Mike Philbrick Horizons CDN Select Universe Bond ETF HBB-T BUY Oct 15, 2024

Bonds are the first thing you'd put in a registered account, as bond income is taxed at the highest levels. For a non-registered account, HBB delivers the bond index return in a total return format, so you're not receiving income. It does have its own set of risks.

It covers the total Canadian bond market with low priced government, municipal and corporate bonds. It yields 3% but doesn't distribute it.

(A Top Pick Jan 09/23, Up 2%)

Safe vehicle that reduces risk in markets. Paired with ownership in equities - is a good option for portfolio diversification.