Q: We are a semi retired couple with RRSP's/RRIF's, TFSA's and a shared open account for dividend income.
In the dividend income account, we have 10 or so of the classic blue chip CDN stocks + CPD. (roughly equally portions), and are considering the addition of another monthly payer such as PMO205 to diversify asset types and stabilize monthly income a bit.
Does PMO205 make sense for this account?
If not, do you have other suggestions?
In the other accounts, our fixed income portion (VAB) has been a dog over the last couple of years.
In the dividend income account, we have 10 or so of the classic blue chip CDN stocks + CPD. (roughly equally portions), and are considering the addition of another monthly payer such as PMO205 to diversify asset types and stabilize monthly income a bit.
Does PMO205 make sense for this account?
If not, do you have other suggestions?
In the other accounts, our fixed income portion (VAB) has been a dog over the last couple of years.