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  5. ENB: I would like 3-4 ideas for investment to be held in cash account. [Enbridge Inc.]
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Q: I would like 3-4 ideas for investment to be held in cash account. I don't need the money unless an emergency and was thinking of parking in a few solid pref shares perhaps to pick up a decent tax efficient yield but open to alternatives.
Asked by Steven on April 14, 2025
5i Research Answer:

We would be comfortable with FTS preferred. There are several series. Series M and H we think would be solid. Also ENB, series L, B, D. 

Note preferreds are not guaranteed and can fluctuate, especially if rates rise. From a tax efficiency and safety viewpoint, HSAV may be of interest. It is a high interest ETF that does not pay interest, so the tax burden is shifted to capital gains (no dividend tax credit, of course). It is more as a cash 'parking' ETF and different (but safer) than preferreds. CPD could also be suggested as a prefered ETF so there is better diversification than just owning one or two preferreds. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CPD.

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