John Hood
Portfolio Manager at Croft Financial Group
Member since: Oct '09 · 1958 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.37 | 135 21.81% | 173 27.95% | 183 29.56% | 110 17.77% | 18 2.91% | ||
| 1 Month | 4.24 | 4 2.99% | 39 29.10% | 76 56.72% | 14 10.45% | 1 0.75% | |
| 6 Months | 4.23 | 9 6.87% | 42 32.06% | 48 36.64% | 27 20.61% | 5 3.82% | |
| 12 Months | 4.3 | 21 16.54% | 38 29.92% | 28 22.05% | 36 28.35% | 4 3.15% | |
| 2 Years | 4.48 | 38 30.89% | 40 32.52% | 21 17.07% | 19 15.45% | 5 4.07% | |
| 5 Years | 4.58 | 63 60.58% | 14 13.46% | 10 9.62% | 14 13.46% | 3 2.88% |
Stock Opinions by John Hood
Yes, simply because we have two major events occurring over the next couple of weeks, with the major one being Trump. The other is a Canadian election coming up. So he's holding off until he sees policies coming out, as it's just too volatile right now.
Nevertheless, overall he remains quite bullish on the US. Virtually all of his positions are in the US, no reason to change that.
Has put virtually no new money in Canada, due to the ruling Canadian government for the last several years. We've lurched from one crisis to another in terms of deficit, housing, and inflation. Tax structure is not conducive to foreign capital coming in, and it takes decades to get anything approved. Capital gains tax in the US is much more favourable for startups.
He had held Canadian banks for quite some time, but then got out when the TD money laundering fiasco started. A change in government might be an opportunity to invest in Canada, but he wants to wait until the dust settles a bit.
One thing would be reducing capital gains taxes. Those kinds of taxes just stifle development. Have to look at what can be done about growth. Civil service has increased by 40% in the last few years, money being wasted on consultants, ridiculous.
They've just been shoveling money out the window, and it has to end. That's what he'd anticipate with a Conservative government. At least he hopes so, nothing's guaranteed!
INDA is a bit more diversified with 70-90 stocks, instead of just the top 50 of INDY. The MERs are fairly pricey around 90 bps or so. The MER for EPI is somewhat smaller, around 30 bps lower.
He's not that familiar with that market or the companies in those ETFs. Modi has made changes there, mainly to the good. But ethnic divisiveness is a serious issue. He's not investing there for his clients at this point.
INDA is a bit more diversified with 70-90 stocks, instead of just the top 50 of INDY. The MERs are fairly pricey around 90 bps or so. The MER for EPI is somewhat smaller, around 30 bps lower.
He's not that familiar with that market or the companies in those ETFs. Modi has made changes there, mainly to the good. But ethnic divisiveness is a serious issue. He's not investing there for his clients at this point.
INDA is a bit more diversified with 70-90 stocks, instead of just the top 50 of INDY. The MERs are fairly pricey around 90 bps or so. The MER for EPI is somewhat smaller, around 30 bps lower.
He's not that familiar with that market or the companies in those ETFs. Modi has made changes there, mainly to the good. But ethnic divisiveness is a serious issue. He's not investing there for his clients at this point.
He's never made money investing in Europe. One reason is that they have some very funny labour rules, such as not being able to fire anyone. Government coalitions are always ready to break apart. An investor probably already has North American financials, so to invest in this would put a portfolio overweight in financials.
A lot of global funds are 40-50% US anyway, so he just buys the S&P.
