duplicating WealthSimple portfolio in Margin account?
I'd like to duplicate the Wealthsimple Growth portfolio in our margin account (we're maxed out on other account types such as TFSA, RSP, etc, and have a fair chunk of money that we want to invest). Because it's in our margin account, we want to minimize the tax implications of any distributions, while still going with low-fee ETFs. My wife is 57 years old and I'm 47.
The portfolio holds ETFs in various sectors (EAFE, emerging markets, US, Canada, bonds, etc). I see a number of ETFs that we could buy for each of these from the various ETF companies. My impression, though (and this is where I'm hoping for some guidance) is that the Horizons ETFs would be best for margin accounts because they don't do any distributions (and seem to have lower MERs that some of the other comparable ETFs from Vanguard, iShares, etc). Is that correct?
My proposed portfolio is as follows:
15% XEF (EAFE)
10% XEC (Emerging markets)
22.5% HXT (TSX equities)
20% HXS (US equities--S&P 500)
12.5% XSH (short-term Canada corporate bonds)
7.5% HBB (mid-term Canada government bonds
12.5% XSP (CAD-hedged S&P 500)
I'm open to (constructive) critiques of this proposed portfolio. Thanks!
The portfolio holds ETFs in various sectors (EAFE, emerging markets, US, Canada, bonds, etc). I see a number of ETFs that we could buy for each of these from the various ETF companies. My impression, though (and this is where I'm hoping for some guidance) is that the Horizons ETFs would be best for margin accounts because they don't do any distributions (and seem to have lower MERs that some of the other comparable ETFs from Vanguard, iShares, etc). Is that correct?
My proposed portfolio is as follows:
15% XEF (EAFE)
10% XEC (Emerging markets)
22.5% HXT (TSX equities)
20% HXS (US equities--S&P 500)
12.5% XSH (short-term Canada corporate bonds)
7.5% HBB (mid-term Canada government bonds
12.5% XSP (CAD-hedged S&P 500)
I'm open to (constructive) critiques of this proposed portfolio. Thanks!