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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: Could you please list about five or so of your favorite US growth stocks for an RRSP. Currently have no US exposure and ok with a 3-5 year hold. Thanks for your great work!
Read Answer Asked by Ray on November 23, 2020
Q: After reading a previous question about Bam.a and which account to place it. You suggested TFSA or non-registered where it is a growth name. I’m wondering of the 3 accounts I have regular cash (non-registered), TFSA, RRSP. What types of stocks does your team suggest should go into which account generally?
I was under assumption that a non-registered taxable account would be a good place for High Div stocks, not growth stories. There by eligible dividends be tax free and low capital gains to be actually taxed. Or is growth stocks good for there too because of claiming any possible losses?
Thank you for your clarification
Read Answer Asked by Allen on September 01, 2020
Q: Hello 5i team,
Thank you for your help today- what I’m hoping to get some perspective on is tactics one could do to grow a portfolio- what you’d think wise or stupid, please.
In TFSA, two holdings happen to be up: AQN by 35% and NPI by 21%. Everything else is in the minus by -30 to -35% due to the current situation as generally they’re ok businesses, like two banks, phone co, etc.
Tactically, would it be an idea to sell the two that are up, and buy a few which are quite down now, then in due course replace what was sold?
I was thinking of more banks like BNS or BMO, and PPL, CNQ,SU, and KEY.
The idea being that the gains over time would be more than the growth in price of the two being sold, thus netting an overalL growth in funds.

In RRSP, two are close to break even, just a couple hundred dollars each in the red, namely T and NA.
If sold, I was thinking of BIP, BPY, and maybe SU, CNQ, and BMO- fairly similar to the TFSA idea.

I like dividends, I know SU just reduced; I’ve not heard if these others have/plan to. I think I’m fine with a 3-5yr estimation of recovery period for these ‘down’ stocks, if you think that’s likely.

I’d appreciate your counsel on this, thanks very much!
Read Answer Asked by Hilary on May 13, 2020
Q: Hi Peter, Ryan and team,

How would you rank BYD, PBH, QSR and DSG for an add on in a RESP? Time frame is 8 years. Would rankings change within a TFSA?

Is it possible to buy stocks for a child who is under 18? Or would the child have to wait until 19 to own stocks.?

Please charge however among of credit for the questions.

Thanks again for your your great service!

Marvin
Read Answer Asked by Marvin on April 24, 2020
Q: Similar to the question that the gentleman Guy asked from April 8th, is it the same for an RRSP to transfer in kind to a TFSA? Is it allowed?
Read Answer Asked by Frank on April 09, 2020
Q: If things get real ugly, do we need to worry about cash being held within RRSP with an investment dealer? What type of insurance is typically on these funds? Is it better to have cash with a bank?
Read Answer Asked by Duayne on March 18, 2020
Q: My son's company offers a matching contribution of 2.5% into either an rrsp or tfsa. His current salary is approximately 65000. The company already has a defined benefit plan which is tax deductible. Should he choose a rrsp or tfsa? He has 30 years before he can retire. What do you think would be an appropriate plan of action?
Read Answer Asked by steven on February 14, 2020
Q: Another solution for Kyle is to give trading authority on that account to a Canadian resident before leaving the country. The Canadian can then place orders via telephone still at a discount rate. That is the practice at one major brokerage; I have found that practices and rules can vary widely even among major brokerages.
Read Answer Asked by Peter on February 11, 2020
Q: Not sure if this question is in your bailiwick but here goes. I turned 71 last year and converted my 2 RRSPs to RIFs in October. I now have to make at least minimum withdrawals starting this year. I know how to handle my first (Canadian $) RIF - 5.28% of its Dec 31 2019 value. I cannot however find any information about minimum withdrawal calculation for my second (U.S. $) RIF. For example, what US $ to Can $ conversion rates do I use ?Can you help ?
Read Answer Asked by Kevin on January 28, 2020
Q: Could you please explain where the best place for a global or US mutual fund or etf is to be held and why?
Thanks
Read Answer Asked by Gregory on January 24, 2020
Q: Hi There

I'm needing to add some international exposure (outside NA) to my portfolio and am also under weighted on Financials, Healthcare and Industrials. I'm 38 so growth is the focus in portfolio. Can you recommend 5 top options to fit this mix - ETFs or individual stocks. Some will live in RRSP, some unregistered if that makes a difference in suggestions.
Read Answer Asked by Ryan on January 22, 2020
Q: From a tax perspective, does it make a difference where I hold XUU? I'd like to put it in a non-registered account but I'm wondering whether there is a tax benefit to put it in my RSP.

Thanks,
Read Answer Asked by Robert on January 20, 2020
Q: Goodmorning
My wife will be making a contribution to her rrsp this year before it will be turned into a RIFF. She has bam.a in her TFSA would you recommend transferring in kind Bam.a or cash which she also has available in her TFSA and keeping Bam.a in the TFSA?
THKS
Marce
Read Answer Asked by Marcel on November 18, 2019
Q: My wife sold three longtime holdings in her RSP to free up some cash for future promising purchases. The next day she purchased the same stocks from her cash balance in her TFSA. Are there any particular implications to doing this that she should be aware of, other than usual portfolio diversity and weightings.
Read Answer Asked by John on August 15, 2019
Q: I am 71 yrs of age and must put my rrsp into riff this calendar year am I still able to make a contribution to my rrsp for the tax deduction
Thks
M
Read Answer Asked by Marcel on July 30, 2019
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