Back on March 5th, I mentioned a proposed portfolio my advisor and I were working on. We finally came to an agreement on my allocation and what to buy, and this is what I bought on March 10, 2006:
|RRSP holding||Type||Account %|
International Stock Fund
|Canadian TSX60 index||Canadian Large Cap||33.7%|
|Canadian Small Cap||3.8%|
|TD Canadian Bond Fund||Fixed Income||25%|
The percentages don’t work out to nice even numbers because we took my advisors original numbers for the equities and multiplied them by 0.75 to make up the equity component of my 75-25 equity-bond split. We will find some nice round numbers to target eventually and then rebalance around those as need be.
You will notice two major differences between what my advisor had originally proposed, and what we ended up getting. The Canadian Energy Index is absent and the TD Canadian Bond Fund is in there as a significant fixed income component. The only change I wanted but I didn’t get, was the use of the Rydex Equal Weight ETF (RSP) instead of CI Value Trust. He seemed to really want to go with that so I let it be. He is interested in RSP though and will look into it some more. He felt it was not much different from a mid-cap index like MDY. If you look at a past performance comparison between MDY and RSP (before dividends) they look pretty similar.
Costs: I paid $75 commision (advised trade to get the iUnits S&P/TSX 60 ETF) and $0 for the mutual funds. As I said in a previous post, mutual funds at Clearsight are all essentially no-load because they buy front-load funds and charge no front-load sales charge.