ETFs that limit losses in an investment portfolio: are they for real? Apr 6th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Why are stock markets rising? Apr 8th

It’s hard to believe that the first quarter of the year is already finished, but it’s even harder to fathom just how far away the last three months of 2018 now seem. You may have already forgotten, but between October 3 and December 24, global stock markets plummeted, with the S&P 500 fallin.... More »

Beyond financial planning: How to achieve the lifestyle you want + MORE May 25th

Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings. Because all money went to debt repayment, I’ve never really i.... More »
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Why you didn’t even get a nibble of Beyond Meat’s sizzling IPO May 13th

To get first crack at an initial public offering, you need to be a wealthy investor working with a leading broker at one of the underwriting firms, writes Gordon Pape..... More »

Businesses and Pest Management + MORE Jun 26th

Paying off the mortgage is crucial for growing your wealth! The Ins and Outs of Running a Business No one ever said that running a business was a simple thing. It’s actually the opposite of simple. If you want to soar as an entrepreneur in this world, then you have to put a lot of thought into.... More »
Q. We would like to find a product that will offer good, solid downside protection. I purchased the Invesco S&P 500 Downside Hedged ETF (PHDG), but I’m not sure if just leaving it in our portfolio is a good idea. We have a small account and never use stop losses, so we need a good product.
— Rena
A. “Downside protection” sounds like a wonderful thing. Investors embrace risk during periods of strong returns in equities, but they run away from it when the stock market turns volatile. Finding a strategy or fund that captures most of the upside while significantly limiting losses is obviously appealing. Unfortunately, Rena, it’s fantasy.
Not that there’s any lack of advisors or products making that promise. The ETF you are using, the Invesco S&P 500 Downside Hedged ETF (PHDG), is one of these. The fund’s literature says it “seeks to achieve positive total returns in rising or falling markets,” and who wouldn’t be happy with that? The ETF’s strategy is to buy some combination of the stocks in the S&P 500 Index and futures contracts tied to the CBOE Volatility Index, nicknamed the VIX…

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