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Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
February 25, 2020
A very old one from 2003, the largest in water. It focuses on purifying water. Water will become more important than oil. It's US-focused. CGW and CWW are more globally-oriented water ETFs. PHO scores high in ESG. This has good tailwinds, but that's already priced into PHO. Trade at 4x book and 33x earnings. This has outperformed its peer in the U.S. Wait for a correction.
A very old one from 2003, the largest in water. It focuses on purifying water. Water will become more important than oil. It's US-focused. CGW and CWW are more globally-oriented water ETFs. PHO scores high in ESG. This has good tailwinds, but that's already priced into PHO. Trade at 4x book and 33x earnings. This has outperformed its peer in the U.S. Wait for a correction.
PARTIAL SELL
PARTIAL SELL
February 25, 2020
Any asset tilted to deflation is a winner. US growth stocks are a very crowded traded, so not good. They're melting up at a crazy pace. Take profits from the US tech sector.
Show full opinionHide full opinionAny asset tilted to deflation is a winner. US growth stocks are a very crowded traded, so not good. They're melting up at a crazy pace. Take profits from the US tech sector.
DON'T BUY
DON'T BUY
February 25, 2020
A small-cap Japan ETF? Vanguard offers cheap MERs and diversified ETFs, but US stocks are overbought. Look at EM, Europe, Japan, etc. instead. There's a risk of melt-up with US stocks, but not outside the U.S.
Show full opinionHide full opinionA small-cap Japan ETF? Vanguard offers cheap MERs and diversified ETFs, but US stocks are overbought. Look at EM, Europe, Japan, etc. instead. There's a risk of melt-up with US stocks, but not outside the U.S.
COMMENT
COMMENT
February 25, 2020
It's a good place to start, low-cost and liquid. Long-term this is set up for a good return. But this is very broad-based, overweighting the winners of recent years. He prefers specific
Show full opinionHide full opinionIt's a good place to start, low-cost and liquid. Long-term this is set up for a good return. But this is very broad-based, overweighting the winners of recent years. He prefers specific
BUY
BUY
February 25, 2020
A long-term hold? A great long-term hold as a building block for a diversified portfolio. A great, actively managed ETF with the right sector mix. The only worry is that interest rate-sensitives assets like REITs have had a great run-up and are now overvalued. Pays a good 4% dividend. A long-term hold.
Show full opinionHide full opinionA long-term hold? A great long-term hold as a building block for a diversified portfolio. A great, actively managed ETF with the right sector mix. The only worry is that interest rate-sensitives assets like REITs have had a great run-up and are now overvalued. Pays a good 4% dividend. A long-term hold.
PAST TOP PICK
PAST TOP PICK
February 25, 2020
(A Top Pick Sep 26/19, Up 13%) A unique kind of ETF--mortgage REITs don't own physical property, but borrow short and lend long to mortgage-backed securities. The lifeblood of mortgage REITs is a positive yield curve. REM is a bet on a steepening yield curve. Great for income seekers.
Show full opinionHide full opinion(A Top Pick Sep 26/19, Up 13%) A unique kind of ETF--mortgage REITs don't own physical property, but borrow short and lend long to mortgage-backed securities. The lifeblood of mortgage REITs is a positive yield curve. REM is a bet on a steepening yield curve. Great for income seekers.
PAST TOP PICK
PAST TOP PICK
February 25, 2020
(A Top Pick Sep 26/19, Up 4%) Europe has zero expectations for growth, so this was a reluctant top pick. Europe has been left for dead. Long-term though, this should be fine, because of rock-bottom interest rates there, there's a move from bonds into stocks.
Show full opinionHide full opinion(A Top Pick Sep 26/19, Up 4%) Europe has zero expectations for growth, so this was a reluctant top pick. Europe has been left for dead. Long-term though, this should be fine, because of rock-bottom interest rates there, there's a move from bonds into stocks.
