Q: Hi Peter & team
My son is about to graduate and will be starting his first job shortly thereafter. He is going to have approx $100,000 to invest and he asked for my help. I am recommending he start a portfolio which includes HPS.A, GDI, TVK, GSY, BNS, EQB, SIS, ATS, KXS, TOI, ATZ, DOO, ENB, BTE, LMN. I am also going to suggest 10% be placed in CASH as a rainy day/opportunity fund he can add to. Is there anything else you would have me add? Is there any of these you would have me remove? And if 10% was focused into fixed Income, what would you recommend? Please deduct appropriate number of questions.
Thanks for all you do
gm
My son is about to graduate and will be starting his first job shortly thereafter. He is going to have approx $100,000 to invest and he asked for my help. I am recommending he start a portfolio which includes HPS.A, GDI, TVK, GSY, BNS, EQB, SIS, ATS, KXS, TOI, ATZ, DOO, ENB, BTE, LMN. I am also going to suggest 10% be placed in CASH as a rainy day/opportunity fund he can add to. Is there anything else you would have me add? Is there any of these you would have me remove? And if 10% was focused into fixed Income, what would you recommend? Please deduct appropriate number of questions.
Thanks for all you do
gm
5i Research Answer:
We like this list a lot; we might add BN into the group. ENB might be a little slow growth for a young investor but we do like it overall. On cash, we don't have a problem with holding some, but if we assume a new job means more money potentially coming into the account then we might start with 5% not 10%. We would suggest CVD for fixed income as convertibles may do well over time and as rates go down.