Opinions
Jim McGovern
iPath DJ-AIG Grains Index
JJG-N
PAST TOP PICK
Oct 03, 2016
$28.330
Stock price when the opinion was issued
E.T.F.'s
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These type of investments are very good diversifiers. This is composed of 3 different agricultural commodities, wheat, corn and soybeans. Soybeans has been the big driver, principally because there is a shortage in Brazil. Wheat is kind of finished, but corn is kind of interesting because we have this kind of El Niño affect coming down the pipe now, creating super hot and super dry in the US. Wouldn’t make it a big position in your portfolio.
E.T.F.'s
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(A Top Pick June 28/16. Down 14.98%.) This was to introduce grains or agricultural commodities into a portfolio, a bet on soybean prices continuing to going up. He cut his position in half. Food stuffs are starting to look very underpriced, especially against financial assets.