I haven't listened to BNN for a little while, but this morning I did, and surprise: Jean-François Tardif was getting interviewed by Jon Erlichman at The Open. Jean-François Tardif manage the JFT Strategies Fund Class A Units (JFS.UN). I hold some units of JFS.UN in both my TFSA and RRSP. In some years, JFT Strategies Fund Class A Units (JFS.UN) had paid an annual dividend, but most of the time, JFS.UN doesn't pay any dividends at all. For 2020, I was hoping to get a special dividend in January, but that didn't happen. No dividend, but what the JFT Strategies Fund Class A Units (JFS.UN) have to offer is what I will name as being stability in the value. In the sense that if you don't know what to invest your money in, JFS.UN is a good option while figuring things out.
I invest in JFT Strategies Fund Class A Units (JFS.UN) so I can have a little balance somewhere between my collection of stocks and a professional manage fund. Right now, the investments I made in JFS.UN are not enough to create a somewhat balanced, but at least it's creating a somewhat illusion, or at least a willingness to create balance, if that makes any sense.
In recent days, Jean-François Tardif focus on COVID recovery stocks. His goal is to find cheap stocks to make money for us, his investors. Lately, it's been reported that a big hedge fund had a margin call. I don't know what happens there and I don't find the incident to be interesting. It's actually quite irresponsible coming from so call managers who are supposed to be professional. On that matter, Jon Erlichman asked Jean-François Tardif if he believed that the incident would have any long time effect on the market. To that question, Tardif answered no, that those kinds of things happen pretty fast, and that there are always investors out there looking for deals, trying to figure where the low is. It's a game I play when the market goes on a downturn.
A few stocks were named, in which Jean-François Tardif is currently following:
SU
IFP
HCG
MRE
MHO
Another thing that I was able to catch from Tardif is that he's focusing on pre-COVID and where we are sitting now. Tardif believes that there are strong months ahead for energy stocks. As we recover, energy should be a good sector, but will be volatile. That works well for me because I have exposure to energy stocks with a few investments that I had been holding on to for a long time: Enbridge Inc. (ENB), Pembina Pipeline Corporation (PPL), and TransCanada Corp (TRP). Inside my TFSA, Suncor Energy Inc. (SU) is a small investment I made a couple of months ago.
A more few notes:
Home Capital, with the housing market, there're risks with new loans. Low-interest rate is the main drive.
Of, all this being said, for this BNN interview, Jean-François Tardif has a strange golfing figurine, it was like a man carrying a golf bag. Last time, in his background, we had a golfing figurine, but it was a woman dress the old fashion way, and the lady was golfing. So I naturally concluded that Jean-François Tardif has a set of two golfing figurines.
Home decors are just really intriguing. Amber Kanwar unfortunately has now that big BNN background that covers pretty much what it has to cover so curious viewers cannot see correctly the interior of what looks like a beautiful home.
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