Opinions by Mike Philbrick | StockChase
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Mike Philbrick

President

ON STOCKCHASE SINCE Jun 2018

ReSolve Asset Management


Opinions by Mike Philbrick


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COMMENT
General Market Comment 

June 4, 2018

Canadians really need diversified portfolios. Investors don't appreciate how unique 2017 was: volatility was a low 6.5, the second lowest in 84 years, which bred complacency. This changed early this year. Canadians need to diversify their sectors and geography. Home-country bias: we're second only to Australia, with 59% of stocks in Canadian when it should be one-tenth of that. To hedge or not to hedge CAD: follow the 50/50 rule.

Canadians really need diversified portfolios. Investors don't appreciate how unique 2017 was: volatility was a low 6.5, the second lowest in 84 years, which bred complacency. This changed early this year. Canadians need to diversify their sectors and geography. Home-country bias: we're second only to Australia, with 59% of stocks in Canadian when it should be one-tenth of that. To hedge or not to hedge CAD: follow the 50/50 rule.

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

June 4, 2018

What are covered call options? An institutional desk can manage these more efficiently than a retail investor. For example, you sell a $10 stock to a speculator who wants to put up only 50-cents and own the stock anywhere above $11. He has ownership of that stock over $11, but you're betting the stock will rise above $11. You give up the upside, but get a little of the downside and pocket that little premium. Options decay in value quickly near the end.

What are covered call options? An institutional desk can manage these more efficiently than a retail investor. For example, you sell a $10 stock to a speculator who wants to put up only 50-cents and own the stock anywhere above $11. He has ownership of that stock over $11, but you're betting the stock will rise above $11. You give up the upside, but get a little of the downside and pocket that little premium. Options decay in value quickly near the end.

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

June 4, 2018

Why is a dividend ETF considered income and not a dividend? It's a function of an individual ETF, depending on the holdings within that ETF. You will see a mixed tax treatment. Held within a TFSA, you're good, but outside you will be taxed. 

Why is a dividend ETF considered income and not a dividend? It's a function of an individual ETF, depending on the holdings within that ETF. You will see a mixed tax treatment. Held within a TFSA, you're good, but outside you will be taxed. 

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

June 4, 2018

Better to buy a country or a sector? It's a tie. It depends on the country and the sector. Example: Canada which is dominated by natural resources and banks. Consider the momentum factor instead--what's performed well in the past 6 months. If that momentum is in a particular country or sector, that's fine.

Better to buy a country or a sector? It's a tie. It depends on the country and the sector. Example: Canada which is dominated by natural resources and banks. Consider the momentum factor instead--what's performed well in the past 6 months. If that momentum is in a particular country or sector, that's fine.

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT

BOTZ vs. ROBO: The difference is that ROBO is an equal-weighted ETF and BOTZ is market-cap weighted. ROBO you get more mid- and small-cap, with maybe a better long-term return. But essentially both ETFs are very similar.

E.T.F.'s

BOTZ vs. ROBO: The difference is that ROBO is an equal-weighted ETF and BOTZ is market-cap weighted. ROBO you get more mid- and small-cap, with maybe a better long-term return. But essentially both ETFs are very similar.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$23.620
Owned Owned
Unknown

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TOP PICK

The A market in China is inaccessible to foreigners. The MCSI EM market will expand in 10 years for Chinese stocks to comprise nearly-zero to 16% of it to be Chinese stocks. That means a tidal wave of money will flood into the Chinese stock market. Now, it doesn't have the liquidiity, but now is a chance to get in before the big boys do. There's a lot of growth here. Get in early. This is the second-largest market cap and GDP in the world.

E.T.F.'s

The A market in China is inaccessible to foreigners. The MCSI EM market will expand in 10 years for Chinese stocks to comprise nearly-zero to 16% of it to be Chinese stocks. That means a tidal wave of money will flood into the Chinese stock market. Now, it doesn't have the liquidiity, but now is a chance to get in before the big boys do. There's a lot of growth here. Get in early. This is the second-largest market cap and GDP in the world.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
Owned Owned
No

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BUY

This ETF is broadly U.S. heavy in tech. Tech does not regress-with iPhones, we haven't gone back to desktop PCs. This is a good way to play this sector.

E.T.F.'s

This ETF is broadly U.S. heavy in tech. Tech does not regress-with iPhones, we haven't gone back to desktop PCs. This is a good way to play this sector.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$20.830
Owned Owned
Unknown

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COMMENT

This ETF follows the Dow Jones but is unhedged to CAD. It's a price-weighted index. Top holdings include Goldman Sachs, Boeing and Apple.

investment companies/funds

This ETF follows the Dow Jones but is unhedged to CAD. It's a price-weighted index. Top holdings include Goldman Sachs, Boeing and Apple.

investment companies/funds
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$87.130
Owned Owned
Unknown

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COMMENT

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

investment companies/funds

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

investment companies/funds
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$11.760
Owned Owned
Unknown

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BUY

One of the most liquid ETFs out there and a great way to get exposure to South Korea, and Canadians are underexposed to the Pacific Rim.

E.T.F.'s

One of the most liquid ETFs out there and a great way to get exposure to South Korea, and Canadians are underexposed to the Pacific Rim.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$73.780
Owned Owned
Unknown

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COMMENT

There's massive focus on this now: collecting personal data and hacking into company databases, which happens more than we think. Cyber security companies have explosive potential growth. Caveat: this is a highly concentrated basket of stocks. Like Amazon, at some point these companies will suffer a sudden 90% drop.

E.T.F.'s

There's massive focus on this now: collecting personal data and hacking into company databases, which happens more than we think. Cyber security companies have explosive potential growth. Caveat: this is a highly concentrated basket of stocks. Like Amazon, at some point these companies will suffer a sudden 90% drop.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$37.920
Owned Owned
Unknown

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COMMENT

Cannabis or cannabis tech ETF? The problem with cannabis stocks are valuations--only one of the holdings in HMMJ has positive earnings. He's anticipating a lot of growth, like tech in 2000. He doesn't know enough about the tech behind growing cannabis, but look at ROBO-T and other AI ETFs. 

E.T.F.'s

Cannabis or cannabis tech ETF? The problem with cannabis stocks are valuations--only one of the holdings in HMMJ has positive earnings. He's anticipating a lot of growth, like tech in 2000. He doesn't know enough about the tech behind growing cannabis, but look at ROBO-T and other AI ETFs. 

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$18.070
Owned Owned
Unknown

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TOP PICK

This is a good global balanced fund with low-risk, offering diversification for Canadian portfolios.

E.T.F.'s

This is a good global balanced fund with low-risk, offering diversification for Canadian portfolios.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$10.240
Owned Owned
Yes

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TOP PICK

This month it will likely be included in MSCI exmerging market indexes. Saudi Arabia is the largest exchange in the Middle East and the seventh-largest exchange with Saudi Aramco coming. There are challenges in Saudi Arabia, namely women's rights, and have a long way to go. But this society could become enlightened and you can capitalize on it.

E.T.F.'s

This month it will likely be included in MSCI exmerging market indexes. Saudi Arabia is the largest exchange in the Middle East and the seventh-largest exchange with Saudi Aramco coming. There are challenges in Saudi Arabia, namely women's rights, and have a long way to go. But this society could become enlightened and you can capitalize on it.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
Owned Owned
No

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BUY

A good ETF that captures small-caps, value and momentum. This reduces market beta or general market risk. You will make more than the market in 3-4 years and survive downside well.

E.T.F.'s

A good ETF that captures small-caps, value and momentum. This reduces market beta or general market risk. You will make more than the market in 3-4 years and survive downside well.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$27.220
Owned Owned
Unknown

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