Stock Opinions by Mike Philbrick - Stockchase Experts
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On Stockchase since : Jun 2018

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Stock Opinions by Mike Philbrick - Stockchase Experts


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COMMENT
General Market Comment 

August 31, 2018

Market. The NAFTA discussions impact individual portfolios as 60% of personal portfolios are Canadian focused.  If you held a diversified portfolio the impact would have been lessened – this is one of their core tenets of investing.  Today, he would look at bonds more closely now as it allows non-correlation to market noise.  Had an investor had a reasonable holding of US Long Term Treasuries (like the TLT-N ETF), it could have resulted in a net portfolio increase during the financial collapse of 2008.  

Market. The NAFTA discussions impact individual portfolios as 60% of personal portfolios are Canadian focused.  If you held a diversified portfolio the impact would have been lessened – this is one of their core tenets of investing.  Today, he would look at bonds more closely now as it allows non-correlation to market noise.  Had an investor had a reasonable holding of US Long Term Treasuries (like the TLT-N ETF), it could have resulted in a net portfolio increase during the financial collapse of 2008.  

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

August 31, 2018

Is than an ETF on the TSX that tracks the S&P500? If you are not inside an RRSP, the Horizon HXS-T has no taxable distributions, so it is tax advantaged.  The Ishares XSP-T can be hedged for currency or not.  The EQL-T is an equal weight S&P500 fund that can be bought in Canadian dollars and it gives you better representation of the smaller holdings (good if you have concern of the current FANG concentration).  

Is than an ETF on the TSX that tracks the S&P500? If you are not inside an RRSP, the Horizon HXS-T has no taxable distributions, so it is tax advantaged.  The Ishares XSP-T can be hedged for currency or not.  The EQL-T is an equal weight S&P500 fund that can be bought in Canadian dollars and it gives you better representation of the smaller holdings (good if you have concern of the current FANG concentration).  

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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_N/A

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COMMENT
General Market Comment 

August 31, 2018

Can a single ETF create a diversified portfolio? It is possible to own one ETF to get diversification.  The only problem is tracking error.  If the TSX goes up 27% and the global market is only up 6%, then you will have investor anxiety.  You need an investment advisor to help balance this out.  The HRA-T ETF is a global, equal weighted ETF that he would recommend.  

Can a single ETF create a diversified portfolio? It is possible to own one ETF to get diversification.  The only problem is tracking error.  If the TSX goes up 27% and the global market is only up 6%, then you will have investor anxiety.  You need an investment advisor to help balance this out.  The HRA-T ETF is a global, equal weighted ETF that he would recommend.  

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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_N/A

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COMMENT
General Market Comment 

August 31, 2018

ETFs or Mutual Funds? The funds on ETFs are generally lower.  Those who trade ETFs, tend to trade them more often.  The ETFs lack the same breadth of offerings.    

ETFs or Mutual Funds? The funds on ETFs are generally lower.  Those who trade ETFs, tend to trade them more often.  The ETFs lack the same breadth of offerings.    

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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_N/A

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COMMENT

It holds Canadian banks on an equal weight approach. If you have a small amount of investment capital (around $20,000 or more), he would suggest buying the individual banks yourself through a discount broker to avoid the fee with the ETF as the fund only holds 5-7 stocks.

E.T.F.'s

It holds Canadian banks on an equal weight approach. If you have a small amount of investment capital (around $20,000 or more), he would suggest buying the individual banks yourself through a discount broker to avoid the fee with the ETF as the fund only holds 5-7 stocks.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$30.240
Owned Owned
Unknown

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COMMENT

Covered call trading is best for a flat or slightly down trending market.  If you hold it in a strong up trending market, you are cutting off the top all the time on the rally, but you are still susceptible to large equity draw downs.  

E.T.F.'s

Covered call trading is best for a flat or slightly down trending market.  If you hold it in a strong up trending market, you are cutting off the top all the time on the rally, but you are still susceptible to large equity draw downs.  

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$19.675
Owned Owned
No

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BUY

A solid choice with an exceptionally low fee.  Given the recent draw down it is good value.  If you want a dividend paying focus you could also consider HAJ-T from Horizons that offers a little more active management.

E.T.F.'s

A solid choice with an exceptionally low fee.  Given the recent draw down it is good value.  If you want a dividend paying focus you could also consider HAJ-T from Horizons that offers a little more active management.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$32.970
Owned Owned
No

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HOLD

This is riding a monster trend and now you need to focus on managing your potential downside.  Technology is non-mean reverting sector which is great, but the price is at very high valuations now.  You may consider setting stops, but would continue to hold.  Remember this sector dropped 90% on a sell off back in 2000.    

E.T.F.'s

This is riding a monster trend and now you need to focus on managing your potential downside.  Technology is non-mean reverting sector which is great, but the price is at very high valuations now.  You may consider setting stops, but would continue to hold.  Remember this sector dropped 90% on a sell off back in 2000.    

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$202.800
Owned Owned
No

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HOLD

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation.  He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.   

E.T.F.'s

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation.  He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.   

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$10.210
Owned Owned
No

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COMMENT

This fund writes put options.  This relies on the management as you don’t want to be made long a group of weak stocks.  This is a short volatility strategy.  You just need to know what your strategy is.  

E.T.F.'s

This fund writes put options.  This relies on the management as you don’t want to be made long a group of weak stocks.  This is a short volatility strategy.  You just need to know what your strategy is.  

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$19.210
Owned Owned
No

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HOLD

Preferred shares are a great investment due to the favorable tax treatment.  With active management you are getting a great benefit.  They will be holding a balance of fixed versus floating holdings.  A casual investor can get caught in the various different covenants associated with this class.  He thinks this is an excellent way to add preferred exposure to your portfolio.    

E.T.F.'s

Preferred shares are a great investment due to the favorable tax treatment.  With active management you are getting a great benefit.  They will be holding a balance of fixed versus floating holdings.  A casual investor can get caught in the various different covenants associated with this class.  He thinks this is an excellent way to add preferred exposure to your portfolio.    

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$9.700
Owned Owned
No

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COMMENT

This is a great representation of the TSX60.  It is swap based, so this will not lead to any taxable distributions and a low MER.  

E.T.F.'s

This is a great representation of the TSX60.  It is swap based, so this will not lead to any taxable distributions and a low MER.  

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$34.380
Owned Owned
No

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HOLD

This is a good core, safe holding, with good trading liquidity.  If we face rising interest rates in the future, however, bond exposure will not do well and will become correlated with stocks.  He likes it to offer some global bond exposure for diversification.    

This is a good core, safe holding, with good trading liquidity.  If we face rising interest rates in the future, however, bond exposure will not do well and will become correlated with stocks.  He likes it to offer some global bond exposure for diversification.    

0
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
Owned Owned
No

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BUY on WEAKNESS
SPDR Pharma ETF(XPH-N) 

August 31, 2018

This is in an incredibly strong trend, so be careful of the entry point.  Healthcare might give a little more opportunity like the IYH-N ETF or an equal weight XLV-N ETF.  

E.T.F.'s

This is in an incredibly strong trend, so be careful of the entry point.  Healthcare might give a little more opportunity like the IYH-N ETF or an equal weight XLV-N ETF.  

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$49.960
Owned Owned
No

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TOP PICK

With 10% of the global economy and market cap, it is very underweighted in Canadian portfolios.  He favors hedging away the currency risk right now.  The key holdings like Toyota, Mitsubishi, and Sony are not in a lot of investor portfolios.  He does not invest in this portfolio directly, as they buy the individual companies, but this is the way an individual can diversify.  

With 10% of the global economy and market cap, it is very underweighted in Canadian portfolios.  He favors hedging away the currency risk right now.  The key holdings like Toyota, Mitsubishi, and Sony are not in a lot of investor portfolios.  He does not invest in this portfolio directly, as they buy the individual companies, but this is the way an individual can diversify.  

0
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$32.360
Owned Owned
No

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