fire161007
Dryer sheet wannabe
I am getting close to retiring (next couple months) and am looking for recommendations on a portfolio. Being in Canada, I am looking for recommendations for equities trading primarily on the TSX.
A am about 45 Years old and have an investment portfolio of about $3 Million with an annual after tax spending budget of $100K.
I would like to ideally, not touch the principal and live off dividends and capital gains. I would like to leave behind something for the kids.
I currently have 1/3 invested in Vanguard ETFs (VCE 50%, VFV 25% and VI 25%). Considering adding a Bond ETF like VAB or VSB.
The other 2/3's is individual stock picks consisting of 15% preferred bank shares (for fixed income), 75% equities (50% of which are financial - big 5 banks, 10% industrials, 7% utilities, remaining 8% is mixed between consumer discretionary, consumer staples, health care, high tech, and materials stocks.) and the final 10% is cash. This part of my portfolio is managed by an investment adviser, who I'm considering leaving due to the high fees.
I know I'm heavily weighted in the TSX, specifically in financials, but they have served me well with growth while I was working. As I approach retirement, I would like to simplify thing, maintain a healthy dividend stream but be less volatile.
I am leaning towards a Canadian Couch Potato portfolio based on Vanguard ETFs as explained here: Model Portfolios | Canadian Couch Potato
and here: Couch Potato Portfolio: Introduction
I would be interested in others recommendations and am curious to find out what other Canadian Early Retiree's portfolio's look like. Please share as much about your situation and portfolio as you feel comfortable.
Thanks!
A am about 45 Years old and have an investment portfolio of about $3 Million with an annual after tax spending budget of $100K.
I would like to ideally, not touch the principal and live off dividends and capital gains. I would like to leave behind something for the kids.
I currently have 1/3 invested in Vanguard ETFs (VCE 50%, VFV 25% and VI 25%). Considering adding a Bond ETF like VAB or VSB.
The other 2/3's is individual stock picks consisting of 15% preferred bank shares (for fixed income), 75% equities (50% of which are financial - big 5 banks, 10% industrials, 7% utilities, remaining 8% is mixed between consumer discretionary, consumer staples, health care, high tech, and materials stocks.) and the final 10% is cash. This part of my portfolio is managed by an investment adviser, who I'm considering leaving due to the high fees.
I know I'm heavily weighted in the TSX, specifically in financials, but they have served me well with growth while I was working. As I approach retirement, I would like to simplify thing, maintain a healthy dividend stream but be less volatile.
I am leaning towards a Canadian Couch Potato portfolio based on Vanguard ETFs as explained here: Model Portfolios | Canadian Couch Potato
and here: Couch Potato Portfolio: Introduction
I would be interested in others recommendations and am curious to find out what other Canadian Early Retiree's portfolio's look like. Please share as much about your situation and portfolio as you feel comfortable.
Thanks!