2 Recent Buys – XGRO, RNX

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A quick update on a couple of purchases in our portfolios.

First purchase was same transaction repeated in two different portfolios – one in Mrs R2R’s RRSP, and the other in Baby R2R’s RESP account. For these portfolios, I follow a index investing approach and lately I’ve been thinking of moving to a simpler multiasset portfolio holding. I recently previewed the multiasset ETF options available in Canada. Based on that review, I decided to initiate a position in iShares Growth ETF Portfolio (XGRO.TO). This follows a 80/20 stock/bond approach and provides a one-stop passive investing approach providing global exposure. This was a small initial investment and over the months, I will continue buying regular amounts dollar cost averaging & building a full position. I still hold some bond positions that exist in these accounts and will leave them there for now until I am happy with the XGRO position & then sell those to go to a simple one-fund holding.

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Outlook for March 2019

The stock market sure has roared back to life since the dip in December 2018. Quarterly & annual earnings season is in full swing, and while some companies have beat the low bar previously set, a lot of companies are guiding down for the coming quarters.

On the central bank front, the Fed seems to be caving to the market pressure and signaling that the rate hike is done for this cycle. There are some market indications that we may have one more raise, but thats it. It will be interesting to see where things go from here. Meanwhile in Canada (where I am based), the BoC is following suit and also signaling the end of rate hike cycle. Again, I remain vigilant on this front in the coming weeks/months.

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