Viewing Expert Richard Croft | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Richard Croft , President

R.N. Croft Financial Group Inc.

Address
218 Steeles Ave East
Thornhill, ON
L3T 1A6

Contact Info
Telephone: (905) 695-7777
Toll Free: 1-877-249-2884
Fax: (905) 695-9777
Email:
Website: http://www.croftgroup.com/index.htm

Bio:

R. N. Croft Financial Group Inc. is a boutique portfolio management company, providing fully customized discretionary asset management to discriminating investors. Our investment approach combines low cost tax-efficient indexed investment strategies, with targeted active management, and sophisticated options techniques to maximize client returns at any risk level. Our portfolio processes are unique, flexible and comprehensive.

Date Signal Chart Symbol Company Opinion Price
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Portfolios. Bonds may be the highest risk asset in a portfolio. We have had a very high interest rate environment for so many years, and as interest rates come down, bonds do very well. We are at the bottom end of the interest rate cycle. The federal reserve is being very adamant they are going to raise rates. We’ve seen some of that bump already take place on the mid to long end of the curve. Rates going up means bond prices are going to go lower. Thinks the Fed is going to have to start reducing their balance sheet. They are still carrying about $4 trillion on their balance sheet, which was just new money printed by the Fed and put into the system. When you don’t have inflation, that doesn’t necessarily disrupt the currency. But, as you continue to print lots of extra dollars, which is still going on in Europe and Japan, and as the world continues to get flooded with new dollars, it reduces the value of the currency, and you see it going into the value of harder assets.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Preferred shares. Prior to the financial crisis, they traded at roughly the yield and would be roughly 80% of the yield you would get on a corporate bond of the same company. That was because of the dividend tax credit on nonregistered accounts which, when grossed up, gave a little better return on the dividend, after tax. During the financial crisis, a lot of preferred shares got hit hard, particularly in the US. That caused a huge reaction in financial markets, and investors started to realize that companies don’t have to pay a preferred dividend, and not worry about bankruptcy if they don’t. Good quality preferred shares today are yielding about 120% of the yield of corporate bonds on the same company. Thinks they are vastly undervalued and you are getting a better yield that will give you some cushion as interest rates rise and as investors start to gain some comfort with preferred shares. A good way to play the income component of a portfolio.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cdn All Cap, US All Cap, Int’l All Cap for a portfolio. Is there a theoretical reason for doing this, or just get the World All Cap instead? The argument for using the 3 different ones is how you feel about weighting geographic regions around the world. There is some argument that the European Union markets are probably undervalued compared to the US markets. The argument for having 3 is whether or not you want to overweight a particular segment of the world. If you are just going for an “all world”, you are not getting that. He would argue for having 50% of your ETF equity exposure in the US. That will give you a lot of global economy, because a lot of their major companies are going to be represented in the global companies anyways. He might then overweight US a little and underweight Canada.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

How many ETF’s in “an all ETF” portfolio, which geographic areas would you choose, and what would be percentages be? He would have a bond ETF, half of his money would be in a Canadian ETF. As a balanced investor, you would have 50% in the bonds, 10% in cash and 25% in the TSX 60 and 10% in the S&P 500 and 15% in EAFE. These have been 1st or 2nd quartile performers since the turn-of-the-century.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Split shares or preferred shares? On a split share, all you are really doing is taking a stock and writing a deep in the money covered call, giving you some downside protection, which allows the dividend to be increased to the point where it is attractive as a preferred. It depends on the underlying security. This is fine if it is a bank. If he were doing it on an oil stock or a broad sector, he would have some concern.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Dollar? Trying to forecast where currency goes is like trying to predict Wayne Gretzky’s next move based on his past one. It is better than a blind guess, but not much. We have a weaker dollar on the back of US grandstanding regarding NAFTA. Trump’s bark is probably 100 times greater than his bite. He doesn’t want out of NAFTA. We are probably going to have some choppiness in the Cdn$ while we go through that. The dollar is going to perform based on how the US economy strengthens.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETF for a moderate investor? He would make it simple by putting 60% into the TSX 60 iShares (XIU-T) and 40% into the Government Bond Index (XBB-T), and just rebalance it once a year.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-05-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

In an RSP, rotate 2 or 3 high beta when the market turns. Good philosophy? This is called market timing, by going to a lower risk model when the market is turning, and to a higher risk model when the market is rising. You can’t tell when the market is going to turn. A combination of high beta and low beta would probably put you in the position you would be if you just had a well-balanced ETF.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-05-04 TOP PICK Must be logged in to use chart AMD-Q Advanced Micro Devices

This has fallen about 25% since it reported earnings. They had a couple of new lines of chips with a couple of new ones and lots of hype on. They’ve been tested and are not any better than Intel chips, some saying not quite as good. The company took a big hit on that, and is probably at a point where you are going to see some support. This is purely an option play. The option premiums have expanded dramatically because the stock sold off. A very good Covered Write in his opinion. If the stock does not get called away, you can do it again 6 months from now.


Price:
$10.100
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-05-04 PAST TOP PICK Must be logged in to use chart BAC-N Bank of America

(A Top Pick Dec 9/16. Up 18.88%.) Synthetic Long Position. A play on financials and is still bullish on them. This is synthetically the same as owning the stock, but much more tax advantaged for a Canadian holder.


Price:
$23.850
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-05-04 TOP PICK Must be logged in to use chart DB-N Deutsche Bank AG

A play on Europe. They have just had a writes issue. Have refinanced and recapitalized the company and the business. They are an impenetrable bank in Europe. If you believe Europe is starting its road to recovery, banks are going to do the same that they did in the US. He has a covered call on this.


Price:
$18.780
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-05-04 COMMENT Must be logged in to use chart DF-T Dividend 15 Split Corp. II

Dividend 15 Split Corp. (DFN-T) or Dividend 15 Split Corp. II (DF-T)? Both are Split shares. The preferred share is the low risk preferred share dividend. He wouldn’t buy both, because you are looking for either growth or income. He would use one or the other and build that in your portfolio.


Price:
$7.930
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-05-04 COMMENT Must be logged in to use chart DFN-T Dividend 15 Split Corp.

Dividend 15 Split Corp. (DFN-T) or Dividend 15 Split Corp. II (DF-T)? Both are Split shares. This one is 15 banks and financial institutions in Canada and the US. You have a capital share which is paying a 16% dividend, which comes back to the unit Holder. You are just getting the capital growth that is coming from the banks. He wouldn’t buy both, because you are looking for either growth or income. He would use one or the other and build that in your portfolio.


Price:
$11.000
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-05-04 COMMENT Must be logged in to use chart HMMJ-T Horizon's Medical Marijuana

The issue you should think about when investing in marijuana stocks is legalization, and what comes after that. He thinks the government is going to manage costs and margins very tightly and companies are going to be saddled with enormous regulations.


Price:
$9.960
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-05-04 COMMENT Must be logged in to use chart INDA-US iShares MSCI India ETF

India is a growth market, so India and China fall into the same category. India has 300 million middle class people, which is a pretty staggering number. Longer-term, this is probably not a bad place to be.


Price:
$0.000
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
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