Stock price when the opinion was issued
An ETF to buy? There are so many ETFs, so it depends what you're looking for. XIU offers growth and income for retirees. This is a core holding for any investors. There's also a BMO utilities ETF offering a yield and upside. Also, a Canadian bank ETF from any vendor will give you income and growth, like ZWB-T. An ETF reduces volatility vs. owning individual stocks.
The premiums for options seem very, very thin. Because of the diversity that protects you? Yes. This one is just the capped TSX 60. It was designed when Nortel was a big part of the index, so they capped the exposure to one stock. This is really representative of Canada’s economy, very much dependent on raw materials and energy, and is about 30% of this one. We don’t really have that issue today. You are looking at a diversified ETF that isn’t particularly volatile. You have optimal diversification, which is why this one often underperforms the S&P 500.