Wealth

Defensive Portfolio

It’s been a rough couple of weeks for investors, with markets sinking like a stone. So here are some tips on how to protect your retirement nest egg. First make sure you’re following an old rule of thumb: subtract your age from a hundred. That’s the percentage you should have in stocks. Gavin Graham of the Guardian Group of Funds recommends a special type of stock.

“Whatever percentage you want to have in your portfolio, in stocks, should be in dividend paying stocks as a baby boomer. Things like Utilities, the Pipelines, TransCanada and Enbridge…things like the integrated oil companies like Imperial Oil and PetroCanada and Husky and SunCorp…these are companies that keep on raising their dividends, year in year out.”

Canadian banks also have healthy dividends, but it’s financial stocks that caused the market to drop in the first place.

“You don’t need to be a hero and go and start buying Canadian banks now, but in a few months time when things have settled down, it would be worthwhile looking at some of them. In the meantime, put your money in the bank – you’re still getting around 4%, which is pretty decent.”

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