Investment Q&A

Q: Any particular reason for the decline in Visa today? Is this a good opportunity to buy?

Q: You answered to a question this week,mentioning that dividends of BAM were qualifying for canadian dividend tax credit : is this still the case now ,since the headquarters are located in New York since 2024 ?

Q: If there is a sharp correction in the housing market how badly will Canadian banks be hit?

Q: My holding in EQB is now less than 2 %. Would you purchase more to bring it back up to 2% or sell and add to my current holding of X and TD?

Thanks

Q: Hello 5i,
What are your current thoughts on Paycom.
It looks to be recovering nicely. Is it likely to continue?
Thank you
Dave

Q: Hi,

I have read with interest but considerable skepticism the Q&A on crypto. Lately I am starting to learn about stablecoin. Irony aside (pegging a digital currency to despised fiat currency - lol), I do think stablecoin is a possible solution to the “wild west” of digital currency.

Having said that, stablecoin is still very new, and the main player, Tether, is private. There are reports about lack of transparency with its operations despite having leading market share and significant assets under management.

With the recent eye-popping CRCL IPO, and the seeming success of Tether, can you provide some insights into the stablecoin space and how a Canadian investor favouring a long-term, total return strategy might participate without speculating?

Thank you for your valued opinion.

Michael

Q: Dear 5i
CRCL seems interesting and seems to be a somewhat more stable investment then investing in bitcoin directly . Do you see this stock as a viable option in the crypto area or is it a little to soon to tell . My one other concern is that the price of this stock goes down when interest rates go down and currently i think the rates are more likely to go down than go up . What are your thoughts on this one and would galaxy or coin be better choices in the crypto space ?
Thanks
Bill C

Q: Hello 5i,
In 2024 I sold my full equity position of GSY not at the top but did well for the multi-year hold (thank you 5i). I started watching for a possible rebuy particularly after the 5i report A-. One of my goals was to create a corporate bond holding portfolio vs a bond etf for a portion of my fixed income %. I noticed GSY has a 5-year 6% coupon with a BB- rating bond on the market. GSY does carry a lot of debt thus if an investor is fine with collecting a 6% return with a stepped-up risk protection profile within the bond world does this make sense? I am assuming in a downturn the bonds will trade down as well but since I have a lot of equity risk already would this make sense? I would plan to hold until full maturity and keep this in a registered account so interest tax is not an issue.
CORP GSY 6.0 05/15/30 380355AK3
Security Description
Issue Description CORP, GOEASY LTD, Call May27@103.000
Security Number 0377427
Alternative Sec Id T657E7
Security Description CORP GSY 6.0 05/15/30 380355AK3 (C)
Issuer Full Name GOEASY LTD
Coupon 6.000
Maturity 05/15/2030
Issue Date 11/04/2024
Dated Date 11/04/2024

Q: I know this is not a fair question given industries, FX, etc....BUT if you had to choose one with a 3-5 year time horizon, which one would it be, BRK or BN?

Thanks as always.

Q: This weekend's Barrons magazine mentnioned Fairfax as a successful company that emulate's Berkshire's strategy and secret to success—and investor returns—combining investments and aquiring insurance businesses.
“It’s a three-engine strategy,” says TD Cowen analyst Andrew Kligerman, commenting on what Berkshire has done right. He ticks off insurance, investments, and wholly owned businesses. “You need to fire on each cylinder to make it work.”

Q: In a recent question on conviction for a 3-5 year hold in the 5i model portfolios you recently ranked these 3 financials lowest. Do you see problems on the horizon that would limit your enthusiasm for ranking them higher?

Q: I hold both GSY and BAM, and I'm considering increasing my stake. Historically, BAM has outperformed GSY over the past few years. Both stocks have similar dividend yields. Which one would you recommend I prioritize, or should I consider adding to both? I'd appreciate your insights. Thanks

Q: BAM has dropped significantly this morning. What's behind the decline? I'm considering adding to my position - is now a good time? Thanks.

Q: Dear 5i team.

May I please have your updated analysis on TOST. Last Q was Jan/24.

Appreciate your help.

Q: Berkshire Hathaway is the biggest holding in my portfolio (at about 12%), and the price has been falling for the past month—it's now down 10% from its peak on May 2, though still 7% up YTD. The selloff accelerated in the past week. Should I be concerned? Any news there except for Buffett's retirement?

Q: Do you predict much growth for EQB in the next year or two? Would you lump GSY into the same growth projectory? Would you expect PRL to provide better long-term growth than either of these?

Appreciate your insight.

Paul F.

Q: Any thoughts on etoro? I know it is still relatively new and you like for a few quarters before investing in new IPOs. HOOD has done really well, could etoro follow in the same path? Would you be a buyer currently in hood or etoro? Also, do you like NBIS after this recent jump in price? Thanks!

Q: seeing that you own some crypto I'm thinking I may get my toes wet, so to speak. At current prices, which one ETF would you favor of the above?
Also, I have more Canadian money available than US, is there disadvantage to IBIT.CA?
Should these be purchased in a Cash account, self directed RSP or TFSA?
Deduct as many questions as you need. I'll never get through these credits!

Q: I hold an Intact bond in my RRIF and received a reorg notice proposing "to remove the right to accelerate future scheduled payments in the event of a default to improve the quality of Intact's senior debt capital." Can you explain what this is and why I am being asked to vote on such a proposal? Thanks

Q: Hello 5i
Seems this company is having trouble regaining its money making status despite showing growth in assets.

Consolidated Net Income is way below prior year and barely dribbling higher quarter over quarter. Are they poor operators and more of this can be expected?

What are your thoughts on this investment and how much more time do you think is required until they can get it in gear?

Thanks