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I'm thinking of putting an income trust such as Pengrowth in my TFSA. The yield is around 12%. What do you think?
Even if the yield is 12%, I would stay away from Pengrowth. A few months ago, they were in a really tough situation and they had to cut down their distributions.

I would aim more towards index funds (ETF's seem too expensive for only $5,000).
 

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