Alright Harold, how about RBC Canadian Dividend and RBC Canadian Equity Income?
But they have high MERs. 1.75 and 2%.
You could do either, and yes the MERs are way too high for what they are doing.
The dividend fund is another ho-hum dividend fund and there is no reason to charge 1.75%.
The Equity Income is a fancier version of the dividend fund, comprising of higher yielding trusts and corporations.
Which is why the MER is 2% perhaps.
Consider the RBC Monthly Income Fund, though.
It has a much lower fee at 1.14%.
Volatality factor is a lot lower than the other 2, which is your goal.
Returns are lower as well, but IMO 7.6% over almost 15 years is pretty good for a fund of this type.
It has bond holdings though.
It will all depend on what your current and target asset allocation is.
If you are already heavily invested in Canadian dividend stocks/funds, then these will overweigh you.
But if you have no/limited exposure, then consider the monthly income funds.
As for the gold, it's not so much about the 3 weeks as it is how much has been lost in that period.
Metals is a volatile sector.
IMO, this is only a temporary correction and it will come back up again.
But you have bought close to recent highs, so you will be up against resistence levels for the next little while.
Maybe your weighting was too high in this sector fund.