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Algonquin Power & Utilities Corp. (AQN)
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Alaris Equity Partners Income Trust (AD.UN)
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goeasy Ltd. (GSY)
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Cargojet Inc. Common and Variable Voting Shares (CJT)
Q: Good day team,
A few companies I'm invested in are in a loss position so far.
AQN 42% loss
AD 16% loss
CJT 22% loss
GSY 22% loss
At this point which stock do you think I should keep, which one sell, and which one replace and with what?
I'm retired and 73 years of age.
Take as many points as needed.
Thank you
John G.
A few companies I'm invested in are in a loss position so far.
AQN 42% loss
AD 16% loss
CJT 22% loss
GSY 22% loss
At this point which stock do you think I should keep, which one sell, and which one replace and with what?
I'm retired and 73 years of age.
Take as many points as needed.
Thank you
John G.
5i Research Answer:
We can't get personal, but we would be OK holding any of these for the long term. GSY we would view as buyable, and CJT if it drifts lower. The others we view as HOLDs today. If in a taxable account, investors may want to consider tax loss strategies as we get closer to year end. None of these are likely to spike up in a short period of time, so a tax loss sale can still be beneficial. If one is looking for more growth, DCBO, DSG, TFII and SHOP could be suggested, but all have different valuation and other characteristics so we would ensure they match one's goals if switching.