Josef Schachter
Powershares Etf
PGF-N
PAST TOP PICK
Sep 18, 2017
(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.
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.
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.
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.
(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.