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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: My son is diligently saving to purchase a house and currently is taking advantage of the benefits of a TFSA. I have mentioned that he should also consider opening an RRSP to take advantage of their home buyers plan. He can contribute an extra $15k and get an additional 35% tax refund. He has about a 4-5 year time horizon before he needs the money. Is this sound advice? Can you recommend what stocks he should consider?
Thank you
Read Answer Asked by Marty on May 03, 2017
Q: I have emulated the Balanced Equity portfolio as much as possible but the proportions don't max exactly. PBH and KXS are not yet at the 6% level (close) so I did not re-balance. Trust this in line with your thinking.

BTW...April numbers in my three trading accounts are: +1.54, +3.1 and +2.14. And my TFSA, begun in January, 2015, is almost doubled. Thanks for your genius. I tend to think of all three accounts as a single portfolio but iTrade can't combine them.
Read Answer Asked by Fred on May 03, 2017