John DeGoey
Member since: Oct '09
Portfolio Manager at
Industrial Alliance Securities
Industrial Alliance Securities
1051 Opinions
Latest Top Picks
(A Top Pick Apr 08/19, Down 6%) He's long-term with EM (20 years) and he still likes this space. EM valautions are very low, yet there's strong GDP growth with an emerging middle class. VEE includes nearly 30 countries including China, India, Mexico and Hungary.
(A Top Pick Apr 08/19, Down 1%) This ETF is based on Nobel Prize winning behavioural scientific research about human overreaction to market moves. BHAV capitalizes on the irrational foibles/mistakes of traders (i.e. an earnings miss that results in a 10% drop).
(A Top Pick Apr 08/19, Down 1%) An ESG product for MSCI EAFE to get exposure outside North America, so it's very good for diversifying your portfolio. (Overall, he expects markets to be rangebound globally for the rest of 2019.)
Very low-cost and a Canadian all-cap (large and small). Very broad exposure yet diverse.
All corporations are spending on cyber-security, so there's lift on the way up and little downside.
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COMMENT
COMMENT
June 10, 2019
The markets liked the trade news today. People are getting used to being off-balance with Trump. He himself holds a basket of 11 diverse (through geography and asset class) funds that he rebalances every 6-18 months. He still holds mutual funds that are ETF-like with low MER and good tax efficiency. He is critical of traditonal, high-cost mutual funds, but he likes mutual funds that charge a low cost and are diversified. Areas he likes for the rest of 2019 are the US and Canada, but not Europe.
The markets liked the trade news today. People are getting used to being off-balance with Trump. He himself holds a basket of 11 diverse (through geography and asset class) funds that he rebalances every 6-18 months. He still holds mutual funds that are ETF-like with low MER and good tax efficiency. He is critical of traditonal, high-cost mutual funds, but he likes mutual funds that charge a low cost and are diversified. Areas he likes for the rest of 2019 are the US and Canada, but not Europe.
John DeGoey
Portfolio Manager, Industrial Alliance Securities
COMMENT
COMMENT
June 10, 2019
How to catch up on unused $51,000 TFSA contribution room? TFSAs are vital for low-income people. Put money in monthly into a basket of ETFs, like $500 ($6,000 yearly). Then you can save up and buy an ETF and diversified portfolio. A regular $500 contribution means you don't miss this money.
How to catch up on unused $51,000 TFSA contribution room? TFSAs are vital for low-income people. Put money in monthly into a basket of ETFs, like $500 ($6,000 yearly). Then you can save up and buy an ETF and diversified portfolio. A regular $500 contribution means you don't miss this money.
John DeGoey
Portfolio Manager, Industrial Alliance Securities
BUY
BUY
June 10, 2019
You get the large-cap TSX names. It bottomed at Christmas, rose, had a bad May and rising this month. This is a single-take solution for Canadian stocks. A caveat: these are large-caps, not small, but this should do well.
You get the large-cap TSX names. It bottomed at Christmas, rose, had a bad May and rising this month. This is a single-take solution for Canadian stocks. A caveat: these are large-caps, not small, but this should do well.
E.T.F.'s
COMMENT
COMMENT
June 10, 2019
Preferred shares If your goal is growth, then buy growth stocks and not dividend-growing ones. The preferreds--many like them for their diversification from common stocks. He doesn't have a strong opinion or buys these oftens. Don't worry if your preferreds are down these days.
Preferred shares If your goal is growth, then buy growth stocks and not dividend-growing ones. The preferreds--many like them for their diversification from common stocks. He doesn't have a strong opinion or buys these oftens. Don't worry if your preferreds are down these days.
John DeGoey
Portfolio Manager, Industrial Alliance Securities
BUY
BUY
June 10, 2019
He likes it. Japan hit its all-time highs 30 years ago yet hasn't returned there. They're in no-man's land now. As a result, products like this cover Asia--except Japan. If you like emerging markets, this is a good way to do it.
He likes it. Japan hit its all-time highs 30 years ago yet hasn't returned there. They're in no-man's land now. As a result, products like this cover Asia--except Japan. If you like emerging markets, this is a good way to do it.
E.T.F.'s
BUY
BUY
June 10, 2019
ZWU or ZWE Both are good defensive strategies. ZWE: He's not that bullish on Europe, but at least you get income from writing the covered calls here. ZWU: Utilities are much less volatile and more stable, yet expose you to Europe. If you belive in Europe and playing defence, then both ETFs are fine. These two ETFs are highly correlated, rising and falling together. Note that utilities are risk-off, not for you if you have long-term bullish.
ZWU or ZWE Both are good defensive strategies. ZWE: He's not that bullish on Europe, but at least you get income from writing the covered calls here. ZWU: Utilities are much less volatile and more stable, yet expose you to Europe. If you belive in Europe and playing defence, then both ETFs are fine. These two ETFs are highly correlated, rising and falling together. Note that utilities are risk-off, not for you if you have long-term bullish.
E.T.F.'s
BUY
BUY
June 10, 2019
Costs only 8 basis points. This follows the S&P 500, easy. A good index product at a super-low price.
Costs only 8 basis points. This follows the S&P 500, easy. A good index product at a super-low price.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
June 10, 2019
(A Top Pick Apr 08/19, Down 6%) He's long-term with EM (20 years) and he still likes this space. EM valautions are very low, yet there's strong GDP growth with an emerging middle class. VEE includes nearly 30 countries including China, India, Mexico and Hungary.
(A Top Pick Apr 08/19, Down 6%) He's long-term with EM (20 years) and he still likes this space. EM valautions are very low, yet there's strong GDP growth with an emerging middle class. VEE includes nearly 30 countries including China, India, Mexico and Hungary.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
June 10, 2019
(A Top Pick Apr 08/19, Down 1%) This ETF is based on Nobel Prize winning behavioural scientific research about human overreaction to market moves. BHAV capitalizes on the irrational foibles/mistakes of traders (i.e. an earnings miss that results in a 10% drop).
(A Top Pick Apr 08/19, Down 1%) This ETF is based on Nobel Prize winning behavioural scientific research about human overreaction to market moves. BHAV capitalizes on the irrational foibles/mistakes of traders (i.e. an earnings miss that results in a 10% drop).
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
June 10, 2019
(A Top Pick Apr 08/19, Down 1%) An ESG product for MSCI EAFE to get exposure outside North America, so it's very good for diversifying your portfolio. (Overall, he expects markets to be rangebound globally for the rest of 2019.)
(A Top Pick Apr 08/19, Down 1%) An ESG product for MSCI EAFE to get exposure outside North America, so it's very good for diversifying your portfolio. (Overall, he expects markets to be rangebound globally for the rest of 2019.)
COMMENT
COMMENT
June 10, 2019
How to preserve a non-registered account for retirees yet minimize taxes? First, ttagger your sells and don't trade all/many stocks in a single year. Also, you can sell any capital losses to offset gains. If a stock is up $10K and you don't want to sell it all, then sell half of it to to offset another holding that's a capital loss. But remember, you can't buy back the exact same security you sold within the first 30 days; instead, buy something very similar or keep the cash. Overall, sell your stocks very slowly over many years to minimize taxes.
How to preserve a non-registered account for retirees yet minimize taxes? First, ttagger your sells and don't trade all/many stocks in a single year. Also, you can sell any capital losses to offset gains. If a stock is up $10K and you don't want to sell it all, then sell half of it to to offset another holding that's a capital loss. But remember, you can't buy back the exact same security you sold within the first 30 days; instead, buy something very similar or keep the cash. Overall, sell your stocks very slowly over many years to minimize taxes.
John DeGoey
Portfolio Manager, Industrial Alliance Securities
BUY
BUY
June 10, 2019
It's a good product, because it's conservative. The dividends will mute volatility, and there are covered calls on top of that. At least you make money on writing the call options. This offers a lot lower volatility than others in this space.
It's a good product, because it's conservative. The dividends will mute volatility, and there are covered calls on top of that. At least you make money on writing the call options. This offers a lot lower volatility than others in this space.
COMMENT
COMMENT
June 10, 2019
When you must wtihdraw from your RRIF, what to do with that money? If you have a spouse, you can make the RRIF withdrawals. Also, you can withdraw now, not at 71 which is the limit to withdraw from a RRIF. Sure, you pay a little more tax sooner, but there's less to sell in the RRIF later. You can withdraw $6,000 and put it into a TFSA and never pay tax on it. A note: in your late-60s/early-70s, you can still travel, but no one travels when they reach 80. So, if you're in your late-60s and healthy, travel now--don't wait!
When you must wtihdraw from your RRIF, what to do with that money? If you have a spouse, you can make the RRIF withdrawals. Also, you can withdraw now, not at 71 which is the limit to withdraw from a RRIF. Sure, you pay a little more tax sooner, but there's less to sell in the RRIF later. You can withdraw $6,000 and put it into a TFSA and never pay tax on it. A note: in your late-60s/early-70s, you can still travel, but no one travels when they reach 80. So, if you're in your late-60s and healthy, travel now--don't wait!
John DeGoey
Portfolio Manager, Industrial Alliance Securities
COMMENT
COMMENT
June 10, 2019
My bank offered me a $30K line of credit with 3% up front over 10 months. I'm paying $900. What should I do with that $30K to invest over 10 months yet write-off that $900? Do you have any non-deductible debt? (No.) If so, pay it off. Interest is only deductible only for things that earn capital gains. So bonds and GICs make no sense; buy stocks. Buy if you're in the stock market for only 10 months, then you're speculating, not investing. Look for things that are cheap, but buy two or three things totalling $30K--and pray it works out. He won't say which geographies to buy, but diversify to lower risk.
My bank offered me a $30K line of credit with 3% up front over 10 months. I'm paying $900. What should I do with that $30K to invest over 10 months yet write-off that $900? Do you have any non-deductible debt? (No.) If so, pay it off. Interest is only deductible only for things that earn capital gains. So bonds and GICs make no sense; buy stocks. Buy if you're in the stock market for only 10 months, then you're speculating, not investing. Look for things that are cheap, but buy two or three things totalling $30K--and pray it works out. He won't say which geographies to buy, but diversify to lower risk.
John DeGoey
Portfolio Manager, Industrial Alliance Securities
COMMENT
COMMENT
June 10, 2019
An ETF that's been around forever, trading in US dollars. He doesn't know if this will go up or down, but his question is: What is your time horizon? This will do well in the long run.
An ETF that's been around forever, trading in US dollars. He doesn't know if this will go up or down, but his question is: What is your time horizon? This will do well in the long run.
E.T.F.'s
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