Powershares Etf (PGF)

(Top Pick Sep 6/16, Down 60%) Debt has gone own. He thinks it will come down because they used to have a fantastic oil hedge book and don’t ay more. The question now is not survivability but growth.

(A Top Pick Nov 26/15. Up 2.35%.) Sold this post Trump, and is watching to see where it goes.

IDV-N vs. PGF-N. You will not get capital growth with PGF-N. He would prefer the IDV-N. It has a nice little trend.

(Top Pick Oct. 15/15, Up 8.43%) He would get in again if it got to $18.40.

There are some adverse tax consequences with owning some of the US preferreds, but from a play US preferreds on some of the banks are pretty good. He is lukewarm on preferred shares.

These are defensive names that are working well that you don’t have to worry about too much. Has a really nice long trend going up that is nice and stable. All the top banks in the US and UK. His upside target is around $25. 5.6% dividend yield.

50% US banks and 50% UK banks, best of breed. You have to be mindful of the currency. It has been a steady climber. You can’t totally hedge the US dollar. 5.7% yield.