New member, first post.
I recently parted ways with my advisor and am doing research and looking at moving towards an all index portfolio. Still in the early stages, reading up and transferring to a direct investing account, staring at a lot of DSC too! So far I've been reading this forum, couch potato, BG Intelligent Investor and RF Power of Passive Investing. I'm now looking into asset allocation.
My question is regarding asset allocation and ROI Funds. Most of what we own is clearly either stock or bond, Cdn, US or international, but between my wife and I we have significant holdings in LSIF, in particular ROI Funds, a fave of my previous advisor. It's about 15% of our total holdings. The website for ROI indicates that most of the money is invested in 'private placements' or loans to businesses. What kind of asset is a private placement? Is it similar to a high-yield bond?
Since I can't sell these funds for a while without tax implications I need to fit them into my new portfolio. Any input is appreciated. We also have a bit of Vengrowth (now Covington) which and I would be curious how to treat that.