Investment Q&A

Q: If I own a stock outside of my TFSA and then buy the same amount of this stock inside my TFSA for twice the price is my adjusted cost base equalized between the two holdings?
IE 1 share = $1 outside TFSA
1 share = $2 inside TFSA

Is my cost base now $1.50 on 2 shares?

TIA

Q: Does the 30 day trading rule apply inside the TFSA's?
Thank you.
Ron

Q: when buying stocks you recommend depending on the stock up to a 5% weight based on total portfolio. My question is that since you are limited to how much you can put into a TFSA that a 3-5% of the total may be up to 30- 40% of the TFSA account,you could do very well or lose quite a bit in your TFSA depending on how the stock does.So should there a percentage difference when investing inside the TFSA especially if investing in some growth names that you have provided.

Q: Good morning Peter and Team,

In my TFSA, I recently sold GS as I was able to take some profits thanks to the dividends, but was getting frustrated with the almost daily declines. As a result, I now have 22% cash.

I have the following:
24.4% Consumer Cyclical: DHX.B; XTC
10.3% Financial: CXI; CEW*
21.2% Industrials: ECI
11.7% Technology: DSG
10.4% Utilities: AQN
22% Cash

*CEW is a small holding of 2.6%. My iTrade account permits some ETF's to be purchased commission-free, so I use it when some non-dripped dividends are paid.

In an otherwise balanced portfolio, how would you deploy the cash? I was thinking about adding Kinaxis KXS, but would using all the cash make Technology too large a weighting? Or do you have some other ideas?

As always, I really appreciate your advice and insight.

Q: i am a novice investor an am wondering if you can sell a stock inside a tfsa and claim a loss on your tax return thanks

Q: Apologies if this is a duplicate. I don't see it in the 'asked by me' section.

I'm considering liquidating my taxable account which holds blue-chip canadian dividend payers (BNS, MG, T, WSP, ENBD) to use for a home down payment. Thinking I could always buy them eventually...

In the meantime that leaves me with a TFSA containing (XAW 30%, CSU 7.5%, and BOS,ATD.b,CXR,CXI,IT,KXS,MDA,SIS,SJ)I'm a young investor with a long time frame and feel comfortable with these names for the most part. But am I left underdiversified? Would you change anything? That would mean swapping stocks for others for now rather than adding with new money. Cheers

Q: Question:I am repeating my question of yesterday and am intrigued as to your answer if you do NOT take the more conservative approach. "We have a sizable GIC coming due next week with considerable room in our TFSAs. Please provide 4 or 5 of your best growth suggestions. Much appreciated as usual."
RAM

Q: We have a sizable GIC coming due next week with considerable room in our TFSAs. Please provide 4 or 5 of your best growth suggestions. Much appreciated as usual.
RAM

Q: I recently took my remaining profit from AYA (for a total return of 170% - thanks 5i!) and am looking to reinvest that money in my TFSA.

I currently own BNS, CGX, CSU, ENB, STN and T and was wondering if you had any favourites you would add to this mix.

Q: Hello Peter!

I am getting ready to make my 2016 TFSA contribution.So far I had only contributed in CAD dollars and I hold in my TFSA only Canadian stocks.
For 2016 I have room for contibution in my TFSA for $10000.00 CAD.
I have in my US margin account $35000.00 USD ,my question is: can I use my margin USD to make contribution to my TFSA in USD for futer purchase of US stocks and how do I calculate amount to be contributed in USD to cover my limit($10000.00 CAD) for 2016 TFSA.

Andrew

Q: Could you mention 5 stocks you would put in the TSFA right now.
As number 1 being the top recomendation

Q: Regarding your previous answer to someone regarding holding US dollars in TFSA. I have been thinking of selling US options in the TSFA, in order to get tax free US dollars. I have done very well in CSU and need to trim it back and have been thinking that I would try selling US options on the returns. Do you see any probelems with that strategy?
thanks

Q: I notice that you sometimes suggest/recommend that subscribers or their young dependents purchase U.S. $ denominated stocks in their TFSAs. I would love to but I don't. The reason -- taxes. Both in the short term and with age ( I am almost 80) am learning the hard way the implications of the T-1135 and the joy of U.S. estate taxes. If I had the chance for a do over, I would put as much of my U.S. equity holdings in my RRSP as possible and later convert to a RIF. Start using the TFSA for a some Canadian dividend grower. Publish if you wish. Thanks for all you do. Bill

Q: Hello 5i,
My daughter turns 18 next month and we will open a TFSA in her name. Please offer a strategy for us to consider. Her timeline is very long-term, and the focus is growth. Maybe a mix of low-cost ETF's and a few stocks; and a stock like AAPL that appeals to the younger generation and will keep her interested in following the markets and economy. THX.

Q: I still own this stock even after your downgrade. Can you comment on their latest financials, does not look good to me. Do I continue to hold or cut my losses. Unfortunately it is in my TFSA which is why I have been holding on. I hate to loss my in this type of account.

Q: I have $ 5500 in cash in my TFSA. I currently hold AW-UN plus GIC's in my TFSA. What would you suggest for the $ 5500 in cash, I may need the money in 6 years.

Shirley

Q: Looking to fill a new TFSA for a grandson & thought these 2 might fit the bill. Good dividends & reasonable growth prospects. Your advise - please. Thank you.

Q: I currently own Concordia in my TFSA in USD. I'm down 30%. I was thinking about selling and buying Starbucks and then buying Concordia in Cdn dollars with 2016's contributions. I need some Restaurant exposure. Do I have to wait to buy Concordia in the Canadian dollar account? Can I get your thoughts on this strategy?

Q: Good morning - I have Currency Exchange and DHX as part of my Tfsa. Are these still names that you would recommend for Tfsa, or are there others that you think are better. Thanks.

Q: Good Morning, I'm working at rebalancing our TFSA's. I've sold BIN and with this years money have enough cash for 4 or 5 new positions. I'm at around 16% info tech, 33% industrial, 6% finance, 6% energy, 14% consumer disc., 9% health care and 14% real estate. You can see I'm completely missing some sectors that I assume offer less growth. Would you recommend I add some telecom, utilities or materials in my TFSA's? considering I hold some of those in other investments? If not, how much would you add to each of the other sectors? and which would be your top two choices in each? Thanks for the great service. Rod