Hello all
This is my first post, but I've been reading the forum for quite a while now and really appreciate all the knowledge I have picked up along the way.
My question is regarding portfolio allocation....I was once with an advisor who had me in all equity....big mistake expecially in the late 90's early 00's. Then I went to another advisor who was a 60/40 type gal. That was ok. Then I got wiser and was tried of all the fees so now I have a TD Webbroker account and do it all myself. I've become somewhat skeptical on equities, especially US and foreign as it would seem to me at least in the time period I've been investing (15 years little $ in the early years, more in the later years) that I'd have been better off in Cdn Equity and bonds.
So for now I am invested in 50% bonds, 25% Cdn equity, 15% Foreign Equity and 10% US equity. I'm a fairy low risk type person expecially now as I'm 42. I have about 130K in RRSP's and have just opened a TFSA which I plan to max out (5K) all bonds by the end of the year.
Lately I've been purchasing strip bonds with any extra contributions, am waiting for the markets to improve some more and then plan to sell some of my mutual funds in equity and replace them with ETF's. Neither of my FA's would hear tell of my purchasing ETF's which personally drove me nuts and is another reason I'm going it alone these days.
Some additional info - no kids, living commonlaw but we keep all money separate as he doesn't really have investments. Annual salary 80K. Have been maxing out RRSP's for say last 10 yrs or so.
So...any advice/comments would be most appreciated especially perhaps your collective opinions on strip bonds
Thank you
This is my first post, but I've been reading the forum for quite a while now and really appreciate all the knowledge I have picked up along the way.
My question is regarding portfolio allocation....I was once with an advisor who had me in all equity....big mistake expecially in the late 90's early 00's. Then I went to another advisor who was a 60/40 type gal. That was ok. Then I got wiser and was tried of all the fees so now I have a TD Webbroker account and do it all myself. I've become somewhat skeptical on equities, especially US and foreign as it would seem to me at least in the time period I've been investing (15 years little $ in the early years, more in the later years) that I'd have been better off in Cdn Equity and bonds.
So for now I am invested in 50% bonds, 25% Cdn equity, 15% Foreign Equity and 10% US equity. I'm a fairy low risk type person expecially now as I'm 42. I have about 130K in RRSP's and have just opened a TFSA which I plan to max out (5K) all bonds by the end of the year.
Lately I've been purchasing strip bonds with any extra contributions, am waiting for the markets to improve some more and then plan to sell some of my mutual funds in equity and replace them with ETF's. Neither of my FA's would hear tell of my purchasing ETF's which personally drove me nuts and is another reason I'm going it alone these days.
Some additional info - no kids, living commonlaw but we keep all money separate as he doesn't really have investments. Annual salary 80K. Have been maxing out RRSP's for say last 10 yrs or so.
So...any advice/comments would be most appreciated especially perhaps your collective opinions on strip bonds
Thank you