Q: Hello 5i, given the uncertainties and volatility of the TSX and SP 500, would consider selling some US/ CND equities and buy gold and or GIC to weather the possible tariffs? If so what % of the portfolios would you sell? I am retired and have holdings in TFSA, RIF and individual accounts. Thank you in advance!
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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: Everyone, how do you deal with a socially unacceptable stock that outperforms the averages. I personally do not like what FB does for our society and have never owned the stock for that reason. Is the market about making money or shunning stocks that you personnlly dislike for various reasons. Clayton
Q: I wish to buy some US stocks. In the past I have simply sent CAD to my US account and paid the exchange. Now with Canadian Depositary Receipts being available what is the real cost of owning them. My instincts tell me that there must be a fee somewhere or they wouldn’t go to the trouble of creating this type of transaction.
My other option is to try Norbert’s Gambet and save the exchange rate.
Your comments please.
My other option is to try Norbert’s Gambet and save the exchange rate.
Your comments please.
Q: Hello, with the recent pullback I am thinking about opening up a position in NA, but, I have money in my US brokerage account, it is only available OTC. Do you see any risks with using the OTC network ?
Q: Everyone, what are your three main worries today? Clayton
Q: 5i core principles
Can you clarify what you mean with this statement?
Avoid Concentrated Risks
"Don’t make a portfolio reliant on a single stock."
This is staight forward. But how many do you recommend?
"no matter how well you know a company or how confident you are in it, it can still go down."
How do you mitigate risk? It would seem that having a method of getting out of non or under performing stocks would be prudent.
"Having too many eggs in one basket can cause a lot of problems that are hard to bounce back from."
Are you suggesting having many baskets or having one basket with a few eggs that you carefully monitor?
I will post this under Avoid Concentrated Risks in the forums section if anyone wants to comment.
Can you clarify what you mean with this statement?
Avoid Concentrated Risks
"Don’t make a portfolio reliant on a single stock."
This is staight forward. But how many do you recommend?
"no matter how well you know a company or how confident you are in it, it can still go down."
How do you mitigate risk? It would seem that having a method of getting out of non or under performing stocks would be prudent.
"Having too many eggs in one basket can cause a lot of problems that are hard to bounce back from."
Are you suggesting having many baskets or having one basket with a few eggs that you carefully monitor?
I will post this under Avoid Concentrated Risks in the forums section if anyone wants to comment.
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Meta Platforms Inc. (META)
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Alphabet Inc. (GOOG)
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Netflix Inc. (NFLX)
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TELUS Corporation (T)
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Take-Two Interactive Software Inc. (TTWO)
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T-Mobile US Inc. (TMUS)
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Nebius Group N.V. (NBIS)
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Defiance Connective Technologies ETF (SIXG)
Q: In process of rebalancing growth leaning portfolios, so for the Communications sector, what would be your top five or six "must own" holdings, any market in this sector. Currently I have a notional 6% allocation to sector and small positions in GOOG, SIXG (FIVG), NBIS, and Telus. At a 3.6% position I have room to grow and looking for ideas.
Q: Have a question I have been meaning to ask for some time,
Do TSX/TSXV listed non-Canadian companies, like QIPT/US, KSI/Ireland, and IMP/US, just as examples, move more in-line with Canadian markets or their home country peers? E.g. if US healthcare companies are up 1% and Canadian healthcare companies are -1%, would you expect QIPT to be up or down 1%? QIPT is just an example, is there any information around this out there? *I am not asking about those specific companies in general.
I think ultimately I am looking at some of these American listed companies on the TSX (have a list from the TMX website: https://www.tsx.com/en/listings/listing-with-us/sector-and-product-profiles/united-states#listed-companies), and wondering if there are advantages to buying them to get American exposure, companies that report in USD, but avoid the FX fees and broker fees associated with buying American companies directly.
Any information you can provide would be great!
Also, some of the companies on that report from the TMX site I see are headquartered in Canada - like GRID, PIF, DR- any idea why they are on this report? They all say they're headquartered in Canada....
Thanks. - Jeff
Do TSX/TSXV listed non-Canadian companies, like QIPT/US, KSI/Ireland, and IMP/US, just as examples, move more in-line with Canadian markets or their home country peers? E.g. if US healthcare companies are up 1% and Canadian healthcare companies are -1%, would you expect QIPT to be up or down 1%? QIPT is just an example, is there any information around this out there? *I am not asking about those specific companies in general.
I think ultimately I am looking at some of these American listed companies on the TSX (have a list from the TMX website: https://www.tsx.com/en/listings/listing-with-us/sector-and-product-profiles/united-states#listed-companies), and wondering if there are advantages to buying them to get American exposure, companies that report in USD, but avoid the FX fees and broker fees associated with buying American companies directly.
Any information you can provide would be great!
Also, some of the companies on that report from the TMX site I see are headquartered in Canada - like GRID, PIF, DR- any idea why they are on this report? They all say they're headquartered in Canada....
Thanks. - Jeff
Q: A two part question having to do with the sharp drop in TFII but more about the reliability of 5i data and institutional trading.
Firstly 5i shows institutional holdings at 1.02% while several other site show it at over 70%, that's quite a discrepancy.
Secondly when one sees heavy volume trading it is assumed that it is the institutions moving the stock. With a sharp drop it is assumed that they are selling. My question would be who are they selling to?
Firstly 5i shows institutional holdings at 1.02% while several other site show it at over 70%, that's quite a discrepancy.
Secondly when one sees heavy volume trading it is assumed that it is the institutions moving the stock. With a sharp drop it is assumed that they are selling. My question would be who are they selling to?
Q: Hello,
One of your members was inquiring re: books about managing your investments in retirement.
Daryl Diamond's "Your Retirement Income Blueprint" is an excellent resource. Lots of insights in terms of how to structure your income while your portfolio continues to grow and the most important topic of minimizing taxes during decumulation. However, it is less about "investing" and more about how to manage and structure your retirement income/savings - so you have money to live on while the rest continues to grow, and in the most tax effective way.
One of your members was inquiring re: books about managing your investments in retirement.
Daryl Diamond's "Your Retirement Income Blueprint" is an excellent resource. Lots of insights in terms of how to structure your income while your portfolio continues to grow and the most important topic of minimizing taxes during decumulation. However, it is less about "investing" and more about how to manage and structure your retirement income/savings - so you have money to live on while the rest continues to grow, and in the most tax effective way.
Q: A suggestion in response to Ahmed's Feb 20th question about resources on how to manage a portfolio approaching / during retirement: "Secure Retirement" by Jacques Lussier. A bit academic but I hope you find the concepts useful.
https://rpc.cfainstitute.org/research/foundation/2019/secure-retirement
https://rpc.cfainstitute.org/research/foundation/2019/secure-retirement
Q: How do you handle your portfolio if your concern is cash preservation for yourself rather than for any heirs and the time to recover from market falls is no longer there?
Q: Is there a book or online resources on how to manage your portfolio during retirement (or close to retirement) that you can recommend?
I have read a lot about long term investing, the economical cycles, and related weightings during wealth maximization stage when one has many years before retirement. I recently started asking myself about how that could change when a person approaches retirement and then actually retires. I still have many years before I retire but I would like to plan early.
Your advice is greatly appreciated.
Thank you
I have read a lot about long term investing, the economical cycles, and related weightings during wealth maximization stage when one has many years before retirement. I recently started asking myself about how that could change when a person approaches retirement and then actually retires. I still have many years before I retire but I would like to plan early.
Your advice is greatly appreciated.
Thank you
Q: What are your thoughts on RRSP loans and borrowing to invest in general?
Right now I can borrow at 5.3% for an RRSP loan and can otherwise borrow at 7.4%. I think the tax and investment benefits would outweigh the borrowing costs in the case of putting it into an RRSP. In the case of a non registered account, the 7.4% hurdle rate makes it tougher. Do you have any general advice for borrowing to invest in a non registered account? And if one chooses to do so what suggestions would you make regarding allocation or options to consider? I understand this would be general advice and not personal recommendations.
Thanks very much
Right now I can borrow at 5.3% for an RRSP loan and can otherwise borrow at 7.4%. I think the tax and investment benefits would outweigh the borrowing costs in the case of putting it into an RRSP. In the case of a non registered account, the 7.4% hurdle rate makes it tougher. Do you have any general advice for borrowing to invest in a non registered account? And if one chooses to do so what suggestions would you make regarding allocation or options to consider? I understand this would be general advice and not personal recommendations.
Thanks very much
Q: In a recent response to another member you mentioned "IBKR is almost twice the size of HOOD ($99B vs. $56B market cap, respectively)".
I ended up looking into IBKR and HOOD a bit more and discovered this about IBKR:
Depending on the data platform, some list the IBKR market cap as ~$25B and others list it as ~$99B. This has to do with whether you consider both public and private shareholders counts when calculating market cap.
I learned that GAAP handles this where the non controlling interests are removed from the income statement ("less net income attributable to non-controlling interests" which was $2.652B for 2024 leaving $765B Net Income) to leave only the net income attributable to IBKR public share holders. The bigger chunk goes to IBG Holdings controlled solely by Thomas Peterffy.
Based on this I believe IBKR is half the size of HOOD, at least the portion that common shareholders attribute earnings too.
How do you think about companies structured like this?
I ended up looking into IBKR and HOOD a bit more and discovered this about IBKR:
Depending on the data platform, some list the IBKR market cap as ~$25B and others list it as ~$99B. This has to do with whether you consider both public and private shareholders counts when calculating market cap.
I learned that GAAP handles this where the non controlling interests are removed from the income statement ("less net income attributable to non-controlling interests" which was $2.652B for 2024 leaving $765B Net Income) to leave only the net income attributable to IBKR public share holders. The bigger chunk goes to IBG Holdings controlled solely by Thomas Peterffy.
Based on this I believe IBKR is half the size of HOOD, at least the portion that common shareholders attribute earnings too.
How do you think about companies structured like this?
Q: Good Morning 5i Team,
Retired income investor. Current funds generated keep my wife and I comfortable.
Will be inheriting a large sum in very near future. With ongoing Trump issues should I hold monies in reserve; dollar cost average or go all in.. Are we going to see a major downturn which would provide buying opportunities Your thoughts and insights on how to proceed would be most appreciated.
Retired income investor. Current funds generated keep my wife and I comfortable.
Will be inheriting a large sum in very near future. With ongoing Trump issues should I hold monies in reserve; dollar cost average or go all in.. Are we going to see a major downturn which would provide buying opportunities Your thoughts and insights on how to proceed would be most appreciated.
Q: Hello,
I've heard that stock traders are using AI-automated trading platforms for day trading. Is this practice becoming popular? Does AI truly help improve trading performance? Based on your knowledge, what are the success rates of these trades? Can these AI platforms effectively do the job? I would appreciate your insights. Thanks
I've heard that stock traders are using AI-automated trading platforms for day trading. Is this practice becoming popular? Does AI truly help improve trading performance? Based on your knowledge, what are the success rates of these trades? Can these AI platforms effectively do the job? I would appreciate your insights. Thanks
Q: Is it possible for you to accumulate all the past tariff questions into a separate question category? Thank you
Q: They say bond people are smarter than the stock market. Where would "shorts" get rated. Better, worse, leading, lagging etc. How much is too much, if any. e.g. Pembina Pipeline (PPL)
Tx in adance. Ken
Tx in adance. Ken
Q: A grandson age 22 saw ad from canadian personality ontv. He says that this company has investors making money with small amount deposited. I told him to hold off and was going to check with 5i. The company is Anvil Capita LB SL. based out of Madrid. Maybe people with 51 have dealt with them or is this scam.Appreciate your help 5i Use has many points for questions that I have. Thank you