Investment Q&A

Q: I want to understand the economic and financial impact of the Fed’s tapering it’s bond purchases. Is there a good source(s) that discusses this topic in detail and what the difference in impact compared to raising the Fed’s rate?
I would also appreciate a summary response from you on this.
Thanks.

Q: re: Moez's Jun 29/2021 article on "Canadian Stocks that pay US dividends: Could you confirm your understanding to be that in order to receive in US dollars, the US $ dividend that these Cdn Stocks issue, that the Cdn stocks must be journaled over to an equivalent US$ account (eg Cdn $ TFSA to US$ TFSA, or Cdn $ RRIF to US$ RRIF)? My brokerage says this is what must be done and that they will not charge any currency exchange premium on this). And, if that is done for Cdn stocks held in either a TFSA (US $ )account or a RRIF (US$) account that there will be no US tax withheld on dividends ?
Many thanks in advance for clarifying .

Q: Hello Peter and Team, I’m hoping you (or some of my fellow members) might be able to shed light on a problem I’m having. I set up my self-directed accounts at BMO Investorline to permit both CAD and USD. I recently discovered that despite that, my Canadian holdings that pay their dividends in USD (e.g., Magna) have unilaterally been converted by BMO into CAD (to their profit of course). I have been trying to get an explanation from BMO for six months. Their responses have ranged from ignoring me, to non-answers, to a promised written response that never arrived. Their ‘practice’ seems to be that if I purchased a stock in a particular currency, they will credit the dividends to my account in that currency (converting if necessary) even though I didn’t ask for that to be done and don’t want to pay for such unwanted FX services. As I was unable to find anything in any of my BMO account agreements that dictates this practice, I was told they would point it out and advise me in writing “next week”. That was six weeks ago. I feel I’m being ‘skimmed’ improperly. Any comments? Are others having this problem? Thank you!

Q: I am a subscriber to my 3 grandchildren's RESP accts. What happens when I die. Who can continue to supervise the accounts and make contributions? Thanks

Q: As CSU keeps rising, what would you consider to be a maximum holding before trimming the position?

Q: Recent G&M article suggested that CIBC has initiated CDRs for Amazon and plans other U.S. stocks also; must one open a CIBC account to purchase this product or will it be available through other institutions? (on NEO exchange)

Q: What is your opinion about the new Canadian Depository Receipts (CDR)s being started by CIBC? It sounds like a good opportunity to participate in the American tech boom without paying huge fees to deal in American dollars. Is there any downside that you can see?

Q: On Yahoo finance today at 11:32 adt, it show a volume spike of 52.9K. On the TSX site under "Trading History" for the same time, there is no indication of that many shares being traded, not even close. On my Questrade "Time and Sales" it's not there either. I thought volume on bar charts where actual traded shares, if this is not the case, is what I'm seeing on Yahoo the level of Ask and Buys, but not actual trades? Thanks,

Q: Hi Peter,
CIBC launches depository receipts for shares in US companies. The first to launch was amazon.com CDR NEO: AMZN-NE on the NEO exchange.
The shares are hedged to the Cdn dollar.
For Amazon with a cost per share of $3,622 US the cost per share on the NEO is 22.86 Cdn.
CIBC will be launching more of CDRs for more US companies in the next days. What is your take on this method of buying into US companies without spending a lot of US dollars?
Thanks
Ron

Q: Me, want to share this zinger that made me chuckle like hahaaaa.....BNN attributes it to Lorne Steinberg​ that I understand is a "value portfolio manager"
here is Lorne's "elbow" at investment analysts - If investment analysts were meteorologists, rain would never be in the forecast.​

Q: I will soon start to withdraw from my RRSP and I am looking for tax saving ideas. I don’t like the idea that if I was hit by a bus tomorrow (aside from negative outcome for me) that my RRSP would be taxed at 53.53% and my dependents would be left with less than my hard-earned savings. I need your advice and yes I will look both ways before crossing the street. I recently listened to an audio by Allan Schieman where he suggests flow-through shares as a tax saving option. It seems like an interesting idea with some risk. I searched and found a Maple Leaf Fund managed by Craig Porter in BC. I suspect there are many pitfalls here, and I seek your advice and input on two questions i.e, 1. are there any reasonable/recommended flow-through share investment vehicles to help save taxes and 2. How else can I reduce RRSP withdrawal taxes? Please deduct as many questions you see fit. Thanks for your valuable advice.

Q: Where can one obtain a chart of the margin levels on the TSX as is available on the US exchanges? Tx.

Q: I realize that markets can be somewhat unpredictable at best sometimes but I see some commentators who say that fall through to spring is a good period for some commodities per se. I try not to invest or trade based on these notions but rather on the merits of a company and 5I advice. However I noted once that 5I had a comment that August/September seemed to be a good period for technology stocks. Does this seem to be a general trend
Thank You for Your great service
Clarence

Q: This question is about trimming a position when overweight relative to the portfolio.
Previously, I monitored the weighting for a specific position depending on which of each of the 4 portfolios it was in -  Cdn Balanced, US Balanced, Cdn Income and Cdn Growth.
But then I signed up for Portfolio Analytics.
Taking WSP as an example, it is about 8% in the Cdn Balanced portfolio. But well under in the one, all inclusive portfolio, like less than 5%.
Going forward, do I continue to trim based on the weighting within each of the 4 separate portfolios or based on the one all inclusive portfolio, aka the Portfolio Analysis one???
Thanks for settling this quandary of mine........Tom

Q: Does anyone know why he & Fast Money, etc are NOT on CNBC CH # 79 in Toronto as of yesterday?

Thanks!

Q: Peter,

What have you heard about the Money Show in Toronto this fall. Are you participating.

Thanks
Paul

Q: A general Question. When the after hours trading numbers and percentages of US traded securities have stopped am I then looking at the opening price the next morning? If not what is the significance of the numbers? Thanks! John

Q: Thoughts/preferences regarding these stocks?
Thanks...

Q: Good Morning Peter, Ryan, and 5i Team.
My question is regarding position weightings. I have trimmed TFII once since I have owned it but it continues to run and now represents about 8% of the account it is in. (Thank you so much for the original recommendation) I have owned CSU since $88 (Thanks again) and trimmed it along the way as well. After the last time I trimmed CSU I vowed to never trim it again unless Mark Leonard sells out or the wheels really fall off. How do you approach position weightings when the trend is your friend ? Thank you for your ongoing help. DL

Q: Can you please tell me the best book to read to learn about Japanese candles. Thank you. Bob