An alternative to straightforward S&P500. These focus on about 181 dividend growers. It has all the biggest, solid companies. He has been buying a lot of this one lately. Yield 1.41%

This has tracked well with the market, despite having covered calls. He has worked closely with the managers and has even sat on their trading desk. Its MER is 0.75%. About 50% does not have covered calls sold against the holdings. Yield 7.21%

When he sold out of his bond ETFs, he put it into cash.

Price target: 10,237 Yen The second-biggest maker of eyeglass lenses and a low-cost producer. He expects Hoya to take market share. It's also the world's second-biggest maker of endoscopes which will be used in selective procedures return post-lockdown. Hoya has been doing well, given its monopoly in photomasks used in lithography. Also are the only producer of glass used in hard-disk platters which helps transfer more data in a hard disc, which are seeing high demand.

Price target: 11,000 ILs The world's largest producer of hummus. People are eating at home alot now given the lockdown, so they are well-positioned short term. Well-managed.

Price target: 400.94 SFr A contract producer of pharmaceuticals, the biggest maker of biotech drugs and small-molecule drugs (pills). Chinese and Indian competitors are unreliable (receiving FDA notices), so Lonza is capturing market share who are reliable.

It has been one of the best managed companies in Western Canada for decades. The dividend is around 10%. If there is not a multi-year downturn in volumes they will be able to maintain the dividend. (Analysts’ price target is $38.11)

It is a proxy for a lot of preferred shares at present. It came off due to ETF sales. 7.75% dividend and you are senior to the shareholders. This is now a fixed income instrument. This is a more conservative pick.

It is the most miss-priced security in the portfolio. 70% of it is US utilities. They had a favourable impact from currency in this. It has about a 7% yield. (Analysts’ price target is $18.43)

They have a very good hedge book -- 55% hedged at $59 WTI. When oil prices recover back to normal it will become one of the top takeout targets. Yield 0% (Analysts’ price target is $3.98)

A natural gas and condensate producer. They are 34% hedged at $76 CAD and 24% of their liquids production receives a premium to WTI. His biggest position in his portfolio. Yield 0% (Analysts’ price target is $1.62)

The only large cap producer he owns. They have liquidity to make it through. He projects a cash burn of $1.1 billion on over $4 billion of liquidity at $30 oil. Yield 0% (Analysts’ price target is $7.02)

Long term, coming out of this, we will get a global reset here. He wants to go to places that are not burdened by tremendous debt and have young populations with runways of economic growth as people age. The developed world's populations are old.

Parts of sub-Sahara and the Middle East. It is a notch below the emerging markets. You get exposure including banks, telecom and construction. There is a lot of risk and currency exposure.

The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.