BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ.TO)

A lot of the tech stocks are approaching their price targets, so what's an investor to do? He always recommends writing some calls, actively managing them. You can do this on ETFs over the counter.

Runway for SOXX is probably longer than that of the ZQQ.

AI is going to be as transformative as the internet. The Magnificent 7 are for real and must be owned, though some are more pricey. When you buy this basket, you get a nice mix and it's just easier. Likes that it's hedged, so you can invest as if you were an American. Likes the tech along with the healthcare names.

62% tech, with the rest being in consumer discretionary, healthcare, etc. Trading about 30x PE, 4.7x price to sales, which is above the 10-year average of 26x PE and 3.8x price to sales. Elevated valuation. He'd prefer the general NASDAQ index over just the tech index. Cost is 39 bps, a portion in your portfolio could make sense.

Prominent names. Be careful of the valuations of NASDAQ, as the average PE is 38x on this ETF, average price to sales is 4.3x. Makes sense as part of a portfolio, but watch the valuation.

He'd be more cautious of HTA, because if he's going to take the risk of tech, he wants to have the full growth potential of that and not be somewhat coralled by covered calls. On tech, he'd be doing ZQQ.

A tactical play, not a core position. Dragged up by all the AI stuff. FAANG has been renamed "The Magnificent Seven".

The FAANGs have room to go. Valuations of Google, Amazon, Meta and MSFT are still compelling. AI is a tailwind. Other holdings include innovative healthcare. One to buy and leave along for a while.

Believes it is time to sell this stock.
Correction on the way with tech.
Tech stocks over valued.
Waiting for weakness before buying.

Both have had very good runs. He'd take a third off the table. If it goes up, you still have two thirds. If it goes down, pat yourself on the back for being so smart. Then you can figure out if the trend is there to go lower. For both he'd trim a bit, and either way you'll feel good about yourself. :)

A good idea a year ago, as the CAD was stronger. A year ago, CAD was $1.27, but now it's at $1.36. CAD is going to work its way back up, and the USD down, though CAD probably won't go beyond $1.38. If you're going to add, just add to the straight QQQ.