Q: Retired dividend-income investor with a concentrated portfolio. My main exposure to the Healthcare sector is LIFE. I currently have over 4,800 shares and am contemplating adding another 400+ shares.
I like everything about LIFE, except for the liquidity. It trades, depending on the timeframe, roughly 12,000 to 17,000 shares/day. I understand the market can either make or delete shares as needed.
If I needed to swap out of LIFE, I could purchase HHL which has better liquidity, but a higher MER. However LIFE is held in a Cash account and would generate some capital gains.
I asked this exact same question 1-2 years ago and thought I'd check in to make sure a) you were still a fan of "LIFE", and b) you still agree that, as a long term hold, you are not concerned with the liquidity under my circumstances.
Thanks for your help....Steve
I like everything about LIFE, except for the liquidity. It trades, depending on the timeframe, roughly 12,000 to 17,000 shares/day. I understand the market can either make or delete shares as needed.
If I needed to swap out of LIFE, I could purchase HHL which has better liquidity, but a higher MER. However LIFE is held in a Cash account and would generate some capital gains.
I asked this exact same question 1-2 years ago and thought I'd check in to make sure a) you were still a fan of "LIFE", and b) you still agree that, as a long term hold, you are not concerned with the liquidity under my circumstances.
Thanks for your help....Steve
5i Research Answer:
Yes; LIFE still looks good and for a long term investor we would not see liquidity as much of a...