I am trying to help my father pick out a diverse portfolio that he can put a portion of his money into. He is unhappy with his mutual funds and would like to transfer over 30k now with the potential for investing an additional 50k that will come from other sources later in the year.
My idea is to select companies that my Dad knows and can understand, I am not interested in putting in tech stocks or complicated bio-med companies. Brands he knows and loves and have been that way for a very long time is the idea, like having lunch at MCD with a large KO, then go for a walk around CTC with a THI in his hand looking at DE, I think that is a perfect day for him
Some additional information:
He is mid 50s with a solid chunk of his investment into his primary residence.
This money is already in RRSP and will stay registered.
He has no consumer debt.
He will have a pension with 35 years in in the next 10 years from the post office.
I would like to hear peoples opinion about this portfolio as well as what they believe are good buying points. We have the time to do this wright so can wait for certain securities.
Please let me know if there are any dogs in the bunch you would stay away from.
Oil & Gas: SU
Rail Road: CNR
Health Care: JNJ
Agriculture: DE, POT
Consumer Goods: KO
Food: THI, MCD