The Globe and Mail reports in its Saturday edition that Ryan Lewenza is optimistic for stocks and bonds in 2024. The Globe's Brenda Bouw says the self-described "asset allocator" at Raymond James in Toronto only buys exchange-traded funds. "We focus on building balanced and globally diversified 60:40 [stocks: bonds] portfolios using only ETFs. We start from the premise that it's hard to beat the market," Mr. Lewenza says. "Not even Warren Buffett does it consistently. So, we buy the market using low-cost ETFs. We tell our clients that we're trying to hit singles and doubles versus going for home runs. We don't promise the world. Instead, we target a consistent return of 6 per cent annually." His bond investing approach has shifted recently. "We've been investing in short-duration bonds for the past couple of years. Then, about a month ago, we switched to a long-term bond ETF, specifically the BMO Discount Bond Index ETF (ZDB). We bought it when the benchmark U.S. 10-year Treasury yielded 5 per cent. We thought the yield was too high, and it was time to move to long-term bonds. We're already up about 9 per cent on that investment. We also included floating-rate bonds about two years ago and played the ride-up."