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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: I am a recently retired 60 year-old investor who has a DB pension, fairly large RRSP, and wish to hold off CPP until age 70 for maximum benefit.
So based on the above, even with some income-splitting, tax-wise I am going to get taken to the cleaners once I hit my 70's. I am planning to withdraw some RRSP money over the next 10 years in an attempt to lessen the hit.

Generally I am a dividend investor, but the dreaded dividend gross-up does further damage to my situation with regards to the OAS claw-back. I am wondering if I should be adding more of the growth type companies instead (eg. BAM, CSU, FSV) instead of adding to my dividend-paying stocks.

I know you are not tax experts and don't expect any specific advice, but do you have a general opinion on a retiree balancing their mainly dividend portfolio with some growth? I always thought dividends were taxed better than capital gains, but that gross-up is the enemy here.
Read Answer Asked by James on March 28, 2022
Q: What is your view of the international/Kurdistan oil company Forza Petroleum Ltd? Do you see FORZ as a good growth stock in the current high oil price environment?

Thanks
Read Answer Asked by Sig on March 28, 2022
Q: Good morning,

I added these at the very low point of energy. 5% equal weight of my portfolio, now it becomes 20% ish. I am looking to cutting down by half. Should I keep the pipelines ENB & PPL & VET and cut the rest or just reduce across equal weight. Your thought is very much appreciated.

Thanks again!
Read Answer Asked by Nhung on March 28, 2022
Q: Morning 5i,
Is the recent very sharp drop in VMC due to one investor pulling the plug and dumping a large volume of shares, or is there more to it than that? I haven't been able to find any news that would explain the one day drop of around 50% and wonder what might have caused it.
And although I don't hold many shares, I also wonder if I should follow suit and put the money to work elsewhere, or if you think this recent decline might be temporary and it might work itself back up to at least the $4 range.? Thanks!
Peter
Read Answer Asked by Peter on March 28, 2022
Q: I'm with investors edge

My monthly statements summarize my dividends in an income summary, however distribution/dividends from dir.un + hcal do not show up in the summary, rather in the monthly activities, which makes tracking income a PITA.

Is this a common practice?

What am I missing?

Thanks as always
Read Answer Asked by Mark on March 28, 2022
Q: Hello 5i team,

Need an opinion on resizing my healthcare investment.

I hold GILD, ABBV, PFE in our portfolio; ABBV & PFE are doing well while GILD is barely breaking even. Your thought in replacing GILD with JNJ or go to IHI - a medical devices ETF.

Thank you !
Read Answer Asked by Nhung on March 28, 2022
Q: Hi Folks,
I've held GILD in my TFSA now for a couple of years and I'm down 27%, time to let it go. I also hold ABBV, PFE and MDT all performing well - can you suggest a replacement for GILD - looking for a company paying a dividend with some growth. Appreciate your suggestion.
Thanks
Read Answer Asked by JOHN on March 28, 2022
Q: I have held Middlefield's IDR for a short time in a RIF and am down 6.05%. Found it has been merged with 2 other ETFs or funds. I am feeling very uncomfortable with it. Can you comment what has happened and if MREL is worth holding? Losses do not bother me much & I can easily move on.
Thank You
Read Answer Asked by William on March 28, 2022
Q: I tend to hold either 3% or 5% positions in companies I own. If you were to own the above companies, which ones would you be inclined to own at a 3% level and which ones at a 5% level? If you would not be inclined to hold one or more of these companies at all, please indicate.
Thanks for a great service and have a well deserved weekend break. ram
Read Answer Asked by Ray on March 28, 2022
Q: Have stayed clear of this name, but the lifeline from Fairfax is of interest, largely as I think they are smarter than I am. I realize it’s debt, so my question is what would you like to see before you would even consider a nibble? Sales growth, profit growth, both? Or it is so small the risk label not likely to make it attractive at any point?
Read Answer Asked by Jim on March 28, 2022
Q: Syz.,what is happening here?This company is totally out of favor.
What is the market telling us?
They aren't earning enough to pay the dividend.And really, why is a growth company even paying a dividend? That doesn't make much sense.
Please can you shine some light on this.As well as Cliq,what is the story here?Its very confusing to me
Read Answer Asked by Josh on March 28, 2022
Q: As concerns ZWC vs ZEB: I had assumed that the former's high return-of-capital component were accounting-speak for capital gains from the sale of covered calls - essentially, a way to defer capital gains taxes until the position were closed. So what's not to like about deferring capital gains taxes, particularly for an stable, NAV-appreciating, income-oriented instrument like ZWC, which we would expect to hold for a long time? I.e., what am I missing about why lower return-of-capital should be 'better' - or, more generally, is there a threshold above which high return-of-capital creates some sort of weird risk?
Read Answer Asked by John on March 28, 2022
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