DON'T BUY
For the long term The only problem is that utility stocks rely on government contracts, so are vulnerable to an increase in interest rates; they can't adjust quickly. So, if rates rise, utilities will decline even though the dividends now look attractive.
E.T.F.'s
BUY
Harvest has many covered call ETFs, using 25-30% of the stocks within an ETF that is a covered call. If you want yield, these look attractive, all the Harvest ETFs. But he's not 100% certain how they work, but has never heard of any problems. Generally, this is good.
E.T.F.'s
DON'T BUY
For an RRSP long term He bought the Vanguard version when they were first issued, because he liked the idea where Vanguard acted as the portfolio manager, but the performance lacked. It was good for small accounts like kids' RRSPs. But he owns none of them now. When they rebalance, they take money out of the US (growth) and into Europe (which declined)--that's why. He's not a fan of the algorithms which automatically determine reallocations.
E.T.F.'s
WEAK BUY
It holds Home Depot and Lowe's. People are doing fewer home renos after the lockdowns, but the US housing space remains healthy. This is okay to own.
E.T.F.'s
COMMENT
An ETF for bond exposure? There is no exchange for bonds, so they can suffer swift losses. In March 2020, there were liquidity issues, so he sold all of his. Bonds recovered quickly though. Bond ETFs: look at the "yield to maturity" in the fact sheet to find the real maturity.
Unknown
WEAK BUY
Are semiconductors a solid bet for the next 5 years? He doesn't look at it that way. He'd rather look at the indices themselves for strategy. This is a new ETF, founded in June, and contains big names like Qualcomm. That's fine. The sector is hurt of supply chain issues. It's okay as a sector trade.
E.T.F.'s
TOP PICK
They cut the MER recently to 0.25%. It was too high before at 0.65%. Holds the six Canadian banks.
E.T.F.'s