Investment Q&A

Q: I bought FSZ in early May looking for a lower risk financial company to add to my portfolio of BAM, TD, BNS, SLF, GSY.
FSZ is now down 10% since purchase and still slowly dropping. Would you suggest I sell and move on and add to one of my other financials or add something else, or hold on to FSZ. If another financial, what would you suggest.
I am still looking for a lower risk financial equity holding.

Q: I have FAH and FIH in a long term RRSP. I believe in the long term growth of these regions and I’m cautiously hopeful Mr Watsa and team are making sound PE investments to try to benefit from regional growth. But I find them tricky to assess because of the fees and the multi-asset PE structure. Can you provide your view on the financial performance of these companies? I would also appreciate your thoughts on whether you’d consider topping up a relatively small position. Please deduct two questions and deal with each separately. Thanks!

Q: Hi :
I noticed that CM is selling at low P/E (9.2) and analysts are very pessimistic with 12 on "on hold". I do not like CIBC and most of the time I own TD and NA. , but, sometimes being contrarian could be the right approach by considering the regression to the mean effect. I am very low on banks and financials now because I feel we are at the end of the cycle and banks have betas that are a bit high for me. Investment horizon is 5 years at least. Would you buy now ?, or wait until it feels like it bottoms ?, what criteria would you use to get in ?.
thanks

Q: Could I have your opinion on Blackstone Group - BX of which I have some shares? Is it an add to or sell?
Thank you
Hanna

Q: For years PWF has been fluctuating on price range between roughly $25 and$33. It doesn't seem to be a growth stock however a longer term hold for value and a solid dividend. Is today's price a good entry point?
Thanks for your answer.
Rolf

Q: Would you buy Efh at current price? How often they pay special dividends? Is this a good company for long term hold? Thanks always

Q: Hello 5i Team
I am reviewing alternative high yield C$ investments for my RRSP for a small portion of my fixed income (< 5% of total portfolio ).
Looking at the publicly traded mortgage investment corporations (MIC) on the TSX - of the four listed, which would be your preferred choice and/or ranked in order.
Are there any other MIC listed on the TSX?
Could you also confirm that "dividends" for MICs are considered as "interest" if held in a non-taxable account.
Thanks in advance for the great service.

Q: I am looking to buy fixed income funds in my corporate account. What would be your top picks of the ones listed? What are the rate of return - fees? Thank you for your website.

Q: I presently have U.S. cash in a savings account with no returns to speak of. Do not require this cash for at least 5 years. This cash represents the cash/fixed income of my portfolio. Would it be wise to invest in PSU.U or is there another choice available? Have you heard of BIL?
What is the rate of return, fees and risk of these funds?

Q: Hi,
Is Manulife starting to get more attractive than SLF due to its cheap valuation? How do they compare overall? I have exposure to SLF, would you recommend a small position in MFC? Thanks and Happy Canada Day weekend!
Shyam

Q: I have had a held Bank of Nova Scotia for several years. Also held Toronto Dominion for shorter time. , Small holdings in each stock, about 1% in each. Should I sell BNS and replace with TD., or sell BNS and add to TD. Looks like 5 year return on BNS is -1.14%. Looking forward to your comments, thanks

Q: Could you please shed some light on Echelon's 'special dividend'. I'm having a hard time finding accurate info. What is the dividend; when is it paid; if I buy shares going forward do I automatically get the special dividend? Thank you.

Q: Canaccord is up 10% today, which is a rare upwards move. Can you share what news was interpreted favourably. Also, what do you think of Canaccord as a turn-around play for a holding part of my financial sector allocation? Technically today's move might "fix it" but I'm curious about the fundamental side. What do they do?

Q: Would be grateful if you could tell me in which of the above funds is it most beneficial for me to hold cash in a managed account - 1% fees?
What is the difference between the 3 - are there MER's. In which fund would a financial advisor hold his cash? Would appreciate any comments on this subject.

Q: I am considering switching from PWF to X .
I think the total return picture for the next five looks much better for TMX group. Your opinion please taking into consideration the capital preservation factor.
Raouf

Q: Good timing to intiate a position ? Thanks.

Q: I currently owned both CM , TD and ZBK in a non rrsp account. I would like to sell CM. My total % holding in ZBK and TD are quite low . If I buy ZBK I still maintain the financial allocation but increase my US holding. I know I would lose the dividend that CM pay as ZBK is quite low, or would it be better to buy more TD and increase the weight of this stock.

Thanks

Q: Sorry for the error the stock is tmx group.
What is your opinion on this stock for a long term hold
Thanks Pat

Q: RATING OF ARCC

Q: Peter please: I have owned a full position in JP Morgan since the lows of 2009 and have had a tremendous gain in this stock. I also purchased wells Fargo and Citigroup and some other top us financials around the same time and have held all this time. Recalling how US financial stocks plumetted in 2009 has lately given me pause. After ten years of building this wonderful gain, is it now time to sell (tax is a consideration here obviously) or hang in for the very long term in keeping with my usual long term strategy and risk my gains evaporating a la 2009. I gravitate to quality companies however I realize how poorly financial stocks can behave in a serious downturn and don't want to see my hard earned gains erode in jpm. Do you consider jpm a trade or a very long term hold. Side note I'm liking Facebook these days and considering ways to fund a FB purchase.