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Doug S
Lv 4
Doug S asked in Business & FinanceInvesting · 1 decade ago

Can anyone give me some ideas to diversify my RRSP to include holdings outside of Canada and the US?

I have about $10K to work with in a self-managed RRSP. I'm comfortable doing Fundamental Analysis of Oil & Gas companies or Mining companies. I'm also comfortable with basic Technical Analysis techniques. I hope to find something that returns 15% or better per year.

Thanks for your ideas!

2 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    I don't have specific stock recommendations, but have you looked at iUnits? They're exchange traded funds that I believe give you exposure to the US market while not violating the foreign holdings rules of RRSP accounts. iUnits are managed by a division of the largest ETF provider in the US (Barclays) and are similar to their US counterparts, iShares. Of course, these aren't likely to return 15% EVERY year, but they do offer less risk than individual stock holdings.

    Good luck!

  • 1 decade ago

    If you want to invest in foreign investment you should consider Segregated (Seg.) funds which allows invest 100% in foreign investments.

    Companies like: CI Funds, TD Asset Management, RBC Insurance offers seg. funds.

    other benefits:

    Principal guaranteed: offers 75% or 100% deposit guaranteed term of 10 year on maturity date. You could withdraw any time at market value.

    Death Benefit: when annuitant dies, the named beneficiary will receive guaranteed amount

    Estate preservation: Probate is a public process that can be costly. In effect, probate fees act as an actual tax on the estate of the deceased.

    Seg. funds allow bypass the probate fees.

    Potential creditor protection in case of bankruptcy.

    In case of bankruptcy, creditors

    This funds offered by insurance broker.

    Source(s): I am Insurance broker
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