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

President at ReSolve Asset Management

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Stock Opinions by Mike Philbrick - Stockchase Experts

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COMMENT
General Market Comment 

January 29, 2019

After the recent 20% decline, investors are now taking on risk. The rebound has happened. Buy the dips is still the mantra. Over the last 11 years, the US market has been the *only* game in town. Canada and MSCI are small in comparison, dead money really. That said, the darling from the previous decade won't be the darling in the next. Where is the puck going? Over 20 years, Canadian returns total 583% vs. the US 209%, both is USD. Problem those Canadian returns haven't happened in the past 11 years. The lesson: diversification is key.
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After the recent 20% decline, investors are now taking on risk. The rebound has happened. Buy the dips is still the mantra. Over the last 11 years, the US market has been the *only* game in town. Canada and MSCI are small in comparison, dead money really. That said, the darling from the previous decade won't be the darling in the next. Where is the puck going? Over 20 years, Canadian returns total 583% vs. the US 209%, both is USD. Problem those Canadian returns haven't happened in the past 11 years. The lesson: diversification is key.
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Mike Philbrick

President, ReSolve Asset Manage...

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COMMENT
XUU vs. XSP as the better play in the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
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XUU vs. XSP as the better play in the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
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Mike Philbrick

President, ReSolve Asset Manage...

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$29.450
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COMMENT
Is this overdiversified? No, it's under. It relies on dividend flows, which means it'll have higher interest rate sensitivity than most ETFs which could help or hurt you. This takes many strides in the right direction. You can probably hold a lot of this without getting hurt
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Is this overdiversified? No, it's under. It relies on dividend flows, which means it'll have higher interest rate sensitivity than most ETFs which could help or hurt you. This takes many strides in the right direction. You can probably hold a lot of this without getting hurt
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Mike Philbrick

President, ReSolve Asset Manage...

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$30.720
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BUY
XUU vs. XSP to play the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
E.T.F.'s
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XUU vs. XSP to play the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
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Mike Philbrick

President, ReSolve Asset Manage...

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$26.910
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BUY
Is all the bad news baked in? A good China ETF. China is the second-largest economy in the world, but has less than 2.5% exposure in the MSCI indexes. America has peaked, so money managers will be chasing China. This is a 10-20-year play with lots of corrections. Dont time this. A long-term secular play. Edge money in patiently over time.
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Is all the bad news baked in? A good China ETF. China is the second-largest economy in the world, but has less than 2.5% exposure in the MSCI indexes. America has peaked, so money managers will be chasing China. This is a 10-20-year play with lots of corrections. Dont time this. A long-term secular play. Edge money in patiently over time.
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Mike Philbrick

President, ReSolve Asset Manage...

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$22.770
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BUY
Preferreds are Jekyll and Hyde: when markets are calm, they act normally and give you a coupon-like return, but when markets act crazy, they act like an equity. All preferred share indices have declined 10-15% because of the rate reset and credit. When there's equity duress and rate resets, these ETFs go down. Instead, buy an actively managed ETF; it's worth the extra fee.
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Preferreds are Jekyll and Hyde: when markets are calm, they act normally and give you a coupon-like return, but when markets act crazy, they act like an equity. All preferred share indices have declined 10-15% because of the rate reset and credit. When there's equity duress and rate resets, these ETFs go down. Instead, buy an actively managed ETF; it's worth the extra fee.
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Mike Philbrick

President, ReSolve Asset Manage...

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$8.305
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DON'T BUY
This shorts volatility in the markets--and a portfolio drag in the long-term. You'll underperform in a strengethening market. He's not a fan of covered writing. 6.7% yield.
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This shorts volatility in the markets--and a portfolio drag in the long-term. You'll underperform in a strengethening market. He's not a fan of covered writing. 6.7% yield.
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Mike Philbrick

President, ReSolve Asset Manage...

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$19.380
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BUY
A Canadian energy ETF besides XEG? ZEO offers better diversification than XEG, or especially HOG-T which focusses on energy midstreams (storage and transportation of oil/gas) with little overlap to the other two ETFs. Own ZEO and HOG. If you don't care about risk, then go for ZEO only.
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A Canadian energy ETF besides XEG? ZEO offers better diversification than XEG, or especially HOG-T which focusses on energy midstreams (storage and transportation of oil/gas) with little overlap to the other two ETFs. Own ZEO and HOG. If you don't care about risk, then go for ZEO only.
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Mike Philbrick

President, ReSolve Asset Manage...

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$8.450
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Unknown

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PAST TOP PICK
(A Top Pick Nov 23/18, Up 3%) Instead of shorting the S&P, buy this (see his earlier comments). You don't receive any interest; it's a total return swap. Wonderful tax exposure. You need this to diversify your portfolio.
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(A Top Pick Nov 23/18, Up 3%) Instead of shorting the S&P, buy this (see his earlier comments). You don't receive any interest; it's a total return swap. Wonderful tax exposure. You need this to diversify your portfolio.
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Mike Philbrick

President, ReSolve Asset Manage...

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$54.370
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PAST TOP PICK
(A Top Pick Nov 23/18, Up 2%) If you must own stocks, then go low-vol, and this ETF minimizes downside. In fact, you get better returns when you own lower-vol stocks rather than high-vol ones, contrary to popular wisdom.
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(A Top Pick Nov 23/18, Up 2%) If you must own stocks, then go low-vol, and this ETF minimizes downside. In fact, you get better returns when you own lower-vol stocks rather than high-vol ones, contrary to popular wisdom.
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$27.300
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No

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PAST TOP PICK
(A Top Pick Nov 23/18, Down 1%) High quality US stocks including Starbucks and McDonald's. The US manager always has puts that he owns. When the market tanks, this ETF tanks, as it did last fall. This is the put protection kicking in. It protects you in a sudden crash.
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(A Top Pick Nov 23/18, Down 1%) High quality US stocks including Starbucks and McDonald's. The US manager always has puts that he owns. When the market tanks, this ETF tanks, as it did last fall. This is the put protection kicking in. It protects you in a sudden crash.
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$26.300
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No

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COMMENT
In a defensive sector which is the right one to be one during market duress. But you're selling calls to create extra income. This is merely okay. Total returns have been flat lately, though ZWU has done better than the overall markets. Hold this outside the RRSP, given tax considerations. Just remember: if the market drops 30%, ZWU will fall 24%.
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In a defensive sector which is the right one to be one during market duress. But you're selling calls to create extra income. This is merely okay. Total returns have been flat lately, though ZWU has done better than the overall markets. Hold this outside the RRSP, given tax considerations. Just remember: if the market drops 30%, ZWU will fall 24%.
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Mike Philbrick

President, ReSolve Asset Manage...

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$12.750
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BUY
XEC vs. XEF 50% of the world's GDP comes from emerging markets where you need to invest some capital. XEF is the rest of the developed world outside the U.S. He likes both, preferring them over the US market which he thinks has peaked. These ETFs are complimentary and don't overlap. They hold equities, to you bear equity risk.
E.T.F.'s
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XEC vs. XEF 50% of the world's GDP comes from emerging markets where you need to invest some capital. XEF is the rest of the developed world outside the U.S. He likes both, preferring them over the US market which he thinks has peaked. These ETFs are complimentary and don't overlap. They hold equities, to you bear equity risk.
E.T.F.'s
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Mike Philbrick

President, ReSolve Asset Manage...

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$25.810
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COMMENT
General Market Comment 

January 29, 2019

What are the benefits and costs of ETFs? Are they like GICs? Better than stocks? ETFs allow investors to diversify, the greatest innovation in investing of the past 20 years. They are magic. ETF's have reduced fees, certainly cheaper than mutual funds. Use these to diversify. For example, you can buy the entire Chinese stock market. Yes, consider ETFs.
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What are the benefits and costs of ETFs? Are they like GICs? Better than stocks? ETFs allow investors to diversify, the greatest innovation in investing of the past 20 years. They are magic. ETF's have reduced fees, certainly cheaper than mutual funds. Use these to diversify. For example, you can buy the entire Chinese stock market. Yes, consider ETFs.
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Mike Philbrick

President, ReSolve Asset Manage...

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$0.000
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DON'T BUY
Low-vol actually gives you better returns than higher-volatility stocks. That counters popular opinion. But this is US, which he feels will underperform globally. He likes ZLU that it's in USD. However, he prefers buying a gloval low-vol ETF.
E.T.F.'s
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Low-vol actually gives you better returns than higher-volatility stocks. That counters popular opinion. But this is US, which he feels will underperform globally. He likes ZLU that it's in USD. However, he prefers buying a gloval low-vol ETF.
E.T.F.'s
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$33.000
Owned Owned
No

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