Don’t forget there’s risk involved
Investors are always being told to diversify. But what exactly does that mean? A knowledgeable financial advisor can put together a well-diversified portfolio, tailored to the client’s needs. But if you want to do it yourself, it can be a challenge.
If you want an all-stock portfolio, you could theoretically limit yourself to a single ETF that invests in markets around the globe. One example is the BMO MSCI All Country World High Quality Index ETF . It trades on the TSX under the symbolThe managers screen global markets for stocks that have a high return on equity, stable year-over-year earnings growth, and low financial leverage.
The bottom line is that I couldn’t find a single fund that would do the job. I suggest a portfolio needs a minimum of three. One should track the TSX Composite . The other two should cover the S&P 500 and EAFE . The allocation depends on how much exposure you want to each market. I suggest investing 50 per cent in the S&P 500 and 25 per cent in the other two.
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