Investment Q&A

Q: More of a general question/comment. I wonder if you've ever experienced this or have suggestions?

I tried to make a purchase today of CASH.TO, the Horizon High Interest Savings Account ETF with my BMO Investorline account and the trade was not allowed, with the notification that only sell transactions are allowed for that security.

When I called the help desk, I was told that their internal policy does not allow investors to purchase any high interest savings account ETFs. Of course, they would be more than happy to open a BMO savings account for me!!

I was able to purchase this security just fine via Scotia iTrade. I am completely at a loss to understand the rationale here, but thought I'd post the question here as to whether this is standard practice in the industry or is there some inherent risk to this security that I'm completely missing that would cause them to blacklist it?

Thanks,

Ryan

Q: thanks for the info about CASH and HSAV.......looking at the price charts for both and both are rising up to the upper left......and this makes wonder - when interest rates start to fall, will the stock prices fall for both???
also if that is the case for one or both, what are the signs that I should watch more in order to sell out???...........many thanks for the guidance.......tom

Q: I hope to retire in about a year. I'll have a comfortable defined benefit, I've used the portfolio analysis to diversify my investments. I have a sizeable cash amount earning nearly nothing at a bank. I have contemplated GIC's but don't like the idea of having my funds locked up in the event I would like to direct it to a project or investment .
Would there be a ETF /bond that would be relatively safe that would mirror the GIC returns?

Q: Can you recommend some fixed income products? Either directly purchasable bonds, GICs, or funds that look set to benefit from current rates and expected future hikes.

Q: How safe are these savings ETFs? If the company behind them, say Horizon, which I believe is owned by a Korean company Mirae Asset goes under what happens to your money?

Q: Howdy 5i,

My small business has a corporate investment account with funds sitting in cash that I'd like to invest for the next 1 to 3 years. GICs are not an option as I need liquidity if/when recession arrives. Do you have recommendations for relatively stable ETFs/SPDRs with high dividends?

Regards,
Garth