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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: I own shares of Brookfield Renewable Corporation (BEPC) and it just continues to defy gravity and move straight up. This has me thinking that an equity raise might be coming anytime now. What do you think the chances are that they do a share issue before the end of the year? Have they already filed a shelf prospectus?

You mentioned in a previous response that if they were to issue shares it would likely be the corporate shares and not the partnership, implying that this might reduce the current premium on the corporate shares. Can you explain why? Wouldn’t the partnership shares suffer the same earnings dilution if they issue corporate shares?

I own the corporate shares in my non-registered account. Would it make sense to sell them from that account and repurchase the partnership shares in my RRSP? I would incur a taxable gain but I already have carried over loses that I can use to offset. In addition I think that there is a possibility that the Government might soon spring a capital gains tax increase upon us (just one more reason to crystalize the gain now).

I couple of question so please deduct credits as you see fit.
Read Answer Asked by Steven on November 26, 2020
Q: I'm considering shifting my TFSA from primarily growth to income and ask that you provide your best 4-5 companies for yield and some growth with a plan to create a tax free income stream. Monthly income would be ideal.

Thanks
Read Answer Asked by Greg on November 26, 2020
Q: I am an income investor who has held MFC for years. Just breaking even on price but reasonable return on dividend.

Thinking of switching to either GWO or SLF. GWO has a higher dividend but SLF may have more growth potential.

For safe sustainable retirement income what would be your preference or do you have other suggestions. I recognize that a combination of growth and income can be just as good.

Thanks,
Read Answer Asked by Dave on November 26, 2020
Q: Hi Peter/Ryan, I'm a 63 year old conservative investor and I've held CNQ from 2010 where I bought it at $34.00 where it's been a roller coaster since then and as you know it dropped to about $12,00 in March. I've held it for the dividend and since it's back to where I first bought it in my unregistered account I was thinking of selling it and transferring it to my TFSA and not taking any loss. How much upside do you see it having from here and do you think it's still worth holding or would you invest the money elsewhere, if so what is a good replacement for it. Thanks as always for your insight and the great service we get from you guys. Nick
Read Answer Asked by Nick on November 25, 2020
Q: Hi group now that a vaccine is close I would like to start to build a portfolio based on good solid cheap value stocks . Can you recommend along with brief comments a couple of stocks in each of the key sectors that will start to move as the vaccine comes on line. Your expertise is appreciated
Read Answer Asked by Terence on November 24, 2020
Q: Hi 5i,
Please rank the safety of current dividend payments over the next 3 years for the companies listed below. Assign a 10 for absolutely no chance of a reduction and a 1 for almost certain a reduction will happen in the next 3 years. Although I do not want to influence you on the rankings, I would give the Royal Bank a 10 as an example.

AP.un
ALA
BCE
BIP.un
BPY.un

Please deduct as many credits as you see fit.

Thanks
John
Read Answer Asked by John on November 24, 2020
Q: Hi!
Stocks have increased a lot recently and most of the above are well off their lows with stocks like BEP and BIP almost reaching their high of the year. Would you feel comfortable entering new money into the above names for income/growth or wait for a pullback? I know timing the market is next to impossible but do you see this rising market as sustainable and if one waits will the opportunity to enter still at reasonable prices be missed? Also, what are your thoughts on RDVY. It was not listed as a choice on the drop down list.
Thank you!
Read Answer Asked by Neil on November 24, 2020
Q: I own a number of Canadian dividend paying companies (ENB, TD, BCE, CNR, CM, SLF) in a taxable account. Is there a downside to "journaling" these stocks to the US side in order to be paid these dividends in US dollars? It would allow me to reinvest in other US listed companies without having to exchange money.
Read Answer Asked by Wes on November 23, 2020
Q: Why do you like both FTS & AQN?

Does a raise in interest rates kill this sector?

Would you agree that FTS has a PE of 20 compared to a PE of 30 for AQN?

Would you also agree that a large BAM position allows you to participate in BEP without investing directly in the stock?

Thank you,
Nick
Read Answer Asked by Nick on November 23, 2020
Q: I'm looking to diversify my RIF. I have North America covered both ETF and stock wise.
I need to add to cover the rest of the world
Your suggestions for 1-3 dividend [ for income and upside ] ETF's to do the job
Read Answer Asked by Henry on November 23, 2020
Q: Hi there, I'm looking for some DRIP recommendations. So any sector ... with a dividend between 3-5% that Offers opportunity to take the dividend as stock. And is there usually an amount of stock that must be owned to qualify. Thanks!
Read Answer Asked by Sebastian on November 23, 2020
Q: Hi Team,
For some years it seems 5i has preferred Loblaw over Metro. I believe this has to do with L being bigger (by about 50%) and more diversified with its Shoppers and financial services operations and Optimum loyalty program vs. MRU with only the Jean Coutu operation and no financial services. MRU is more concentrated geographically (~70% in Quebec).
Debt levels are lower for MRU than L.
Yet for almost any timeframe one selects, MRU has outperformed L on a total return basis.
I'm sure I'm missing something here but why the preference for L and is that still the case?
Thank you, Michael
Read Answer Asked by Michael on November 23, 2020
Q: Hello, Thanks to some of your recommendations my portfolio is a bit out of whack (too much tech). This is good problem to have. I'm light on the following sectors and was wondering if you could give me your top recommendations for each. Maybe 3 CND companies. I would have a 10+ year time frame and don't mind a bit of risk. I only need about a 1/2 position in each sector.

Utilities -
Consumer Staples -
Energy -
Communications -

Thanks in advance.
Read Answer Asked by Kevin on November 20, 2020
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