John Hood
Member since: Oct '09
President & Portfolio Manager at
J. C Hood Investment.
J. C Hood Investment.
1681 Opinions
Latest Top Picks
(A Top Pick Apr 02/19, Down 2%) It is a good place to remain. It is diversified in several medical services. He still holds it.
(A Top Pick Apr 02/19, Down 20%) He sold this one. It concentrates on Quebec companies. He liked the diversification away from energy and commodities. It did not perform as he liked, so sold out.
(A Top Pick Apr 02/19, Down 8%) He sold out of this one a while ago. Covered call strategies are good in flat to rising markets, not so much during down turns.
An alternative to straightforward S&P500. These focus on about 181 dividend growers. It has all the biggest, solid companies. He has been buying a lot of this one lately. Yield 1.41%
This has tracked well with the market, despite having covered calls. He has worked closely with the managers and has even sat on their trading desk. Its MER is 0.75%. About 50% does not have covered calls sold against the holdings. Yield 7.21%
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
April 8, 2020
Market Outlook There is a positive sign in the market over the last couple of weeks with the market looking to establish a floor -- somewhere around 2400 on the S&P, he estimates. We are now only 200 points away from the highs of September 2018. We are seeing a recession coming with large numbers of people being laid off. He sees large sums of cash sitting on the sidelines. The panic selling is now over and he sees a recovery coming of some sort. You have to have a strategy with dealing with volatility. This is done through asset allocation. He began to get concerned with bond issuers and sold his bond ETFs before the crash.
Show full opinionHide full opinion
Market Outlook There is a positive sign in the market over the last couple of weeks with the market looking to establish a floor -- somewhere around 2400 on the S&P, he estimates. We are now only 200 points away from the highs of September 2018. We are seeing a recession coming with large numbers of people being laid off. He sees large sums of cash sitting on the sidelines. The panic selling is now over and he sees a recovery coming of some sort. You have to have a strategy with dealing with volatility. This is done through asset allocation. He began to get concerned with bond issuers and sold his bond ETFs before the crash.
HOLD
HOLD
April 8, 2020
He has held this before, but sold it when the market began to decline. A covered call is good in a flat or rising market, but in a down market it can impede future recovery. The fund usually only has about 50% of its holdings with covered calls and its yield is about 8%. He thinks it is worth holding.
He has held this before, but sold it when the market began to decline. A covered call is good in a flat or rising market, but in a down market it can impede future recovery. The fund usually only has about 50% of its holdings with covered calls and its yield is about 8%. He thinks it is worth holding.
E.T.F.'s
COMMENT
COMMENT
April 8, 2020
He has recommended this before, but it too was hit hard when the market declined. He asked one of the big bond desks about liquidity issues and when they said it was drying up, he sold out. What people need to understand is that bonds trade over the counter, not through an exchange. When the liquidity drives up, this negatively impacts bond values.
Show full opinionHide full opinionHe has recommended this before, but it too was hit hard when the market declined. He asked one of the big bond desks about liquidity issues and when they said it was drying up, he sold out. What people need to understand is that bonds trade over the counter, not through an exchange. When the liquidity drives up, this negatively impacts bond values.
E.T.F.'s
HOLD
HOLD
April 8, 2020
He does not own this one. They have an effective covered call strategy and he has no issues with the fund at all. He prefers ZUH, where it is not impeded with calls being written.
He does not own this one. They have an effective covered call strategy and he has no issues with the fund at all. He prefers ZUH, where it is not impeded with calls being written.
E.T.F.'s
HOLD
HOLD
April 8, 2020
He does not own this one. They have an effective covered call strategy and has no issues with the fund at all. He prefers ZUH, where it is not impeded with calls being written.
He does not own this one. They have an effective covered call strategy and has no issues with the fund at all. He prefers ZUH, where it is not impeded with calls being written.
COMMENT
COMMENT
April 8, 2020
Buy long dated Call options? He usually sells options about 99% of the time as he prefers to receive the premiums rather than pay them.
Show full opinionHide full opinionBuy long dated Call options? He usually sells options about 99% of the time as he prefers to receive the premiums rather than pay them.
DON'T BUY
DON'T BUY
April 8, 2020
He generally does not like preferred shares. It has the risk of a stock and return of a bond. You also have to be concerned about rate resets versus perpetual dividends. He would prefer to sell call options against the banks. He thinks you should focus on the recovery being in the US as Canada is purely a commodity based economy and will take much longer to recover from this.
Show full opinionHide full opinionHe generally does not like preferred shares. It has the risk of a stock and return of a bond. You also have to be concerned about rate resets versus perpetual dividends. He would prefer to sell call options against the banks. He thinks you should focus on the recovery being in the US as Canada is purely a commodity based economy and will take much longer to recover from this.
E.T.F.'s
BUY
BUY
April 8, 2020
Healthcare ETF? He likes ZUH as it includes pharma, hospitals and other medical services. It is hedged to the Canadian dollar.
Healthcare ETF? He likes ZUH as it includes pharma, hospitals and other medical services. It is hedged to the Canadian dollar.
PAST TOP PICK
PAST TOP PICK
April 8, 2020
(A Top Pick Apr 02/19, Down 2%) It is a good place to remain. It is diversified in several medical services. He still holds it.
Show full opinionHide full opinion(A Top Pick Apr 02/19, Down 2%) It is a good place to remain. It is diversified in several medical services. He still holds it.
PAST TOP PICK
PAST TOP PICK
April 8, 2020
(A Top Pick Apr 02/19, Down 20%) He sold this one. It concentrates on Quebec companies. He liked the diversification away from energy and commodities. It did not perform as he liked, so sold out.
Show full opinionHide full opinion(A Top Pick Apr 02/19, Down 20%) He sold this one. It concentrates on Quebec companies. He liked the diversification away from energy and commodities. It did not perform as he liked, so sold out.
PAST TOP PICK
PAST TOP PICK
April 8, 2020
(A Top Pick Apr 02/19, Down 8%) He sold out of this one a while ago. Covered call strategies are good in flat to rising markets, not so much during down turns.
Show full opinionHide full opinion(A Top Pick Apr 02/19, Down 8%) He sold out of this one a while ago. Covered call strategies are good in flat to rising markets, not so much during down turns.
E.T.F.'s
BUY
BUY
April 8, 2020
It specializes in medical devices and equipment. He has held this over a year and a half. He likes the diversification it offers. He is not sure which of the holdings are involved in manufacturing defibrillators.
Show full opinionHide full opinionIt specializes in medical devices and equipment. He has held this over a year and a half. He likes the diversification it offers. He is not sure which of the holdings are involved in manufacturing defibrillators.
E.T.F.'s
COMMENT
COMMENT
April 8, 2020
CAD dollar? He thinks the best thing that can assist the Canadian dollar are pipelines. He would, however, hesitate moving away from the US dollar. We will under-perform the US economy until the commodity markets significantly recover.
Show full opinionHide full opinionCAD dollar? He thinks the best thing that can assist the Canadian dollar are pipelines. He would, however, hesitate moving away from the US dollar. We will under-perform the US economy until the commodity markets significantly recover.
COMMENT
COMMENT
April 8, 2020
CAD bank dividends safe? It is not very likely that the Canadian banks will cut their dividends. They are in much better financial shape than back in 2008. He thinks the Canadian Central Bank would make enough liquidity available -- we may pay for it as taxpayers however. The Great Depression was caused by there not being enough liquidity available for the banks. This is not a worry.
Show full opinionHide full opinionCAD bank dividends safe? It is not very likely that the Canadian banks will cut their dividends. They are in much better financial shape than back in 2008. He thinks the Canadian Central Bank would make enough liquidity available -- we may pay for it as taxpayers however. The Great Depression was caused by there not being enough liquidity available for the banks. This is not a worry.
BUY
BUY
April 8, 2020
TFSA investment? XSP is based on the S&P500. He always has held this as a core holding in his portfolio.
Show full opinionHide full opinionTFSA investment? XSP is based on the S&P500. He always has held this as a core holding in his portfolio.
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