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

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John DeGoey , VP & Assoc Portfolio Mgr

Burgeonvest Bick Securities


Date Signal Chart Symbol Company Opinion Price
2015-08-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He wants to be everywhere except “Canada”. His typical client would have maybe 20%-30% of equity exposure in Canada. That number is starting to go down and he is telling his clients that if they want to meet their targets they have to a) reduce their Canadian exposure or b) realize that their target is going to be lower than what they had thought. Thinks Canadian equities will underperform other parts of the world for the foreseeable future, by maybe 2%. Canada, by market cap, is only about 4% of the world. When he talks about investing, he usually talks about having some money in income and then equal weighting in 5 other asset classes, but has been telling his clients to get out of hard commodities of rocks and trees, but instead use things like infrastructure, agriculture and water. They are a little more recession proof and are doing better in this environment. He tends to use ETF’s which have a global mandate and which give very little or no exposure to Canada.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
_N/A
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Collapsing a RIF and moving the funds to a TFSA? Why do you want to do this at all? What you are doing is accelerating your tax liability. If you take all or most of the money out of your RIF, all of that money will be taxed in the year of the withdrawal. That could bump you into a higher tax bracket. If you take the money out in dribs and drabs, you might be able to save yourself some taxes and reduce your OAS claw back. There is a tax benefit you get if you have pension income.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Sector weighting in a portfolio? There are 2 ways of doing this. You can buy more globally diversified portfolios, or you can go sector by sector. He prefers buying a more globally diversified portfolio, and as a by-product, you tend to not overweight any given sector.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

What can an investor due to produce income with little risk of capital? There is nothing you can do. You can either get some security with very little income, or you can try to get a little bit of income and forgo the security. In this environment, income and security is not going to happen.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

In an RRSP, is it prudent to have half in a Global Stock Index fund and half in a US Bond Index fund? Why wouldn’t you have half in global stocks and half in “global” bonds? He doesn’t know if US bonds are better than anywhere else. He doesn’t like bonds, so he wouldn’t do that.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Better off taking money out of an RRSP every year at 25%-35% tax, or waiting until the estate is settled where it will be taxed higher at 50%? It depends on how long you are going to live. On the one hand you are taking money out and paying the tax sooner, and if you can actually defer that 25%-35% tax for the next 10-20 years, you get the extra 10-20 years of compounding.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market-linked or conventional GIC? Believes market-linked GICs, or better yet, their 1st cousins Principal Protected Notes (PPN) are better than traditional GICs. Gives you most of the capital appreciation, you don’t get the dividend of the stock market or PPN, but there are 3 benefits. 1.) It is liquid, so if you want to sell it before, with a PPN, you get liquidity after about one year. 2.) If you sell it and it is up, then you will be paying tax as a capital gain on the proceeds, whereas with the traditional GIC or even equity linked GIC, that will be taxed as regular income at your top marginal rate, so you cut your tax liability in half. 3.) If you are wrong and the stock market drops, as long as you hold it until maturity you get your money back.


Price:
$0.020
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 DON'T BUY Must be logged in to use chart CBO-T iShares 1-5 yr Ladder Corp Bond ETF

Everything he said about iShares 1-5 yr Government Bond ETF (CLF-T) are equally true for this, only you are going further out on the yield curve. Corporate bonds are riskier than government bonds with the added risk of this one’s underlying basket of securities being more volatile. This is a sort of thing that is going to grind down the NAV. It is fine as a cash-park, but if it were him he would literally use cash instead.


Price:
$19.510
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 DON'T BUY Must be logged in to use chart CLF-T iShares 1-5 yr Government Bond ETF

Doesn’t think a 3.5% yield is sustainable in this environment. This is the sort of thing that will grind down the NAV. It is fine as a cash-park, but if it were him he would literally use cash instead.


Price:
$19.370
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 PAST TOP PICK Must be logged in to use chart COW-T iShares Global Agriculture ETF

(A Top Pick Sept 2/14. Up 11.19%.) His way of trying to find ways to get people into soft commodities where there is no real inflation.


Price:
$33.160
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-08-17 COMMENT Must be logged in to use chart VEF-T Vanguard MSCI EAFE Index ETF

A product he uses from time to time and has recommended it in the past. It is an EAFE product, developed markets outside of North America. It has done pretty well.


Price:
$37.730
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 TOP PICK Must be logged in to use chart VXC-T Vanguard FTSE All-World ex Canada

(A Top Pick Sept 2/14. Up 20.03%.) A way to reduce exposure to Canada. You are getting your stocks, but you are getting out of those rocks and trees which is such a big part of the Canadian economy.


Price:
$30.430
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-08-17 BUY Must be logged in to use chart XFH-T iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)

As long as you hold it judiciously it could be a core holding, such as low double digits as a percentage. Because it has the total investable benchmark index, you are getting a lot of small company names and a lot of exposure to stocks from around the world, especially in Europe. A great way to get diversification, both in terms of getting outside of North America, but also by tilting modestly towards small company stocks. You have to decide whether you want hedged or unhedged, and for most products right now he is using unhedged, but sometime reasonably soon, when he thinks we have hit close to a bottom, he will probably be putting the hedge on the US positions that he has, as he thinks the Cdn$ will drop further, when interest rates are raised further in the US. (Be aware that this could trigger some capital gains.)


Price:
$20.930
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-17 TOP PICK Must be logged in to use chart XMI-T iShares MSCI EAFE Minimum Volatility

This gives you Europe, Asia and the Far East. It gets you out of Canada, and if you are concerned about volatility it minimizes it.


Price:
$34.030
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-08-17 TOP PICK Must be logged in to use chart XMU-T iShares MSCI USA Minimum Volatility

If you are looking at a way to buy the US market in order to minimize exposure to Canada, this one gives you exposure to US stocks without having to deal with the ups and downs in what might be a volatile market going forward, you are at least getting exposure with less volatility. This is not currency hedged, so you may want to watch that because at some point he thinks currencies might start to go the other way.


Price:
$38.040
Subject:
PERSONAL FINANCE & ETFs
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
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