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." In October, Mr. Lewenza added to his existing position in real estate investment trusts, specifically the BMO Equal Weight REITs Index ETF (ZRE). "We also added to our investment in the Invesco Canadian Dividend Index ETF [PDC], which includes large dividend payers. Both ETFs have been beaten down in recent months, and we believe they will rally once interest rates start to come down. We also bought the BMO Discount Bond Index ETF [ZDB] as a new position. It includes higher-duration bonds, so as yields come down, they should go up."