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iShares Core S&P/TSX Capped Composite Index ETF (XIC)
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Vanguard FTSE Developed All Cap ex North America Index ETF (VIU)
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Vanguard S&P 500 Index ETF (VFV)
Q: My kids opened RRSP's as soon as they were of age and contributed a small about (<$3,000). They make regular contributions.
Until the RRSP has enough funds to start thinking of diversification, what are the "top 3" possible stocks or ETFs you would consider if only having one investment, and if you could explain why its' a sound investment for each that'd be great.
Thanks very much,
Dave
Until the RRSP has enough funds to start thinking of diversification, what are the "top 3" possible stocks or ETFs you would consider if only having one investment, and if you could explain why its' a sound investment for each that'd be great.
Thanks very much,
Dave
5i Research Answer:
For a small amount of cash, we would prefer an extra ETF, for instant diversification. Also,...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.