COMMENT

Preferred share market in Canada has become complicated with all these resets. HPR is actively managed. Would work pretty well in rising rate environment.

COMMENT

For a small cap ETF, IWM or OUSM or IJR? Granddaddy is IWM, which has already had a pretty good year. For small cap in the US, go with this because it has liquidity. You can use the options market if you want something fancier. Be careful, as this are subject to US estate taxes. In Canada, use an active manager in this space. Canadian small-cap needs an active manager, rather than an ETF.

COMMENT

IWM or OUSM or IJR? Granddaddy is IWM, which has already had a pretty good year. For small cap in the US, go with this because it has liquidity. You can use the options market if you want something fancier. Be careful, as this are subject to US estate taxes. In Canada, use an active manager in this space. Canadian small-cap needs an active manager, rather than an ETF.

DON'T BUY

Use it for all of a TFSA? Never put all of any portfolio in any one name. Diversify. ZWU takes utilities stocks and sells options against it. You give up performance for income, so you don’t get where you want to go. He’d dissuade someone from using this one. Use a global ETF. Or even make it simple with 50% in XBB and 50% in something like XWD, and on your birthday, just rebalance.

PAST TOP PICK

(A Top Pick June 1 / 2017 , Up 1%) Gain has gone out of it in last 6 weeks, but they’ll add to their position. Stocks influenced by Euro directly, so Germany and France are #1 and 2. Doesn’t think tax will be put on. Will bounce once trade war rhetoric blows over.

PAST TOP PICK

(A Top Pick June 1 / 2017, Up 5%) EM used to be resource-oriented from South America. It’s now an Asia ex-Japan index, dominated by IT and by China, Korea, and Taiwan with names like Tencent and Alibaba. Costs only 25 basis points. EM bore the brunt of Trump’s screaming, but will bounce back when this is over.

PAST TOP PICK

(A Top Pick June 1 / 2017 , Up 4%) Still likes it. Core part of their portfolio. Investor confidence level goes down outside of US. This is the equivalent of the S&P 500 outside of the US. Mega-cap global index. Not on the tech side, much more cyclical. Doing better before Trump got involved. Last 6 weeks, international ETFs hit hard. Trump is just negotiating, and these stocks will bounce. Value is better in Europe and Japan than in NA.

COMMENT

Tech ETFs right now? Too late for this. Had a fantastic run. The S&P 500 is the harbinger of all equities, at 60% of the market. Driven by tech stocks, which are mainly US. Everything good about tech is already there. If anything goes wrong, they’ll be hit. Look to 2001-02 for the tech wreck, though now it’s a much more solid market.

DON'T BUY

ZWU or ZWB? Add more to both? Utilities and banks, covered call. Wouldn’t add more, and be especially careful with the utilities one in a rising rate environment. Might want to use the Vanguard VXC, world index excluding Canada. Inexpensive, liquid. Encourage people to look outside Canada for growth.

DON'T BUY

ZWU or ZWB? Add more to both? Utilities and banks, covered call. Wouldn’t add more, and be especially careful with the utilities one in a rising rate environment. Might want to use the Vanguard VXC, world index excluding Canada. Inexpensive, liquid. Encourage people to look outside Canada for growth.

BUY

Inexpensive, liquid. Encourage people to look outside Canada for growth.

DON'T BUY

AI works really well for lots of things, but portfolio management isn’t one of them. Investing is an art, not a science. This ETF is like blockchain and marijuana, which people love, but it’s too early on these things. They’ll give up profits when the market turns. He’d be careful.

BUY

Good choice for EM exposure? Yes, though Vanguard products are all inexpensive. Core block in emerging markets. Not a lot of small stuff anymore.

COMMENT

Emerging market small-cap? This is a specialty. Go to an active manager like Mawer for global small-cap, non-Canadian.

BUY

A good idea. He runs multi-asset portfolios, concentrating maximum equities, minimum fixed income. Great one-stop is multi-currency baskets. All you have to decide is what percentage of your portfolio you want in equities, and it keeps you from fiddling around with your portfolio.