COMMENT
Buy puts when the market is going down? When buying options (buys or puts) remember that time is your enemy due to price erosion. Rather he looks to buy options ahead of market reaction to a specific event -- like the earnings season. He thinks buying and holding options for an extended is not a good strategy as you can lose 75%-100% of your capital.
Unknown
HOLD
A covered call on international markets ETF. Not a bad think right now if you already hold it. There could be good dividends streams, although he is not thrilled with international markets a the moment.
E.T.F.'s
HOLD
He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%.
E.T.F.'s
HOLD
He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%.
E.T.F.'s
DON'T BUY
This was a great holding, paying 7% yields, when the market was going well. He sold his holding because he did not see good things for Europe markets.
E.T.F.'s
COMMENT
When to own Covered Call ETFs? Only until recently would he suggest moving out of coverall calls. However, right now he wants to own the outright equities. This is part of a strategy for volatile markets. He is afraid of giving away upside when the market recovers.
Unknown
COMMENT
How do you select ETFs? He likes low MERs in general when looking for ETFs -- usually under 10 bps. Don't buy the "smart Beta" ETFs with higher MERs. Look at iShares, BMO and Vanguard websites for more specific information. He thinks many of the higher MER ETFs might close down as there are simply too many doing the same thing at higher costs. He thinks XIN-T is a good candidate for the European markets as an example.
Unknown
COMMENT
How do you select ETFs? He likes low MERs in general when looking for ETFs -- usually under 10 bps. Don't buy the "smart Beta" ETFs with higher MERs. Look at iShares, BMO and Vanguard websites for more specific information. He thinks many of the higher MER ETFs might close down as there are simply too many doing the same thing at higher costs. He thinks XIN-T is a good candidate for the European markets as an example.
E.T.F.'s
HOLD
There are remarkable changes going on in India. Deregulation is under way and there is a huge democracy growing with citizens that are very tech savy. It may be disappointing in the short term, but a good long term hold.
E.T.F.'s
TOP PICK
He likes the asset allocation for a market that has fallen over 15%. It deals with value stocks and avoids FANG stocks. Yield (12-month) 2.8%.
E.T.F.'s
TOP PICK
He is looking for a rebound in oil and it is trading at three years lows. When something is this cheap it is worth looking at. It holds all the big US integrated stocks and avoids Canadian only energy holdings -- where he is not thrilled to be in right now. Yield (12-month) 3.5%.
E.T.F.'s
TOP PICK
He likes this better than bond mutual funds as the MER is more attractive. It is very short term duration and investment grade corporates with very low 15 bps MER. Yield (12 month) 3.5%.
E.T.F.'s
COMMENT
A typically volatile day today. It started ugly, but ended up. That's great, but this volatility needs to stop. He would love a couple of weeks of calm with Trump keeping his mouth shut, so we can build a bottom then go up. We'll get Q4 earnings soon. Oil prices helped today's rally, but PMI data from China was not good. Trump thinks he can--and needs to--fix trade tensions with China. There is a global growth slowdown, but there will still be growth this year. It will take a few weeks, at least, to find calm. If earnings are okay (the bar is so low), that will start to calm markets--and if Trump calms himself too. Markets no longer ignore him--they're paying attention because he effects trade.
Unknown
RISKY
Baytex Energy Corp
Too much debt, making acqusitions, and need to fix the balance sheet. The current $2.50 price is too low, though. They are oil-levered, so if oil recovers, you can make a lot of money with BTE. He predicts oil going to $50-60.
oil / gas
BUY
Bank of America
He's long owned BAC. The entire growth has pulled back, because of interest rates not rising as much as expected. BAC is in good shape. If the US economy does well, this will do well. Likely dividend increases.
banks