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BNN Market Call

3 top picks from Burgeonvest Bick’s John DeGoey Add to ...

John DeGoey is vice-president and associate portfolio manager at Burgeonvest Bick Securities. His focus is on personal finance and ETFs.

Top picks:

BMO Global Infrastructure Index ETF

Global Infrastructure is a relatively safe way to participate in equity markets, since everyone everywhere seems to renew their bridges, roads and sewers.

iShares S&P/TSX Capped Materials Index Fund

Materials have been severely beaten up lately, so this might be a chance to “buy on the dip.” About half of this product is gold and silver.

iShares S&P/TSX Capped REIT Index Fund

Canadian real estate has been dropping a fair bit lately. Depending on your view about future rate movements, this might be a temporary buying opportunity.

Past Picks: July 12, 2012

Vanguard FTSE Emerging Markets Index ETF
Then: $23.65
Now: $24.05
Total return: +4.34 per cent

Vanguard FTSE Developed ex North America Index ETF (CAD-hedged)
Then: $24.89
Now: $30.50
Total return: +27.43 per cent

Vanguard U.S. Total Market Index ETF (CAD-hedged)
Then: $26.45
Now: $33.04
Total return: +26.74 per cent

Total return average: +19.50 per cent

Market outlook:

I have no forecast regarding what the market might do in the future. Owing to my belief in market equilibrium, I continue to hold that no one can reliably ‘outperform’ by picking stocks, forecasting market moves or timing changes in market sentiment. People who purport to be able to do so reliably are severely overstating their abilities.

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