It has never been cheaper. 70% of their sales come out of the US. It has never been cheaper. The shorts will have to run for cover. (Analysts’ target: $35.00).

He advocates ZWE-T because it has the covered call strategy. Either one is good late cycle to play dividend payers. But you are not immune to the cycle. It would not be a bad holding.

There used to be perpetual preferreds that did poorly when bonds went up. He does not see a lot of growth here. He has been trading it. He trades a range. He prefers the indexed strategy to going into specific preferreds. HPR-T is an alternative he prefers.

[US Income] This is not going to be a great growth area. High Growth should go into a TFSA, so this one goes into a registered account.

A conservative balanced portfolio. Until you have a full year of dividends, it is hard to know what the full dividend payout is going to be over a year, It will be the trailing yield that is published with the ETF. You are getting diversified exposure, globally. Don’t look at the dividend yield. Try annualizing the last quarterly distribution over a year.

Banks insurance and so on – high yielding stocks. Late in the cycle you will get a bit higher yield. It is limited to Canadian companies so there is no global diversification there. Sometimes it pays to have financial advice.

He is not bullish on Canada and would not play dividends through this one.