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This would be for a RESP account. He likes a multi-sector ETF. Enhanced means leveraged. It's an OK buy for students and the long term.

The question was on an i shares Composite High Dividend ETF and individual securities. He would not go into single securities at this time. An ETF is more stable because it is diversified and can take draw downs. He has been and still is avoiding Canada, now because of tariffs and the economy. Also there is an election coming up and there will be a new administration.

He doesn't know if it's geared to low BETA or not. It is fine as a component of a retirement portfolio.

The question was on ETF's hedging the U.S. dollar. This involves timing and that is an issue. He is going unhedged recently. If the U.S. dollar is strong then go unhedged. If the Canadian dollar is strong and going up then hedge. Sometimes it's best to not pay attention to hedging and just let it play out.

He is not putting money into Canada even though it is cheap. He is more worried about tariff impacts, etc.

It has 75 different stocks and some are down substantially. They are part of a growth story and the market has discounted growth. He will continue to hold.

It uses a covered call strategy to insulate what we're seeing and the window for covered call is still open. The income is tax efficient.

It is a solid ETF at quite a low cost. Its companies, tech and otherwise are so cemented and still seeing growth. Tech is concentrated on higher tech names. He is holding and adding some.

Diversification goes back to asset allocation between fixed income and equities. There are over 1500 ETF's in Canada,

The question was on a minerals ETF such as UAM in the uranium field. There is also URA. Do not hold more than 5% in a 100% equity portfolio.

Editors Note: The question was on the Horizons Marijuana ETF but the symbol couldn't be found. He feels the industry has been saturated. He would advise selling and moving on with your capital. It is a complicated story and he doesn't know if the U.S. moves on it.

The question was on preferred shares. He thinks of them as a long bond and doesn't hold them. They are OK as a part of a group of fixed income holdings. They can be used as short or long term investments. With rates going down he is OK with preferred shares.

It has drawn down 10 to 12% so this may be an opportunity. It's better to buy smaller bites and not attempt to just buy at the bottom. This is a good strategy for the long term.

ENCC is the un-levered version so he would gravitate towards that since both are similar. No more than 10% of the portfolio.

The question was on covered calls. These work well when markets are volatile and he thinks the market is still good for covered calls. It is complicated. The time is right now, but long term they will drag the portfolio down. Markets going up are not good for covered calls.