Investment Q&A

Q: Hi Peter & team,

Over the years I have been focused on paying off my mortgage and putting the majority of any savings I have into my RRSP account and contributing into my child's RESP account. As a result, the RRSP account has over 80% of the savings that I have accumulated to this point while my TFSA and non-registered accounts total the remaining 20%. I finally have paid off my mortgage and I was wondering whether I should now be focusing on putting most of my money into the TFSA and non-registered accounts, so that the ratio between the RRSP/TFSA/non-registered accounts become more balanced? Is there such thing as a good balance between the 3 types of accounts?

Thanks for the wonderful work and all the insightful answers you provide.

Marvin

Q: My Daughter will be contributing to her TFSA this year (Value of about 50K).
What 5 stocks would you suggest for someone starting out who has many years to contribute and watch the account grow?
Thanks

Q: If I purchase 100 shares of stock A in either my TFSA or my wife's margin a/c and a few days later sell 100 shares of stock A at a loss in my margin a/c will the loss be acceptable to the CRA?

Q: Hello Peter & team, does one know what the TFSA 2018 contribution limit will be? Regards, Gervais

Q: As a follow up to my earlier question about investing in ETFs focused on Russia, would RXS or RSXJ be suitable for TFSA or Non Registered accounts?

Q: Hello, One of kids just turned 18 and I would like to start a TFSA. What would you recommend to invest in as a long term goal so that they can also learn about investing. The money will not be required for next 5 years at least
Thanks
Ravi

Q: Have some money top up my TFSA account $40000. What 5 companies would you recommend to start portfolio. And when would you purchase considering tax loss selling etc.

Q: Just want to confirm there is no capital gain tax for US stocks in TFSA?
Thank you!

Q: What are your thoughts on ZQQ going into 2018? Would this be a good holding in a TFSA (3% weighting)? Thank you

Q: If someone was looking to add to a TFSA account, what would be your best 5 ideas to invest in.


Thanks Valter

Q: My daughter wants to start a TSFA with $5000.00. This will be a long term investment with nothing else added for at least a year or two. She is 24. Would you recommend a couple of stocks or would etf's be the way to go? Which stocks or Etf's would you suggest? Thank you.

Q: Can I get your top 3 growth stocks for a TFSA? Long term time horizon. Already heavy on energy.

Q: I have the following stocks in my TFSA: AQN, BTD.UN, CSH.UN, CGX, ENF, FC, FTS, MFC, MRG.UN, RY, SJR.B, STN, TF. I use my TFSA for income could you list them in order with the best first and also suggest what ones I should sell and a few suggestions to add. Thanks

Q: Do you have a small cap replacement suggestion for DRT in a TFSA ? Thank you

Q: I own GSY in both my RESP and TFSA accounts, somewhat by mistake. I'd like to switch one of the two to ECN for diversification. Would you consider ECN (larger, seems less volatile) as the best fit for RESP and GSY for TFSA? Or the other way around?

Q: ARE DIV. & CAP GAINS NOT TAXED ON BOTH THESE ACTS
TNXS

Q: Peter and team:
I read a question from someone this morning about a TFSA for their 18 yr. old daughter. I had just been thinking about this prior to turning on the computer. I too am in the same position. I had been thinking RRSP. Which vehicle (RRSP vs. TFSA) do you feel is best for a young investor to start with? Also, for an RRSP, what would you think of a low MER high quality Mutual Fund such as MAW 104.

Thanks as always for a great service.

Phil

Q: My daughter just turned 18 and we plan on opening up a TFSA starting with $2,000 and monthly investment of $200. What would you recommend ETF, Mutual Fund of stock? Thanks

Q: I am approaching my TFSA contribution limit and have opened a cash account. I'd appreciate your advice on how I should allocate stocks between the two accounts.

Currently my account consists primarily of micro/small/mid cap growth stocks and high dividend stocks. I am planning on adding some high dividend etfs.
I'd like to separate high growth stocks from dividend stocks/etfs.

My initial thought is to use my TFSA as a tax free income generator with the dividend stocks/etfs. As these stocks produce somewhat guaranteed gains I will definitely be utilizing the tax free incentive of the account.

While having my riskier growth stocks in a cash account where I am more likely to incur loses and can take advantage of tax loss rules. Also, if Im lucky enough to have a multi bagged I hope I wouldn't be too upset paying a bit of tax on the gain.

Does that make sense? Would you suggest otherwise and if so why?

Thanks

Q: My TFSA is worth about 26000. I do not need the money and have a long time horizon - say twenty years. I intend to maximize the annual contribution limit. Currently I have roughly equal positions in ZLU, VMO, VVL, and VGG. Plus a smaller position in CBL, which has tanked, but pays a dividend.
What do you recommend for a TFSA makeover, if any, in this case?