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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: Hi,
I currently have these stocks in my TFSA CAD account. They are almost all equally weighted. Do you think there needs to be any adjustments?

I understand they are all growth stocks except ZSP. Is it a problem if I only have these growth stocks?

Thank you!

Read Answer Asked by Yongwei on September 20, 2021

Q: I recently asked a question about recommended ETF holdings in my RRSP for coverage of the US market. You had suggested converting my holdings to USD and purchase VOO direct on the US market rather than the CAD ETFs I currently hold. This would eliminate withholding taxes.
How much of a drag on performance would these withholding taxes represent?

Read Answer Asked by Bruce on September 09, 2021

Q: I hold the US portion of my portfolio in my RRSP. It represents roughly 20% of my total investment. I do not need to convert to RRIF for another 5 years and at that time will be taking the minimum required.
I currently hold ZQQ; ZPAY; ZDY; ZWH; ZSP.
I am thinking of switching my holdings to the following in roughly equal amounts: ZPAY; VUN; ZSP; ZNQ; XSU.
The objective is to get better coverage of the total US market through XSU and VUN. Maintain coverage of S&P 500 through ZSP. For Tech switching to non hedged via ZNQ. ZPAY will still provide good income with perhaps some downside protection through its options strategy.
Your thoughts and recommendations of alternatives.
The rest of my portfolio in my Non-Registered account and TFSA follow a mixture of your 3 portfolios which by the way have provide me with a return of 12 - 15% in the past 6 plus years.

Read Answer Asked by Bruce on September 08, 2021

Q: Good afternoon,

Looking for some general guidance.

I currently have 25% of my portfolio in CAD-listed US ETF's - 14% XUU, and 11% ZSP. I have a few questions for you guys....

1. Would you ever put just 25% in (either) ETF or do you like that fact theyre different (I think you recommend no more than 15% per ETF max? is that correct?). I'd see the advantage of all-in one being better for DRIP'ing but think you (and me) prefer diversification.

2. I would like to add more American holdings in general (maybe 8% more to get to 33%). I am mostly interest in CAD-ETF's to achieve this. Would you view XQQ or XUS as a way to add some 'torque'?

Thanks for your help.

Read Answer Asked by Jeff on August 20, 2021

Q: Hi
in regards to the Balanced ETF model portfolio, which ETFs that trade in USD would you recommend in place of VGG and ZSP?
I assume that both of these ETFs provide dividends and would best be held in an RRSP - is that right?
thanks

Read Answer Asked by Mary on August 16, 2021

Q: Hi Peter, Ryan, and Team,

We need to increase our US exposure and wish to do this in our non-registered account. We're considering CUD and VGG as we'd rather use ETFs. (Our broker allows us to buy and sell CUD with zero commission, and not so with VGG, but this wouldn't be a 'make or break' reason for choosing one over the other). What would your recommendation be when considering tax efficiency, performance, volatility, and other important metrics? I do like that CUD has a relatively low weight in Technology, as our Canadian holdings like CSU, ENGH, KXS, TOI, etc. have done so well, and we're now overweight in this sector, thanks to 5i. :) Also, if there are any other US ETFs sold on the TSX that you think we should consider, we'd appreciate that info as well.

Thanks in advance for all your assistance and wise counsel.

Read Answer Asked by Jerry on August 06, 2021

Q: My 35 year old daughter would like to start investing 150$ a month in an ETF. She would like to set up an automatic monthly transfer to an institution , any suggestions? thanks, JEan

Read Answer Asked by Jean on August 05, 2021

Q: I'm looking for a ETF holding US stocks that will work well with ZWH.CA
This would be in a RRSP.

Read Answer Asked by Stephen on July 09, 2021

Q: Im 71 years old. As I get older Ive tried to simplify my portfolio, going from about 50 stocks years ago, to my current portfolio of about 16 stocks, 3 ETFs and 15% cash.
I am a subscriber to your Portfolio Tracking and Analysis service and Im told I need to make changes to reach a suggested asset allocation and portfolio diversification. Right now Im tech, utilities and financial services heavy.

Heres what Id like to do:
The following set up gives me an allocation of 70% equities, 20 % bonds and 7% cash. Im comfortable with this and have gone through many 20 and 30% corrections in the past 30 years without too much despair.

In my Canadian cash account Id have CDZ, FTS, AQN.
Locked in RSP (LIRA) I would have AAPL, ZSP, ZEM.
Unlocked RIF I d have CLF, ZAG.
TFSA would have QQQ, ZEM, ZDI, CSU, TOI, SIS.
Id like cash around 8% of portfolio.

Im wondering if I have my portfolio diversification covered and if the right stocks or ETFs are in the appropriate accounts for best tax efficiencies?
Your input would really be helpful.
Thanks
Frank

Read Answer Asked by Frank on June 10, 2021

Q: Thank you for the reply to my recent question. Unfortunately the question pertained to the 5i balanced etf portfolio not the balanced equity portfolio. May I please have to top five etf positions to add new money at this time.

Read Answer Asked by Richard on June 02, 2021

Q: Can you suggest a few good ETFs which should form the basis of ones portfolio.

Also please suggest ETFs for specific applications like..... high risk/ growth, dividend, US equities, Canadian equities, dividend stocks, tech stocks, emerging markets ..... and your choice of basket of ETFs which a person could use to build a portfolio ( with % allocations)

Read Answer Asked by HARRY on May 10, 2021

Q: Hi gang, have $200,000.00 canadian to invest for 2-3 years. Just want to invest 50-50 Canada-USA. Would like to be as safe as possible. Some stocks and some ETF. If possible dividend paying one. Thanks
Alnoor.

Read Answer Asked by Alnoor on April 28, 2021

Q: I'm helping a friend set up a "couch potato portfolio". I noticed a while back that you commented on such a portfolio. I am suggesting the following to my friend. What do you think? Is there any of the ETFs that you would swap out? And why?

XIU S&P/TSX60 total return for Canada 25%
ZSP BMO S&P 500 Index ETF for USA 25%
XEF ishares Core MSCI EAFE for Europe/Japan 25%
ZEM BMO MSCI Emerging Markets Index ETF for emerging markets 5%
XGD iShares S&P/TSX Global Gold for gold exposure 5%
ZAG BMO Aggregate Bond ETF 15%

It appears that both ZSP and XEF offer USD versions. What are the pros and cons?
Thanks

Read Answer Asked by Steven on April 27, 2021

Q: My grandson of 23 is starting his 1st tfsa with $2500 to begin and needs a core holding start. please suggest a stock only and etf only models. Which one or mixed off, would you deploy today.
thanks

Read Answer Asked by Peter on March 15, 2021

Q: Hi my question is regarding resps and best way to contribute. Time frame is 15-20 years. I understand ETFs offer diversification, however would you at all consider a few slow and steady (conservative) stocks instead. Your top 5 ETFs and stocks for this scenario please and thank you!

Nick

Read Answer Asked by Lauren on March 05, 2021

Q: These 2 funds look quite attractive, comments, can you suggest anything else?

Read Answer Asked by pat on March 02, 2021

Q: Hi Peter,

I had asked a couple of questions the other day but got a reply to just one of them so I will ask again.
For the US, I own two ETFs; ZSP (8%) and FTEC (8%). I have USD to add another 20% to the US part of my portfolio and would like 7-8 names to add on the current market weakness/rotation. I would appreciate if you could recommend a few stocks for growth 5-10 years at least, don't need dividends, medium to high risk. These names would be in my RRSP and margin account and buyable at current prices.
Thanks in advance.
Kevin

Read Answer Asked by K on March 01, 2021