Investment Q&A

Q: With all the bubbles building up around us – bonds with negative yields, unbelievable levels of debt, USD artificially overvalued and its reserve status under attack from the Chinese – do you ever consider going into some sort of defensive shell to shelter from the coming storm? If so, what kind of a shell would that be? Do you think the CAD might escape some of the turmoil, due to less sovereign debt? How do you feel about gold?
I’ve been trying to play defense for some time now, by investing mostly (but not entirely) in small cap dividend paying Canadian stocks that can’t easily be shorted, or accessed by large US investors, avoiding financial services stocks, and having some gold stocks. I have thereby missed out on the huge rise in US stocks and bank stocks, but I think in the long run my strategy will probably still pay off. What do you think?
The top ten holdings (in decreasing value) that my wife and I have are KEG.UN, PPL, BPF.UN, CHE.UN, CGX, FCR, BXE, FNV, AW.UN, and GIL, out of a total of about 25 holdings.

Q: Good morning,
I can't seem to find the answer to the following question in your TSFA section and do not want to assume. Can you please confirm that I can sell a stock and buy a new one to replace it or would the sale be considered taking funds out of the TSFA. In other words, can I trade at will inside a TSFA similar to RRSP?
thanks
Jean

Q: Hi Team - could you provide a general comment/opinion on the company and what you think of its recent NR with respect to the Google partnership? Thanks

Q: Bonjour, please give me your opinion on the following funds: Imperial International Bond Pool, Imperial Canadian Dividend Income Pool and Imperial US Equity Fund.
Merci
Ronald

Q: would like a comment on today's 1Q15 sales,eps and outlook. thanks

Q: Would greatly appreciate your view on latest news from FRU.
Thanks for great service as always.
Garry

Q: Hi Peter,

Is there a way through the markets to participate in the increasing housing markets in Toronto and Vancouver? (without having to own a house). My point is there are many ways to participate in real estate through REITs without having to own real estate personally. Thanks

Q: Many cannabis startups are stagnant or declining, but CANN seems to be finding its feet. Is this just noise, or is CANN's pick-and-shovel focus getting traction in the market?

Q: Would appreciate your opinion on JOY. I bought at $44.04US and watched it go down. Thomson Reuters rates it a average score of only 3. Is it time to sell, or hold for a turn around in the mining sector, where most of their equipment is sold. Thanks Art

Q: Hi Guys,
Can you please give a quick update on NML's decision not to answer the $23MM cash call from Tata? Based on the initial agreement between the two parties NML has a $300MM free carry and then any Cap Ex above this amount NML would be responsible to pay their fair share which is 20% of any further Cap Ex based on a 30/70 equity/debt split. Based on the math looks like the total spent thus far on the DSO is $684MM resulting in a $23MM cash call. NML has made the decision not to give Tata this funding and therefore will be diluted in their ownership perhaps to 16-17% from 20%. When the initial binding legal agreement was established would NML not have protected themselves against this? Tata in the last year or two changed the scope of the DSO to produce more than originally suggested and therefore further Cap Ex is required. Theoretically Tata can continue to spend further pressuring NML for further cash calls knowing NML can't or won't raise the funds. Hence diluting NML's interest potentially to zero. I assume the original agreement would have set up the guidelines and NML would have capped the Cap Ex? If Tata on their own changed the scope why would NML be bound to the new terms? thank-you for any clarification.

Q: Can I get your opinion on this company and how does it compare to SHAK? I'm looking for exposure to the US consumer and feel that the restaurant stocks might offer a good opportunity to capitalize. Thoughts?

Q: You would consider TCW to be a good buy now (to hold for 3 to 5 years)?
If not, what other stock would you recommend (regardless of the sector). Looking for growth with some dividend while I wait.
Thanks

Q: Got an analyist upgrade to-day.Your thoughts on this company please.Thanks.

Q: I bought 4 different CIBC mutual funds on Oct 1 last year. The Dec 31 results were 2 had small gains, 2 had small losses and the net change for the 4 funds was +$256.47 for the 3 month period. I received a T3 slip that showed a capital gain of $808.17. How Is it possible to have a capital gain on a return like this? Art

Q: Your current opinion on nuvista(nva) would be appreciated.Thanks.

Q: I have practically no tech exposure. My former money "manager" got rid of it all! :(
Would I now be best to buy ZQQ or a combination of OTC,GIB.A, and CCL or WPK?

Q: hi folks:

repeatedly you have stated that kelso has a good balance sheet, good mgmt, and is in a good industry niche

AND always commented it to be 'very expensive'

assuming the above I ask....

given that it is directly related to the O/G sector yet given at $4.60 it is down +/- 35% at what point does it become reasonably priced (based on fundamentals), and at what point would it move to 'you'd be a dolt not to buy some'

thanks

Q: Hello,

I am looking for member questions on "Wealthsimple". However the searchbox is limited to 10 characters even when I use the "search all text" option. I therefore cannot find the question(s) on Wealthsimple using the search function, although I recall seeing them.

Could you direct me to where I can find them?

Thanks

Q: Hi Mr. Hodson and Team
A. I have another question related to my previous question:
I also hold the following Dividend-paying Storage and Pipeline stocks:
KEY 1.5%. ENB 1.4%. IPL 1.1%. TRP 0.5%. Total of 4.5%.

Do these belong in the Energy exposure as well? If so, do these then make our Canadian Resource exposure a total of almost 25%? (With Cpg, Arax, Bte, Eca, Vet, Bnp, Su + Cnq)

B. Which of these should i keep? Which should we eliminate or trim?
Should we bring the total Can. Resource exposure (Energy+Materials+Gold) down to 12%, as we think?
Feeling a little like deer in the headlights. Your kindness is so appreciated. sarah

Q: I'm looking to add a growth name in healthcare. I already own GUD from the growth portfolio. Would you recommend PLI, PHM, or QHR (or even PEO). I am also debating CXR for larger size and stability, but have a hard time jumping in after watching it run up so much the past little while.

Thanks,

Jordan