Q: Hi, new hear and would like to know the best place to park some money for each account type. Money will be needed between 3 to 12 months. Also if selling in which order would you sell the following ZWK, ZPW, UMAX, ENCC, TD, NA, FC, SLF.
Thank you
Thank you
5i Research Answer:
Our sell order would be: FC, NA, TD, SLF, ZPW, ENCC, UMAX, ZWK
Note it is very difficult comparing ETFs to single stocks as their diversification reduces risk but also reduces potential
3 to 12 months is a very short time frame. We would not suggest ANY equity exposure for such a short period. We would suggest:
TFSA: etfs: CASH or PSA
Non-reg account: etfs: CASH or PSA
RRSP: One year GIC