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BMO S&P 500 Index ETF (ZSP $96.97)
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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $57.41)
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iShares S&P/TSX 60 Index ETF (XIU $42.24)
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Fidelity U.S. Momentum Index ETF (FCMO $13.43)
Q: I have a cash account with CDN stocks and CDRs. I am retired but will not need to dip into this account for at least 5 years. I am thinking of converting all the holdings into 5 or 6 etfs, all in CDN$, to reduce my time managing this account, while still holding the probability of a reasonable amount of growth.
I have not yet started the switch over but at the moment my list is : XIU and WXM for 30% Canadian; ZSP, XQQ and FCMO for 60% US; and VE for 10% other.
The usual questions about the overall strategy, alternative/better ETFs to hold, or other suggestions.
Thanks
Elliott
I have not yet started the switch over but at the moment my list is : XIU and WXM for 30% Canadian; ZSP, XQQ and FCMO for 60% US; and VE for 10% other.
The usual questions about the overall strategy, alternative/better ETFs to hold, or other suggestions.
Thanks
Elliott
5i Research Answer:
Allocations need to be personal, but WE might take international and Canada up 5% and reduce US...