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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: This is a followup to your answer (thank you) regarding how to made a determination of which 'favourite' stocks to remove when one has too many .
Could you give me a few of what you think would be the most important ratios, or other factors to consider when assessing a balance sheet/valuation. I would be interested in those that would apply to most sectors, although if there are any that are unique to Industrial, Tech, Financial that would be helpful as well.
Just an add on question regarding P/E ratio. I noticed from a previous question I had regarding an answer you have to another member. You quoted a P/E ratio of 14 for TD based on consensus earnings estimates from Bloomberg. When I look at the drop down fundamental info on either my TD Webroker platform or 5i's dropdown info on any equity that is listed in the heading of a question, I see in both cases P/E being quoted at 11.15 for TD. How does one know whether the P/E ratios being quoted are forward earnings (as your Bloomberg quote indicates) or not. I see TTM - twelve month trailing- occasionally noted for certain ratios, eg. Price/Cash Flow but that doesn't seem to be the case for P/E in the TD/5i platforms ?
You may have done a blog or article that would cover my questions - but if not, perhaps it would be helpful to some other members?
Read Answer Asked by Alexandra on January 20, 2026
Q: Hi,
I am interested in starting positions in CLS, ZDC and GRID. Do you think their current prices are a good entry point? And for CLS, I see they are expected to report earnings at the end of the month. Would it be wise to wait for that?
Thanks
Read Answer Asked by Connor on January 20, 2026
Q: Sorry for yet another CSU question! As a long-term holder of CSU, we've made a hefty profit….not as much as it was, but still hefty.

Having said that, I need to rebalance our portfolio, which I can easily accomplish by selling some, not all, CSU.

Is portfolio rebalancing justification in this scenario?

Thanks in advance for your valuable insight.

Read Answer Asked by Jerry on January 20, 2026
Q: My daughter is starting a TFSA and as a full time student she doesn't have a lot of time. I have suggested a couch potato based strategy with rebalancing. I believe there are now ETF's that incorporate the whole strategy and the rebalancing and I am wondering if you have a few options to suggest with Canadian equity, international equity and a smaller bond component. Also if she wanted a buy once and hold forever type stock, what might be a few stocks to look at?

Hopefully this question goes through - I wrote up a similar one and even though it said success after submission the credits have not reduced and I don't see anything. I think this may have happened twice.
Read Answer Asked by Graham on January 20, 2026
Q: I have been waiting for a bounce to sell Adobe but like CSU its gone into free fall. I am also thinking of adding to CSU Would you wait for a bounce and sell Adobe? Or sell Adobe now and switch into CSU? Or sell Adobe now and wait in cash. I know market timing is tricky but if you were in my shoes what is would you do?
Read Answer Asked by Andrew on January 20, 2026
Q: Most retail/5i investors appear to have concerns about precipitous drop in share prices of Constellation Software and the other two companies, since Jul 2025 and have sought advice. Your comments in recommending to hold the positions ( and even a best ideas to buy ) have been consistent, despite Technical charts looking horrible and shares continue to make new lows with no signs of change in sentiment due to AI related fears, expected to abate any time in the near future.

5i Balanced portfolio combined weight is down to 10%, as at Dec, 2025, from 14%, at the start of the year, and perhaps will be lower, today.

These Co's have dragged the performance of the Portfolio down ( 5i and ours), significantly, over 2025 ( acknowledging huge contribution consistent outperformance over several years ) and the trend continues this year.

If you were managing clients' money, in the real world as a Portfolio Manager ( like Peter did for many years, brilliantly ), would you act differently, at some point, considering constant deterioration in Technical picture and bleeding price of the stocks, instead of holding on a large weighting in the Group, prompting you to reduce the positions (protecting clients' capital), instead of HOPING for a sentiment change, in the future, as much as you believe in the Co/Management/History, while market is telling you otherwise.

My sincere apologies, if the question sounds frustrating !!

Thank You
Read Answer Asked by rajeev on January 20, 2026
Q: Hi there,

Are you bullish on commodities going into 2026? If so, do you have any recommendations for ETFs in the commodity space?

Thank you!
Read Answer Asked by Michael on January 20, 2026
Q: Consellation seems to have no love right now. Is it a mistake to make a swap if one has a gain? Seems like it keeps falling. Do you still like this stock even though the momentum is so negative?
Read Answer Asked by Neil on January 20, 2026
Q: I feel that these companies have been quite opaque in their communications with investors to date. Do you think that a bit more clarity on strategy, market conditions and future opportunities would help stabilize the market sentiment.
Read Answer Asked by Clarence on January 20, 2026
Q: What are the three or four most interesting US or Canadian growth stocks, irrespective of sector, for purchase now in your opinion?
Read Answer Asked by John on January 19, 2026
Q: I am looking at your Income Model Portfolio report at Dec 31, 2025 and in particular the chart called Portfolio Total Return with Benchmark as Base (%) 5-Yr. How do you calculate the 21.6% number? The model portfolio's cumulative total return for the 5 years ending 2025 appears to be 50.85% (from 1.0857^5-1) versus the benchmark's total return of 35.10%Blackrock's website for XTR), which results in a difference of 15.8% vs your 21.6%.
Read Answer Asked by William on January 19, 2026