CASH (CASH)

(Top Pick Feb 25/16, Flat) She thinks tax reform will boost profitability in the US as well as more spending of the cash repatriated into the US.

He will always hold cash if he has a tough time finding value. His cash values are elevated today, and it is not uncommon for him to be north of 20% cash. When he finds opportunities, he will invest the money. Right now, stocks are not cheap and there is risk.

(A Top Pick Jan 20/17.) This was kind of a chicken recommendation which worked out quite well. Both the Canadian and US equity markets are looking a little rocky over the next 2 months. You want to be cautious over the next 2 months.

He is very conservative on what can happen to equity markets over the next few months. Yesterday we had the TSE Composite complete a head and shoulders pattern. The downside technical target on that pattern is 14,850. It’s not a huge amount, but it is about a 3.5% drop that you can expect to see in the Canadian equity market over the next few months.

(A Top Pick Jan 29/16.) He was at about 15% cash at that time, and is now at about 5% cash.

(A Top Pick Feb 18/16.) He still has some cash balances, but they are very small, such as 2%-3%.

A lot of people went out to cash before the election based on valuations and then the market ran away on them. Drops this time of year are less frequent than other parts of the year. Don’t move to huge amounts of cash this time of year.

(Top Pick Mar 9/16, Flat) He has 60% cash right now. You want to wait for opportunities. He almost wants the market to crash. He is aiming for 70% cash by month end.

He is 18% cash in his portfolio right now. Probably in 2-3 weeks, he’ll be back to being fully invested. You should have a little bit of cash going into the next few weeks as the odds are that the market might be soft and there might be some opportunities.

(A Top Pick Jan 25/16.) Has reduced his cash to a couple of percentage points.

(A Top Pick Jan 11/16.) The markets in January were down, close to double digits. He went to 25% cash.

There is a lot of uncertainty coming our way over the next 2-3 months, because of what is happening in the US. It could have an impact on Canada as well. It is nice to have some cash in the kitty just in case something should happen in the next 2-3 months with the new Trump president.

(Top Pick Sep 6/16, Flat) Anytime you break $40 or $30 for oil then you buy oil stocks. Every time oil got into the low $50s he got cautious and accumulated cash.

How much to keep in cash the first 100 days of the new presidency. He was in 90% cash on the day of the election. He started buying until he was 90% invested. Most purchases were US financials. He has not been this bullish on the market for a good three years. There is so much low hanging fruit now.

(A Top Pick Jan 19/16.) He is currently fully invested now. There was a basic pull back globally this time last year. He had roughly 50% of his portfolios exposed to equities, with the balance either in cash or hedged. We are in the early stages of a secular, multiyear revaluation of equities, relative to other asset classes.