Opinions by Larry Berman CFA, CMT, CTA | StockChase
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Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner

ON STOCKCHASE SINCE Jul 2002

ETF Capital Management Inc.
5160 Yonge St. Suite 1860Toronto, ONM2N 6L9
T: 888-383-9753 F: 888-383-9753
www.etfcm.com


Opinions by Larry Berman CFA, CMT, CTA


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2017-10-02

N/A
A Comment -- General Comments From an Expert 

Bitcoin.  Governments don’t control it.  He believes we are moving to electronic-only currencies globally.  He does not think governments will allow alternative currencies with unlimited amounts in circulation.  Electronic currency gets rid of the gray economy.  GBTC-N is a speculative instrument. 

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

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2017-10-02

N/A
A Comment -- General Comments From an Expert 

He has been cautious for a year and a half.  There are defensive things you can do.  He runs portfolios with half the risk of the general market using covered call strategies, for example.  Make sure you are globally diversified.  Don’t sit in cash and wait for a pullback.  It may be 2019 before we get a pullback. 

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

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2017-10-02

N/A
A Comment -- General Comments From an Expert 

Educational Segment.  (weekly series) What Investor Personality Are You?:  4. The Independent.  A lot of behavioral learning has been incorporated into the body of knowledge.  The independent is a BNN watcher, reads the paper and is interested in being involved in the investing.  These investors are susceptible to a self attribution bias – they take credit if it works and blame the other guy if it doesn’t.  It causes portfolios to be concentrated.  They should focus on diversification. 

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

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2017-10-02

BUY on WEAKNESS
Alimentation Couche-Tard (B) (ATD.B-T)

MRU-T will sell some of their 10% holding in ATD.B-T in an orderly way.  The stock price leveled out over the last couple of years.  He would like it if it pulled back a little.  The forward looking PE is 17, a little high.  He would not buy it today while this M&A is going on.

food stores
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $57.830
Owned: Unknown

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2017-10-02

HOLD
Husky Energy (HSE-T)

Oil is probably $50 plus or minus $10 for some time.  HSE-T over the last year peaked when oil was in the mid-$50s.  It is priced for $50 oil at present.  We are in the middle of its trading range.  He has been lightening up a little on oil recently.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $15.580
Owned: Unknown

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2017-10-02

COMMENT
BMO US Put Write Hedged to CAD (ZPH-T)

ZWE-T vs. ZPH-T.  ZPH-T is the put write strategy.  If we have an acute sell off, both will lose a little money.  If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income.  He recommends having a bit of both in order to diversify.  Europe is a bit more attractive over the next couple of years.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $19.700
Owned: Unknown

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2017-10-02

WAIT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Equal weighted Canadian bank covered call strategy.  Banks should settle into a trading range over the next couple of years so buy low and sell high.  Wait until it pulls back.  You could trim your position right now.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.850
Owned: Unknown

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2017-10-02

COMMENT
BMO Europe High Dividend Covered Call Hedged to CAD ET (ZWE-T)

ZWE-T vs. ZPH-T.  ZPH-T is the put write strategy.  If we have an acute sell off, both will lose a little money.  If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income.  He recommends having a bit of both in order to diversify.  Europe is a bit more attractive over the next couple of years.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $22.140
Owned: Unknown

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2017-09-25

N/A
A Comment -- General Comments From an Expert 

Markets.  Trump was not focused on North Korea over the weekend in Tweets.  But North Korea is suggesting that previous tweets were a declaration of war.  Markets have dropped slightly.  At some point the market wakes up.  In Germany, Merkel was re-elected but with fewer votes.  The Euro has dropped.  Governing in Germany is going to me more difficult.  Eventually the European project starts to break apart.  The risk factor is there.  Unwinding of countries’ balance sheets is another market risk present.  Caution should prevail in the markets right now.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
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2017-09-25

WATCH
A Comment -- General Comments From an Expert 

Lithium ETF Recommendation.  LIT-N has had a great run up and is tremendously over bought.  He would wait for a pull back into the low $30s before buying.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: Unknown

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2017-09-25

BUY
A Comment -- General Comments From an Expert 

Fang Stocks ETF Recommendation.  FNG-N.  See his educational segment today.  When we go into ‘Risk Off’ you will see a lot of profit taking happening.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: Unknown

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2017-09-25

BUY
A Comment -- General Comments From an Expert 

Sleep At Night Portfolio.  He nick-named the portfolios he began running for BMO-T about 4 years ago.  He still believes in these very much. 

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: Yes

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2017-09-25

WATCH
A Comment -- General Comments From an Expert 

ETF in AI Category.  BOTZ-N and ROBO-N.  They have had a phenomenal run up and are probably over done a bit at this point.  Japan has a significant weight.  It will be an investment theme for decades to come.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: Unknown

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2017-09-25

N/A
A Comment -- General Comments From an Expert 

Educational Segment.  (weekly series) What Investor Personality Are You?:  3. The Follower.  Typically are interested in markets but don’t know a lot and are most interested in looking for a ‘tip’.  Their portfolios don’t have a lot of construction or diversification.  They suffer from regret aversion and hindsight bias.  They won’t make a lot of their own decisions.  The FANG stocks have a lot of these.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

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2017-09-25

WATCH
iShares 1-5 yr Ladder Corp Bond ETF (CBO-T)

A laddered bond portfolio.  He likes it.  Each ETF provider’s version has had bad performance over the last few months because short term yields are seen as rising.  The risk is if the BOC is more aggressively tightening.  You want to wait until after the next announcement when there may be another pull back and then perhaps get in.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.500
Owned: Unknown

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1 Comment

raziel

April 3rd 2015 at 5:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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