COMMENT
Important to remember timeframes in uncertain times. Faster pace of Fed rate hikes is likely to stabilize. Inflation is close to peak.
COMMENT
Considering investing in GICs. Is the BOC still expected to raise the prime rate? Bank of Canada is likely to match what the Fed does. Expectations are to be around 3-3.5% at the end of the year. Highest GIC rates, should come in the next 2 to 3 months. GIC is good for capital preservation but not the ideal choice when worried about capital erosion due to inflation.
BUY
Good option for someone in their mid-80s? Broad equal-weight basket of US regional and national banks. Pretty volatile and cyclical and getting less dividend than with Canadian banks. If already exposed to Canadian banks then good option, otherwise it would be wise to wait 3 to 6 months to see how the recession is going to play out on capital markets.
BUY
Great way to get lower volatility and lower risk exposure to markets. Recent weakness due to hit to energy markets. Like it a lot bellow $12.5. Good buying opportunity on this dip.
BUY
That ETF is a benchmark for growth risk. Downgrade of COIN today had a big impact. Recently added some to his long-term growth portfolio.
COMMENT
ZCH vs ASHR to invest in China market? ZCH originaly focused more on Hong-Kong while ASHR focused on mainland China stocks. In December BMO refocused ZCH to take more of an ESG lens. Very interesting for a China ETF. Ok with either one. A little of both is better, but like ASHR a bit more.
RISKY
Short-term hedge against volatility? Don't have a strong bullish view on crypto. Can still be traded. Yes can be a vehicle to hedge or speculate. Not recommend timing the market when it comes to Bitcoin.
COMMENT
Educational Segment. Jim Cramer recently called a market bottom. Disagree. Nasdaq has been underperforming. Now starting to outperform. Could argue some form of market bottom has been reached but not necessarily THE market bottom.
COMMENT
Inflation is peaking now and supply is improving. He hopes things will moderate. The big thing is the Russian energy issue, replacing Russian oil and preventing them from selling it. He expects car production to rise quite nicely in latter-2022. Not sure if a recession will come, but it would happen in late-2023 or early 2024. It's tough to have a recession when everybody has a job and demand is strong. The market has sold off a lot, down to 15x earnings. 2023's earnings' growth is 8-10%, and 4-6% beyond that. You're getting value for your money now in stocks.
WEAK BUY
It's one of the big healthcare stocks, a sector he likes. The issue here is that their big drug is coming off patent this year. Not sure how this will go. Be cautious in the coming year. The stock could be weak. Great dividend and drug pipeline, though.
BUY
It's one of the best-managed gold companies in Canada. They have a great asset base, including Australia after buying Kirkland Lake. He's not a big fan of gold; the price of it has lagged real estate and stocks. But AEM itself is a great company.
BUY
Lately, commodities prices like copper have come off. This is heading to $20 due to demand, and there hasn't been mineral exploration for 10 years. There are only 3 major copper mines being built in the world. MDI is a great buy during this pullback and is on his list.
BUY ON WEAKNESS
A nice company that seems to dominate the vitamin business, which offers long-term growth. Buy this at a decent PE. People buy this when markets are uncertain. Buy below $35.
BUY ON WEAKNESS
Copper's price has plunged in recent days, taking down other metals. Their Manitoba mines are hand-to-mouth, and South American ones still need to be developed. Consider this around $6-7, but it's a lower-quality mining business.
BUY
There was a lot of excitement in this during last year's reopening trade. A great company. It has sold off, but he'd hold it. It has a unique business model and was the first there.