Investment Q&A

Q: At the beginning of each year I like to invest in my tfsa first as I feel its the best investment vehicle I have. But my portfolio is very Canada heavy due to some selling at the end of the year. So I have a bit of dilemma in that I have funded my tfsa but the stocks I'd like to buy are american for diversification reasons. I do have a few Canadian stocks I'd like to buy but it will only add to my lack of geographic diversification. But I know my tfsa is not the best location for US stocks from a tax efficiency point of view. So my question is, what do you think is more important? Adding geographic diversification right away (buy a US stock in my tfsa) or the tax efficiency of my portfolio (Buy Canadian Growth and buy US later in the year).

Q: I will be investing $20000 into my TFSA. What stocks or ETFS would you suggest investing in and how what % of holdings would you allocate in each investment?

Q: My son starting his TFSA, and has 5K to invest. What would you suggest?

Q: I recall in an answer it best to hold Magna outside of a TFSA because of the consumer cyclical nature of the business. Do I have this right?!
While I think of goeasy as financial, it is classified as consumer cyclical. Should this be held in a trading account rather than a TFSA?

Q: My 20 year old contributed $21k to his TFSA in July, purchasing roughly equal amounts of KXS, PHO, SIS, TOY and PUR. He just sold his PUR shares and now has about 26% of his now $27.6k portfolio in cash. KXS represents about 14% of his portfolio (down approx. 8% from July), PHO 20%/+33%; SIS 17%/+14% and TOY 23%/+43%. Are there one or two names you could suggest to add to his portfolio? Or would he better off maybe topping up a couple of his current holdings (KXS? SIS?). This is for a long term hold. Love your service. Thanks.

Q: I am an Alberta resident and in a low (15% federal rate) tax bracket and have the option of placing my $US investments in my TFSA or a regular investment account. Recognizing the 15% US withholding tax but also the foreign tax credit against Cdn tax owed, which account is preferable from a current income perspective?

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