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(A Top Pick Dec 9/16. Down 1.85%.) Synthetic Long Position. A play on financials and is still bullish on them. This is synthetically the same as owning the stock, but much more tax advantaged for a Canadian holder.

(A Top Pick Dec 9/16. Up 31.11%.) Long term January call. This was just a way to leverage a position, and this is still good till next January.

The issue you should think about when investing in marijuana stocks is legalization, and what comes after that. He thinks the government is going to manage costs and margins very tightly and companies are going to be saddled with enormous regulations.

Canadian Dollar? Trying to forecast where currency goes is like trying to predict Wayne Gretzky’s next move based on his past one. It is better than a blind guess, but not much. We have a weaker dollar on the back of US grandstanding regarding NAFTA. Trump’s bark is probably 100 times greater than his bite. He doesn’t want out of NAFTA. We are probably going to have some choppiness in the Cdn$ while we go through that. The dollar is going to perform based on how the US economy strengthens.

ETF for a moderate investor? He would make it simple by putting 60% into the TSX 60 iShares (XIU-T) and 40% into the Government Bond Index (XBB-T), and just rebalance it once a year.

In an RSP, rotate 2 or 3 high beta when the market turns. Good philosophy? This is called market timing, by going to a lower risk model when the market is turning, and to a higher risk model when the market is rising. You can’t tell when the market is going to turn. A combination of high beta and low beta would probably put you in the position you would be if you just had a well-balanced ETF.

One of the issues with the Consumer Discretionary space is what is called the “Amazon affect”, which has had such a major impact on so many retailers. He thinks you are almost better off picking a retailer that has been able to restructure itself and immunize itself as best as possible against Amazon. Coach (COH-N) would be an example. If you can afford it, he would buy Amazon as your starting point and look for a couple of retail companies that you think have an opportunity to continue.

Dividend 15 Split Corp. (DFN-T) or Dividend 15 Split Corp. II (DF-T)? Both are Split shares. This one is 15 banks and financial institutions in Canada and the US. You have a capital share which is paying a 16% dividend, which comes back to the unit Holder. You are just getting the capital growth that is coming from the banks. He wouldn’t buy both, because you are looking for either growth or income. He would use one or the other and build that in your portfolio.

Dividend 15 Split Corp. (DFN-T) or Dividend 15 Split Corp. II (DF-T)? Both are Split shares. The preferred share is the low risk preferred share dividend. He wouldn’t buy both, because you are looking for either growth or income. He would use one or the other and build that in your portfolio.

The premiums for options seem very, very thin. Because of the diversity that protects you? Yes. This one is just the capped TSX 60. It was designed when Nortel was a big part of the index, so they capped the exposure to one stock. We don’t really have that issue today. You are looking at a diversified ETF that isn’t particularly volatile.

The premiums for options seem very, very thin. Because of the diversity that protects you? Yes. This one is just the capped TSX 60. It was designed when Nortel was a big part of the index, so they capped the exposure to one stock. This is really representative of Canada’s economy, very much dependent on raw materials and energy, and is about 30% of this one. We don’t really have that issue today. You are looking at a diversified ETF that isn’t particularly volatile. You have optimal diversification, which is why this one often underperforms the S&P 500.

This has fallen about 25% since it reported earnings. They had a couple of new lines of chips with a couple of new ones and lots of hype on. They’ve been tested and are not any better than Intel chips, some saying not quite as good. The company took a big hit on that, and is probably at a point where you are going to see some support. This is purely an option play. The option premiums have expanded dramatically because the stock sold off. A very good Covered Write in his opinion. If the stock does not get called away, you can do it again 6 months from now.

This is a financial services company. He really likes their business model. It is making inroads with a lot of small businesses, because they are more cost-effective than running the normal credit cards through. He is doing a Covered Write on it. The premiums are quite rich on it.

A play on Europe. They have just had a writes issue. Have refinanced and recapitalized the company and the business. They are an impenetrable bank in Europe. If you believe Europe is starting its road to recovery, banks are going to do the same that they did in the US. He has a covered call on this.