Q: I am 79 years old and retired. I have outstanding capital losses in my non-registered account. I plan to sell most of my bond ETFs, which currently pay taxable interest, and purchase shares in HBB (Horizons Canadian Select Universe Bond Index ETF - Corporate Class), which only accrues capital gains.
Could you please comment on this strategy? Would you consider it a wise or risky move?
Thank you.
Could you please comment on this strategy? Would you consider it a wise or risky move?
Thank you.
5i Research Answer:
We have no objections; HBB is not perfect, but it does what is says. 3-year return is 3.93%....