The Risk Monster Portfolio

The Question: I’m worried my portfolio is too risky - how can I make it more balanced?
Assessment: This is a high-risk portfolio with no bonds and too much exposure to speculative stocks. The mutual funds used here are better choices than the stocks.

Age: 60
Occupation: marketing
Annual Income: $100,000
Level of investment knowledge: modest
Portfolio size: $300,000
Pension: No

Portfolio Notes:

-Owns a 15% stake in the Internet marketing company where she works
-Do-it-yourself investor
-Holds a mix of stocks and mutual funds, no bonds.
-Holdings in her self-directed RRSP and TFSA:

• Alpha Natural Resources
• Bank of America
• Fortress Pater
• Haliburton Co.
• Home Capital Group
• Methanex Corp.
• Nuance Communications
• West Fraser Timber
• Bankers Petroleum
• Fidelity Canadian Large Cap Fund
• Fiera Canadian Small Cap Fund
• Jarislowsky Fraser Canadian Equity