BMO Growth ETF (ZGRO.TO)

38 years old suggests a fairly long time horizon. This ETF has 20% fixed income (to dampen volatility) and 80% equity (for growth). Good building block for a long-term portfolio. Not a good option for saving to, for example, buy a house. Usually pretty low MER.

It holds 80% stocks and 20% bonds, gives you a current cash flow, but a deferred tax bill. Contact an accountant to determine the tax ramifications of holding this.

Gives you international exposure in stocks by 80% with 20% bonds. Problem is that 20% in stocks and bonds exposure, while Canada is only 3% of the world. You need more tech exposure, like a tech ETF, to top you off.

80% equity, 20% fixed income. Great for the average investor. The one you want when you're bullish on equities. When you're defensive, you go into the balanced or conservative version which brings you down to 60/40 or 40/60 equities to bonds.

Right now, way too early to be bullish on equities. At some point in the next 6 months (ballpark: below 5000 on the S&P 500, and maybe even below 4500), it will be time to be much more growth oriented. Now is not the time.