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COMMENT
For a self-employed investor, if I keep buying this over and over, should I be concerned about the NAV? Asset allocation is definitely a strategy. VGRO is favouring growth in an aggressive asset mix. If you're a growth investor for the next five years, this is fine. Otherwise, look at XIU; a short-term bond portfolio; a universal bond portfolio; and a Spyder to cover the S&P 500.
E.T.F.'s
TOP PICK
It's a sector that's already corrected and has a lot of potential growth. But the option premiums here are rich. This is a covered call on weed and Canopy is the largest cannabis stock. Buy at $41.50 with a $9 call going out to July. If the stock doesn't move, there's over 30% out to July 2019. There's downside protection to $32.30. It's good risk-to-reward.
agriculture
TOP PICK
A strictly defensive buy to park money. Write an option out to June, buying at $118.50 and a $3.75 call and netting $114.75. Excluding dividend, you get a 3.27% return if TLT stays where it is. Downside protection at $114.75. He doubts interest rates will go up much in the coming 12 months.
E.T.F.'s
BUY
$2,000 for his son to invest in? He'd buy a really simple ETF, the XIU, which is basically buying Canada's 60-largest companies. You're buying Canada, including 30% in energy and metals, which is a risk. Or you could try SPY to cover the U.S. market. You could split these two 50/50.
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