Opinions by Terry Shaunessy | StockChase
296
Terry Shaunessy

Founder & Director

ON STOCKCHASE SINCE May 2010

IndeXit


Opinions by Terry Shaunessy


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COMMENT
General Market Comment 

May 15, 2018

He expected three things to happen in 2018: Interest rates would normalize and that's happening; Canada to underperform again, despite a lift in oil prices; and a shift to international markets (Europe and Asia). He's minimum bonds and maxmimum stocks. The market is getting used to Trump (and reacting less), because he's contradicting himself--sometimes on the same day. Truth is, the U.S. needs to trade with China. Trump makes more out of it than there really is. A lot this is empty sabre-rattling. We've never seen a person in such an important position act so crudely and cavalier.

He expected three things to happen in 2018: Interest rates would normalize and that's happening; Canada to underperform again, despite a lift in oil prices; and a shift to international markets (Europe and Asia). He's minimum bonds and maxmimum stocks. The market is getting used to Trump (and reacting less), because he's contradicting himself--sometimes on the same day. Truth is, the U.S. needs to trade with China. Trump makes more out of it than there really is. A lot this is empty sabre-rattling. We've never seen a person in such an important position act so crudely and cavalier.

Unknown
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

May 15, 2018

What is a fair MER on an ETF, passive or managed? No more than 0.5-0.75% for an actively managed one, like HPR-T's (for preferred shares) is 0.55%.

What is a fair MER on an ETF, passive or managed? No more than 0.5-0.75% for an actively managed one, like HPR-T's (for preferred shares) is 0.55%.

Unknown
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

May 15, 2018

How much of a role does shorting play in the ETF space? We're seeing more shorting on ETFs as institutions pay more attention to ETFs. They're hedging their portfolios. If an ETF has a high correlation to, say, a US index, they will short part or all of that ETF. It's not a nefarious thing. For covered calls, you're writing overlays, so technically you're shorting.

How much of a role does shorting play in the ETF space? We're seeing more shorting on ETFs as institutions pay more attention to ETFs. They're hedging their portfolios. If an ETF has a high correlation to, say, a US index, they will short part or all of that ETF. It's not a nefarious thing. For covered calls, you're writing overlays, so technically you're shorting.

Unknown
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

May 15, 2018

What's a good balanced ETF with moderate risk with 70% stocks and 50% US, 25% Canada and 25% world? There are multi-asset ETFs. But if you have the discipline, you can put 30% in Canadian bonds like XBB-T, then buy ETFs to serve those three geographic areas. Now, you have four ETFs without paying an outside manager. The hard part is on your birthday is to re-balance your portfolio according to that asset mix--then don't touch it. 

What's a good balanced ETF with moderate risk with 70% stocks and 50% US, 25% Canada and 25% world? There are multi-asset ETFs. But if you have the discipline, you can put 30% in Canadian bonds like XBB-T, then buy ETFs to serve those three geographic areas. Now, you have four ETFs without paying an outside manager. The hard part is on your birthday is to re-balance your portfolio according to that asset mix--then don't touch it. 

Unknown
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

May 15, 2018

A Canadian ETF that invests in the US. Is there an exhange tariff?  There is a withholding tax and/or s minor SEC charge when you sell the stock/ETF. Don't be scared off--Canadian companies offer many ETFs that hold U.S. stocks. 

A Canadian ETF that invests in the US. Is there an exhange tariff?  There is a withholding tax and/or s minor SEC charge when you sell the stock/ETF. Don't be scared off--Canadian companies offer many ETFs that hold U.S. stocks. 

Unknown
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$0.020
Owned Owned
Unknown

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BUY

 An ETF for a retiree? It's tricky to pick one. If just one, take a conservative ETF, like iShares's CBD-T's balanced portfolio (50% bonds, 50% stocks). iShares is a good product. 1.87% MER.

E.T.F.'s

 An ETF for a retiree? It's tricky to pick one. If just one, take a conservative ETF, like iShares's CBD-T's balanced portfolio (50% bonds, 50% stocks). iShares is a good product. 1.87% MER.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$21.800
Owned Owned
Unknown

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DON'T BUY

Industry sectors in emerging markets are expensive, like the 0.7% MER on CQQQ. China is a big part of the EM index, and technology is a biggest part of that em index. So, here you're getting Alibab and Baidu for a fraction of the price. You're paying at least a half-point on the MER. He likes this space, but you can play Chinese tech stocks cheaper on the broader market.

E.T.F.'s

Industry sectors in emerging markets are expensive, like the 0.7% MER on CQQQ. China is a big part of the EM index, and technology is a biggest part of that em index. So, here you're getting Alibab and Baidu for a fraction of the price. You're paying at least a half-point on the MER. He likes this space, but you can play Chinese tech stocks cheaper on the broader market.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$59.050
Owned Owned
Unknown

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DON'T BUY

He's got nothing against it. But there's already a lot of price appreciation in cannabis, like the run-up in dotcom stocks in the late-90s. The value of stocks went so far ahead that tech stocks went nowhere for 10 years. Vices do well. Don't
chase this sector. These stocks are ahead of themselves.

E.T.F.'s

He's got nothing against it. But there's already a lot of price appreciation in cannabis, like the run-up in dotcom stocks in the late-90s. The value of stocks went so far ahead that tech stocks went nowhere for 10 years. Vices do well. Don't
chase this sector. These stocks are ahead of themselves.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$17.620
Owned Owned
Unknown

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COMMENT

What's the difference if I use derivatives with HTX than not? Best to do this in taxable accounts, because you don't receive a dividend per se. With this, a counter-party guarantees that your ETF will generate that rate of return on the swap. The key is who is the counter-party which in this case is National Bank, which he's comfortable with. You don't get cash flow, but you get the exact rate of return on the Canadian equity market appreciation, plus dividend. It's a nice one-stop.

E.T.F.'s

What's the difference if I use derivatives with HTX than not? Best to do this in taxable accounts, because you don't receive a dividend per se. With this, a counter-party guarantees that your ETF will generate that rate of return on the swap. The key is who is the counter-party which in this case is National Bank, which he's comfortable with. You don't get cash flow, but you get the exact rate of return on the Canadian equity market appreciation, plus dividend. It's a nice one-stop.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$33.710
Owned Owned
Yes

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PAST TOP PICK

(Past Top Pick on June 1, 2017, Up 2%)  This covers countries that carry the Euro (Germany, France, not UK). Tailwind: Germany is running big trade and fiscal surpluses, so Germany could pump prime rates onto the ECB.

E.T.F.'s

(Past Top Pick on June 1, 2017, Up 2%)  This covers countries that carry the Euro (Germany, France, not UK). Tailwind: Germany is running big trade and fiscal surpluses, so Germany could pump prime rates onto the ECB.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$32.020
Owned Owned
Yes

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PAST TOP PICK

(Past Top Pick on June 1, 2017, Up 8.5%)  Has 10% of his portfolios in emerging markets. There's growth here, dominated by China. EM used to be resource-heavy, but now it's about Asia ex-Japan, headed by strong technology stocks. There's also the emerging middle class in places like India who will consume products. MER 0.26%.

E.T.F.'s

(Past Top Pick on June 1, 2017, Up 8.5%)  Has 10% of his portfolios in emerging markets. There's growth here, dominated by China. EM used to be resource-heavy, but now it's about Asia ex-Japan, headed by strong technology stocks. There's also the emerging middle class in places like India who will consume products. MER 0.26%.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$36.910
Owned Owned
Yes

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BUY

He likes and own US preferred shares with yields that are close to US high-yields but without the credit risk. Be patient here and you will do well. You may enjoy a foreign exchange gain later this year because he expects pressure on the Canadian dollar later this year. Good yield.

E.T.F.'s

He likes and own US preferred shares with yields that are close to US high-yields but without the credit risk. Be patient here and you will do well. You may enjoy a foreign exchange gain later this year because he expects pressure on the Canadian dollar later this year. Good yield.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$36.910
Owned Owned
Unknown

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COMMENT

It's really specialized. It's pricey with a 0.75% MER. There are 100 positions in it, all robot/AI companies. It's fairly new. Be careful with this one. Sure, there's a lot of scientific knowledge within these companies, but that's doesn't necassarily translate into profit.

It's really specialized. It's pricey with a 0.75% MER. There are 100 positions in it, all robot/AI companies. It's fairly new. Be careful with this one. Sure, there's a lot of scientific knowledge within these companies, but that's doesn't necassarily translate into profit.

0
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$40.030
Owned Owned
Unknown

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TOP PICK

It de-emphasizes the tech dominance of the S&P 500. This uses an equal weight, giving more exposure to industrials, financials and healthcare where these sectors will do well. Best to own in a registered account.

E.T.F.'s

It de-emphasizes the tech dominance of the S&P 500. This uses an equal weight, giving more exposure to industrials, financials and healthcare where these sectors will do well. Best to own in a registered account.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$101.250
Owned Owned
Yes

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BUY

I'm young and willing to buy an ETF that carries risk. Which one?  VXC-T, a one-stop, affordable ETF ex-Canada. Or there's ex-EM, XWD-T. Also, pick something in a sector you're comfortable with and know something about. Don't go in blind.

E.T.F.'s

I'm young and willing to buy an ETF that carries risk. Which one?  VXC-T, a one-stop, affordable ETF ex-Canada. Or there's ex-EM, XWD-T. Also, pick something in a sector you're comfortable with and know something about. Don't go in blind.

E.T.F.'s
Terry Shaunessy

Founder & Director, IndeXit...

PricePrice
$36.750
Owned Owned
Unknown

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