Mike PhilbrickVanguard FTSE Cda All Cap ETFVCN.TODON'T BUYJun 01, 2020
Currently you have more dividend cuts, restrictions and pausing of dividend in the last little while than in the last 10 years, so be careful at using dividend income to assess income. He would suggest looking at a minimum volatility XMV-T. The problem with a low-vol ETFs is that it tends to load heavily on interest rate sectors of the market and has a high sector bias. He thinks this is a difficult time for banks that make up a large part of that index.
(A Top Pick Feb 22/22, Down 4%) He bought this and VSP a year ago, instead of doubling down on either of them in order to avoid a heavy tax hit on capital gains when either ETF moves sharply and you average up, like buying at $15/share then buying again at $25/share.
(A Top Pick Feb 22/22, Down 7%) Market beating returns given poor overall market returns.
Would keep as has mirrored performance of S & P composite index.
(A Top Pick Jun 10/19, Up 3%) A good, simple entry into Canada. This is cheap and tax-effective. This is all cap, so it covers all Canadian caps. He's a fan of Vanguard.
He is underweight Canada in his portfolios. Canada suffers from a branding problem in terms of attracting foreign capital. He struggles to know what the catalyst will be to bring the capital back. He prefers overseas exposure.
(Past Top Pick Oct. 10, 2017, Up 1%) He likes Vanguard, but he's surprised this is up 1% given Canadian market performance this year. A year ago, it seemed like a good idea. He still holds a bit.
(Past Top Pick on April 13, 2017, Up 10%) It's Vanguard so it offers a low MER (which he likes) at 6 basis points, and this one drills down into the Canadian small-caps
(Past Top Pick on August 8, 2017, Up 9%) Last summer he was striving for diversification outside Canada, so he bought and recommended this. It's done well, but he's not adding to it or any Canadian stocks these days.
Currently you have more dividend cuts, restrictions and pausing of dividend in the last little while than in the last 10 years, so be careful at using dividend income to assess income. He would suggest looking at a minimum volatility XMV-T. The problem with a low-vol ETFs is that it tends to load heavily on interest rate sectors of the market and has a high sector bias. He thinks this is a difficult time for banks that make up a large part of that index.