Investment Q&A

Q: Hello Peter
I have brokerage accounts at two large full-service brokerages [Scotia McLeod, and National Bank Financial] and one at TD Waterhouse. I use the TD Waterhouse one with the low commissions for smaller positions and for ones I may expect to trade.

To simplify things I am considering consolidating the two full-service ones into one account, however I worry that then I may have too much riding on the solvency of a single bank, and in view of possible troubles and the possibility of "bail-ins" as happened in Cyprus and in several other European countries, maybe I am better spreading the risk.

I understand that the Government of Canada has already passed into law the regulations for the bail-in of an insolvent bank whereby the depositors are the losers. What do you think?
Thankyou........ Paul

Q: CXS has been dropping fairly steady the past three months. Could I have your opinion on it, please. Thank you for the great service you provide.

Q: I am overweight with BNS in my rrsp account . I am prepared to sell
500 shares at $67.00 Is there any advantage in trying to do a covered call while i wait for the share to reach $67.00 and if so is there a risk I might have to
settle on a price below $67. I have never used an option in the past and want to know if it might be feasible in this instance .
Also I really liked the video did on the most popular 5 questions . It was very well done , relevant , clear , and brief . Hope more will follow ., When will the revised model portfolio be released . Thanks Rick

Q: Good morning 5i,

I owned Home Capital Group and I am wandering if the latest Mortgage rate decrease by the banks, will this affect HCG?

Thanks

Q: Hi Peter and Team,
Just wondering if you could comment on the recent decline in Bank of Internet (BOFI) stock. I am currently slightly below my break even point. It is close to a RSI of 30. Would this be a good time to sell or buy?

Q: Do you feel Bank of America ( BAC ) , which I bought on Friday , is heading up or did it just top out ? Have I made a timing error ?

Q: Counsel has issued heritage shares.Can you explain.Thanks

Q: hi.What is your opinion about CM (can Imperial Bank ).Has it changed since your previous comments.Between BNS and CM which one is your choice and the strongest treason for it.Thanks and have a good day,ebrahim

Q: We have full positions in the 5 major Cdn banks and a 1/2 posn in PWF. We have smaller posns in 3 utes, BEP, EMA and NPI. We rely on dividends for income so I'm considering dropping PWF for CPX, for better dividend and stability. Comment?

Q: I know you do not cover us stocks , however your opinion is valued.
I own GNW 5% of my portfolio, which has done fairly well over the last couple years. Where do you see GNW in the next 4 years. Is it worth holding or take profits and move on .

Thanks for your exceptional service.

Q: Hello Peter....This question is about E-L Financial (ELF-t). The 2013 year end announcement says "E-L Financial's net equity value per Common Share at December 31, 2013 was $872.45." But the price share remains at $700. (Most days the volume is light, minimal but today was an exemption, totalled 23,190.) I thought the trading price would ri$e. Would appreciate your take about the reasons it isn't ramping up......Tom M

Q: Equitable Group is at a 52 week high, do you like it at this price? Thanks. (EQB)

Q: cwb - could you give me your thoughts on Canadian Western Bank. It has been weak since it reported earnings which I thought were OK

Q: Please provide your opinion on the US banking sector and specifically Citi Group. Many thanks. Best, Don

Q: Any thoughts on Old Republic International (ORI-N)? Looks cheap, apparently CEO is buying stock. Thanks, Brad

Q: Hello Peter and Staff
Should I be concerned re SLF. Since purchase, based mostly on recommendation here, plus some personal research, on Feb. 28 it has been steadily down - almost 5% - in less than 4 wks. Is there something new in the interim. Should I hang on hoping to make up that 5% and perhaps make a little more over the balance of the year. Thanks very much

Q: Recently you remarked that REITS could be considered part of the fixed-income portion of a portfolio. Could the same be said of Mortgage Investment Corps (e.g. MCAN, Timbercreek, Trez), or would they be part of the equity allocation?

What is the difference between Timbercreek Mortgage Investment Corp. (TMC) and Timbercreek Senior Mortgage Investment Corp (MTG)? (Same with Trez Capital: TZZ and TZS.)

Q: Hi Peter
My question is on GWO . I know the stock has gone up this year but I am still underwater by 1600.00 .is it time for me to move on to a company that has more potential.? Can you suggest where I have a chance to grow more .
Thank you for Mylan .

Candi

Q: So home capital group just did a two for one split has your view on the company changed?

Q: FSZ (Fiera)has two large shareholders (Natl bank and DeJardiens) as well as having a meaningful stake owned by management......resulting in a small float. Do you have an opinion on why they have not taken the company private and do you think that they may do so in the near future?