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COMMENT
COMMENT
August 13, 2018

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

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ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

COMMENT
COMMENT
August 13, 2018

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

Show full opinionHide full opinion

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

COMMENT
COMMENT
August 13, 2018

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

Show full opinionHide full opinion

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

COMMENT
COMMENT
August 13, 2018

VUG or S&P 500? Late in the investment cycle, growth stocks keep going up, but then very late in the cycle, you want to go into value. In 2000-2, growth underperformed, and value went up. Going to see a similar rotation into value over next 2 years. Underweight growth for the next couple of years, and overweight value. Almost certain recession in next 2 years, and growth always underperforms.

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VUG or S&P 500? Late in the investment cycle, growth stocks keep going up, but then very late in the cycle, you want to go into value. In 2000-2, growth underperformed, and value went up. Going to see a similar rotation into value over next 2 years. Underweight growth for the next couple of years, and overweight value. Almost certain recession in next 2 years, and growth always underperforms.

COMMENT
COMMENT
August 13, 2018

Look at risk events. How will this perform in a stress environment? In 2006, this ETF had a nasty drawdown, almost 30-40%. During a recession, would expect similar behaviour. Could be OK for next 6 months.

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Look at risk events. How will this perform in a stress environment? In 2006, this ETF had a nasty drawdown, almost 30-40%. During a recession, would expect similar behaviour. Could be OK for next 6 months.

WAIT
WAIT
August 13, 2018

Wouldn’t touch it yet. Around Brexit lows, around $10, could make a case that there’s some value. You want to see the downward trend end or stabilize, and we’re not there yet.

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ING Groep NV (ING-N)
August 13, 2018

Wouldn’t touch it yet. Around Brexit lows, around $10, could make a case that there’s some value. You want to see the downward trend end or stabilize, and we’re not there yet.

COMMENT
COMMENT
August 13, 2018

VIX volatility based ETFs. Problem with volatility futures is you have to be nimble like a brain surgeon. Or you could lose 5-10% a month. Would recommend shifting to more defensive holdings like ZPW to preserve capital. Gives you insulation on the downside, plus some yield. For the average investor, stay away from the VIX based ETFs.

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VIX volatility based ETFs. Problem with volatility futures is you have to be nimble like a brain surgeon. Or you could lose 5-10% a month. Would recommend shifting to more defensive holdings like ZPW to preserve capital. Gives you insulation on the downside, plus some yield. For the average investor, stay away from the VIX based ETFs.