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

You can own hedged or not or both equally. Warning: MSFT is trading at 10x sales, so these stocks are priced to perfect. Be careful.

Lots of great quality companies. Hit a new high today. Keep diversified. For a smaller portfolio, look at an ETF. For a larger one, you can pick some stocks. 39 bps expense ratio. There's also HXQ, which is not hedged and with a lower expense ratio. He prefers the non-hedged strategy.

A Canadian tech ETF better than ZQQ? ZQQ is CAD-hedged, so where do you think the CAD will move? HXQ is similar to ZQQ, but a cheaper MER at 0.28%. ZQQ has no hedge to CAD. He prefers HXQ, because it's cheaper and unhedged.

QQQ vs ZQQ? He thinks the Canadian dollar has over shot its real value here, so that factors into a Canadian hedged ETF. On an annual basis you should expect subdued growth for the next while. Having a decent weight in the NASDAQ makes sense.

ZQQ vs. ICLN. ZQQ is a play in the tech sector and has done extremely well on this rebound. It is probably a little overvalued. He would prefer this for the long term. ICLN-O is domiciled in New York and in a TFSA they will withhold taxes that can't be captured. It is okay in a RRSP.

ZQQ-T vs. TQQQ-N. The question is if you buy it with a currency hedge or the US version. If you are holding for the next few years, the Canadian dollar will be stronger down the road. He would prefer the ZQQ-T version but today is not the day to buy. In the next market decline he thinks some of the tech stocks will get hit.

He doesn't think there is anything wrong with tech, but everything that is good is already in the stock price. He would rather just pay Apple, Google and Microsoft.

[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.