COMMENT
Nothing is on sale in this market since last November when stocks jumped sharply. Good value is hard to find. Stocks will go higher, a far cry from March 2020. Today, we're seeing a 2% dip--a retail investor shouldn't chase it. A 10% dip gets his attention, but at 15% he starts buying. He likes Canadian and American banks, because interest rates will slowly increase and raise the net interest margins for the banks. Also, the banks have a lot of capital held over from the pandemic. Third, the economic recovery is a tailwind. His covered calls in US banks is up 50%, surprising even him. The job outlook looks positive, because the end of government supports will force those to find work.
Unknown
BUY
An ETF for a TFSA It tracks the S&P 500, hedged against a decline in the US dollar. It's a core position for him. Solid. Also, ZWB, a covered call on Canadian banks, yielding 5.5%, a surrogate for the Canadian economy.
E.T.F.'s
BUY
Nothing wrong with this. Tech is important to own, though will be volatile.
E.T.F.'s
BUY
An ETF for a TFSA ZWB, a covered call on Canadian banks, yields 5.5%, and is a surrogate for the Canadian economy.
E.T.F.'s
BUY
It covers the TSX, very comprehensive, a core Canadian holding. He's very overweight in the US, but for the TSX, he owns this.
E.T.F.'s
DON'T BUY
No, investing in China and Chinese tech is not good now. The government has so much influence over markets with crackdowns on real estate and gambling stocks, and the country's stocks lack transparency. Everything is seen through a political lens. He avoids Chinese stocks, period.
E.T.F.'s
HOLD
If you already own this, hang on. Though, for new clients, he will invest in the S&P, because you must own this or similar S&P ETFs. The S&P has run up so much, so he doesn't add if he already owns VFV.
E.T.F.'s