Larry Berman CFA, CMT, CTA
Member since: Jul '02
Chief Investment Officer, Partner at
ETF Capital Management Inc.
ETF Capital Management Inc.
3422 Opinions
Latest Top Picks
Long term, coming out of this, we will get a global reset here. He wants to go to places that are not burdened by tremendous debt and have young populations with runways of economic growth as people age. The developed world's populations are old.
Parts of sub-Sahara and the Middle East. It is a notch below the emerging markets. You get exposure including banks, telecom and construction. There is a lot of risk and currency exposure.
The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.
It is on his shopping list. Don’t buy today. This is global clean energy. This is good for 10-20 years and will be part of global growth. He likes it at $8 or better.
The young people in emerging markets is where global growth this coming from in the next few years. Don't buy here, do it at recent lows or lower.
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Opinion
Expert
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July 3, 2020
Market. There is going to be a moment where the markets realize there is not going to be a 'V' and we are still in wave one and there is going to be a wave two. Right now it is all about the Fed and all the money they are throwing at it. He is bullish technology, however.
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Market. There is going to be a moment where the markets realize there is not going to be a 'V' and we are still in wave one and there is going to be a wave two. Right now it is all about the Fed and all the money they are throwing at it. He is bullish technology, however.
COMMENT
COMMENT
July 3, 2020
They are suing Cineworld. He does his road shows in CGX's theatres. It will be some time before people will feel safe crowding into a theatre.
Show full opinionHide full opinionThey are suing Cineworld. He does his road shows in CGX's theatres. It will be some time before people will feel safe crowding into a theatre.
other services
BUY
BUY
July 3, 2020
He likes the covered call type strategies. We have mostly cannabis in healthcare in Canada so you need exposure globally to healthcare.
Show full opinionHide full opinionHe likes the covered call type strategies. We have mostly cannabis in healthcare in Canada so you need exposure globally to healthcare.
E.T.F.'s
DON'T BUY
DON'T BUY
July 3, 2020
We are past the 'best-before' date and core investments in energy are going to be less and less for institutions and individual investors. You want to wait and see what a second COVID wave will look like as we get into the flu season. The futures curve points back to $50 in 2027. There will be challenges in the sector. He does not feel it is investible.
Show full opinionHide full opinionWe are past the 'best-before' date and core investments in energy are going to be less and less for institutions and individual investors. You want to wait and see what a second COVID wave will look like as we get into the flu season. The futures curve points back to $50 in 2027. There will be challenges in the sector. He does not feel it is investible.
oil/gas
COMMENT
COMMENT
July 3, 2020
Percentage of Canadian Banks in your portfolio. 25% of the TSX is banks. In a taxable account you want the benefit of the dividend tax credit. In a registered acount, you don't need to focus on Canada. 25% of your Canadian exposure should be banks. This is if we DON'T go to negative interest rates.
Show full opinionHide full opinionPercentage of Canadian Banks in your portfolio. 25% of the TSX is banks. In a taxable account you want the benefit of the dividend tax credit. In a registered acount, you don't need to focus on Canada. 25% of your Canadian exposure should be banks. This is if we DON'T go to negative interest rates.
BUY WEAKNESS
BUY WEAKNESS
July 3, 2020
ETF Recommendation for Growth and Income for a 70 year old. He pointed out that this is part of financial planning where one figures out how much capital gain and how much dividend you need to live on, as well as to determine how much risk you are comfortable with. It is not as simple as recommending an ETF. Cyber security is an area he really likes. CYBR-T is an ETF that covers this. This sector has tripled in a year and a half. One would have to be able to handle the ride in this stock. You would have to buy the dips. This will not be a good dividend payer, however.
Show full opinionHide full opinionETF Recommendation for Growth and Income for a 70 year old. He pointed out that this is part of financial planning where one figures out how much capital gain and how much dividend you need to live on, as well as to determine how much risk you are comfortable with. It is not as simple as recommending an ETF. Cyber security is an area he really likes. CYBR-T is an ETF that covers this. This sector has tripled in a year and a half. One would have to be able to handle the ride in this stock. You would have to buy the dips. This will not be a good dividend payer, however.
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July 3, 2020
Educational Segment. On-line Brokerages. A 20 year old guy was trading spreads and miss-read his on-line statement and felt he had made a colossal mistake and he committed suicide. Larry looked at rates of opening new accounts with on-line brokerages in the US, which have spiked during the COVID shut-in. He is worried about people doing crazy things – it's like a drug. People should need to take a course before being allowed to open a discount brokerage account. He would encourage viewers to take a look at his YouTube Channel.
Show full opinionHide full opinionEducational Segment. On-line Brokerages. A 20 year old guy was trading spreads and miss-read his on-line statement and felt he had made a colossal mistake and he committed suicide. Larry looked at rates of opening new accounts with on-line brokerages in the US, which have spiked during the COVID shut-in. He is worried about people doing crazy things – it's like a drug. People should need to take a course before being allowed to open a discount brokerage account. He would encourage viewers to take a look at his YouTube Channel.
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June 26, 2020
Market. They've made COVID-19 a real political hot potato. The market has not priced in Trump NOT being the president after the election. You should take a more cautious approach in managing your investment portfolio. Be cautious when things are a little illogical.
Show full opinionHide full opinionMarket. They've made COVID-19 a real political hot potato. The market has not priced in Trump NOT being the president after the election. You should take a more cautious approach in managing your investment portfolio. Be cautious when things are a little illogical.
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June 26, 2020
Negative interest rates. He does not think we will get to negative interest rates. That would be catastrophic. The Fed does not want to see negative interest rates. Interest rates will, however, be glued to zero for some time. In the next couple of years, longer term rates will tend toward zero.
Show full opinionHide full opinionNegative interest rates. He does not think we will get to negative interest rates. That would be catastrophic. The Fed does not want to see negative interest rates. Interest rates will, however, be glued to zero for some time. In the next couple of years, longer term rates will tend toward zero.
HOLD
HOLD
June 26, 2020
This is long treasury bonds. They are the safest yields in the world. He sees the ten-year tending toward zero yield. There is still more to go on this ETF.
Show full opinionHide full opinionThis is long treasury bonds. They are the safest yields in the world. He sees the ten-year tending toward zero yield. There is still more to go on this ETF.
E.T.F.'s
COMMENT
COMMENT
June 26, 2020
When you have written away the upside to get the higher yield, you give away some of the upside as in ZWC-T. If the market will be sideways then this a good holding.
Show full opinionHide full opinionWhen you have written away the upside to get the higher yield, you give away some of the upside as in ZWC-T. If the market will be sideways then this a good holding.
E.T.F.'s
STRONG BUY
STRONG BUY
June 26, 2020
On average he expects to have half the portfolio long and half looking to buy great stock at a lower price and writing puts to do so. It is the biggest holding in all of his portfolios.
Show full opinionHide full opinionOn average he expects to have half the portfolio long and half looking to buy great stock at a lower price and writing puts to do so. It is the biggest holding in all of his portfolios.
E.T.F.'s
DON'T BUY
DON'T BUY
June 26, 2020
Canadian Oil Outlook for Mid-Cap Sector. There is massive political risk because the current government does not support pipelines. Because of climate change, the world is moving more and more away from oil. The next decades will see less and less demand relative to supply. The sector is not investible but probably tradable.
Show full opinionHide full opinionCanadian Oil Outlook for Mid-Cap Sector. There is massive political risk because the current government does not support pipelines. Because of climate change, the world is moving more and more away from oil. The next decades will see less and less demand relative to supply. The sector is not investible but probably tradable.
BUY
BUY
June 26, 2020
ETF covering FANG stocks Exclusively? The big six names in tech are 30% of the index. You might go to the stocks directly. You may want to avoid FB-Q for now, for example. Cloud Computing ETFs might be a way to go.
Show full opinionHide full opinionETF covering FANG stocks Exclusively? The big six names in tech are 30% of the index. You might go to the stocks directly. You may want to avoid FB-Q for now, for example. Cloud Computing ETFs might be a way to go.
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June 26, 2020
Quantitative Easing vs. Debt Monetization. The difference is time frame. QE is temporary. However he thinks the Fed will never be able to unwind the balance sheet. Debt Monetization is permanent. Essentially they have to print money.
Show full opinionHide full opinionQuantitative Easing vs. Debt Monetization. The difference is time frame. QE is temporary. However he thinks the Fed will never be able to unwind the balance sheet. Debt Monetization is permanent. Essentially they have to print money.
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