It appears as if the current correction has run it’s course.  I have been buying more of the 3 ETFs: i60 CDN Index (XIU-T), iCdn Energy (XEG-T) and iCdn Materials (XMA-T).  This gives me perfect exposure to all the areas I feel will do well from here on, namely Financials, Energy and Mining/Exploration. I may take a position in iCdn Gold Index (XGD-T).  It currently trades at $18.70 and is fairly priced after a heart stopping correction.

In another portfolio I have added to our holding of ING GROEP NV. a Dutch bank, one of the 5 largest in Europe.  It trades in NY symbol ING-N as an ADR (American Depository Share).  Current price is about US$9.40 which is very reasonable. The company used to, but does not currently pay a dividend. Probably it will again soon.

Our current year, 2010 will likely not be as volatile as the one just past, but nevertheless should offer some profit opportunities.  While I still believe the next three years are going to be more like a normal bull market, there will be some interesting action in the meantime.  Times to take profits and re-deploy capital.

My main thrust will continue to be with ETFs which allow an investor to participate in an attractive sector without the tedious and often futile process of stock selection.

That’s all for now. 

CU