Investment Q&A

Q: This is a tax / accounting beef, but it may apply to a lot of subscribers.

I'm doing my taxes on my own, and it is extremely time-consuming and frustrating when it comes to investments. CRA wants all the US numbers converted to CAD.

I have a US-based margin account to avoid the constant back and forth with losing money on exchange rates. I own relatively small amounts of many US stocks. Almost half of my tax time is related to accounting for stocks, looking up the original purchase date or settlement date, figuring out the US exchange rate (from the Internet) on that particular day, then adding to the cost base another day and a different US exchange rate when I added a few more shares to it, then subtracting that from the sell price with the sell date's foreign exchange rate. If that’s not enough, CRA wants us to include the commission in the cost base, but then the sell price needs to have the commission stripped out (with its US exchange rate calculated). What’s that all about?

I don’t know why the trading platform doesn’t figure all this out for you. Are there any smarter ways of doing this, other than switching brokerage accounts?

Q: Which are , in your views, and in a growth perspective, the best ETFs to cover the financial sector ? Is IAI one of them ? Why or why not ?

Gratefully,

Jacques IDS

Q: This stock just took a 15% drop because of their recent financial report. It looks to be about the Covid problem. Do you think that this would be a good entry point, since Covid vaccinations are going ahead rapidly in the U.S. ?

Q: Would you have a preference, or even recommend either of these US industrial stocks? Seems Jim Cramer on Mad Money in US is a big fan but I would like your perspective. Thanks.

Q: Retired, dividend-income investor. I own the following Cons Staples = NWC, PBH, PLC, as well as I am building a Cons Discretionary position in Leon's.

I am looking for another Disc stock. I remember seeing a related question on this a few days ago, but couldn't find it. What are your favorites right now for me to do further research on? I must admit I lean towards value stocks, as I have difficulty in buying something that has already had a good run.

Could you give me 3 Discretionary names on the conservative side and 3 on the more aggressive side...no speculative names. If we can't find a suitable Discretionary stock, I might add another Staple name, like possibly ADW (it is listed as a Staple, which is absolutely true in our household, but it could be Discretionary...compared with food). Could you therefore give me 3 Staple names that might fit well with my existing Consumer holdings? So, I need 9 names, if possible. The cash available is in my TFSA, so while a dividend is nice it is not imperative.

Thanks for your help...much appreciated...Steve

Q: Can you please comment on the outlook for autodesk.
Would this be a good infrastructure play?
Thanks Cal

Q: CLF Thoughts on this company with the Biden infrastructure plan coming out later today, stock seemed to get a “shot in the arm” 😁 on this announcement!

Q: Gold in general due to the massive Fed and provincial deficits in Canada

Hi Peter and team
even before Covid, the Fed govt was running a substantial deficit in good time
(comparatively)
the Fed deficit for the next few years (1-5) would be enormous no matter which party takes power
with the debt, for an average investor, I do own gold stocks and ETF
today at 11:30 Wed , one speaker on BNN felt that investors are not keen on buying gold (now off the peak season), he does not like bitcoin either

From your perspective, this could be a good time to buy some more quality gold
stocks and ETF (I know the names that your services recommend) ; I wonder
if you feel that this would be a prudent move, (up to 5 plus percent in ones portfolio)
or there is another sector one could buy as an insurance of the massive printing of our money due to the huge deficits (the US called it Quantitative easing)

looking forward to hear your expert opinion,
thanks

Michael (do own some gold stocks and the ETF for gold)

Q: Regarding their year end release. I noticed they have a cash balance of 16.3M which increased in 2020 despite the terrible year. This is almost 1/3 of its market cap in cash. How positive do you view the ability of this company's ability to weather the storm in 2020 and be diligent enough to increase its cash position. Looking for your thoughts as I am getting more inclined to increase my weight slightly as a spec play. thank you.

Q: Hi 5i team,
DOC share price has been steadily declining during 2021, whereas Dialogue Health ‘CARE’ debuts yesterday with almost a 30% gain. What’s the reasons driving the very different sentiments toward these two tele-medicine stocks? What is your top choice in this space and why (excluding WELL) ? Thanks.

Q: What is your outlook on this company?
Thanks
Cal

Q: Of the above mentioned stocks, which would you choose as a current buy with the most growth potential.
Thanks 5i I am so grateful for your excellent service.

Q: Hi There! which one would you prefer and why? Thanks a bunch!

Q: What is your thought about Bird construction

Q: Hello, what’s with the price action of BPY.un at the open? I thought the price would have gone up to about 22.80, given the final offer of BAM. Thanks.

Q: Any thoughts on HR Block in terms of medium term prospects?

Q: Goose has been a little soft the past couple of weeks and wondering if you would wait or buy today if adding to a position in this company? THANKS

Q: I've done well with Boyd and am reluctant to sell, however the recent share price has been flat to down. Can you elaborate on growth drivers for this company. Considering swapping for CP for growth and slightly higher dividend or is more patience required.

Thanks

Q: Hello, Can you please list in order which one of these Titans would you recommend for a 10 year hold within a TFSA. Or, should all three be held, currently in my US TFSA I only hold COST. I have other investments like ETFs and stocks in my CDN TFSA for diversity.

Thanks,
Robbie

Q: I am loking at a purchase of either Analog Devices or Skyworks. May I please have your comparative analysis and preference? Is there an alternate that you prefer?
With appreciation,
Ed