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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: I right now have 100,000 in cash (Canadian Dollars) that I want to keep in Money Market ETFs for the Short Term.

I have been trying to find the yield for all of the above and it is not easy because most of them show me the annualized yield. Interest rates have come down several times in the last year so the annual yield is not the best way to compare the above funds.

Which of the two funds above do you recommend, the reasons why and what is the current yield on it.

My brokerage account is with Questrade and they do not offer any of their own High Interest Savings Accounts like TD Direct Investing.

Thank You.
Read Answer Asked by ALNOOR on March 18, 2025
Q: Dear 5i
If it's not too much to ask could you give me the most accurate yield that you possibly can on the above stated ETF's . It's very frustrating obtaining this information acurrately as different web sites give different numbers . If you were to rely on just one non prescription website what would that website be to obtain reasonably accurate yield information ? I'm sure you get tired of being asked this question on a fairly regular basis .
If you have other suggestion on similar like ETF's i would be all ears .
I also assume that all these ETF's are quite safe and that no more than 100K should be put into any one of them .
Thanks greatly
Bill C
Read Answer Asked by Bill on March 07, 2025
Q: I wish to build a 3 year cash reserve to cover market fluctuations in retirement. Looking for liquidity and safety, and ease of use. I am considering HISA, money market funds, GIC's or Bonds ?
My account is at Investorline so would have to be available through them. Are any of these preferable or do you have other suggestions?
Read Answer Asked by Fredrick on February 26, 2025
Q: Let us assume there is market downturn of 20% or greater. I am a retired senior and want to be cautious. I have TBills in US and Can.;
Also some BN, DSG , AEM and bonds like ZMMK. Also 10% in ZSP and VFV , XIU.
Any red flags here and suggest some additions. TAKE AS MANY CREDITS as needed to answer this. Thanks. Helen
Read Answer Asked by Helen on February 19, 2025
Q: I am looking to invest in these 4 names for my father after he sold his house. He is 92 so I would like something as 'risk-free' as possible, just income needed. Thinking 100k for each, just wondering about any risks involved aside from interest rate risk and inflation risk.
Thanks!
Scott
Read Answer Asked by scott on February 11, 2025
Q: Looking to park cash for 2 to 3 years in a low volatility etf with a decent distribution. I am looking at above mentioned etf and would appreciate your analysis or do you have other recommendations? Thanx.
Read Answer Asked by Steve on November 20, 2024
Q: I am holding all of the above in my portfolio, along with some equity etfs and a few individual stocks. In seeing your comments on BMO 95290 fund, wondering if i should replace all of these etfs with the BMO fund ? Also, if i should allocate anything to CBO or CVD for diversification.
Thanks! I appreciate your quick and thorough responses!
Read Answer Asked by Tom on November 18, 2024
Q: Recently I have found the TBIL and ZMMK ETFs to be a safe place to keep my cash and earn a half decent return.
However, the upcoming US elections, the upheaval in the Middle East, Ukraine, and the ongoing threat to global oil prices, is increasing the possibility of a sudden spike in interest rates, and a complete reversal of the current narrative of lower rates.
How would TBIL and ZMMK be affectted by such a turn of events (i.e. a spike in interest rates) and more generally, what investment asset classes would you recommend that would best mitigate such risks.
Thank You
John
Read Answer Asked by John on October 24, 2024
Q: I’m recently retired and looking to set up a 2-year cash wedge inside my RRSP account. I already have about 20% invested in CBIL. I’m trying to decide if I should keep adding to CBIL or invest in something like ZMMK. I’m leaning towards ZMMK because of the slightly better current return, bigger size and maybe it will retain a slightly higher return in the future assuming interest rates continue to go down? Does this make sense? Is there a better instrument(s) to use to set up a cash wedge? Am I simply overthinking this 😊!
Read Answer Asked by Raymond on October 17, 2024
Q: Hi 5i
I'd like to add to a small TFSA investment, which today is 100% in VGRO.ca.
I will add funds so that 25% will be in VGRO.ca and the other 75% would be spilt between 2 to 3 of these: ZMMK, VFV, ZSP, ZDI, XIU. Timeline is 2 to 3 years and thinking to be more conservative because already have VGRO for growth.
What would be your ranking highest to lowest. Are there other ETF's that I should consider?
Thanks!
Read Answer Asked by George on October 16, 2024
Q: Hi team, I am a 65 year old dividend investor. I presently hold about 12% of my portfolio in Money Market Fund ZMMK while waiting to see what to buy next. I am wondering how this fund would react during a major market sell off. I know it is fairly safe but the fund has a short history. In your opinion how safe is ZMMK and during a sell off would funds gravitate towards it or would it sell off with the rest of the equity market? Thanks.
Read Answer Asked by William on June 27, 2024
Q: Recently sold a rental house and am looking for investment in low risk but monthly payment in a non registered account. I’m not comfortable with bonds and so far have come up with either laddered GICs ( paid out every 6 months) or combination of PFL, XFR, and ZMMK. Do you have any thoughts on any of this. Which would have a the best tax rate implications? And would you have any other suggestions that would work best in the current reduced rate environment we are heading in the next few years.
Thanks
Read Answer Asked by Craig on April 16, 2024
Q: Hello and Happy New Year.
I have a question on moving funds in/out of ZMMK. I received an amount of cash that I am going to park in ZMMK for the interim. My question is do I need to be concerned with superficial losses while moving funds out? I see it bounces in a range of approximately $49.90-50.08 and sitting at $49.94 as of now. If I were to move funds in now, my avg cost sits around todays cost and if I want to draw out under that, it would create a superficial loss (~$1200 worst case) although not a concern as it's held for the dividend. Thank you.
Read Answer Asked by Randy on January 03, 2024
Q: I am currently holding over $80K in ZMMK as a holding place. Approx. 4.92% dividend while I wait to see where this market is going (so many mixed signals and differing opinions !). RBC just announced they are supporting the purchase of things like CASH, PSA, etc. How does ZMMK compare compare to the Horizons High Interest Savings ETF (CASH) ? Is ZMMK as "safe" ?
Read Answer Asked by Randy on August 18, 2023
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