The No Worries Portfolio

The Question: I am thinking of adopting a dividend strategy targeting a yield of 3.7 per cent - does that make sense?
Assessment: Overall, this portfolio looks sound. Emphasizing dividends makes sense, but don’t ditch all your bonds. Remember the market crash of 2008.

Age: 65
Occupation: retired
Annual Income: $40,000
Level of investment knowledge: high
Portfolio size: $2.5-million
Pension: Yes

Portfolio Notes

-Uses an adviser, but also has a self-directed account
-Asset mix:

GICs                                       28%
Balanced mutual funds           42%
Individual stocks                    30%

Top Holdings:

• iShares S&P/TSX Canadian Dividend Aristocrats Index Fund
• Individual dividend stocks like TD Bank, Royal Bank and Canadian National Railways
• RBC Monthly Income Fund
• Fidelity Canadian Balanced Fund
• PH&N Bond Fund