greetings, I am about to change my LIRA into a LIF and my RRSP into a RRIF. This money comprises 25% of our total holdings. Both LIRA and RRSP consist primarily of MAW100, Canadian Bond Fund (distribution yield 1.94% Yield to Maturity 1.7% MER 0.74). The Mawer advisor says that i should maintain my current investment allocations for my risk profile and stay with bonds. How low will bonds go?
I notice however that Vanguards VAB (distribution yield 4.07% dividend yield 2.77% MER 0.13) essentially tracks MAW100 for past several years.
Am thinking to switch LIRA/RRSP from Mawer to my TD WebBroker trading platform so I can self direct the RRIF/LIF using VAB and perhaps similar low risk ETFs…thoughts?
I have a “cash bucket” with 3 years living expenses already so could perhaps purchase somewhat higher risk ETFs for RRIF. But not sure if i need to take undue risk.