Kiyo Masui, 26, is completing his Ph.D. in astrophysics at the University of Toronto and plans to buy his first home in eight years. Masui already has $20,000 in his Tax-Free Savings Account and expects to add $5,000 annually to save for the down payment. He asked us to recommend an appropriate portfolio for this goal, taking into account his preference for ethical investments. Here’s our suggestion:
The iShares ETF holds Canadian companies with strong social and environmental records. Masui should gradually increase the proportion in the bond ETF until it reaches 100% in eight years.