We're bumping up to all-time highs on both sides of the border. You can celebrate a little bit; it's comforting. A nice, steady up day today. Coca-Cola and United Technologies reported and beated, though expectations had been tempered. Except Q4 2018, we've enjoyed a very good run of 10.5 years. How much longer can this go? We are very late in the cycle with maybe six months to go. He's doing little and keeping his powder dry. He won't make moves until January 2020.

Good if you want something simple and DIY with little money. This gives you diversity globally. It's rebalanced each quarter. One stop shopping.

The market is nearly fully valued so it's not a good time to enter. But VUN is good, offering broad US exposure at a low price.

Buy the US or Canada ETF? Aging demographics favour this ETF. Don't factor the Canadian election or any election when buying this. If you own the US ETF, then buy the Canadian one for geographic diversification.

A stock ETF to add more diversification to a portfolio It charges only 35 basis points and is actively managed. The average duration is 8-9 years. This holds only corporate bonds. Yes, he expects one rate cut this month, but we need it at all. This cut is a desperate move. Rates are way too low and we need to normalize rates so that we have some ammo when the economy hits the skids.

What happens to the money in a RRIF and an unregistered account in an estate when someone passes away? If one spouse dies, the money passes to the other spouse. Simple. But if the second (and last) spouse dies, then the RRIF will closed and all the money in that RRIF will move to the taxable account. The taxes paid on the taxable account are only on the capital gains made within that account (before the RRIF money was added).

Have six mutual funds in an RRSP that are performing poorly and charging over 2% MER. I keep losing money, so what to do? Broadly, get out of high-cost mutual funds and go into lower-cost products like ETFs. Also, diversify geographically. For income, buy some corporate and government bonds. Have 3-8 products. Depends on your age and other factors.

Gold When he gets defensive next January, he will buy gold and use this ETF. XGD is liquid (easy to trade) and gives you more lift than owning gold itself.

(A Top Pick Jun 10/19, Up 3%) A good, simple entry into Canada. This is cheap and tax-effective. This is all cap, so it covers all Canadian caps. He's a fan of Vanguard.

(A Top Pick Jun 10/19, Up 7%) Every corporation must spend on cybersecurity to protect them. CYBR is recession-proof, not risky.

(A Top Pick Jun 10/19, Up 2%) He's been a very long-term bull on emerging markets. FLEM tilts towards value stocks. You pay an extra 15 basis points for this kind of exposure and it's worth it.

Can double-dipping be disadvantageous if I buy MSFT, JPM and ZAW? It depends on concentration--how many shares you own of each? Don't hold 10% of your portfolio in a single investment. Generally, he would own only the ETF--for diversification and lower risk--and not the stocks. He wouldn't worry about XAW, because the stock weightings within it would be low.

What is more tax efficient than the HXT-T for a taxable account? This is good for tax efficiency and cheap, charging around 4 basis points and nearly replicates the HXT-T.

An ETF that covers the TSX Offers the full TSX (all caps) at a low cost.

A steady U.S. dividend-payer for a RRIF BMO offers some (can't recall a specific ETF), including ETFs in US dollars that cover US stocks.