Investment Q&A

• Brookfield Infrastructure Corporation 5.000% Subordinated Notes due 2081 (BIPH $17.40)
  • $17.40 Cap: $7.96B
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Q: Hi
Happy New Year
Could you have a look at this bond/corporate note and provide some feedback? I am wanting to add it to my US portfolio. I see that its end date is 2081? As well it can be redeemable as early as 2026? Could you confirm these dates as well. Thanks, Len

Upvote 3

Read Answer Asked by Leonard on January 13, 2025

• Celestica Inc. (CLS $384.60)
  • $384.60 P/E (TTM): 61.83X Cap: $44.75B
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• TerraVest Industries Inc. (TVK $137.37)
  • $137.37 Cap: $2.93B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $139.88)
  • $139.88 P/E (TTM): 20.83X Cap: $1.65B
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• WELL Health Technologies Corp. (WELL $4.95)
  • $4.95 Cap: $1.23B
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• Propel Holdings Inc. (PRL $25.14)
  • $25.14 P/E (TTM): 11.89X Cap: $967M
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Q: i've done well in 2024 with a number of 5i canadian small and mid cap picks such as CLS, PRL,TVK, WELL, HPS, etc.
I did similarly well with a number of picks in 2021 only to watch those gains evaporate in 2022.
I know 5i prefer not trying to time the market but i'm watching my 2024 winners trend down, some more than others.
I still believe in the fundamentals of my 2024 winners but if the market is trending down is there not some point one should step aside, take the profit and wait for a new or renewed uptrend?

Upvote 22

Read Answer Asked by Rob on January 13, 2025

• Meta Platforms Inc. (META $731.26)
  • $731.26 P/E (TTM): 26.01X Cap: $1.80T
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• NVIDIA Corporation (NVDA $184.07)
  • $184.07 P/E (TTM): 52.2X Cap: $4.45T
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Q: In follow-up to the Q&A on Howard Marks' recent memo, out of the current "Mag 7", which one do you think is most likely to be in the S&P500's top 20 companies in 20 years, and which one do you think is least likely to be there? Feel free to make two picks for each or decline to respond. I own 5 of the 7.

Upvote 3

Read Answer Asked by Barbara on January 13, 2025

• Vanguard U.S. Dividend Appreciation Index ETF (VGG $103.57)
  • $103.57 Cap: $2.25B
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• Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) (VGH $69.48)
  • $69.48 P/E (TTM): 24.48X Cap: $909M
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• Vanguard Dividend Appreciation FTF (VIG $216.84)
  • $216.84 P/E (TTM): 24.54X Cap: $93.63B
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Q: Good Morning
Is there an unhedged version of VGH ?
Can you recommend any other unhedged ETF similar to VIG but listed in the Toronto Stock Exchange ?
Thank you

Upvote 4

Read Answer Asked by Terry on January 13, 2025

• Royal Bank of Canada (RY $205.87)
  • $205.87 P/E (TTM): 15.45X Cap: $286.99B
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• Bank of Nova Scotia (The) (BNS $89.86)
  • $89.86 P/E (TTM): 17.18X Cap: $110.89B
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• BCE Inc. (BCE $33.53)
  • $33.53 P/E (TTM): 73.89X Cap: $31.69B
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• Sun Life Financial Inc. (SLF $85.24)
  • $85.24 P/E (TTM): 15.52X Cap: $48.25B
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• Restaurant Brands International Inc. (QSR $94.60)
  • $94.60 P/E (TTM): 25.52X Cap: $42.96B
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• Northland Power Inc. (NPI $24.68)
  • $24.68 Cap: $6.49B
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• North West Company Inc. (The) (NWC $46.23)
  • $46.23 P/E (TTM): 16.45X Cap: $2.21B
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• Exchange Income Corporation (EIF $77.61)
  • $77.61 P/E (TTM): 30.41X Cap: $3.97B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $56.26)
  • $56.26 Cap: $20.95B
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Q: These 9 stocks were approximately equally weighted in unregistered dividend account before NPI and BCE took a big dive. The overall yield of the account is around 4.8% which I have been happy with, but the loss of capital in the 2 mentioned is troubling.

Objective of the account is to generate retirement dividend income for the next 5 to 10 years.
Other accounts provide pretty decent diversification by sector / geography / growth etc.


Question 1. Should I take the loss on these two and redeploy into the other holdings?

Question 2. Any glaring omissions in this account which you think I should add in here?

Upvote 8

Read Answer Asked by Jim on January 13, 2025

• iShares Russell 2000 Growth ETF (IWO $328.23)
  • $328.23 P/E (TTM): 21.85X Cap: $13.05B
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• iShares MSCI World Index ETF (XWD $109.97)
  • $109.97 P/E (TTM): 21.74X Cap: $1.44B
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• RBC Quant U.S. Dividend Leaders ETF (RUD $27.30)
  • $27.30 P/E (TTM): 19.04X Cap: $776M
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• Vanguard S&P 500 Index ETF (VFV $167.25)
  • $167.25 P/E (TTM): 27.07X Cap: $26.78B
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• Financial Select Sector SPDR (XLF $52.42)
  • $52.42 P/E (TTM): 21.43X Cap: $52.02B
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• Vanguard S&P 500 ETF (VOO $615.70)
  • $615.70 P/E (TTM): 27.51X Cap: $694.54B
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• Vanguard Dividend Appreciation FTF (VIG $216.84)
  • $216.84 P/E (TTM): 24.54X Cap: $93.63B
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• Vanguard High Dividend Yield Indx ETF (VYM $140.95)
  • $140.95 P/E (TTM): 19.21X Cap: $62.26B
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Q: I currently own a full weigh of the above listed ETFs and in light of President Trump's economic policies that are likely to benefit the financial sector, I'm looking at possibly adding XLF: US ETF to my US$ Non Registered account.


Q1. What would be your best idea for US$ ETF to add to a US$ Non Registered account at this time along with your rational for this choice?

Q2.What are your thoughts on XLF:US in terms of potential return for 2025 and the remainder of the Trump presidency?

Thank you and I look forward to your response.
Francesco

Upvote 4

Read Answer Asked by Francesco on January 13, 2025

• BlackBerry Limited (BB $6.37)
  • $6.37 Cap: $3.71B
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Q: Hello 5i Team
I have noticed that Black Berry stock has started to rise in price, is it because of improved fundamentals ? Is this a company that you would recommend for a 3 year purchase?
Thank you

Upvote 2

Read Answer Asked by claudio on January 13, 2025

• Brookfield Corporation Class A Limited Voting Shares (BN $63.04)
  • $63.04 P/E (TTM): 103.29X Cap: $139.65B
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Q: Hello 5i

If BN is the only Brockfield Group stock in a portfolio. As a diversified conglomerate, up to what weighting percentage can it be held without becoming a bet on a stock?

Thanks

Upvote 15

Read Answer Asked by Charles on January 13, 2025

• Brookfield Corporation Class A Limited (BN $44.92)
  • $44.92 P/E (TTM): 103.29X Cap: $99.55B
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Q: Given Fridays sharp pullback would you consider this an ideal entry point?

Upvote 15

Read Answer Asked by Kim on January 13, 2025

• Global X S&P 500 Index Corporate Class ETF (HXS $97.15)
  • $97.15 Cap: $5.21B
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Q: As a follow up to my question on January 8 regarding ETFs you suggested ZSP to represent S&P 500
Would HXS be a better alternative since there will be no withholding tax in the TFSA as per asked by Danny boy on January 10?

Upvote 2

Read Answer Asked by Indra on January 13, 2025

• OppFi Inc. Class A (OPFI $9.44)
  • $9.44 Cap: $811M
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Q: Can you please provide some feedback on OPFI? Is there a reason why there was a surge in price today? Thanks!

Upvote 1

Read Answer Asked by Neeraj on January 13, 2025

• Enbridge Inc. (ENB $66.21)
  • $66.21 P/E (TTM): 23.19X Cap: $143.90B
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• Andlauer Healthcare Group Inc. Subordinate Voting Shares (AND $53.50)
  • $53.50 P/E (TTM): 31.1X Cap: $2.07B
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Q: Thanks for your reply on the effects of Trump tariffs on various stocks I own . I will be doing a little re-balancing based on your answers . However you didn't opine on two on the list . ENB which I would suspect may be affected by a tariff on oil and AND which has both Canadian and American operations though I'm not sure of how much of each they have. Thanks again for your terrific service ......

Upvote 3

Read Answer Asked by Garth on January 13, 2025

• Goldman Sachs Group Inc. (The) (GS $759.29)
  • $759.29 P/E (TTM): 16.55X Cap: $227.27B
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• Morgan Stanley (MS $161.31)
  • $161.31 P/E (TTM): 17.95X Cap: $253.29B
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Q: Hi!

Regarding these 2 companies which one has more growth prospects, better value for 2025? Are they overlapping businesses or complimentary to each other? I have a nice gain in MS thinking about trimming and buying some GS.

Ok thanks!

Upvote 2

Read Answer Asked by Robert on January 13, 2025

• iShares S&P/TSX 60 Index ETF (XIU $45.22)
  • $45.22 P/E (TTM): 7.38X Cap: $17.90B
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Q: I am trying to understand how an ETF like XIU works. Does a shareholder actually own any stocks when they own this etf, or do they just own shares in a fund that tracks the TSX 60, but doesn't actually own the individual companies?

Upvote 3

Read Answer Asked by Maria on January 13, 2025

• Brookfield Renewable Partners L.P. (BEP.UN $40.51)
  • $40.51 Cap: $26.31B
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Q: I note that dividends from this firm may be subject to withholding tax.
Can you name any Canadian companies who pay dividends/distributions in US dollars, and who might NOT be subject to holding tax?
I would prefer it if you knew firms who pay in excess of 5% dividends.
Thanks!
Paul

Upvote 4

Read Answer Asked by Paul on January 13, 2025

• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $139.88)
  • $139.88 P/E (TTM): 20.83X Cap: $1.65B
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Q: You have remained quite positive on Hammond.
Can you advise where their products are produced (I suspect most products for NA are produced in Mexico, therefore subject to any Trump tarries on Mexico, but I may be wrong).
Also do they have the capability of doing some manufacturing in the US

Upvote 7

Read Answer Asked by Robert on January 13, 2025

• Superior Plus Corp. (SPB $7.91)
  • $7.91 P/E (TTM): 31.55X Cap: $1.76B
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• South Bow Corporation (SOBO $36.70)
  • $36.70 P/E (TTM): 19.76X Cap: $7.65B
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Q: I would like to sell SPB. I have a small position in SOBO so wondered if this is a good replacement for SPB ? This is for a RRSP account .
Thanks

Upvote 4

Read Answer Asked on January 13, 2025

• BMO S&P 500 Index ETF (ZSP $103.13)
  • $103.13 P/E (TTM): 26.73X Cap: $20.17B
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• Vanguard S&P 500 ETF (VOO $615.70)
  • $615.70 P/E (TTM): 27.51X Cap: $694.54B
  • View VOO Profile
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• Vanguard Mega Cap Growth ETF (MGK $406.20)
  • $406.20 P/E (TTM): 39.64X Cap: $22.95B
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• Evolve FANGMA Index ETF (TECH $20.97)
  • $20.97 P/E (TTM): 31.56X Cap: $97M
  • View TECH Profile
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Q: Can you please recommend an equivalent ETF to VOO or MGK that is denominated in Cdn dollars. Thank you.

Upvote 2

Read Answer Asked by Greg on January 13, 2025

• Alphabet Inc. (GOOGL $255.70)
  • $255.70 P/E (TTM): 27.0X Cap: $3.06T
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Q: hi
do you have any thoughts on the effects of a Google "break-up" of assets, which could include a forced sell of "chrome"?
any thoughts on the likelihood of this with the new president?
cheers, Chris

Upvote 7

Read Answer Asked by chris on January 13, 2025

• Wajax Corporation (WJX $23.00)
  • $23.00 P/E (TTM): 13.72X Cap: $495M
  • View WJX Profile
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Q: How low would this need to go to become attractive. Is the market already suggesting a dividend cut may be on the way?

Upvote 1

Read Answer Asked by Jim on January 13, 2025