Investment Q&A

Q: I have all three currently in a taxable account and about to transfer something into a TFSA. Would you have any preference over these three great companies at the moment for that?
thanks

Q: Hi, I would like to add one more security to my TFSA account and I already have the following KXS, SHOP, REAL, GSY, LSPD, WELL (thank you!). Can you please suggest one more name (either US or Canada) without worrying about sector or risk. I have other securities in RRSP.

Q: Question regarding investing in a US dollar TFSA. Are returns taxable in any way? And if so are these deduction at source before generating into the tfsa? If there are consequences, what is best inside the US tfsa, dividends or capital gains. Deduct as needed

Q: Re (Arthur Q from 9 Feb 21): "Am replenishing my wife's empty TFSA with CAD.76,000 from home loan 2.95% p/a variable".

I might add that the cost to borrow $ is not tax deductible if the money is invested inside a TFSA.
SP

Q: Isn't Sandy about to exceed the cumulative total TFSA limit?

Q: Hi: My daughter is self employed and puts excess profits into her TFSA, to pay herself forward. In other words she pays herself so much per month. As another big commission cheque arrives she puts that toward her future monthly income, so that no matter what happens, ie slow sales, then she is prepaying herself into the future. She has accumulated over 50K now with the $$ just sitting in a very low interest savings account and not making much in interest.
Do you have any suggestions towards putting this into a low risk ETF or Blue Chip Stock or other suggestions? If so, what percentage in each? A portion could also go into a slightly higher interest fund. Any other suggestions you might have would be greatly appreciated.
Thanks. Ken ...

Q: I have approx. $90,000 to deploy into my husband’s TFSA. He is 66 and has not been taking advantage of the benefits of a TFSA. Can you please advise me of 12 stocks, and the weighting for each one, that you would highly recommend to get us off to a good start and continue to grow his TFSA. I’m ok with sensible risk. Thank you so much!!

Q: Hi team, I need to move some shares in-kind from a registered account to my TFSA, in which order would you move the above into the TFSA. Which ones have the greatest growth potential over the next 5 years. I have quite large capital gains in all of these stocks so I am trying to minimize capital gains as I transition these stocks over time into my TFSA
Thanks

Q: I transferred TFSA $25,000 Canadian to my US TFSA which I had never used. I received about $19,000 US. In my Canadian activity account it says transferred out $25,000. Do you know if we can transfer in and out between accounts as many times as we want and it is not considered
a withdrawal. You can’t get through to the CRA
ever so I am wondering if your team knows the answer. Thank you.

Q: Hi,
If I wanted to sell all of the holdings I have in my TFSA - would I be able to reinvest the accumulated amount available again at a later date.- I believe it is $ 75500.00 up to 2021. I have not invested using the 2021 amount yet - if that matters.
If you could give me an overall review of it or even a reference link - it would be much appreciated.
Thanks

Q: Due in no small part to the advice received from 5i, I find myself in the enviable position of having capital to deploy freely. For a TFSA, what would be 5 of your top growth picks today?
Thanks for all you do.

Q: I have held RCI.B in my TFSA for some time. There has been no growth but a small dividend. Should it be sold to make room for some growth in my TFSA or be patient? If your recommend sell RCI.B, please suggest a couple of high growth replacements. Would MG be a suitable replacement?

Q: Hi
I am up 122% with WELL (thank you), in my TFSA.
Thinking of selling half and leaving me with free shares and investing the cash into TOPICUS.
Make sense?
Thank you.
Mike

Q: Am setting up my TFSA ( 3% of total cash and RRSP portfolios ) along the lines of your growth portfolio. Which would be your 4 initial stocks, in order of preference? Thanks Derek

Q: Hi, just about to start investing in the market with my TFSA, Reading as much as I can. What 5-10 stocks would you suggest to Start my portfolio, looking for Growth and or Dividends. Thanks Shane

Q: I am looking to rebalance my non-registered portfolio, which will mean taking capital gains and transfer to my TFSA. Today, my position is about equal in RY, BMO and CNR.
I would like to reinvest the cash from these capital gains in Tech and Health sectors from 5i's balanced portfolio. I do not have either sector in my TFSA today.
Which of the 3 non-registered stocks would you suggest selling?
What would you recommend buying for TFSA?

Q: Hi 5i,
We have an opening in our TFSA for a growth stock. If you were to choose a stock today for 2021 which stock would you select in the US or CDN market? If we have it we will add to it, if not, we will purchase the stock.

Thank you in advance for your reply.

Cheers,
Debbie and Jerry

Q: Hi Peter and Team,
I am constructing $40K TFSA account. My time horizon is for 5+ years holding. Can you suggest diversified ETFs and Stocks (US and Canadian) that are a good buy at this time and a have potential to grow in the future.
Thanks,

Q: Andrew on Jan. 19 asked about over the counter stocks in a TFSA. I recently did this calling iTrade (1 1/2 hour wait time) about IFC being moved to the US side - IFCZ - otc (same company) and the broker said since it is a Canadian stock I could hold it in a TFSA and it would fine -- which I did do. Shortly will sell it and acquire US cash.

Q: Thanks 5i Team - what an excellent service!! May I have your comments on my TFSA strategy and an ETF recommendation. My TFSA is almost fully funded and divided into 3 notional "buckets". Roughly 1/3 is comprised of growth securities, selected from the 5i Growth Portfolio, with my current positions being KXS, XBC, WELL and LSPD; Roughly 1/3 is comprised of about 10 Canadian "dividend growers", about half of which are among the 5i Balanced Equity or Income Portfolios such as ENB, EIF, PBH, BIP.UN and BEP.UN and the other half well known blue-chips like T, CNR, CNQ and RY; and the final 1/3 is a single, conservative diversified ETF, currently Vanguard Conservative Portfolio VCNS, which I refer to as the "anchor". I prefer to limit the total number of securities to no more than about 20 (I am a few short of that right now) so I can adequately manage things, and I add to VCNS while awaiting opportunities to purchase positions in the other securities I own, or to sell from if cash is needed so I can continue to hold the individual growth and dividend securities. I am looking for reasonable growth in my TFSA over a 5-10 year period, and I can tolerate some risk but prefer to avoid excessive volatility or risk. My questions are: (1) are these 3 roughly 1/3 buckets a sensible approach for reasonable growth over a 5-10 year horizon or would you recommend different weightings or approaches, (2) could you recommend 1 other diversified ETF that I might consider for the "anchor" portion, and (3) could you recommend 2-3 other securities for the growth portion, to add a bit more diversification. Thanks very much.