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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: Unsure if this comment will be allowed.
My 10 year old money had some savings he wouldn't need for 18 months so he set up a GIC at Oaken Financial. Business as usual until his birthday this weekend. Oaken sent out a birthday card with a $5 gift card. In this day of form letters of thank you for your business, I'm impressed. Personal touch from an institution.
Read Answer Asked by Brenda on December 14, 2021
Q: I recently sold my full positions in both of these banks and realized significant capital gains to use as income in my RRIF. Most big banks stocks have climbed since increasing their dividends so I'm not sure which one or two to buy next. I have done well over the years by buying the laggards, collecting dividends and waiting for conditions to improve. Which relatively poor performers would you suggest I consider next and why?
Read Answer Asked by Jean on December 14, 2021
Q: If the ECN dividend is setup as a DRIP, how is the price of the new purchased shares determined? Is it end of day value or is there a price guarantee of some sort? I guess what I'm wondering is, will the automatic purchase of new shares from the special dividend effect the market value of the shares on the dividend payout date?
Read Answer Asked by Robert on December 14, 2021
Q: This has gotten increasingly confusing.

Can you please confirm how the due bill works?

If shareholders were to sell when would be the last day they could and not receive the dividend?

If shareholders were to sell and want to be still paid the dividend what is the earliest date one could sell?
Read Answer Asked by James on December 14, 2021
Q: Good evening to 5i team,

I unloaded some Canadian banks making rooms for US banks in my portfolio. Your thoughts on Western Union vs Huntington Bancshares (pending the merger with Truist Bank), I have JP Morgan, Bank of America and small portion of Bank of New York. Your input is always valuable to our family. Thank you!
Read Answer Asked by Nhung on December 13, 2021
Q: I have some ecn in my riff and need to get some cash available for my year end withdrawal and need to know if the dividend payment is in fact to be paid before year end to cover my government obligation so I will not have to sell other stocks to meet the cash requirement. Please advise.
Cheers Doug
Read Answer Asked by Doug on December 13, 2021
Q: Well, count me confused.

“The Distribution is scheduled to be paid on December 22, 2021 (the “Payment Date”) to holders of Common Shares of record as of the close of business on December 15, 2021 (the “Record Date”). Subject to confirmation from the Toronto Stock Exchange, ECN Capital expects the Common Shares to commence trading on a “due bill” basis at the opening of trading on December 14, 2021 and to commence trading “ex-distribution” on December 23, 2021. The due bill redemption date will be December 24, 2021.”

This seems to indicate that you must be in ownership of ECN on December 14 to receive the dividend/distribution on the 22nd.

Is this some sort of financespeak? Are they aspiring politicians?
Read Answer Asked by Danny on December 13, 2021
Q: Fairfax is offering to buy back shares between $425 and $500 US. Do you have any thoughts or recommendations re this offer ?
Read Answer Asked by trent on December 13, 2021
Q: Hi Peter,

In this downtrend market could you please give your three best stocks to buy for 3 to 5 years hold in each sector in canada and US as well ?
Thank you for your best advise on this platform.

KT
Read Answer Asked by kaushikbhai on December 10, 2021
Q: I'm interested in the payments/financial services sector...

1. Please rate/rank the following: 1 through 10 if you had new money to deploy in this sector...
- I understand not all the same...
- If any new ideas/companies, please list as well...


2. Who do you think will win the Grey Cup ? Are you doing odds and taking bets with 5i ?? - Sports-book Division in the future ??

Thanks,
Have a good week!

Read Answer Asked by michael on December 08, 2021
Q: Looking past the ECN special dividend, how would you compare ECN and FSZ for the longer term for safety of capital and dividends, and growth? Aside from the big six banks, are there other names that trade on Canadian markets in the broader financial services area that you might consider to be superior to these two for safety and growth? Please take whatever credits needed. Thanks.
Read Answer Asked by Will on December 08, 2021
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