Q: I’m doing a fairly major portfolio clean-up and account optimization exercise.
Specifically, I’m removing dividend-oriented and income-generating stocks from my TFSA and RRSP that are better suited to a non-registered account, and reallocating TFSA/RRSP capital to assets that benefit most from tax sheltering.

At a broad level, I’d appreciate your perspective on:

• Which CAD and USD names are best suited to an RRSP (e.g., U.S. dividend payers, global compounders, cyclicals, etc.)
• Which CAD and USD names are best suited to a TFSA (long-term growth, compounding, low income leakage)

I’m less interested in yield optimization and more focused on long-term after-tax efficiency and proper account placement.

If helpful, feel free to answer at a category level (e.g., “U.S. dividend aristocrats,” “Canadian compounders,” etc.) or with specific examples you think are particularly well-suited.

Thanks — looking forward to your thoughts.

Q: Hello 5i!

I have held VRT for 2.5 years and done well and have a full position in it. It has drifted lower as AI waffles around and other AI related players get more attention.
Do you see VRT as a “must own” for the space or do you have another stock in this space with more momentum and growth potential?

Also, Would you endorse selling a half position of VRT to buy ENS?

Sending all you fine folks at 5i the warmest wishes for the holidays. Thank you for all of your guidance throughout the years. It is appreciated. Enjoy some time off!

Q: If you had to pick one, which would you buy and why?