My 5 year old Maple Trust GIC @ 4.55% matures for $17,000 on July 6/09.
I would like to reinvest proceeds in an ETF & note iShares & Claymore present a few choices & am looking for the highest return over next 5 years or so. I've recently retired in my late 60's.
Would I go far wrong in putting 50% in Claymore CBO 1-5 year laddered Corp ETF and 50% in Claymore CPB preferred shares ETF to boost returns? My asset allocation is currently 50% dividend stocks & income trusts and 50% bonds. Need quick suggestions for Monday ! Thank U.