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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
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
DON'T BUY
The company does some covered calls. One concern is that gold or any commodity is risky, so he wants the full benefit of that risk in return. A covered call on a commodity limits the upside (though he really likes covered calls in general). TXF pays a 9% dividend yield--it looks wonderful, but below the surface could lie risk.
E.T.F.'s
