Want to give yourself some exposure to Canada’s commodities, Canada’s economy, and Canada’s currency,the Loonie? (See my 8:30 a.m. post today for the reasons that makes sense.)
Here’s a quick eight stock portfolio to buy when the time is right. (I think you’ll get a buying opportunity within the next six months–or much, much less.)
You could do worse than to buy shares of the iShares MSCI Canada Index (EWC). With one buy you’ll pick up three of the stocks in my eight stock portfolio: Toronto Dominion Bank (TD), natural gas producer EnCana (ECA), and fertilizer giant Potash of Saskatchewan (POT). The last two of those are both members of my Jubak Picks 50 long term portfolio.
With the ETF (exchange traded fund) buy you’ll also get exposure to Suncor Energy (SU), Royal Bank of Canada (RY), and Barrick Gold (ABX). Nothing wrong with those picks but if you’re building a portfolio stock-by-stock, I think you can do better.
I’d complete my eight stock portfolio with shares of Canada’s two coast to coast railroads, Canadian National Railway (CNI) and Canadian Pacific (CP); oil producer Imperial Oil (IMO); molybdenum miner Thompson Creek Metals (C), and natural gas pipeline company TransCanada (TRP).
Of those, Thompson Creek Metals is a member of both my Jubak’s Picks 12-18 month portfolio and my Jubak Picks 50 long-term portfolio.
For more on when to buy these shares see my 8:30 a.m. post today.
(Full disclosure: I own shares of Potash of Saskatchewan, Thompson Creek, and Toronto-Dominion in my personal portfolio.)