skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Recently trimmed NVDA to bring position weight back in line. For US, any sector, what are a few top picks for a TFSA? And then how would IJT compare for growth potential and risk?

Thanks.

Read Answer Asked by Marilou on May 08, 2023

Q: Iíve read recently that older seniors overestimate their financial acumen, so I wanted to ask if you think the plan that I think is sensible, is. My thought was to move non dividend paying stocks from my TFSA to my NR., thus making room for the transfer of dividend paying stocks from my NR account to my TFSA where they would produce tax free dividends. Is that a reasonable approach for someone beyond the accumulation stage of investment? Iím wondering if thereís something Iíve failed to consider in this. Thanks as always.

Read Answer Asked by M.S. on April 21, 2023

Q: Hello Peter,

I have shortlisted 5 stocks for a new position in TFSA of my wife and mine. I am thinking of 3 full positions or I could divide amongst 4. Could you help me eliminate one from my list and would appreciate if you could rank the other 4 in order of our preference - best first?
Thank you for your help.
Regards
Rajiv

Read Answer Asked by Rajiv on April 17, 2023

Q: Is there any reason why I cannot make a contribution directly into my granddaughter's TFSA account? Thanks

Read Answer Asked by george on March 28, 2023

Q: Hi Peter, Ryan, and Team,

Recently a member (Reg) asked:

Q: I am a holder of CSU inside my TFSA - as such I have received shares of Lumine - realizing you are not tax experts are these Lumine shares allowed to be held inside my TFSA.
My advisor thinks they might not be - TBD. If they are not allowed they need to be removed - would that count as a withdrawal in the eyes of the CRA?
Thanks

Perhaps Reg was asking about the "new" shares of LMN that he received, given that he had already made his maximum contribution to this year's TFSA.

What action should be taken in such a case, to keep the CRA happy?

Thanks as always for your insight.

Read Answer Asked by Jerry on March 27, 2023

Q: Regarding Mark's question today about his trading in the TFSA. I am with BMO Investorline, I sold a stock and was going to use the funds to buy a GIC. I was notified by Investorline that the funds from the sale would be available in 2 days when the sale transaction would be fully completed. Made sense to me.

Read Answer Asked by William James (Jim) on March 23, 2023

Q: I had an interest charge of $13 on my TFSA statement (investorsedge CIBC). Because I sold and bought on the same day - they agreed to wave it but told me I had to wait 2 days now on my TFSA after selling to access the cash.
Comments, thoughts? Anyone else have similar or different experiences?

Read Answer Asked by Mark on March 22, 2023

Q: If you were setting up a TFSA with CAD equities only, what five stocks do you recommend ranked by order you would purchase. If you could give a brief reason as to why you recommended each equity, that would be appreciated.

Read Answer Asked by David on March 07, 2023

Q: Would you please comment on ABNB's latest results.

At this point in time what would be the buyer vs. the seller's thesis on the stock? Just things to consider, watch out for both positive and negative, etc going forward.

Thank you very much.


(PS. Please feel free to donate 50 of my question credits to anyone who would like some.)

Read Answer Asked by Sandra on February 16, 2023

Q: Please, advice me which stocks are the best for this year for reinvesting position on tfsa acc, 20,000 $ ?
Or may be some others?
Thank you

Read Answer Asked by dilan on February 13, 2023

Q: Hi,
I am pretty confident that I am correct! But wanted to make sure.

I need to help our adult "child" to buy a place. (Bidding wars have disappeard and some sense of normalcy has returned. Prices are still at least 10% higher than normal I would say!)

If I take 10,000 out of my TFSA, on January 01 2024, I can put in 10,000+6500=16500. Correct? Assuming in 2024 TFSA contribution remains at 6500.

Correct me if I am wrong.

Mano.

Read Answer Asked by Savalai on February 13, 2023

Q: I have space for 3 growth stocks in my TFSA. Looking at various sources, I found the above suggestions. Ideally, I am looking at 15-20% or more of annual earnings growth for the foreseeable future. How would you rank the above stocks, without regard for sectors, with a short explanation for the top 3. Also, any other suggestions? Thanks.

Read Answer Asked by Martin on February 06, 2023

Q: Hi Peter/Ryan when transferring shares from a Margin account to a TFSA is it better to make a transfer in kind or to sell in the margin account and take the cash to buy in the TFSA. In my case there is a gain in the stock in the margin account. Thanks, Nick

Read Answer Asked by Nick on January 31, 2023

Q: Good day all!
We currently have the above stocks on the tech side of our registered and non-registered portfolios. Looking to bring our portfolio in balance with recommended weights.
Can you please suggest 2 new stocks each for non registered and TFSA account that are good buys now. Dividends welcomed but not necessary.

Thank you

Roger

Read Answer Asked by Roger on January 26, 2023

Q: Where to hold Bonds? As I am winding down my income producing years and shifting to drawing down my savings I am wondering where I should hold bonds. We currently hold no fixed income as we will get a pension from my wife's work when she retires( so historically considered that out fixed income). Bonds haven't really been on my radar with rates so low the past 10+ years but things are changing both in terms or yield and my investment needs. I have 4 options to stash some bonds TFSA, RSP, unregistered and within my Inc. I more or less have things in the right place currently with growth in TFSA, US in RRSP and CAD in unregistered accounts. My plan was to sell some USD large caps once the steam runs out of the current rally and buys some high grade corporate bonds, in or around 10-15% of my portfolio. A bit of the old traders strategy of sell in may and walk away...

So to circle back, the easiest place to do it would be in my RRSP, but some of the reading I have done has suggested I do it in my TFSA as I can get the yield out of the TFSA tax free account at any time instead of locking it in the more restricted RRSP accounts. Shifting the TFSA from growth to income also seems like an appropriate move at this stage nearing retirement ( me semi-retired, my wife in 4 years or less). The 3rd option I am considering is doing it in my INC and using the yield to " pay the bills" so to speak of keeping the Inc cash flow positive as my earning drop with me working less.

Read Answer Asked by Tom on January 20, 2023

Q: What are your top 5 Canadian growth small cap picks for a TFSA? and why (what makes each of them worthy)?

Read Answer Asked by on January 17, 2023