Investment Q&A

Q: Hi, in a previous question you replied with "These are not buy-and-forget stocks".

Also in the most recent Amber Kanwar podcast, the guest Dan Rohinton thinks "buy and hold" philosophyhas changed and that you can no longer hold stocks with 5-10 year horizon and instead should do 2-3 year due to how fast technology is changing/spreading into every sector.

I'm not sure if the former point is related or not but in general what are your thoughts on this... I thought all stocks should be buy and hold for the long term 👉👈

Q: Can a bull market continue with poor breadth? It seems like only things related to AI are going up. When you examine the current market, do you feel it is healthy or is the fact that everyone is piling into semiconductors, memory etc.. creating risk and an unhealthy market? Thank you!

Q: I am scared. I am a dividend investor with 48 stocks including 15 ETF's. Eight of these ETF's are covered call by Hamilton BMO and Vanguard. All eleven sectors are covered with blue chip dividend paying stocks. Previously at least eight to ten stocks were in the red but this changed with sector rotation where they would turn green and others would be in the red. Now everything is green and lately all my covered calls are really much higher than at first. The question is: is all this just waiting to crash around my ears? I feel this cannot go on. I am not really afraid of a big drop because of the quality of my investments and since I have been through drops several times, but it is just unnerving waiting for the shoe to drop... and then the other one!

Q: I’ve listed several stocks that have gone parabolic in the last several months (knowing that there have been many more). I know you don’t have a crystal ball, but at what point do investors sell? Or would you just trim based on weighting?

I ask because I have sold some stocks too early in the past (eg. NVDA) and don’t want to make the same mistake again!

Q: Everyone, When evaluating a stock purchase, what process do you follow? Specifically, what financial metrics do you review, what peer companies or benchmarks do you compare the stock against, and do you typically buy the position all at once or build it over multiple purchases? Similarly, what criteria and process do you use when deciding to sell a stock? Clayton

Q: Hi can I get your take/response to bearish analysis on CRWV by Mark Meldrum (youtube video
Low Quality GDP, It's 1999 all over again, and Spotlight Company - CoreWeave (CRWV) )

And why is NBIS different?

Q: Hello 5i

Like others have mentioned, I have also learned and profited from following 5i and I thank you. I usually listen especially closely when you speak about your own strategies. In that regard I was intrigued by an answer you gave concerning your own portfolio size i.e. 15 stocks and 3 covered call etf’s. It raised several questions. I appreciate your willingness to talk about your own holdings, and this encourages me to ask the following questions. If you feel, however, that they are too personal for a public forum I certainly understand. If you feel comfortable answering, though, I would like to get more detailed information:

1.First is that there seems to be no mention of fixed income. I assume that you don’t hold any and further assume that the reason for this is that if one has enough funds one can withstand a sizable meltdown of the stock market without too much concern. I ask this because I am always wavering about whether to hold fixed income.
2. I notice that you don’t mention any vanilla flavoured etf’s, such as SPY or QQQ. Does this mean that you see the covered call etf’s as a suit iable substitute for them? The question I am getting at here is whether they would be good for all seasons or simply in times like this?
3. Do you now use these covered call etf’s as an easier way to make money on covered calls than selling calls on individual stocks?
4. If you hold 15 stocks as well as three etf’s, what kind of percentage might each one represent and the etf’s?
5. I am planning to use this strategy, But, for the moment I need to buy on margin, Canadian margin has a lower interest rate than US. So I was looking at Hamilton’s QMAX.It looks similar but I wondered what you thought.
thanks

Q: Struggling with strategy within this market. Does one ride the momentum trade of stocks tied to data centre build out with huge valuations that go up every day, or does one look at a hated sector like healthcare and slowly pick away? Seems like every time there is something negative, like the Open AI news, the hot stocks sell off, but then people quickly go back to those. What should the strategy be- pick away at unloved quality or wait for the odd pullback and choose things that have the momentum? Thanks for your wisdom.

Q: Hello
Does 5i have a RSI recommendation for the above.. similar to the finviz screener ?

Q: Hi 5i,

is the price is attractive to buy in now for PBH:CA, before it was over 100. What is your suggested buy in price and target price.

Many thanks

Q: If one believes a global recession is on the horizon, would you prefer to be liquid with CAD, USD, Gold, or some mix thereof? Thanks.

Q: This is a follow up to Dennis‘s question on the number of stocks to hold in a portfolio. You have suggested that about 20 (15-25) is all that you need. This may be correct for a conservative investor, but I feel your client base is a little bit more aggressive. Hence 20 conservative stocks, and a dozen more aggressive ones. I have used your advice to help me invest in a dozen smaller or unknown companies of which some have done great, some have done well, some are treading water and some have done poorly. I have started all these at a quarter position, which has worked well over the years. My biggest problem is knowing when to trim the great stocks as a fourfold increase only brings them to a full position. A great problem to have. Thanks for your advice over the years.

Q: How do you know when a sector is out of favour and it is time you should start a position?

Thanks

Q: I asked about oil stock companies on April
21.
Let me now ask about paper vs physical oil price. Many oil experts (like Eric Nutall) point to economies hitting a brick wall very shortly.

What is 5i take on it? Is this going to be our black swan event?

Q: I have a balanced position of financials in my portfolio. The banks have had a great run in the last number of years and many are now reaching higher P/E ratios, some at 15.

I continue to like banks but also feel that I should trim some of my position. What would be your view, is there a compelling reason to stay put and hold or would you trim?

Thanks
Tim

Q: Silly questions. Is there a methodology to holding cyclical stocks? By being "buy and hold" am I missing out profitable opportunities?

Q: Your top three thematic ETFs for overall return over the next 12-24 months please.
USD or CAD.
Please rank and please comment if any are particularly compelling.

Thank you

Q: Dear Peter et al:

First of all KUDOS to Chris for his appearance on BNN Bloomberg today. His voice was calm, measured and answers balanced.

A question for you. Slightly different from the usual. As everyone is talking about US Israel Iran war, the tariffs have taken a backseat! Trump Xi meeting has been postponed. Asia and many small countries in the world and European countries too have been affected by the current crisis involving oil price.

Surely they can't afford to pay the tariffs, can they? How is that going to play out ? They cut down their exports to the US? Is Global recession inevitable EVEN IF peace breaks out? Your fellow Sprott alumni, Rick Rule is fond of saying "Tariffs are taxes"! Isn't that the worst thing one can do during a recession?

My friends from South Asia and South East Asia tell me things pretty hard in their cities. Small businesses have already been shut down. This doesn't get much air time in North America.

Anyway, your take on this is welcome.

Q: watching chris today on market call and very good. he said he has done a study on the vix and i was just wondering for canadian paying large dividend stocks -where should the vix be to best suit the dividend stocks.

Q: Everyone, Have the fundamental concerns investors raise about stocks changed over time, or are they largely the same questions in different forms? Clayton