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COMMENT

Markets want to go higher after the earlier 15-20% pullback. He expects markets to eclipse all-time highs later this year, but there will be periods of volatility, especially with the U.S. crazy at times. The World Bank was correct to downgrade global growth this year, given data. In slow-growth periods, tech tends to do well and will lead to interest rate cuts. The U.S. is pricing this in as yields decline, but positions markets to move up.

DON'T BUY

A good company, but this space faces regulatory pressure when it comes to interest charges. He owned this a long time ago. Provides shareholders decent returns over time.

BUY ON WEAKNESS

Has pulled back from recent highs. Has growth potential and is run well. They continue to see flows in. This should move up, but is more volatile. Is a long-term hold, adding to pullbacks around its 50- and 200-day moving averages.

BUY

He likes high-dividend ETFs. Good for those seeking income or to hold in a RRIF. This mixes big banks and insurers, and is less volatile than the market. You can buy and forget and collects the dividend. Good exposure to Canada, whose performance surprises him this year.

BUY

Likes it. Pays a dividend. Over time, this will keep pace with the market, Your return is income-oriented, which is good in volatile markets now and in the future. Is conservative, but likes that it generates income.

DON'T BUY

Avoid. GICs are guaranteed, but bond ETFs are not. In 2022, when rates starting going up, bond funds traded down. A bond ETF can be part of a portfolio and work well, but they haven't added much in recent years. Better to look at 10-20 years in bond maturities. These are not safe.

BUY ON WEAKNESS

It's in the right space, uranium, given demand for nuclear power. The share price is high, so wait for a pullback. Also, commodities are volatile. A well-run company.

PAST TOP PICK
(A Top Pick Jun 03/24, Down 12%)

It's disappointed. It's well-positioned in tech, including semis, but hasn't executed. It missed earnings a few times. It has rebounded a lot from his early April lows. He sold it. But it should benefit from what's happening in tech. There are better names out there.

PAST TOP PICK
(A Top Pick Jun 03/24, Up 23%)

An ETF holding China's biggest tech companies. A year ago, this was very depressed and he was looking for diversity.

PAST TOP PICK
(A Top Pick Jun 03/24, Up 12%)

Still likes it. It's tied to data centre buildout and AI. As the tech sector moves up, so will this. He sees upside.

DON'T BUY
Buy this dip?

Well-run. Are exposed to mortgages when real estate prices are coming down, so there's some risk. It looks like it will keep going down and eventually will find a buying opportunity. Doesn't like its exposure. 

DON'T BUY

These covered-call ETFs have an underlying strategy of generating more income. What differentiates them is how much leverage is or isn't used. Doesn't know that for ZWE. He's never seen great returns outside North America and avoids foreign stocks. He prefers the hedge version.

BUY
How to mitigate risk

Is the leader in the AI race with its chips. He likes this, except the underlying political situation whether NVDA or another chip company will get effected whenever the rules change. Mitigate risk: only placing a stop loss. He targets $175-180, but it won't be a smoothride.

DON'T BUY

He's not a commodity expert. PKI has leverage so it's volatile. You must be confident that the underlying commodity will move up. He's never seen anyone make money in this sector. You'd have to constantly watch oil prices to hold this.

DON'T BUY

It's been underwhelming. You get a little dividend and a little growth. Over time, neither is exciting. Meh.

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