BUY
Altagas Ltd
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
oil / gas
BUY
Really likes it. Trading at a big discount to NAV. Well-run. Tremendous value and pays a wonderful dividend. You hold the Brookfield subsidiaries like this for income. This exposes you to an undervalued, diversified REIT.
REAL ESTATE
COMMENT
How do dividends work? Companies pay dividends out of profits. It's small enough and paid quarterly, so paying out won't detract the value of the company. But if a company pays 20% of its earnings, that's a red flag. A yield above 6% risks a cut and could be a red flag.
Unknown
DON'T BUY
Methanex Corp
It closely tracks oil prices, which means their chart recently has been brutal. Oil is a tough space now.
chemicals
BUY
Toronto Dominion

He likes the Canadian banks, especially this, BNS and RY. They pay a slightly lower dividend, but reinvest that, particularly in their US operations. Trades at 11x forward earnings. A great stock.

banks
DON'T BUY
A classic value trap for several years. It has several issues, starting with a leadership void. They hold some great infrastructure assets, so there's some value here. But there is so much opposition to unlock that value. They got into some political trouble. Avoid.
contractors
DON'T BUY
Apple Inc
Sure, a phenomenal company, but there's too much product risk: 50% of its business comes from only the iPhone. They're transitioning to services, but that will take time. People will hang onto their phones for a long time, and won't buy as many new ones.
electrical / electronic
TOP PICK
Pays a 6.12% yield, low risk, though offers limited growth of 1-2% FFO growth. They have streamlined with diversified properties in office, retail, industrial and residential. They're re-allocation capital in higher-growth markets.
property mngmnt / investment
TOP PICK
Nutrien Ltd.
Pays a good 3.5% yield. 60% of profits come from agricultural production and 40% from retail distribution to farmers. After their merger, they've been streamlining operations. Trades at 10x cash flow. Expect good earnings growth and multiple expansion over time. Their retail business gives them stability and makes the yield safe. (Analysts’ price target is $83.06)
agriculture
TOP PICK
CVS Health Corp
There's been a lot of negativity about the US health space, because no one knows what US healthcare reform will amount to long-term. This is an integrated healthcare provider including insurance. Trades at 9x earnings. (Analysts’ price target is $70.88)
specialty stores
COMMENT
The market expects a 25-point cut tomorrow by the US Fed's Powell. All these cuts are staving off the recession, which he expects 12 months from now. He hopes to keep selling in 2019. We will have trade uncertainty as long as Trump is President. (FedEx just reduced its forecast due to trade tensions.) Don't invest by guessing the outcome of the trade war; it's a moving target. That said, markets are relatively benign now.
Unknown
BUY
BMO US Dividend ETF
A great product that accesses American dividends. It does its job.
E.T.F.'s
BUY
Invest $200K in only this? Generally not a good strategy, but VGRO is a single-ticket product, meaning it contains a wide, broad mix of equities. It's up only 3.25% this year so far, due to the European exposure. But VGRO is simple and covers the world for you.
E.T.F.'s
PARTIAL BUY
Targets 60/40 US/Canadian. Given coming volatility, invest in this or wait for dips? Yes. Though for an RRSP, you have until end-February to invest and get the tax credit. Or you can contribute to cash and invest down the road and still get the tax credit. Generally, yes, invest it or split the investment between ZLB and an American ETF.
E.T.F.'s
COMMENT
Passive vs. active investing in US stocks He's shocked that Canada is 90% active vs. the US. There's increasingly more money going into passive investing. Active investing doesn't add value, so lower your cast by buying passive investing. Canadians have to catch to America where passive is far more popular.
Unknown