Q: Hi,
I've got about 6k in my kids' RESP and would like to take advantage of the current market conditions to deploy the cash.
The RESP currently holds BAM (@13%), Sentry US Growth Mutual fund (@ 38%), Invesco Global fund (@30%) with cash making up the difference (@ 20%).
I'd like to add a tech position and would like your opinion on whether to buy a hedged ETF or un-hedged - specifically XQQ or QQQ, or other? This account is a buy and hold with a long term (10 yr +) horizon.
Thx.
I've got about 6k in my kids' RESP and would like to take advantage of the current market conditions to deploy the cash.
The RESP currently holds BAM (@13%), Sentry US Growth Mutual fund (@ 38%), Invesco Global fund (@30%) with cash making up the difference (@ 20%).
I'd like to add a tech position and would like your opinion on whether to buy a hedged ETF or un-hedged - specifically XQQ or QQQ, or other? This account is a buy and hold with a long term (10 yr +) horizon.
Thx.