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He is not a growth investor, but a value investor. A good product but he would not recommend it because he is a value investor.

Designed to do well in a rising rate environment. It may not happen in the next year. Prefers over CBO. The rate on FSL resets regularly.

REITs. Doesn’t think you will get hurt too badly with REITs. But they will get hurt as rates go up. He is not sure that it will materialize in 2014 so in that case you could skate through 2014 with some REITs.

It is such a challenging time. XSB is a short term bond index. Good, low cross product, but pretty tough to make money in this environment. Even if rates don’t go up, you won’t make much money. A daily interest savings account might be just as good.

Dollar cost averaging. He is in favour of it. You defer your taxes until you sell, if you don’t trade.

He has been trimming it. Will pretty much have all his clients out of it by the end of January.

He is trimming.

(Top Pick Dec 6/12, Up 24.24%) People were worried about volatility.

(Top Pick Dec 6/12, Up 24.15%) done very, very well with a beta below 1. Low volatility.

(Top Pick Dec 6/12, Up 5.96%) An underperformer in a robust year. Emerging markets are criminally under owned by North Americans. A core holding for him.

Investment Resolutions (Continued):

#6. Read at least 1 book on investing or planning.

#7. Be sure to understand both risks and returns before investing.

#8. I will review my statements regularly.

#9. Seriously consider replacing more expensive products with cheaper ones. E.g. replace a mutual fund with an ETF.

#10. Carefully consider the tax impact of investment decisions.

Dimensional fund advisors: He is a huge proponent. He has been associated with them since they came to Canada. There is a tilt toward small cap and value.

Likes it a great deal. If he were to use a US product he would use this one. Vanguard is one of his favourite ETF providers.

Dividends from an indexed fund: You could take the cash or reinvest, but you get the dividends from the securities.

Copper ETFs. He doesn’t know of a Canadian one. Those that have copper included in a basket of things, they have all been dropping like a rock. COPX-N is a US ETF on copper.