How many ETF’s should you hold proportionally in a portfolio? He owns ones like LIFE-T. It’s a catch-all of all the innovation. ETFs are an amazing invention, a democratic way to play various areas. But he doesn’t use a broad ETF to cover, say, the S&P 500 or TSX. There are always some stocks in a market, like the S&P, that he wouldn’t touch. Maybe that works in a $10K portfolio, but not a larger one.

The ETFs are a great way to diversify your portfolio. The advice is not to use a broad ETF to cover for example the S&P 500 or TSX.