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The problem he has with this is that it is foreign income. As a result, you are not getting the dividend tax credit. This is not something he would be interested in.

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Has always liked this, and it is actually a core holding. Being Vanguard, it is very low cost. Rather than having 500 stocks, it has something like 580-600, of which about 300 would basically be categorized as mid-cap. You have a little better diversification.

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Consumer Discretionary has been a pretty hot sector already. Price to Book is very high at around 5. If you’ve got a growing US economy and people are now getting the benefits, that means more discretionary money will be spent on big screen TVs, etc.

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He likes Europe, but not in love with it, and is doing this for diversification purposes. Doesn’t see anything horrific in Europe, but it is always a basket case, but not the way it was 2 or 3 years ago. He is in this one tentatively.