Three ETFs to hold for retirement

Robo-advisory firm WealthBar's co-founder picks an equity fund and two fixed income funds.

Ruth Saldanha 10 October, 2018 | 5:00PM

For investors looking to save for retirement, robo-advisory companies are gaining favour due to low costs. Many robo-advisors calculate an investor's risk tolerance and based on that, build up a portfolio of exchange-traded funds.

So how do robo-advisory firms build portfolios for retirement?

"Sometimes for older investors, especially the ones that are close to retirement, we tend to minimize volatility and we try to reduce that volatility drag on their growth, because they are going to start seeing less and less contributions to their portfolio, potentially even withdrawals in the early retirement age, and we want to make sure that the current market volatility isn't affecting their lifestyle and their bottom line," says Tea Nicola, co-founder and CEO of Vancouver-based robo-advisor WealthBar Financial Services.

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Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca