Opinions by John Hood | StockChase
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John Hood

President & Portfolio Manager

ON STOCKCHASE SINCE Oct 2009

J. C Hood Investment.


Opinions by John Hood


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2017-10-10

N/A
A Comment -- General Comments From an Expert 

Market.It seems American business is ignoring all things political and the White House. The US economy is growing, unemployment is in pretty good shape and manufacturing is doing well. They seem to be ignoring all the tantrums that are coming out of Washington. He is hoping for some deregulation that would make things a lot easier for banks and get them back active in the market again. The Dodd Franks act is much too restrictive. If we don’t see that, midterm elections are coming up with more Democrats running than Republicans, which could change the dynamics.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
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2017-10-10

COMMENT
A Comment -- General Comments From an Expert 

ETF for Canadian Reset Preferreds 5 year laddered?There are 2 available. ZPR-T from Bank of Montréal where they are all rate resets or HPR-T from Horizons that are two thirds resets and one third fixed. Regarding the laddering, he doesn’t think that comes into play. Both have good yields. The one from BMO is going to be a little more volatile depending upon the rates.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
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2017-10-10

COMMENT
A Comment -- General Comments From an Expert 

Favourite bank for covered calls?One thing he looks at on covered calls is when the stock goes X dividend date, because you want to try and maximize the dividends you get within the 6-month Call period. You have to factor this into your calls. You want to capture as much as you can. He likes Royal (RY-T) and TD (TD-T), because they have a lot of US exposure.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
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2017-10-10

COMMENT
A Comment -- General Comments From an Expert 

A long-term tech ETF for a grandchild?There are a couple of routes you can go. You could look at the Power Share QQQQ (QQQ-Q) or the BMO NASDAQ 100 Equity Hedged-Cdn$ (ZQQ-T), or you could do a little of both.

John Hood

President & Portfolio Manager, J. C Hood Investment.

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2017-10-10

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A Comment -- General Comments From an Expert 

Fixed income or bond ETF?There are a lot of them. A couple of things you should look at. Whenever looking at an ETF, forget about what the yield says. Go onto their website and look at “yield to maturity”. That is far more important than the current yield. Look at what their distribution yield has been over the past year. If the current yield is 3% and the yield to maturity is 2.2% and the distribution is 2.4%, that is somewhere what you are going to be getting, not 3%. You should also look at the duration of the portfolio. An ETF he recommended last year was just taken over and was going to put into a bond portfolio. The bond portfolio has a duration of 8.6 years, which is too long. If the duration is between 3 and 6 years, on any increase in interest rates you are going to get beaten up. You could look at BMO Aggregate Bond Index (ZAG-T) and/or something like iShares DEX Short Term Bond (XSB-T), about two thirds government and some corporates. There is also iShares Conservative Short-Term Fixed Income Fund (XSC-T).

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
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2017-10-10

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A Comment -- General Comments From an Expert 

Do you agree with no hedging in your ETF’s?He uses a lot of hedging, simply because of concerns about a decline in the US$.

John Hood

President & Portfolio Manager, J. C Hood Investment.

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2017-10-10

COMMENT
A Comment -- General Comments From an Expert 

An AI ETF?There is Robo-Global Robotics and Automation (ROBO-Q) and Global X Robotics & AI (BOTZ-Q). This is an area that is going to be increasing in the future, but you also want to make sure that there are some earnings as otherwise it is just speculation.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: Unknown

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2017-10-10

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A Comment -- General Comments From an Expert 

Deep-in-the-Money Call Options?Option prices are based upon intrinsic value and time value. If you are buying them “out of the money”, they have no intrinsic value, only time value. If you are buying these things “in the money”, you are squeezing out the time value. The price will not be as high as there is not a lot of time value. You have to watch this more closely than what he would want to.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: _N/A

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2017-10-10

COMMENT
A Comment -- General Comments From an Expert 

What bank would you write a covered call on?In terms of writing Calls, he likes Toronto Dominion (TD-T) and Royal (RY-T), but this is something you have to decide for yourself. As to “When”, that is a different story. He tends to like writing them out every 6 months and close to the money. That way he gets a bigger bang for the buck. However, institutions write them a little out of the money and every 1 or 2 months, and over time get a better yield.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: Unknown

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2017-10-10

COMMENT
Horizons Absolute Return Global Currency (HARC-T)

He likes this product. It is not correlated with the market, it is the currency market, but what a lot of people don’t realize is that while the stock market is huge, the bond market is even bigger, and the currency market dwarfs them both. (This is managed by currency people at CIBC, not Horizon.) There are going to be a lot of Long positions and Short positions. It could be fairly volatile. You are basically playing the commodities market without the leverage. This is not for his type of client.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $21.190
Owned: No

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2017-10-10

COMMENT
Brand Leaders Plus Income (HBF-T)

Harvest has a number of interesting products, basically Covered Calls. The returns they are getting seem to be higher than some other companies Covered Call ETF’s. But they are only doing it on 25% of the portfolio, whereas the Bank of Montréal is doing it on 50%. He wants to talk to them to see what they are up to. 7.3% yield.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $8.930
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2017-10-10

PAST TOP PICK
HAP Floating Rate Bond ETF (HFR-T)

(A Top Pick Oct 6/16. Up 3%.) Has a lot of this. It’s a great place to park money. You don’t have the duration risks that you have with the other bond ETF’s. It will do better than a Money market.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $10.050
Owned: Yes

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2017-10-10

PAST TOP PICK
HBP 60 Inverse ETF (HIX-T)

(A Top Pick Oct 6/16. Down 12%.) This hasn’t worked out. It was put on simply as a hedge for the next 3 weeks until the election.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $6.390
Owned: No

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2017-10-10

TOP PICK
Vanguard FTSE Cda All Cap ETF (VCN-T)

If you are going to buy a good Canadian All Cap, this is a good one.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $31.920
Owned: No

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2017-10-10

TOP PICK
Vangrd European E.T.F. (VGK-N)

This holds the largest cap companies in Europe. It is developed countries. There is no Greece. A huge ETF, something like $24 billion. Extremely cheap. If you want to play Europe, it’s a great way to go.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $58.740
Owned: No

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