Has been one of his favourite products for some time. There are 7.2 billion people globally, and farmland is always being eaten up by urbanization, so the need to be productive with agricultural products is going to be going on for the foreseeable future and for the rest of our lives. Should be pretty safe in getting some steady growth.
Using a tax shelter to reduce income down to a point where you are paying tax in a lower bracket. He still suggests this, but the only kind of a tax shelter he uses are called “oil and gas flow throughs”. There are companies in the extraction business that have provisions that were put in the income tax act 40 years ago. They allow companies that were involved in extraction, to flow through the deductions that they would normally be entitled to as corporations, to the underlying unit holders.
Are index ETF’s a good buy now, or should I wait until the market pulls back? The US S&P is fine, and hitting new all-time highs, but he would suggest that you not just look at North America. Something that invests globally would be a better way to do it. He would suggest (VT-N) or (XWD-T). Don’t wait for a pullback.
Likes dividend ETF’s that are broadly diversified, and that will pay you income as a proxy for bonds, GICs or bond ETF’s. Doesn’t prefer them for the equity portion, but would rather have a pure equity play if you want it for that.