Q: I have enough US cash to fund 5 -6 years of planned withdrawals. The rest of the Portfolio is equity that I will hold for the noted term.
Looking for an ETF that will pay out monthly to cash flow the payout. Your suggestions ? Should I convert to Canadian dollars at the outset and invest in Canadian ?
Looking for an ETF that will pay out monthly to cash flow the payout. Your suggestions ? Should I convert to Canadian dollars at the outset and invest in Canadian ?
5i Research Answer:
The currency question is difficult of course, but we would view to not-converting for now. A money market fund might the simplest solution here. All brokers would have some selection in US dollars. Alternatively, a safe ETF would be HISU.U, paying monthly and investing in high interest savings deposits.