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Monique is 65 years old and has just retired. She is single and she does not have any dependents. She has an RRSP valued at
Monique is 65 years old and has just retired. She is single and she does not have any dependents. She has an RRSP valued at $875,000 and a non-registered investment portfolio valued at $460,000. During retirement, Monique will draw a modest income from her registered plan which, in addition to her government and employer-sponsored pensions, will be sufficient to meet her modest lifestyle needs. Her RRSP assets are invested in Government of Canada bonds and GICs. Her non-registered investments range from blue chip common stocks (80%) to small cap stocks (20%). Over the years, her investment decisions have resulted in some losses but Monique recognizes that negative returns are a part of investing. She faithfully reads a variety of business publications and has taken several financial planning courses. Now that Monique is retired, she will have even more time to manage her portfolio. To take advantage of rising oil prices, Monique wants to invest $50,000 in the shares of a major oil producing company in her non-registered account. If you were Monique's advisor, what would you tell her
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