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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Larry Berman CFA, CMT, CTA , Chief Investment Officer, Partner

ETF Capital Management Inc.

Address
5160 Yonge St. Suite 1860
Toronto, ON
M2N 6L9

Contact Info
Telephone: 888-383-9753
Fax: 888-383-9753
Website: http://www.etfcm.com


Date Signal Chart Symbol Company Opinion Price
2016-02-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Healthcare stocks or ETFs.  Generally healthcare does not pay a huge dividend.  You have to be careful.  CSH.UN-T is not diversified enough.  He would like a wider perspective to healthcare.  A global healthcare ETF would be great, but you have to buy it in the US and take the currency risk.  Some ETFs with good returns are returning your own capital to you. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-02-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The last two January’s have been challenging.  The January Barometer says that as goes January, so goes the whole year.  It suggests that we get flat or negative returns for this year.  You have to be active and rebalance to take the risk down a bit. When you do get the panic it should be an opportunity rather than a fear.  This quarter’s earnings have come in so far much better than expected.  Companies are taking down their expectations.  The forward numbers coming down is a challenge for the markets.  He does not think we get above 2000 on the S&P in the first half of this year.  In oil, hedges roll off the books this year.  There are too many unknowns to have confidence in the oil market.  When we rally, take money off the table and then take advantage of dips.  Energy is a very important catalyst for what happens for the remainder of the year.  Japan has done stimulus for the last 17 years and has not fixed the problem for their aging demographic.  Canada has a similar demographic challenge.  The overlying challenge is the aging demographic.  Interest rates may have to say low for decades because of this.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-02-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Fixed income.  The entire bond world after inflation and tax is negative.  It is a bad investment.  But don’t replace it with equities and dividends.  When markets sell off, you should up your equity exposure. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-02-01 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold.  Every time gold has made a lower low, it has been the primary trend.  We have not seen a higher high.  If interest rates stay low for the next decade or two, it will peak in failed rallies.  Buy into dips and sell afterwards, but as a long term investor it is not time to invest yet.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-02-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Dollar cost averaging.  For the average person, if you are smart, you can make informed decisions beyond dollar cost averaging.  But don’t just invest on the month end.  He looked at the VIX index.  He took a rating of -1.57, and said put that same money in the market when it declines that much.  This is Smart Dollar Cost Averaging.  -1.57 is based on volatility and this is the moment you need to invest.  You don’t know whether to do it at the close or the next morning but he prefers the afternoon of the day of that volatility.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-02-01 BUY Must be logged in to use chart BAC-N Bank of America

US Banks.  If you made it 5% of you position, then don’t average down and buy more.  It is a bad idea to buy more.  If you hold less than a position then you could buy it.  It will be in a trading range for the next couple of years.


Price:
$13.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-02-01 BUY Must be logged in to use chart XTR-T iShares Diversified Monthly IF ETF

It is a balance income fund.  It includes bonds. It is good for a long term holding.  It is a nice diversified way to get exposure across the sector, but is concentrated in Canada.  Combine it with CYH-T.


Price:
$10.360
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-02-01 BUY on WEAKNESS Must be logged in to use chart ZRE-T BMO Equal Weight REITs Index

Equal rate REIT ETF.  He has said for the last year and a half that they had downside risk, but now he is at maximum position in REITs in his dividend fund.  In the last month or so he has been adding every time it has been getting weak.  This is one of the ones he holds. 


Price:
$17.180
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-02-01 BUY Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

Euro.  Covered call and hedged to CAD$.  This was one of Larry’s ideas.  He loves it for the principals.


Price:
$18.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The biggest ETF conference in the world is on this week in Florida.  2200 attendees this year breaks a record.  The head of OPEC called for a team effort to reduce production.  There is a Million to a Million and a half barrels of excess production.  If every producer cut back a half percent we would be fine.  Last week looked like a short term bottom and will build over the next month or two.  This overall market volatility will continue, especially in the second half of the year.  S&P earnings with 73 companies reporting are down 3.5%.  Earnings are beating on average.  There is an increasing lack of earnings growth potential in the world.  Don’t look for US markets to make new highs through the first half of this year if not into 2017.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Resource stocks.  He has been suggesting that Canada is 3-4% of the world for years and you should not overweight it.  He is now looking for trading rallies in this sector and you should only lighten up now when these rallies are on.  He expects oil to recover slowly.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

VIX – is it safe to hold an ETF for the VIX for more than a few days?  The smartest people in this marketplace have trouble trading volatility issues.  It is extremely difficult to do.  When underlying stocks cut their dividends it gets passed right through to the shareholders.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Hedging non-US$ currency.  Some ETFs hedge other currencies.  You have to look into what the ETF holds and how they hedge it.  Look at the CAD$ /US Pound or Euro hedges and exchange rates.  He is fully hedged in these currencies.  He expects to take more currency risk on with these later this year when the US$ peaks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Standard Deviation.  In December, securities regulators put out a paper for comment about more disclosure for mutual funds.  People don’t understand the true cost of investing.  However, the biggest cost to investors is really the emotional costs – the volatility.  People sell when they should be buying.  Standard deviation defines risk.  Looking back over 10 years, higher than 20% on your return means +60 to -40%.  The real cost of investing is being able to stay in the market to get that return.  ETFs are good for keeping in the stocks for the long term.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-25 BUY on WEAKNESS Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

It is probably one of the best companies in the world, investing in future growth and they have a lot of future investment in the company.  It should be great for the next decade.  Are they moving away from core competencies with the car and glasses?  You want to buy these stocks on pullbacks.


Price:
$733.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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1 Comment

raziel

April 3rd 2015 at 8:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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