He just bought a lot of this and likes tech, especially those that grow by acquiring like OTEX. It's been good at finding additional products to include in their packages. He likes this for the long-haul. Tech is a safe space in the coming 12-18 months. Canadian tech is cheaper than the U.S. FAANGs, though he owns Netflix and Disney.

(A Top Pick Oct 02/19, Up 45%) There's room to own both this and Disney, which has worked out well for him. The quality of content on both streamers is phenomenal and they're global.

Ranks after TD and Royal as a bank. They're in some emerging markets that make him cautious.

TD his other big bank holding, but JPM has outperformed it. It's held up. They've invested tens of billions in technology. A better management culture than its peers, like Citi. He doesn't expect a US recession. (Analysts’ price target is $139.27)

They're a tech company, not financial, and strong in tech. You can still get in now. They're fantastic at claims processing. They have a big edge over Mastercard. Visa won't be hurt by fintech. (Analysts’ price target is $226.31)

It's his biggest bank holding, which he considers a North American bank. All Canadian banks have suffered from low interest rates; they're rangebound. But he's sticking with this, because the US economy is still sound where TD has half its business. TD acquired US companies at a good price. 18 months from now, TD will be much higher. He also like JPM.

A big holding for him. BAM is the top Brookfield stock and has phenomenally grown in recent years. There's even more room to grow in real estate, infrastructure and private equity. They are alternate investments for folks like pension funds which appeal to them because these funds are more than super-safe bonds. A core holding.

(A Top Pick Apr 15/19, Up 30%) It's become a consolidator (which he prefers to a roll-up), because being a consolidator gives Boyd a platform for acquisitions and reduces overall costs. Boyd is a go-to to consolidate tens of thousands of auto body shops. They will expand to the U.S. as a stock, which is okay to hold in an RRSP but not a taxable account.

He owns PWF instead, which pays a slightly higher dividend. POW is a solid company that's grown for a long time. The generation that's inherited that company may lack the drive of the founder but they are operating  steadily. Worth holding onto, a buy-and-hold.

Will we see a repeat of the sharp December 2018 pullback? Possibly, but unlikely. There'd have to be a combination of forces that spook the market, like the trade deal, Brexit, etc. If there was a pullback, it would be weaker than Dec. 2018. He expects a calm Christmas.

They will benefit from the trade wars because they do shipping logistics. Will also benefit from Brexit woes. A major holding for him. There are many companies for them to buy and they are good at it.

Worries about telcos--lots of talk in the election about high telco rates. Canadians still pay a lot. He's tiptoeing away from telcos which may have regulations and come off.

He made good profits then sold when it got pricey. He got worried that its current decline would continue. Technical analysts warned about it. The fundamental business is great. A lot of 5G needs to go in, so this is a good long-term investment and he may buy it back.

In an RRSP If not sheltered, sell it. He has sold all his oil stocks, which face so many obstacles. 2019 will be the hardest year for Alberta oil with many operators going out of business. There's no solution to get our oil to the world. He supports moving away from fossil fuels. Jean Chretian once told him, "Too many economists, not enough engineering," meaning political policy and science do not work in synch when it comes to fossil and renewables. We should focus more on science to get greener (buildings, transit, rails).