Market. Lower oil prices are really damaging almost all economies of oil producing countries. He sees this as temporary. He is not a Canadian oil investor. It is hard to imagine that OPEC and non-OPEC producers are going to allow this to continue. He is about 30% in cash. When there is maximum fear and uncertainty that is the time to jump in. He chips away every day. He needs to buy things when they are on sale. We have been seeing negative yields in Europe and Japan for the last couple of years. The fed rate cut last week was a waste of time and a miss-fire. If anything, investors are hoarding cash.

A huge player in cell phone towers. They are in an amazing position. Unfortunately their shares are too expensive for him. There is other stuff on sale.

They are the largest wealth manager in the US. E-Trade will compliment their suite. They are more focused on wealth management and less on trading.

He has looked closely at it and the biggest struggle was trying them out and getting moved to Google. He would rather avoid it.

It is the cream of the crop in US banks. The CEO has not been well. The day he retires the stock may take a dive. The valuation has dropped in this market so it is certainly worth looking at.

It continues to have premier property and casualty businesses. They generate tones of free cash flow. It would be a reasonably safe place to be.

Financials are out of favour and European lifecos are more out of favour. The regulator thinks they are in perfectly fine financial shape. People would rather sell regardless of yield and financials are being given away.

They will be less affected than most retailers since people still have to shop. He finds there are cheaper opportunities elsewhere.

Don't add to oil stocks. There are enough other great businesses to invest in. Canadian banks stocks would be preferable. Companies like RDS.B-N benefit even from low oil prices.

It has more debt. It will continue to pay its dividend and hopefully will pay off some of its debt. He does not like the energy patch. There are so many better companies around the world.

(A Top Pick Mar 26/19, Down 18%) He sold it in September.

(A Top Pick Mar 26/19, Down 26%) They have done an excellent job and have a great yield. It is worth double where it is trading. It is a takeout candidate. He would stick with it and would rather they did not sell.

(A Top Pick Mar 26/19, Down 14%) A great little Japanese company. It has held up well in a disastrous environment. It is not very economically sensitive due to government contracts. It should do well.

Municipal Bonds. They tend to be very small issues and are not very liquid. They are very inefficient to trade. If you hold them, leave them alone. They should be left to institutions.

It is a very low growth company. They are generating earnings grown by cost cutting. You will get some dividend growth but it will not be a growth stock. It is rock solid and will hold up well in a down market.