President & Portfolio Manager at J. C Hood Investment.
Member since: Oct '09 · 1923 Opinions
The new capital gains tax starts today. It is egregious and will hurt small businesses and individuals, far more than the 40,000 that Ottawa claims. The TSX lags. Growth in industries is hampered by so much regulations to business. Ordinary folks struggle financially; there's a lot of disquiet in Canada. The new tax will discourage investment in a country which needs more competition.
It's a covered call on banks. There are many of these. The problem they have is they're leveraged by 25% which works well in an upmarket, but down, like when the banks collapsed in March 2023. He avoids anything with leverage.
Both good, but ZBK gives US dollar exposure.
Both good, but ZBK gives US dollar exposure.
Holds only the financials, including insurers and bigger banks. Avoid the US regionals.
Likes industrials in the US compared to other sectors because there's growth here.
Covered call, says pays great income, but remember that all utilities are tied to interest rates.
Good if you want natural gas in an ETF. Note: don't buy the leveraged version, HNU.
A good way to play Europe's big 50 stocks. But he's only lost money in Europe because of their politics and staunch unions.
A good way to play Europe's big 50 stocks. But he's only lost money in Europe because of their politics and staunch unions.
Any ETF with "high yield" in its name sounds like junk bonds.
They just matured. Now at $5.10, but he bought at $5.40 on June 29, 2023. It's hard for retail investors to buy an actual T bill or bond.
(The March 2023 US regional bank meltdown was shocking, and how it happened was stupid.) He sold this recently.
A core position for him. Slightly different than the S&P because it holds slightly more than 500 stocks and occasional dips into mid-caps. Offers diversification.