It is 100% speculative. You have to be ready for a bumpy ride. We saw a big M&A transaction today and you will see a lot more of them. There will be a handful of survivors. This is incredibly overvalued today. If the US went for legal weed use, it would be a game changer. Wait until it is a value play after the next recession.

There is an ETF for the communications industry, which may be more appropriate if you are speculative. This late in the investment cycle you might want to stick with BCE-T until after the next market downturn.

ZWH-T, ZPW-T. Great puts being written 10-20% below where holdings trade gives an imbedded margin of safety. You get a great source of diversity. He likes to pair these two when he is negative on the markets. He is going to be adding these to portfolios. It helps to mitigate downside while giving you some yield.

ZWH-T, ZPW-T. Great puts being written 10-20% below where holdings trade gives an imbedded margin of safety. You get a great source of diversity. He likes to pair these two when he is negative on the markets. He is going to be adding these to portfolios. It helps to mitigate downside while giving you some yield.

A hedged version of the NAZDAQ-100. It is a way to play the NAZDAQ with pure market exposure, rather than currency, however he is not looking for a big breakout here.

Look at the ad spending dollars, greater than TV. We have another great 5 years ahead of us. This is one of the best spots and so it the PE. People go to Google for answers. (Analysts’ target: $1,246.32).

WeChat has nearly a billion users. They pay a little dividend. Companies that pay dividends always outperform. It shows the cash flow is there. This is a play on Internet and gaming. He likes it.