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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: Can you please recommend a few companies for a TFSA that have good growth potential with limited downside risk.
Thanks
John
Read Answer Asked by John on July 27, 2023
Q: I manage my son's TFSA and have just sold his NVDA shares at a 200% profit. Many thanks for 5i's excellent advice on this purchase! He needs the money next year and I felt - after a good run - it was time to play it safe and cash in. I would now like to reinvest the funds in a less volatile stock - in any sector - that still has reasonable growth prospects over the next year. CSU comes to mind (and I know you're a big fan). MSFT and GOOG already owned. What would be your top three choices for replacing NVDA - Canadian or US? Thank you,
Read Answer Asked by Maureen on July 25, 2023
Q: I have to sell most of my TFSA holdings but have the option to leave a bit in the account. I have approximately equal positions in the following stocks and I am down on each one. Each seem to have positive comments from the 5i team.

Could you please rank the 4 stocks in the order that you would keep them for a 5+ year hold in the TFSA?

GSY (-39%), SHOP (-15%), ATZ (-27%), TOI (-14%)
Read Answer Asked by Alexander on June 16, 2023
Q: Recently trimmed NVDA to bring position weight back in line. For US, any sector, what are a few top picks for a TFSA? And then how would IJT compare for growth potential and risk?

Thanks.
Read Answer Asked by Marilou on May 08, 2023
Q: I’ve read recently that older seniors overestimate their financial acumen, so I wanted to ask if you think the plan that I think is sensible, is. My thought was to move non dividend paying stocks from my TFSA to my NR., thus making room for the transfer of dividend paying stocks from my NR account to my TFSA where they would produce tax free dividends. Is that a reasonable approach for someone beyond the accumulation stage of investment? I’m wondering if there’s something I’ve failed to consider in this. Thanks as always.

Read Answer Asked by M.S. on April 21, 2023
Q: Hello Peter,

I have shortlisted 5 stocks for a new position in TFSA of my wife and mine. I am thinking of 3 full positions or I could divide amongst 4. Could you help me eliminate one from my list and would appreciate if you could rank the other 4 in order of our preference - best first?
Thank you for your help.
Regards
Rajiv
Read Answer Asked by Rajiv on April 17, 2023
Q: Is there any reason why I cannot make a contribution directly into my granddaughter's TFSA account? Thanks
Read Answer Asked by george on March 28, 2023
Q: Hi Peter, Ryan, and Team,

Recently a member (Reg) asked:

Q: I am a holder of CSU inside my TFSA - as such I have received shares of Lumine - realizing you are not tax experts are these Lumine shares allowed to be held inside my TFSA.
My advisor thinks they might not be - TBD. If they are not allowed they need to be removed - would that count as a withdrawal in the eyes of the CRA?
Thanks

Perhaps Reg was asking about the "new" shares of LMN that he received, given that he had already made his maximum contribution to this year's TFSA.

What action should be taken in such a case, to keep the CRA happy?

Thanks as always for your insight.
Read Answer Asked by Jerry on March 27, 2023
Q: Regarding Mark's question today about his trading in the TFSA. I am with BMO Investorline, I sold a stock and was going to use the funds to buy a GIC. I was notified by Investorline that the funds from the sale would be available in 2 days when the sale transaction would be fully completed. Made sense to me.
Read Answer Asked by William on March 23, 2023
Q: I had an interest charge of $13 on my TFSA statement (investorsedge CIBC). Because I sold and bought on the same day - they agreed to wave it but told me I had to wait 2 days now on my TFSA after selling to access the cash.
Comments, thoughts? Anyone else have similar or different experiences?

Read Answer Asked by Mark on March 22, 2023
Q: I am helping my young adult daughter to start a freshly funded TFSA, she will have an approximate 50K. She is not risk adverse. At this point in the markets, besides BN, which 3 or 4 best names you would you recommend?
Thank you always for your precious advice, and holding our hand in the scary times.
Read Answer Asked by francois on March 14, 2023
Q: If you were setting up a TFSA with CAD equities only, what five stocks do you recommend ranked by order you would purchase. If you could give a brief reason as to why you recommended each equity, that would be appreciated.
Read Answer Asked by David on March 07, 2023
Q: Just a quick question. I have a TFSA and hold a few volatile companies that I like to trade. I have followed technical analysis for 40 years. I have read that a YFSA account can be taxed if there is too frequent trading. Is this true? And at what point will the trading be to frequent?
Thank You
Read Answer Asked by Ronald on March 06, 2023
Q: Would you please comment on ABNB's latest results.

At this point in time what would be the buyer vs. the seller's thesis on the stock? Just things to consider, watch out for both positive and negative, etc going forward.

Thank you very much.


(PS. Please feel free to donate 50 of my question credits to anyone who would like some.)
Read Answer Asked by Sandra on February 16, 2023
Q: Please, advice me which stocks are the best for this year for reinvesting position on tfsa acc, 20,000 $ ?
Or may be some others?
Thank you
Read Answer Asked by dilan on February 13, 2023
Q: Hi,
I am pretty confident that I am correct! But wanted to make sure.

I need to help our adult "child" to buy a place. (Bidding wars have disappeard and some sense of normalcy has returned. Prices are still at least 10% higher than normal I would say!)

If I take 10,000 out of my TFSA, on January 01 2024, I can put in 10,000+6500=16500. Correct? Assuming in 2024 TFSA contribution remains at 6500.

Correct me if I am wrong.

Mano.
Read Answer Asked by Savalai on February 13, 2023
Q: I have space for 3 growth stocks in my TFSA. Looking at various sources, I found the above suggestions. Ideally, I am looking at 15-20% or more of annual earnings growth for the foreseeable future. How would you rank the above stocks, without regard for sectors, with a short explanation for the top 3. Also, any other suggestions? Thanks.
Read Answer Asked by Martin on February 06, 2023
Q: Hi Peter/Ryan when transferring shares from a Margin account to a TFSA is it better to make a transfer in kind or to sell in the margin account and take the cash to buy in the TFSA. In my case there is a gain in the stock in the margin account. Thanks, Nick
Read Answer Asked by Nick on January 31, 2023
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