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OR Royalties Inc. (OR $44.85)
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Exchange Income Corporation (EIF $70.57)
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Neo Performance Materials Inc. (NEO $16.71)
Q: CDN margin account
I’m up 126% on NEO which is 14.7 % of portfolio.
US margin account
I’m up 187% on OR Royalties which is 85% of portfolio (total of two stocks).
TFSA
I’m up 78% on EIF; 34% of portfolio
I have enough capital loss carry forward to offset 100% of the accrued gains in the CDN and US margin accounts. What is your advice? Click on the “sell” button for the two margin account stocks? What about the TFSA EIF stock? Should one sell, trim down?
I would appreciate your comments/guidance.
Thank you
I’m up 126% on NEO which is 14.7 % of portfolio.
US margin account
I’m up 187% on OR Royalties which is 85% of portfolio (total of two stocks).
TFSA
I’m up 78% on EIF; 34% of portfolio
I have enough capital loss carry forward to offset 100% of the accrued gains in the CDN and US margin accounts. What is your advice? Click on the “sell” button for the two margin account stocks? What about the TFSA EIF stock? Should one sell, trim down?
I would appreciate your comments/guidance.
Thank you
5i Research Answer:
Position sizes need to be personal but we think anyone would consider these very large bets. While none of the stocks mentioned truly would concern us, they are not mega-cap blue chip names and can and have declined sharply in the past. WE would certainly consider taking some tax-free gains (using the loss carryforwards) on the non-reg account positions, taking weightings down to a more conservative level. We think EIF is fine but with a 52% one year gain we would also take some of that off the table as well.