Sell? All of these tanked 1.5 years ago. A number of institutions have been buying the preferreds now, and he doesn’t see any reason to be selling this, once you have taken their hit. Also, as rates go up, some of the resets may be setting at a higher rate. A good fund and very well diversified. 5.5% dividend yield.

This is about 60% US regional banks. There are 2 issues with US banks, especially the bigger ones. They have been sharply curtailed after the financial crisis, and can’t do a lot of the trading that they used to do. Also, they have had to pay huge fines. The fines seem to have finally worked its way through the system.

This is for hedging of your nonregistered portfolio. If you want to pull a little bit of risk off the table, you can Buy some of this which will hedge your portfolio a little.

This is a great place to park money. It never varies very much. You are less interest rate vulnerable.

Has held this for a long time, and it has done great. The only concern is that it has had a grind for 2016. The market reacted very positively to their CST purchase in the US. It had a big pop and then has faded back down. The problem is, they are going to have a lot of acquisitions they are going to have to work through right now, which is what the market is probably not rewarding them for. It will probably continue to consolidate for another couple of months, and then hopefully will resolve itself to the upside.

In August they reported earnings that were extraordinary. Underneath everything there were some great metrics. This is one that you have to own.

When there are really popular stories that are headline grabbers on both sides of the border, you need to step back. It is going to take a long time for serious money to come back to this name. He doesn’t see what the catalyst is to get the cloud away from the name.