The market expects a 25-point cut tomorrow by the US Fed's Powell. All these cuts are staving off the recession, which he expects 12 months from now. He hopes to keep selling in 2019. We will have trade uncertainty as long as Trump is President. (FedEx just reduced its forecast due to trade tensions.) Don't invest by guessing the outcome of the trade war; it's a moving target. That said, markets are relatively benign now.

A great product that accesses American dividends. It does its job.

Invest $200K in only this? Generally not a good strategy, but VGRO is a single-ticket product, meaning it contains a wide, broad mix of equities. It's up only 3.25% this year so far, due to the European exposure. But VGRO is simple and covers the world for you.

Targets 60/40 US/Canadian. Given coming volatility, invest in this or wait for dips? Yes. Though for an RRSP, you have until end-February to invest and get the tax credit. Or you can contribute to cash and invest down the road and still get the tax credit. Generally, yes, invest it or split the investment between ZLB and an American ETF.

Passive vs. active investing in US stocks He's shocked that Canada is 90% active vs. the US. There's increasingly more money going into passive investing. Active investing doesn't add value, so lower your cast by buying passive investing. Canadians have to catch to America where passive is far more popular.

Europe is in recession already with many countries there in negative interest rates. ZWE is an excellent product, but now is not a good time to get into Europe. He's not talking only about Brexit, but all of Europe. At least the covered call makes you some money as Europe will go sideways, as he predicts.

(A Top Pick Jul 23/19, Down 1%) Still likes it. BHAV looks for trading errors made by human behaviour (i.e. overreacting). It's based on behavioural economics.

(A Top Pick Jul 23/19, Down 0.2%) US-China trade talks are pressuring this. He's a huge, huge long-term emerging markets bull: much higher GDP driven by a growing middle class. EM now makes up 20-25% of the world's markets, rising at an astonishing rate.

(A Top Pick Jul 23/19, Down 0.2%) US-China trade talks are pressuring this. He's a huge, huge long-term emerging markets bull: much higher GDP driven by a growing middle class. EM now makes up 20-25% of the world's markets, rising at an astonishing rate.

(A Top Pick Jul 23/19, Down 2%) It holds bonds, which investors will flock to when markets seriously pullback--and he expects that within 12 months.

How to protect an RESP with the coming recession with a child who just started university? Some of the RESP is in GICs with the rest in ETFs? That's a good strategy and asset mix. He has made his RESP more conservative as his child approaches university with fewer (riskier) stocks. He went from 60/40 stocks/bonds to 40/60 and this trend will continue for him.

What are the best stocks for a TFSA? It depends what you need the TFSA for, like a house. Otherwise, find something global, like VXC-T, and broadly diversified.

It holds 10 securities in a plain, vanilla basket of bank stocks. But this has been flat year to date. Caveat: banks aren't as safe you think as the recession approaches.

An EM ETF? He's used this in the past and recommends it, if you're looking for a single EM ETF.