Commercial kitchens. If you pull up a long term chart, it has been a great compounder of value over their long term. What they have done historically is really through acquisitions, moving into different niches in the commercial kitchen space. Has been doing a great job of articulating what’s in it for the customer. Likes to keep a new refresh cycle below 2 years pay back for the customers. (Analysts’ price target $142.)

A contrarian play going into 2018. Sees a strong year in 2018 with a lot of the issues plaguing the company in 2017 alleviating themselves. In their last call announced they were going to slow production and instituted a dividend to pay that back to shareholders (Analysts’ price target $30.)

They take bank stocks, or insurance and in some case energy companies, and then they split it internally into preferred shares or common shares, and then they write covered calls on the common shares. They are getting yields around 13-14%. That brings up the question: How is that possible? He’s been doing coverage calls for 30 years, if he get 10% or 12% he is very pleased, but you’re never going to do that consistently. What they’ve got is a very very good yield but if you take a look at the volatility, and there's a lot of volatility, in 2016 the market was down 15% and this stock was down 60%. In 2007-2008, the market was down 60% and this was down 80%. It’s a yield play. Never trust the yield. You have to look behind and see what’s going on there and what’s creating the yield. He wouldn’t touch this.

It’s basically feed and seed plus some John Deere equipment manufacturers etc. It has done fairly well and it’s a way to play that sector and there’s nothing wrong with it. It’s been around for quite some time. It wouldn’t be his most preferred choice but it would be something he wouldn’t have an objection to but he wouldn’t be overweighted either.

Not something he is specifically familiar with but there are a number of different based ETFs, theres ZDV-T from BMO, XDV-T from iShares and XEI-T. They all have a little bit of a different focus. Most of them are largely the banks and utilities. You might want to take a look at the weighting of each sectors from ETFs manufacturers website and see which one of those you like.

If he was going to play the emerging market he would certainly choose that one because it’s Vanguard and the cost is going to be very low. He hasn’t been playing very much in the emerging market, because in general the S&P 500 has half of its earnings come from non-U.S. sources so you are actually playing the emerging market already. Since a lot of the global economy seems to be improving, he has taken a look at this, but it’s just that right now he prefers the U.S.

(A Top Pick June 30/17. Up 8%.) That’s a core holdings in all of his portfolio. It’s a little bit more diversified than the XIU-T. He likes both because they both have a liquid options market. From time to time he will buy a Put or sometime he will sell a Call which is quite rare, so he likes the fact that its liquid. These indexes don’t get away from the typical 65-70% of banks, energy, base metals and gold. He would recommend ZIN-T from BMO because it’s industrials rather than being financials and it’s a good complement to the big ones.