Young investor needs to stop reacting to market swings
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This week's patient wonders if her portfolio meets her goals of having kids in the next two years, as well as buying a home and saving for retirement. The Globe's personal finance columnist Rob Carrick and investment adviser at Scotia McLeod Andrew Pyle take a look
The Guesswork portfolio
The Question: Will my portfolio meet my goals of having kids in the next two years, as well as buying a home and saving for retirement?
Assessment: Great job of saving for a young adult, but the portfolio needs some exposure to bonds and less buying and selling in reaction to market ups and downs.
Annual Income: $72,000
Level of investment knowledge: modest
Size of portfolio: $140,000
Asset Mix (RRSP, TFSA, unregistered savings):
Broad-based equity funds 47%
Sector funds or stocks 14%
- TD Canadian Equity Fund
- Savings accounts used to hold cash
- Vanguard Total Stock Market ETF
- iShares S&P/TSX Energy Index ETF
- Royal Bank of Canada common shares
- PowerShares FTSE RAFE US 1000 Portfolio
- Vanguard Emerging Markets ETF
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