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Investment Q&A

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

Q: A member asked about transferring a stock held at a loss to his/her TFSA. As you point out, one could sell the stock and wait 30 days before re-acquiring it (that is, inside the TFSA.) Aternatively, one could purchase it inside the TFSA, then wait 30 days before selling the losing position. Of course, this ties up more funds - but under the right circumstances (including sector allocations) might be preferable to giving-up exposure altogether. After all, if the stock continues to decline, then the claimable loss is greater. Perhaps the more pertinent question is whether one believes in the stock strongly enough to hold on to it, in spite of the possibility of unclaimable losses (that is, on the position held inside the TFSA.)
Read Answer Asked by John on March 30, 2015
Q: Dear 5i; I was reading through the TFSA questions and the one asked by M S on July 17, 2014 got me thinking about transfers-in-kind and taxation. So firstly, I wouldn't necessarily want to transfer a "gainer" because of the capital gains tax payable. On the other hand, it seems to me that transferring a stock that is currently under-water could be advantageous. This would of course be a stock that I intend to keep because I expect it to recover, so therefore the inability to claim a capital loss is a moot issue. The advantage would be that for a given amount of contribution room, I would be able to transfer a larger number of shares into my TFSA than if the stock were at or above my ACB.

Do you think this is a sound strategy, or are there other considerations that I am missing?
Read Answer Asked by chris on March 29, 2015
Q: Hi Peter and Team,
If a person was opening a TFSA with $5000, future additions of $200 biweekly and had no other holdings, what would be your recomendation. Low fee mutual funds, ETF's?? Canada only or something with international exposure? Thanks
Read Answer Asked by Lavern on March 26, 2015
Q: Good day Peter, Ryan and gang. I have a friend who may be joining 5i quite soon, who has just come into her inheritance and she is going to start with her first TFSA. She will probably want to buy slowly as she learns. I offered to suggest a bit to get her started on her journey. She is 60 and a newbie to any type of investing. I am thinking of growth with a bit of dividend (or visa versa or both) Canadian ETF(s). And maybe a few stable good dividend stocks to start learning about. She plans to hold and let them grow (hopefully) while she learns. I much appreciate your help with this. Thank you as always. You are the best and I boast about you a lot.
Read Answer Asked by El-ann on March 24, 2015
Q: Hi Peter and team. I have opened a $35,000 TFSA for my daughter and would like your recommendations for 4 to 5 names for income and growth.
Thank you,
Nick
Read Answer Asked by Nick on March 24, 2015
Q: Hi 5i team,

I am looking to invest 20K in my girlfriend’s newly opened TFSA. This would be her only investments at this time. I’d like to purchase some securities where the dividend would be above 3% and still have potential for some growth. For now some medium to low risk names for a 2-5 year hold (maybe longer if the money is not needed).
How many securities would you suggest I purchase to be somewhat diversified?
Which ones should I start with and the weight you would recommend?
Or would you recommend to have equal weighing on the suggested names?

Thanks again for the great service you guys provide.
Read Answer Asked by Marco on March 19, 2015
Q: Hi Peter,

Saturday's Seminar was very educational. I've learnt a lot.

How would you advise a young person to invest in his TFSA with only $10000? How should one diversify?

Thank you as always.

Connie
Read Answer Asked by CONNIE on March 03, 2015
Q: Good morning. I would like some help with my TFSA. At present I have CIX (+5%), FTT (-15%), and VET (-26%) and cash. Total value is 30K with 12500 in cash.
After reading through your TFSA questions I am tempted to sell all holdings and buy new holdings. (ie time to let the losers go and place money into your recomended stocks with good growth potential)
I am 53 year old with a non registered acct holding blue chips and your model portfolio.
Your help is greatly appreciated.
Read Answer Asked by Anna on March 02, 2015
Q: With your help my TSFA has grown from a hobby to something a little more serious . Thankyou. I have had ESL and DH for a year and a half, DSG for 2 yrs.GIB.A for 5 mo. Also in TFSA
are MFC TD CXI WCP. The 4 tech stocks now make 55 percent
of this. Every time I think of trimming back (probably ESL )
they keep going up. What do you think ? If I sold anything I
don"t know what I would buy anyway. Have XTC ZUH ZLB and BIN
in my RRSP.
Thanks again for your time .Without your help I probably
wouldn,t worry about this stock market business.

Larry
Read Answer Asked by Larry on March 02, 2015
Q: tfsa I have approx $12,000 to be put to work- right now I have some rsi 1,100 shares and 35 ffh. A couple of suggestions would be appreciated. I am 60 years of age and in no need of the money.
Read Answer Asked by Warren on February 26, 2015
Q: Hi - we're about to add a second child to our family RESP, and have the following etf holdings:

ZDI (21%)
ZPR (21%)
ZWH (25%)
XEI (33%)

Any advice on this mix, and the weightings before making my 2015 contributions?

Many thanks.
Read Answer Asked by Yasin on February 25, 2015
Q: Hi Peter and Team
I am 64 years old,retired for 8 years have comfortable company pension, dept free,own my own home, and have 500 k split between RSP and investment self directed accounts in North American equities. My tsfa needs some help. Can you recommend what stocks to sell and and new stocks to buy and weightings of each stock. Current value of tsfa is 66k. Current stocks held and weightings are as follows. PPG us.25%, IPL cad 20% , LNR 13%, WTE 13%, tog 13%, DH 7%, OTC 6% AGU 5%,MRE 4% XTC 3%, WEQ 1%.
Have been a member for 2 weeks and have found your site very helpful.
Thanks
Marc
Read Answer Asked by Marc on February 25, 2015
Q: IF The only investing account you have is a TSFA, do you recommend that they still try invest in stocks across the 10 sectors or certain sectors for a TFSA? In the TFSA currently do have some energy,health,industrial and material stocks. I am wondering if Telus and CXI would be good addition to the TFSA or better to go with a technology stock? If a technology stock which one would you recommend?

Thanks
Dolores
Read Answer Asked on February 25, 2015
Q: Hello Peter & Co,
I'm 72 years old and view the TFSA as a regular savings account. About half is invested in short-term notes that are cashable at the snap of the fingers; as for the other half, I'm seeking to invest in slow and steady companies (some growth/some yield) in a business with some kind of a "moat" around it. Could you give me a few names that fit the bill? Would KBRO Linen & Morneau Sheppell fit into that category?
Thanks
Antoine
Read Answer Asked by Antoine on February 24, 2015
Q: Regarding the question on retirement planning software,

I use RRIFMETIC (http://www.fimetrics.com/)to plan my annual
income and taxes from pension , RRIF, LIF TFSA, Taxable investments.
Read Answer Asked by Leonard on February 24, 2015
Q: Can you recommend a U.S. divided paying stock(s) for my TFSA account
Thanks
Read Answer Asked by DAN on February 24, 2015
Q: Hi - I'm just starting to invest actively at age 45 with a 15 yr timeline. I have 25k cash in a self directed rrsp and 8k cash in a tfsa. I want to keep long term growth in the rrsp (I can tolerate volatility) and make riskier investments in my tfsa. I'm looking at flyht (fly.v) and CMH for starters in my tfsa and wondering what you think and if you have any other suggestions. For my rrsp, I'm going to take positions in the model portfolio but so many of the stocks have had quite a run up and have high PE's; should I take my time and wait for a pullback? Thanks for your time. Our total portfolio is the 25+8k I mentioned in my question, but I am contributing 30k per year now and intend to increase that over the next 15 years.
Read Answer Asked by Rick on February 23, 2015
Q: Hi Peter & Team:
Thank you for your excellent service.
My TFSA account has $16K cash now.
I am holding: DHX, HCG,MG,PRW,QST, BDI,SJ
which section should I enter at this moment? My goal is growth with dividend. Not too risky.
I am 49 and long term holding investor.
Thank you
Adriana
Read Answer Asked by hong on February 22, 2015
Q: Good Afternoon,
I will be making my annual RRSP contribution in the next week or so and based on your research and all the Q & A here I have narrowed it down to 2 stocks, CXI or DHX.b. I was leaning toward CXI but it has taken a huge run in the last week or so now not so sure. This is for the very long term, which one of the two do you feel has the most upside. Thank-you
Read Answer Asked by Chris on February 19, 2015
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