Hap (Robert) Sneddon FCSIPowershares EtfPGFTOP PICKNov 26, 2015

(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.

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.