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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: Hello,
I am nearing retirement. I have CBO, CPD, VAB and XHY at 20% of my fixed income portfolio. All these ETF's exist in my unregistered account. I wanted to add XBB in my RRSP account. Any concerns about too much overlap by adding this position? This will add 7% to my fixed income position. Portfolio analytics recommends a 30% position.

Thanks for all your help.

Read Answer Asked by Mauro on June 02, 2021

Q: Good morning,

Two general questions:

1. I am fortunate in that I have now maxed out my TFSA contribution. Could you give me an idea of what sort of investments I should have in a TFSA vs. a cash account? 

2. According to portfolio analytics I am underweight in Fixed Equity. Underweight, in that I have none. Could you give some direction as to what to include for the fixed equity portion of a portfolio and provide some suggestions. 

Thank you for your help!

Read Answer Asked by Stefan on May 25, 2021

Q: What do you think of this twenty stock dividend portfolio for a taxable account? I am focusing on high quality and it yields about 3.8% . Any changes you would make?

Read Answer Asked by Stefan on April 29, 2021

Q: I had a portfolio review many years ago when you did them individually, personally by human! At the time your suggestions were right on and cleaned up my ETF's. Now I have over ten and according to your metrics it should not be so. Given those above, is there anything that is not required? I am up 25%- 150% on all of them. I am happy with all of them. I have a balanced portfolio in all 11 sectors with 44 stocks all doing quite nicely thank you. Following the income portfolio with some of my own additions from 15 years ago. I do not see any major conflicts.I am s a buy and hold dividend investor with some growth ( lightspeed, Leon's).
Thank you for your million dollar service!

Read Answer Asked by STANLEY on April 26, 2021

Q: Hi!

I used to own these ETFs for my fixed income exposure. I went to 0% fixed income during the downturn last year, instead using the proceeds to buy stocks that were crushed. I'd like to slowly start to build a position again in my RRSP. Am I too early? It seems like rates have started to rise and where they go is anyone's guess, but if bonds have an inverse relationship to rising rates, aren't I setting myself up to lose money? Does a laddered approach negate that somewhat? Maybe its best to start with CBO since its Corporate credit and laddered? How would you rank these in general and in order of which I should accumulate first. I realize XHY is riskier than the others.


Read Answer Asked by Jason on March 19, 2021

Q: As a follow up to my earlier question, where in you mentioned "if the focus is on bonds....", last line. I am looking for opportunities in fixed income investments. So where should the focus be, other than fixed deposits . Thanks for the excellent advice you have consistently provided over the years.

Read Answer Asked by Vinod on March 10, 2021

Q: As a follow-up to my question last week on interest rates up/down, please also advise which funds/ETFs perform best when interest rates move in either direction.

Thanks again.

Read Answer Asked by Arthur on March 08, 2021

Q: I am not familiar with fixed income investments. I am looking at investing 30k in fixed income . Your portfolios show investments in CVD, CPB, and XHY. Looking for best optimization of rising rate environment and falling bond prices in the future. Just going through your question answer background material , I find VGRO, ICVT, and CSU.DB, very interesting. What would be the best combination in addition to any suggestions you may have. Thank you for your valuable guidance and a great job 5i is doing.

Read Answer Asked by Vinod on March 05, 2021

Q: I've been working with your Portfolio Tracking tool, which is absolutely great, and it's telling me I should hold more bonds. Okay, that's clear enough, but what I'm unclear about is the number of Bonds (ETFs) I should hold. I know it's not really your thing, but is there a recommended bond portfolio you would recommend (for someone about to retire)? Also how important is it to hold international bonds VS only Canadian ETFs? Any advice is truly appreciated. Thanks as always for all your great work!

Read Answer Asked by Michael on February 19, 2021

Q: I need some fixed income suggestions for my RRSP. Anything you particularly like at this time? I know its fixed income but I do have some risk tolerance and a 17 year investment horizon so open to something that pays more than .0000012% interest. Appreciate your thoughts :)

As always.. amazing job team!

Read Answer Asked by Don on February 10, 2021

Q: Could you suggest 3 ETFs for the fixed income component of a portfolio of recently retired individual.

Read Answer Asked by Francisco on January 26, 2021

Q: For the fixed income portion of the portfolio, do you have any recommendations / suggestions (ETF, private fund, mutual fund, specific bonds). Realistically, hoping for a return between 3 and 6%. I am ok to take some risk. Looking for a decent risk/reward investment. Long term hold.

Read Answer Asked by Pierre on January 18, 2021

Q: With a Democrat Senate, higher government spending, rising inflation and an expanding 10 yr yield, what would be your fixed income allocation for the next five years? Do any of the above choices make sense? Thanks.

Read Answer Asked by Curtis on January 08, 2021

Q: You continue to hold XHY and CPD in the income portfolio. My understanding when purchasing these was that they would perform well in a low interest rate environment. That has not been the case. I am about breakeven on them over the past 3 years with dividends included. What is the investment thesis for holding them now that interest rates are already so low. Is it time to move on?

Read Answer Asked by justin on December 09, 2020

Q: I am planning to allocate ~4% of my total investment portfolio (16% of my total fixed income allocation) to a high-yield bond ETF (within an RRSP) with a long time frame. Please comment on more mainstream selections like ZHY and HYG vs something like ANGL.

Read Answer Asked by David on December 02, 2020

Q: I intend to increase the "very safe part" of my portfolios with fixed income ETFs, is a mix of corporate and government bond ETF a good choice with this objective or any other suggestion ? I suppose that longer term bond ETF would be more risky if rates do increase ?

Read Answer Asked by Jean-Yves on November 27, 2020