We might dare to say Canadians have way too much exposure to banks
A few weeks ago, our company 5i Research launched a new portfolio analytics service, allowing customers to ascertain their investment goals, income needs, risk parameters and other factors, and to determine whether their current portfolio is set up properly to meet these personalized goals. Whether it is for a ‘second opinion’ on a broker-advised portfolio or someone who is a true ‘do it yourselfer’, many investors simply need some more advice in how to set up a portfolio properly.
Too many small and insignificant security positionsWe get it, no one likes to take a loss. But is there any point in keeping a 0.3 per cent position in a stock in your portfolio? Think about it: That stock could quadruple and its impact on your portfolio wouldn’t even be more than six months’ worth of dividends on some companies. And — admit it — you know it’s probably not going to quadruple. Sell your losing, small positions. Clean up your portfolio, take a tax loss, and buy something better.
No consideration of pensionThis a common problem we see. Many investors, lucky for them, have solid pension plans. Yet many fail to consider this when they are setting up their portfolio’s asset allocation mix. We can argue that, with a solid pension covering most if not all of your ongoing spending needs, an investor might not need any fixed income exposure in their portfolio at all.
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