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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 team,

I currently hold TD e-Series Funds in my RRSP and plan to replace them with other index ETFs. What would be your top 5 picks for this?
I have a high risk tolerance with a 25 year timeline.

Thank you

Read Answer Asked by Patrick on July 05, 2021

Q: This is a list of the ETF's in my portfolio, (I have omitted the fixed income ETF's that comprise of about 20%).

Do you see any issues with the selection? Any overlap? Perhaps there are better alternatives than the ones chosen.

Thanks for the great service.

Read Answer Asked by Robert on June 30, 2021

Q: My 50 year young daughter is adding $100,000 to a balanced $1m conservative portfolio. Which 2 or 3 etfs (your suggestion or ours) would you suggest that fit a post pandemic world.

Read Answer Asked by joe on May 25, 2021

Q: Some recent news about the concentration of top five companies holdings on the S&P500. I hold VSP looking for inexpensive, easy, and broad diversification. I've looked at VUN in the past for same and not a big difference in relative concentration. Do you have any particular concerns in general for the concentration and secondly, any thoughts on VUN vs VSP over a 10+ year horizon. Welcome your thoughts on any alternatives that might come to mind as well. Thank you.

Read Answer Asked by Jordan on July 24, 2020

Q: I have 4 questions:

1. I have not diversified my assets outside the TSX and would like to do so. Between a TFSA, an RRSP, and non-registered account, which is best to purchase US stocks (for tax purposes)?

2. If I wanted to buy an ETF on the TSX for US exposure, what would be a good one?

3. If I wanted to buy an ETF (also on the TSX) for exposure to emerging markets, what would be a good one?

4. Would you buy an emerging markets ETF in your TFSA, RRSP, or non-registered account?

Thank you for answering my questions. The information you provide is very valuable.

Best wishes,
Terri

Read Answer Asked by Terri on July 23, 2020

Q: I am beginning to swing trade ETFs. Which do feel more closely mirrors the SPY since one cannot buy the SPX? Feel free to mention others I may have excluded but should be considered.
Putting aside any tax implications or type of account (ie: registered vs non-registered)
Considering the state of the C$ and the price of oil, it would seem more logical to go unhedged , what are your thoughts?

Read Answer Asked by Larry on April 06, 2020

Q: I'm thinking of switching etf's, selling VGG and buying VSP to take advantage of tax loss selling (VGG) and also buying into a CAN dollar hedged fund as the CAN dollar has taken a beating lately and should rebound looking forward, appreciate your professional opinion? Thank you!

Read Answer Asked by Patrick on March 24, 2020

Q: I'm thinking of switching etf's, selling VGG and buying VSP to take advantage of tax loss selling (VGG) and also buying into a CAN dollar hedged fund as the CAN dollar has taken a beating lately and should rebound looking forward, appreciate your professional opinion? Thank you!

Read Answer Asked by Patrick on March 24, 2020

Q: I have approached my stop losses in these investments, should I sell to try to preserve capital to re-enter the market later after a bottom is more likely?? Say when the VIX is below 40? I kronor you can't give personal advice, just wondering what you would do, I'm 68 and retired, thank you.

Read Answer Asked by Patrick on March 24, 2020

Q: Dear 5i
I'm always a little confused as to which companies are CDN hedged and which are not . Just because it's listed on the TSX doesn't` always mean that it is hedged I'm guessing . I'm also assuming that it looks like the CDN dollar is going to be weak compared to the US dollar for awhile .That being said which of the ETF`s listed above are CDN hedged and is it wise to have a balance of hedged and unhedged anyways ?
Typically you expect share prices to rise as earnings increase . With the state of the economy ie covid19 it is likely that earnings will be lower for the next couple quarters at least so there are few expectations for higher earnings from most companies .Given this , would you expect the market to rebound higher even before there are rising earnings simply on the anticipation that higher earnings will eventually happen once covid19 is proven to be under control , or do you think we would actually have to wait for increased earnings to occur before we would see any meaningful bounce in the markets ?
Please deduct points appropriately .
Thanks
Bill

Read Answer Asked by Bill on March 20, 2020

Q: Hello, Please provide ETF's that replicates TSX, S&P, DOW & NASDAQ
are there Hedged and non-hedged versions for US stock Indices.
Thanks.

Read Answer Asked by Harpinder on March 10, 2020

Q: Peter, I hold these S&P hedged ETF's in different portfolios. The total fees for HXS are about twice that of XSP and VSP probably due to the swaps. When I look at the performance of these ETF's, XSP and VSP are almost identical, but HXS sometimes lags and sometimes outperforms the other two. I am not sure why that is, can you comment. Due to the higher fees on HXS, does it makes sense to own this ETF in a registered account?

Read Answer Asked by stephen on February 11, 2020

Q: Hi there,

Just a follow up to my previous question, where do you see the USD going in 2020 against the CAD? In the answer you had provided to me, you had suggested VSP for S&P500 exposure (as opposed to VFV). Does this imply you see the CAD strengthening against the USD in 2020?

Thanks!

Read Answer Asked by Michael on January 07, 2020

Q: Hi there, although predictions are kind of a guessing game, based on all your professional experience, do you foresee the SP500 and NASDAQ continuing to perform well in 2020? I am thinking of putting 10 percent of my portfolio in a SP500 etf and 10 percent in NASDAQ 100. I currently have no US exposure. What are your thoughts and which ETFs would you suggest for this play? Thank you and Happy Holidays!

Read Answer Asked by Michael on December 30, 2019

Q: My ETF portfolio is 30% SPY, 20% VIG, 10 IWO ( 50% USA exposure), 20 VE and 20% VEE. You seem to have switched to recommending VSP and VUN as your USA ETF. What are the advantages of VSP/VUN over SPY. VSP and SPY have similar mers, VUN is a bit higher at 0,16. I assume I started buying SPY on 5i recommendation at some point in the past... Balanced portfolio follower, nearing retirement so shifting more towards income/div aristocrats over pure growth plays.

Read Answer Asked by Tom on October 18, 2019

Q: Thank you for answering my past questions so clearly.

All the ETF's below mirror the S&P 500.

BMO S&P 500 INDEX CAD UNT ETF Symbol ZSP (not currency-hedged)

VANGUARD S&P 500 Index ETF, Symbol VSP (currency-hedged)

iShares Core S&P 500 Index ETF, Symbol XSP (currency-hedged)

Over the last decade, as expected, XSP and VSP have appreciated as much as the S&P 500 has -- a little over 100%.

ZSP has appreciated about 180%. Likely, that is a function of the currency hedging/not hedging.

Please explain.

In your opinion, will ZSP continue to outperform?

Thank you.

Read Answer Asked by Milan on September 06, 2019

Q: Can you please give me your recommendations for ETFS in the following categories?

US S&P 500
US Total Market
US Dividend

Thanks

Read Answer Asked by Evan on July 25, 2019