Investment Q&A

Q: Rick Reider at Blackrock has started a new income fund listed as BINC on NYSE. Would ask you to examine this fund and provide any views, concerns, etc you can at this early stage. Am I correct that it has no yield such that it would only produce capital gain or loss once sold and therefore no tax while held from dividend income. Aside from its lack of track record at this point does the intended approach of this fund and the reputation and history of the manager lead you to a possible positive view of this as a worthy income investment for an investor preferring capital appreciation over yield. Thank you..

Q: In a recent answer you said "We feel that the slightly overcrowded flight to safety in large-cap tech names can open up opportunities for smaller and mid-sized names".

Is there a canadian ETF that reflects an investment in small and mid cap tech in Canada that is worth investing in right now ? And if not is there an American one ? Thanks

Q: Hello 5i,
I realize you don’t follow the Japanese market but if you were to try to ride the current momentum there how would you do it?
Thank you
Dave

Q: Hi Peter,

I hold IWO in my portfolio, currently at about 30% loss.

What you suggest, hold it, sell it Or ADD MORE OF IT ?

Thanks

Q: With the large caps largely moving the S&P500, would you put new money into SPY or RSP (equal weight ETF)? Looking for growth, short and long term. Please give a short reasoning for your answer. Thanks in advance.

Q: hello 5i:
In our various portfolios, we own DIVO, SCHD and MTUM. MOAT is not owned. I've done a fairly deep dive trying to compare the 4 etf's as I'd like to consolidate some of our single companies eg. MRK, LMT etc etc into ETFs to simplify things, and in the case of the RRIFs, to enhance yield. By my metrics, DIVO seems to come out on top on a risk/reward basis and a good balance of yield with growth. I've included MOAT as I'm interested in the concept (but not sold on the ETF). Can you confirm my findings? Would you agree, or what could you add to my findings? Is there a source (Morningstar does a good job, but not great) that would allow me to better compare risk/return of the listed etf's?
I realize there are a few questions here: take as many credits as necessary to answer as I have a lot banked.
thanks
Paul L

Q: What are your thoughts on this dividend growth ETF?
Thanks

Q: Commercial real estate is in big trouble. Do you have any recommendations how to take advantage of the declining fortunes of this sector, in Canada or the US? Is there an inverse commercial real estate etf? Have the stock prices of the sector already been priced in?

Q: I have both of the above ETF's. Thinking of selling all of ZWB and adding to ZEB . While I like the high yield of the covered calls I think there is better opportunity for capital appreciation. with ZEB. as the values of all the banks are down. This would be aa long term hold. Your thoughts .

Q: What is your favourite etf for Canadian banks? Is CPD a good way to gain exposure to them?

Q: Couple weeks ago I asked about CYBR ETF. You thought I meant Cyberarc Software. Thought the ETF would be doing much better than what it is. Worth hanging onto?

Q: If JEPI is held in a RRIF, would US withholding taxes be applicable or would the be exempt?

Thank you for your guidance.

Q: Sorry for what may be a naive question, but assuming the .35% (?) fee for holding this security is an annual fee, how is it collected?

Q: Do you feel it is time to drop Canadian banks and move on to something better for income?

Q: Good morning,
May I have 5is opinion (pros and cons) regarding the following please.
I have just rolled my RSP into a RIF and am thinking of selling AQN and SPB and consolidating into ZWU. My thinking is that this will in a simpler more stable way of provide equal to better performance (income with some growth) over time. Do my thoughts have merit? I also hold BEP.UN as well as FTS.

Thank you for your thoughts and opinion.

Q: Last September I asked about MNY as an alternative for brokers who do not allow you to buy PSA. I haven't seen anything on it since.

What do you think of it now and why do you prefer PSA?

Thanks

Q: I wanted to gain some clarity on your answer to Terry indicating that the high dividend returns with these etf's are almost entirely return of capital. So if an investor holds these their yields would not be taxed as dividend income in a cash account but the cost base would diminish accordingly so that when sold the capital gain would be greater. But if a long term hold and if the yield continues to be return of capital then does the investor collect these yields effectively free of tax? Any other similar etf's with high yields that are largely return of capital? Am I missing something? Thank you for providing certainty on this.

Q: Thoughts on these etfs in a non registered account
How would the distributions be taxed

Q: I came across these 3 TSLL, TSLH, and TSLS symbols can you please advise if it is worth holding any for the long term or is it short-term investment? Is this one considered an investment? If you can give a brief summary of each of them.

Thanks for the great service

Q: Is VNQ a good investment in a stagflation environment, or does its current issue of office and retail REIT exposure going to counteract that situation ?

Are rising interest rates the only other reason for its underperformance recently?

Is it possible to come up with a metric that compares how expensive / inexpensive it is today as an investment relative to it's past ?

Thanks.