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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: Hello Team,

Currently own ECN, down 15% on this one. I have been eyeing BMO for awhile now. Comparing BMO on a one year chart it lags and dropped the most from the other big banks, down roughly 35%. However, at roughly 68$ isn't it an attractive entry point?

Can you please explain why BMO lags? And second, would switching ECN to BMO be a good move or simply stick with ecn?

Thank you and have a good day!
Read Answer Asked by Rino on May 07, 2020
Q: I own ING and has been disappointing. Was considering moving it "in kind" from my margin account to my RRSP account. was wondering if this would allow me to take a tax loss on it, or would I have to sell it outright and repurchase it in the RRSP. You have any recommendations on it?
Read Answer Asked by Anthony on May 07, 2020
Q: In the financial sector, which is more likely to cut a dividend, the big 5 banks or the insurance companies SLF, MFC, POW ?

I am assuming it is ok to count POW as an insurance company or should it be viewed separately all together.

Kindly rate the likelihood on a scale of 0 to 10 for banks versus insurance and any differences you might see amongst the insurance companies.

Zero being less likely to cut a dividend.

I am asking this as a dividend investor who doesn't like buying a company that cuts dividends.
Read Answer Asked by Ernest on May 06, 2020
Q: I depend on the big 5 banks and, to a lesser extent, the telecoms , for income reliability.
For example, I read recently that BMO has a 191 year (?) record of uninterrupted dividend paying.
Are you able to list the payout records for the other listed above.
Thank you
Read Answer Asked by Brian on May 06, 2020
Q: Fiera Capital wishes to get shareholder approval of the transfer of the transferred assets to New Fiera Canada in exchange for debt and/or equity securities of New Fiera Canada. Is this a good or bad thing for shareholders or of no consequence.? This info. came from the management circular for Fiera's upcoming annual general meeting. Thanks ,as always ,for your great work.
Dave
Read Answer Asked by Dave on May 06, 2020
Q: Wells Fargo has taken a big hit recently. Do you think it might be worth buying some shares in this bank? Is the dividend yield (currently at about 7.4%) sustainable?

I have held BNS for quite some time and am down about 20%. Just wondering if I should add to my position (about 1% of my portfolio) or sell. I am assuming that the high dividend will keep being paid (as most experts say Canadian banks don't cut dividends).
Read Answer Asked by BRYAN on May 04, 2020
Q: I noted an earlier answer that preferred life companies over banks at the moment, for a new investment. I am currently overweight financials and dont want to leave the probable dividend stream. However, should I be thinking about divesting banks to a degree and buy life cos? If so, which banks to punt ( don't be shy, I have them all) and which life cos to buy? As always, appreciate your collective calm.
Read Answer Asked by alex on May 04, 2020
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