Stockchase Opinions

David Cockfield IShares Core S&P US Total Market XUU-T TOP PICK Apr 18, 2019

Covers the broad U.S. market. If you're chicken about the market, this is a simple, low-risk way to play America.
$29.700

Stock price when the opinion was issued

E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

COMMENT

This drills down past large caps into micro caps, small caps, etc. If you want to be in this market, this is fine, but he is holding back from them because it is still a “large cap market” as far as he is concerned.

COMMENT

For a long-term investment, iShares Core S&P US Total Market (XUU-T) or iShares S&P 500 Index (XUS-T)? This has largely been a large cap recovery. He also likes the mid-caps. As the US recovery continues, that benefit is going to spread to the smaller caps. Right now he likes the US version. Just coming out of their recovery, he would be more going into the large caps as he has done in the past. However, he is fine with these.

TOP PICK

Has developed more of a liking for the broader market, rather than the low volatility US stocks they used to hold.

BUY
XUU vs. XSP to play the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
PAST TOP PICK
(A Top Pick Oct 05/18, Up 6%) Good exposure to the US. We're in a period where the US market has outperformed the Canadian market.
DON'T BUY
American stocks with high valuations and expectations. Compare this to Asian stocks, there's much lower expectations, so it's better to look there. Ex-USA is his bias.
HOLD

Good investment for long term, but could be risky buying right now (high valuations). Would recommend holding. 

BUY

It holds large, mid and small caps and goes outside the S&P 500.