Q: Hello Pat: I’ve been following your advice since the mid-nineties. Throughout the good and the bad, my portfolio has held up very well. I would like your opinion on the following stocks: Oceaneering International, Inc. (OII) NYSE, Brighthouse Financial, Inc. (BHF) Nasdaq, Ship Finance International Limited (SFL) NYSE, and ADRs of ING Group, NYSE. Thanks again!

A: Oceaneering International, $15.15, symbol OII on New York (Shares outstanding: 98.5 million; Market cap: $1.5 billion; www.oceaneering.com), is a deep-water oilfield services company. Its ROV segment builds and operates remotely operated vehicles (ROVs); Subsea Products builds custom subsea hardware; and Subsea Projects has vessels… Read More

Buying U.S. Stocks in Canada Provides International Exposure

Buying U.S. Stocks in Canada Provides International Exposure

Investors buying U.S. stocks in Canada can get international exposure—especially when looking at the Consumer sector for investments
For decades, we’ve advised Canadian investors to spread their holdings out geographically between Canadian and U.S. stocks. Our view is that virtually all Canadian investors should have, say,… Read More

Q: Pat, in the February issue of Canadian Wealth Advisor, you recommended the SPDR S&P 500 ETF. Why would this be better than the iShares XSP, which is hedged to the Canadian dollar. Are they not the same?

A: No one can consistently predict currency movements, but we still feel that most investors should remain invested in U.S. stocks. Note that even if the U.S. dollar should fall against the Canadian dollar, your U.S. stocks can still appreciate in value even while the… Read More