Investment Q&A

Q: From this list of companies could any be a take over target in the next five years using your crystall ball
No commentary is required
Merry Christmas

Q: As a general comment; I have noticed that you quite often end your answers to questions on commodity related stocks (especially energy) with ‘If sector exposure is desired’.

May you expand on this caveat? From what I gather, 5i is generally averse to the commodity sector. Are my assumptions correct ? Thank you for clarifying.

Q: I have a friend who has $20,000 to invest in a relatively safe group of stocks, hoping to gain about 8% a year; his plan is to leave the funds in for at least two years. He has no preexising stocks. Please recommend one or two groups of stocks for him to invest in.

Q: Good morning. Reviewing some of my holdings and thinking I don’t really need to hold these three. Down marginally on all 3. What’s your opinion?

Thanks Steve

Q: Hi again, just an addendum to my earlier question. This morning I read the Directors' letter to shareholders and decided I was not comfortable holding. Got out at $45.50, happy to avoid a future mess and move on.

Q: Individual portfolio considerations aside , which would be your choice between CCL.B and DOL for a long- term / permanent holding ?
Thanks.

Q: Hello, I am looking to enter a position into one of these two companies, I am leaning towards DOL. They have both been a consistent compounder since I started watching them over the years. Do you have a preference ? This would be a hold in my TFSA, (if that makes a difference)
Thanks.

Q: Could you give me 5 Growth Stocks for 5 years in Canada , USA and World that you would recommend today . RAK

Q: Could you list some Canadian + US stocks that you would consider "among the safest" , including in case of an economic slow down .thanks for your always excellent reports.

Q: If you have not already been asked, what do you think the chances are of the former CEO being reinstated? With large shareholders getting involved on both sides of the argument would you continue to hold or exit the position? Please provide the rationale, thank you.

Q: These all in my RESP, most of them under water except ATD and BAM. Please advise what should I buy to add 10k to it for 2 years hold. Also any thing need to be cleaned up in this list.
Thank you

Q: Hi Peter,
Banks and fund companies are pitching the sale of private assets like private equity, properties, infrastructure and private credits to retail investors, setting up funds for high net worth clients. What should retail investors watch out for when considering investing in such funds? Are there funds in this area that you will recommend for retail investors? Thanks.

Q: Hi 5i
I'm considering adding to NTR $76. Would appreciate your thoughts on when demand may pick up. Also BHP is going ahead with Jansen. Is it likely to weaken pricing/profitability for NTR?
Thanks, Greg

Q: Hi Team,
I am looking into taking a position (or two or three :) in one or all the following names that have pull back significantly from their all time high to get some exposure in the "agriculture" sector.

Q1- How would you rank these companies in term of stability and appreciation potential for a 3 to 5 years holding period.

Q2 Considering the fact that they are in the same sector, would you consider these companies as complementary or more as proxy to each other?

Thank you!

Michel

Q: I have a well diversified TFSA with 23 stocks. I usually hold for long term. Looking to add one more stock and I have short listed to AFN, NTR AND RCI.B. Would appreciate your ranking and brief why.

Also, 5i Research is my main source for decision on buy/sell. I use your resources on a daily basis. Thanks for the years of service.

Q: I've marked this question as private but if you feel the broader membership would possibly benefit from it - and more so, the answer, feel free to post it as a public question.

We have one kid who has just finished their first semester of university and a second one who is expected to enter their first year next September (2024). We have a decent sized family RESP consisting of 39% CASH.TO, 35% XWD, 14% HEQT, 7% XBAL, 3% KXS and 2% in cash.

I know portfolio weightings are personal but I'd like your take on maybe dialing back the potential risk of the current holdings, given both kids are/will be in university within the next nine months and the relatively short overall timeframe (4-5 years) the funds will be used in.

I came across an interesting article by Justin Bender on the Canadian Portfolio Manager Blog from Jan 2023, looking at an RESP "glide path strategy" based on the age of the kids that recommends by the time a kid started university that - to err on the side of safety and capital preservation - equity exposure should be 0%, with the RESP funds divided between short term bonds (ETF's) and cash equivalents (HISA ETF's) on a sliding scale of 75%/25% bonds/cash equiv year one of school, 67%/33% year 2, 50%/50% year 3 and 100% cash equivalents by the time they're starting their fourth year.

Can I get your opinion on this particular glide path strategy and if you agree with it or if you would do things differently? If you'd do things differently, what would you suggest as an alternative strategy?

Many thanks for your insight and perspective and all the best for a very Merry Christmas.

Q: Payer; Does RUS even come on the screen for an acquisition re todays Nippon /US a steel deal ? Thanks.
Rod

Q: I know you don't believe in timing the market but after the last few years i've ended up with a fair bit of cash on sidelines, yielding around 5%.
Post pivot i'm now thinking about when/how to deploy. Assuming interest rates have peaked and we start seeing cuts in 2024 i expect cash yields to start decreasing as well.
So if you wanted to "broadly" deploy your cash reserves throughout 2024 how would you proceed? Thinking some mix of SPY, RSP, EMV (much smaller allocation) as I have retained most of my high convinction Canadian stocks.
Dollar Cost Average monthly or quarterly
Wait for next broad pullback, we know it's coming just not sure when. Can still get a nice cash yield while waiting.

Q: AC,BTE,BCE,BIR,CJ,CP,CVE,CPG,EIF,FRU,GEI,NVEI,OLA,PD,
US STOCKS DIS,FOXF,INMD,ICLN,OPRA,PDF.
Please also advise if any of these don't need to sell.(TAX REASON)
Highly appreciate your opinion.

Q: Am I to assume that if Empire’s sales rose 2% for the year and with inflation, say at 4% , that their actual volume of sales really declined ?
Thanks. Derek.