iShares S&P Global Industries Index Fund (XGI-T)

Global industrial ETF, hedged. Industrials have generally outperformed over two years but have been parallel to VT-N for about 6 months. When we go into recession these will turn down. You are chasing it a bit here and he would prefer to be more defensive.

(A Top Pick July 4/13. Of 26.14%.) Likes things that are inflation plays, but this is one that doesn’t necessarily have to have inflation to do well. A good diversity for 4 things that you traditionally have in your portfolio. Very heavily weighted towards North America. Still likes.

(A Top Pick June 18/13. Up 22.55%.) We have top down investing where an analyst is going to look at the big picture. Then we have the bottom-up investing where an analyst is going to look at individual companies. Neither of these can see each other, so you have to get right in the middle. The objective here is to find upcoming trends in the marketplace. A year ago, he saw an improving economy, and the industrial sector would be doing very well.

Hard assets as tangibles have been beaten up pretty severely in the 1^st half of 2013. This is the most conservative of his 3 Top Picks. Has gone sideways for the past little while. Although it says global, it is about 80% North American. This is about building new roads, new bridges, etc.

This is drawn from the 1200 global industrial companies. Have good companies in here.