iShares S&P/TSX Information Technology Capped (XIT.TO)

XIT-T vs. XLK-N. XIT-T is a market cap ETF. XLK-N is very diversified. XIT-T will be much more volatile. He would choose XLK-N because of diversification. The top has been in place for a while so he would be worried about them both. He would stay away, but choose XLK-N if his arm was twisted.

(A Top Pick August 8/17, Up 29%) It’s done well. CGI is a big holding. Wishes he had more of it.

Canadian high tech companies. The top 4 are 75% of the portfolio. That is a risk. You could just buy the top 4 names individually. We had a massive run in these stocks. There is a fear of missing out. The momentum has cracked a bit in the last few days. Be conscious of the risk when you buy these ETFs.

(Past Top Pick on August 8, 2017, Up 25%) He's holding and adding to it. Includes big companies such as Shopify, and he expects the Canadian tech sector to perform well. There's more risk in this sector, but an investor is safe if it takes up 5% of a portfolio. And he's not excited about Canadian stocks in general now.

A past top pick that he's sticking with. It holds no Canadian pipelines, he jokes. Canada has some good tech companies like Shopify, CGI, Constellation, Blackberry and Open Text. This ETF gets away from the typical Canadian stocks (banks), so this offers diversification.

He sees a nice bullish breakout in February and the pullback is interesting for a possible buy-in. He likes the technology sector and sees this ETF as a good proxy.

Top Picks tonight are Canadian, because there is so much redundancy in the business. Everybody is 30%-40% financials, 15%-20% energy, 15%-20% materials. Tonight, he has picked some alternatives. The only problem with this is that 50% of it is concentrated in 3 stocks. There is added risk to this because of that concentration.

There is not a whole lot in this. It is basically just Blackberry (BB-T). He doesn’t use this. There aren’t a lot of things in this that he finds attractive. Not that much diversification.

This sector is turning into one that is real and investable. He would be there. The sector is working. Technology to him is a dominant theme.

Research in Motion (RIM-T) is about 20% of this ETF and it has 6 other companies. We really don’t have a technology sector in Canada. He would recommend a hedged currency fund, BMO’s NASDAQ 100 (ZQQ-T) which gives 100 tech stocks.