Investment Q&A

Q: Hello 5i
I understand the upsize however I don’t understand what the $9.80 subscription receipt represents. Appreciate your help.
“WELL Health upsized its previously announced $295.5M equity offering by C$7M and completed the full upsized C$302.5M equity offering at C$9.80 per subscription receipt, representing a 25% premium to WELL’s 5-day VWAP preceding the announced acquisition of NYSE American and TSX listed CRH Medical Corporation or “CRH”.
Thank you

Q: I'd really like to see 5iReseach provide members with a table listing ALL company reports with three columns, (company name; most recent rating; and date of report issuance. The current presentation of reports is waste of time to search through page by page, only to find a company of potential interest and find the report out-of-date. We should be able to see at all reports at a glance, perhaps by alphabetical order or rating.
Looking forward to your reply,

Q: Good evening!
I just read your update, and was somewhat surprised reading the asterisked comment regarding holdings in ZRE. My understanding was that you did not invest in Canadian positions. I also assumed that any staff, directors, and such were held to the same obligation. Has this philosophy changed? Is this a singular exception, and if so will this holding be sold by the one holding the position?
Feel free to publish your response as it is my belief that other members would be interested in your answer, but may not have been inclined to ask the obvious question.
Thanks! Paul K

Q: Hello 5i. Do you have a position in xbc?

Q: I do not understand, and wonder if you can explain, the difference between the new Purpose Investment ETF way to buy bitcoin versus the Wealthsimple way to buy bitcoin?

Q: This question is about transferring a Canadian stock traded on the TSX that pays dividends in US dollars, like TFII might be doing, to the US dollar side of the trading account and as such, holding the dividends in US dollars rather than the US dollar dividends being translated to Canadian dollars by the broker.

For example, is there a fee or charge to do this transfer? Is there a foreign exchange exchange charge? And when the Canadian stock is to be sold on the TSX, is there a foreign exchange gain or loss?

Any assistance like a link to better understand the ins and outs of this transfer maneuver and the cost implications, if any, would be helpful to me.........Thanks.....Tom 

Q: Hi, I'm a new member and have this basic question. Analyst recommendation in a company profile shows recommendations such as Buy, Hold and a number assigned to them. For example, AAPL has 16 for Strong Buy, 3 for Moderate Buy. Is the any FAQ section in the website which can educate me on how to interpret these numbers? What it means to be 16 for strong buy? Is 16 out of 100 or something else? Can I filter stocks which have strong buy recommendation above a certain number say 10 on your website?

Q: Over the past few weeks I've become increasingly interested in alternative investing, particular with regard to fixed income. I meet the criteria for an accredited investor and could manage an offering memorandum, yet liquid alts look a little more interesting. Three questions: (1) Do you think there's a case to be made to redeploy 5% to 10% of the traditional 60/40 mix into alternatives? (2) Are you guys up for answering some questions about the different liquid alt strategies? (3) If not, any suggestions where a relatively savvy investor would go to get some good independent advise on how to best wade into this asset class?

Q: VWDRY, Vestas Wind Systems trades in the US on the OTC pink, You have given it a thumbs up but From my google search OTC pink is a speculative stock.
Should I avoid this one.
Thank You
Peter

Q: Would you agree that the equity markets have in effect become a synthetic casino where money begets money and the idea that capital flowing to companies to provide the wherewithal for expansion thus job and wealth creation has become secondary?
Last year some 2.7 trillion trades produced roughly 120 trillion dollars of notional equity value. How much of that value ultimately found its way to provide capital to businesses? Less than 5 percent probably.
The brightest minds are helping engineer money for money's sake without creating any lasting value.
Happy Trading Everyone!

Q: A member reported difficulty purchasing OTC:VWDRY at TDW. I, too, have mostly given up on ordering over-the-phone. However, the member should be able to purchase VWDRY via WebBroker; indeed, when I enter the symbol in the order form textbox, WebBroker autocompletes the company name. The only obstacle is the omission of price data, but that's available at OTCMarkets (which, when I've asked, has been where TDW's phone brokers got their information, too.) Perhaps WebBroker added this symbol to its database only recently.

Q: Hi Peter,
I have a portfolio of CND stocks, AT, EGLX,ERO,WELL,KRR.XBC, and a portfolio of US listed stocks, DCBO,CRWD,FUBO,MITK,LSPD,PINS,KL. I am comfortable with my holdings and dont plan to sell in the short term. Based on the context of my portfolio, should I decide to hedge my portfolio by buying HUV:CA, as rule of thumb, what % of my portfolio would you think would be adequate to hedge without having to highly dilute my overall returns. I hope I am making sense with the question I am asking.
Your assistance is much appreciated.
Thanks,

Q: If a stock trades on BOTH TSE & NASDAQ, does it matter which exchange I buy it on? Will the Price I pay on the TSE, be in since with the US price?

Thanks!

Q: Hi, how often should we look to high grade our portfolios? For example, in many questions you rank stocks and today in a previous question you ranked these stocks in the tech sector - CRWD, NVDA, TTD, SHOP, LSPD, TEAM, KXS, PLTR, TOI, MITK, DOCU, AVLR.
If I currently already own SHOP, LSPD, KXS and DOCU, should I look to high grade from DOCU/KXS into CRWD/NVDA/TTD since these should show higher growth? Can you shed some more light around your process and how we can best manage quality in our personal portfolios. Thanks!

Q: Hello 5i,

Thanks again for your services. As a novice investor I am feeling a little antsy as some of the stocks Seem like they have the potential to double, for example acb. Almost all of my portfolio has been built off of your models or suggestions. I am thinking long term but want to be on top of things. Would your recommendation be to sell winnings if I see a stock double? I also have some funds sitting as cash at the moment, and i am hesitant to buy in yet. Do you think it is smart to wait a bit for things to cool?

Q: I hope you can tell members how you prioritize questions sent to your Member Questions service .
This may help members to structure questions in a way that makes them more efficient to deal with.
It seems questions about a company in the news get answered almost immediately. News such as Takeover announcements or quarterly reports are answered on the day of the news or very soon after. I understand that you try to answer questions within 3 business days but within those 3 days does length of question, complexity, staffing, affect response time or is there a hierarchy or some other priority system in place?

Thank you
Frank

Q: Hi Peter, Ryan and Team,

I was wondering about cash positions. Should cash positions vary depending on the type of account you have (RRSP, TFSA, non registered accounts, RESP) and should it be looked at as the whole portfolio?

For example, with a RESP, the window of investing is about 18 years, should you be fully invested in stocks all the time to maximize growth, with a minimal cash position. Whereas with a RRSP/TFSA, you have more time and you can adjust the cash position based on your risk tolerance.

Thanks.

Q: I just want to clarify your suggestions for starting position and maximum position for individual stocks in a portfolio. From context it appears that 2%, 5% and 7% and 8% in your following answer from some time ago relate to percentage of the equity portfolio only, not the total portfolio which includes fixed income and cash. Can you confirm that these percentages do in fact relate to only the equity part of the portfolio. I mean, I may veer from these, but I like to have some idea of a norm so I know how much I'm veering. The extract of your answer I'm referencing is:
"What the right size of a position is comes down to some personal factors but we think a minimum, 2% position is a good starting point. This would lead to an average portfolio of 50 securities, which is a bit high in our view but at least manageable. In terms of maximum allocation, we would tend to target a 5% maximum starting position and look to rebalance as positions drift higher than this. At 5%, you would have a portfolio of 20 holdings which allows diversification but each holding contributes meaningfully to returns. We are fine letting big positions run to 7% and 8% ..."

Q: How do you feel about buying odd numbers of shares? ie. 1 or 2 shares of Google or Amazon. Does this present a problem when selling?

Q: As a follow up to my previous PL question. I don’t want to sell to early or waste time on a stock that has stopped it’s dividend and will be flat. When should we know that know one else is coming in to raise the bid or that the offer will be raised.
It’s sounds like the big shareholders are on board. Thank you for your timely advice.