Stockchase Opinions

Richard Croft iUnits Govmnt 5 yr Bond XGV-T BUY Feb 16, 2005

Not a bad investment for an individual. Very safe. It's about as close as you can get to cash.
$28.920

Stock price when the opinion was issued

E.T.F.'s
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BUY
These I units are a call on interest rates, particularly Canadian. Not very bearish on Canadian interest rates. Doesn't expect the 5-year rates to move substantially, so probably a safe investment for now.
DON'T BUY
Feels there is risk in the bond market.
DON'T BUY
What you should look at is a chart of yields. Short term yields are going higher. Look for a pull back to at least the last low before buying.
COMMENT
If you're going to go in bonds, stay short. There will be more interest rate hikes.