Q: Thank you for answering my question on Lakeshore gold and the 47 Million shares that went across at the last second of trading of Friday. Just so I am clear about what you are saying is that Portfolio managers decide to adjust and re-balance so they either sell or buy and in this case they sold. In this case (if I understand correctly) it was decided to sell off 47 Million shares and that happened at the last minute. In effect it didn't drive the stock down more than 5%. Obviously. Also there were enough buyers to absorb 47 Million shares. Is this correct and if so does it not speak to the strength of this stock. One would think that this off loading of 47 Million share would cause the price to plunge by a lot more than 5%. This was 30 times more than the daily average. Thanks You.
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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: On Friday at the bell 48M shares were traded. I read it was rebalancing. Not sure what this means or what transpired. Can you explain the process and explain.
Thanks
Thanks
Q: IPL sure had some strange volume trading today -25 million shares - what would do this?
All the best of the Season to you!
All the best of the Season to you!
Q: Hi Peter & 5i Team,
In your response to Andrew re BNN, you said "... 'chasing' anything, be it a sector or a stock is not a wise investment move."
I am confused because, at other times I have read that you prefer to buy on strength rather than weakness as well as to average up rather than down. Isn't this strategy similar to chasing a hot stock or sector? Could you please clarify your thoughts.
Thanks in advance.
Francis
In your response to Andrew re BNN, you said "... 'chasing' anything, be it a sector or a stock is not a wise investment move."
I am confused because, at other times I have read that you prefer to buy on strength rather than weakness as well as to average up rather than down. Isn't this strategy similar to chasing a hot stock or sector? Could you please clarify your thoughts.
Thanks in advance.
Francis
Q: Hello Peter & Co:
I saw David Burrows on BNN the other day and he was saying to get out of the oil sector entirely. Essentially he was encouraging people to chase the hot sectors. Although, I like DB, I was surprised at what he was saying and thought that it was kind of irresponsible of him to tell people to do that. He's a pro who looks at it all day everyday, but the average BNN viewer isn't and telling folks to chase hot sectors to me is just bad advice period and works against the concept of diversification. I mean who knows which sector is going to be hot in the future? So you sell all your oil related stocks and 6 months from now oil goes on a tear and you miss out or wind up buying into it late and miss most of it. What are your thoughts on this?
As always, thanks so much for all you do and I hope you and your staff have a fantastic Christmas. cheers
I saw David Burrows on BNN the other day and he was saying to get out of the oil sector entirely. Essentially he was encouraging people to chase the hot sectors. Although, I like DB, I was surprised at what he was saying and thought that it was kind of irresponsible of him to tell people to do that. He's a pro who looks at it all day everyday, but the average BNN viewer isn't and telling folks to chase hot sectors to me is just bad advice period and works against the concept of diversification. I mean who knows which sector is going to be hot in the future? So you sell all your oil related stocks and 6 months from now oil goes on a tear and you miss out or wind up buying into it late and miss most of it. What are your thoughts on this?
As always, thanks so much for all you do and I hope you and your staff have a fantastic Christmas. cheers
Q: Hi 5i,
This is not a question but merely an observation. As I go on the "budget" (read: free) Globeinvestor website to check my stock holdings I have noticed what I believe is an anomaly. Out of 19 stocks I hold, when I access the stock page, the data page shows 3 windows, one of which is entitled "Profit". As I just checked today, out of my 19 stocks 5 had N/A while the other 14 were all deemed to be "Less Effective" "than other companies in its industry in turning revenue into profit". Just a note, my holdings include such names as AD, AYA, BAD, BCE, BEP.UN, BNS, CGX, DH, ESL, RUS, KEY, etc., etc.
I guess my point would be that either my stock selection really sucks or this site might not be as accurate as one might think since I believe statistically these results to be an anomaly. I would be curious if others have noted anything similar or if this is indeed accurate and reflects where my holdings stand in the scheme of things. Sorry for the lengthy missive!!
Merry Christmas everyone!!!
This is not a question but merely an observation. As I go on the "budget" (read: free) Globeinvestor website to check my stock holdings I have noticed what I believe is an anomaly. Out of 19 stocks I hold, when I access the stock page, the data page shows 3 windows, one of which is entitled "Profit". As I just checked today, out of my 19 stocks 5 had N/A while the other 14 were all deemed to be "Less Effective" "than other companies in its industry in turning revenue into profit". Just a note, my holdings include such names as AD, AYA, BAD, BCE, BEP.UN, BNS, CGX, DH, ESL, RUS, KEY, etc., etc.
I guess my point would be that either my stock selection really sucks or this site might not be as accurate as one might think since I believe statistically these results to be an anomaly. I would be curious if others have noted anything similar or if this is indeed accurate and reflects where my holdings stand in the scheme of things. Sorry for the lengthy missive!!
Merry Christmas everyone!!!
Q: Hi, I like to measure my portfolio performance ongoing with that of the S&P/TSX Composite Index. I know that Globe Investor Gold calculates dividends paid as included in my portfolio return. Do you know if the return listed for the TSX Index (5.32% YTD as of Dec.18) includes dividends paid or not? Thanks, J.
Q: When you refer to the p/e ratio of companies in this forum, are you always referring to the forward ratio?
Thank you and Merry Christmas/my portfolio is up 41% because of
Thank you and Merry Christmas/my portfolio is up 41% because of
Q: What is your advice on investment policy statements?
I have read everyone should have one, but hear very little about them.
I have read everyone should have one, but hear very little about them.
Q: Hi Peter,
What is your opinion of the headlines on the news...BNN and News Papers talking of U.S. Hedge Funds selling Canada. Will our Market collapse under this selling pressure. It seems like they were doing a good job of selling the Canadian Market down except for the last three days.
Appreciate your opinion, thank you
What is your opinion of the headlines on the news...BNN and News Papers talking of U.S. Hedge Funds selling Canada. Will our Market collapse under this selling pressure. It seems like they were doing a good job of selling the Canadian Market down except for the last three days.
Appreciate your opinion, thank you
Q: When looking to add positions, should I be starting with your highest ranking stocks first?
Q: Hello,
I have 60K that I'm not sure what do with. If I invest the money I will get back 46% from the good old government. That seems like the right choice but I'm considering paying down my mortgage.If you had a choice between paying down your mortgage (no penalty)or investing your money long term what would be your choice be at this time.
Thanks and Merry Christmas!
I have 60K that I'm not sure what do with. If I invest the money I will get back 46% from the good old government. That seems like the right choice but I'm considering paying down my mortgage.If you had a choice between paying down your mortgage (no penalty)or investing your money long term what would be your choice be at this time.
Thanks and Merry Christmas!
Q: Further to Steve's recent question re: "foreign" allocation, your answer was 15 - 20%. My question is, would this number be "ex-U.S." or do you include the U.S. within the "foreign" category? For myself, I tend to view the markets as Canada, U.S. and Foreign (or World, Global, etc., with Emerging Markets being a sub-sector of that.) If this figure is "ex - U.S., then what would the U.S. % be that you would recommend given Steve's criteria?
Thanks,
Cheers,
Mike
And, Merry Christmas to all those at 5i Research and the whole 5i community!!
Thanks,
Cheers,
Mike
And, Merry Christmas to all those at 5i Research and the whole 5i community!!
Q: I am a retired dividend-income investor who is very focused on asset allocation. What percentage of the overall portfolio do you recommend regarding foreign content? My current foreign weighting is 14%.
Q: In your answer to Pierre about Russia you say that NA markets are concerned about a Russian collapse as in 1998 but you did not specify exactly what affect this would have on our markets. Could you please elaborate. Thank you
Q: Let's say a couple has a $200K diversified portfolio of 25 stocks held in 3 or 4 registered accounts with no duplication of stocks between the accounts. How would you handle it if they had $200K in additional new funds to invest in non-registered accounts? I assume it would be appropriate to add some new names to the existing portfolio but what would be the best way to add to existing names? How many total stocks would be a good number? Would it be prudent to avoid having the same stock in more than one of these accounts in this type of scenario? All accounts would have a long-term time frame.
Q: I have been an investor for many years and truly enjoy the process notwithstanding the ability to make money. As such I have, over the years, read and studied a great deal on this subject matter. We have always been thought that the market has 3 dimensions. Fundamental, Technical and Sentiment. This has been the model for 100 years. Well I guess things change and I do believe we need to add another dimension. Machines or Algorithmic Trading. I see glaring examples of this everyday in real time. Could you give us your thoughts on this and how one should prepare himself to deal with this fourth dimension? Regards
Q: Question on the Deferred income taxes of $5,594,000,000.
Do you have any insight into this on the current report in section 22 they explain $655 million as an increase of Mexican income tax. What about the rest?
http://www.goldcorp.com/files/annual_reports/Goldcorp_AR13_full_v08.pdf
Page 87 is the balance sheet. on page 130 and 131 they explain it.
But it is a big one.
The below only explains $665 M
In December 2013, the Mexican President passed a bill that increases the effective tax rate applicable to the Company’s Mexican operations.
The law is effective January 1, 2014 and increases the future corporate income tax rate to 30%, creates a 10% withholding tax on dividends
paid to non-resident shareholders (subject to any reduction by an Income Tax Treaty) and creates a new Extraordinary Mining Duty equal
to 0.5% of gross revenues from the sale of gold, silver, and platinum. In addition, the law requires taxpayers with mining concessions to
pay a new 7.5% Special Mining Duty. The Extraordinary Mining Duty and Special Mining Duty will be tax deductible for income tax purposes.
The Special Mining Duty will generally be applicable to earnings before income tax, depreciation, depletion, amortization, and interest. In
calculating the Special Mining Duty there will be no deductions related to development type costs but exploration and prospecting costs
are deductible when incurred.
As a result of the law becoming enacted in the fourth quarter of 2013, the Company recognized a non-cash charge of $655 million related
to the deferred tax impacts of the above tax changes.
Do you have any insight into this on the current report in section 22 they explain $655 million as an increase of Mexican income tax. What about the rest?
http://www.goldcorp.com/files/annual_reports/Goldcorp_AR13_full_v08.pdf
Page 87 is the balance sheet. on page 130 and 131 they explain it.
But it is a big one.
The below only explains $665 M
In December 2013, the Mexican President passed a bill that increases the effective tax rate applicable to the Company’s Mexican operations.
The law is effective January 1, 2014 and increases the future corporate income tax rate to 30%, creates a 10% withholding tax on dividends
paid to non-resident shareholders (subject to any reduction by an Income Tax Treaty) and creates a new Extraordinary Mining Duty equal
to 0.5% of gross revenues from the sale of gold, silver, and platinum. In addition, the law requires taxpayers with mining concessions to
pay a new 7.5% Special Mining Duty. The Extraordinary Mining Duty and Special Mining Duty will be tax deductible for income tax purposes.
The Special Mining Duty will generally be applicable to earnings before income tax, depreciation, depletion, amortization, and interest. In
calculating the Special Mining Duty there will be no deductions related to development type costs but exploration and prospecting costs
are deductible when incurred.
As a result of the law becoming enacted in the fourth quarter of 2013, the Company recognized a non-cash charge of $655 million related
to the deferred tax impacts of the above tax changes.
Q: Peter My new year plan is to deregister from my RIF wcp and 300 shrs of BTE out of our spousal RRSP and transfer them into my cash account I have sufficient div in both accounts to pay the taxes.
We are allowed 19m$ for our TSFA contribution and I plan to move as much SGY into it that I can from my cash account .This is my attempt to make the best of these low share prices .
Do you have any comments on this plan.
Stan
We are allowed 19m$ for our TSFA contribution and I plan to move as much SGY into it that I can from my cash account .This is my attempt to make the best of these low share prices .
Do you have any comments on this plan.
Stan
Q: hello 5i team,
I want to be honest and with respect, I found your answer earlier today for Mike regarding tracking quarterly reports a little disconcerting. As I study and learn, there is no question that not only to quarterly reports give me an indication whether I should buy or sell, they also give me a heads up as to what I "might" expect in the foreseeable future.
What I find disconcerting in your answer is that it appears to me there is not a really good reason for 5i not provide heads up on quarterly reporting other than 5i may be too busy to find the time to do so.
You do so much and I really appreciate all the effort but hopefully you appreciate our feedback as I would very much like to know when quarterly reports are scheduled to come out and what we might expect to see.
Thanks for all you do
Gord
I want to be honest and with respect, I found your answer earlier today for Mike regarding tracking quarterly reports a little disconcerting. As I study and learn, there is no question that not only to quarterly reports give me an indication whether I should buy or sell, they also give me a heads up as to what I "might" expect in the foreseeable future.
What I find disconcerting in your answer is that it appears to me there is not a really good reason for 5i not provide heads up on quarterly reporting other than 5i may be too busy to find the time to do so.
You do so much and I really appreciate all the effort but hopefully you appreciate our feedback as I would very much like to know when quarterly reports are scheduled to come out and what we might expect to see.
Thanks for all you do
Gord