Investment Q&A

Q: Some analysts are wary of Enbridge's payout ratio vis a vis its dividend. Can you advise what the true payout ratio is, and in your view is there any concern it can't be met? Thanks, Bill.

Q: Good day team,

Please excuse me if this question has been asked before but is there an international focused etf I can contribute to in my tfsa where I don't have to pay withholding taxes? If so, can you list a few please?

Cheers

Q: Currently have ~10% loss on T. Considering taking the loss and buying VZ in its place. Any concerns with this swap?

Thanks,
TJ

Q: Dear 5i,

does VIXY behave like a leveraged ETF such that they are not suitable for buy and hold investors. I understand that leveraged ETF's reset every day and there is price erosion so they are only suitable for short term investing. Would VIXY be ok for a buy and hold investor who believes that there was going to be a significant correction in the overall US market in the medium to long term? Your thoughts are much appreciated.

Q: Would you foresee any specific potential drivers for upside (looking for total return/compounding growth rather than specific dividend income) in one of these transportation companies over the other? I am trying to decide between them for a position in a long term hold RRSP portfolio. Thank you.

Q: With MasterCard recently announcing entry into the BNPL space, would this potentially make it a better purchase for a longterm hold than Visa, if adding only one of these companies today? Thanks for all of your advice.

Q: Hi 5i. I was wondering if you or other members can provide insight on the following tax issue.

I bought Boyd Group Income fund in 2015 ($49/share) in my BMO InvestorLine account. When it converted to a corporation on Jan 1, 2020, my understanding was that it triggered a capital gains event at the conversion price of $202 and that I would have to declare this gain and pay taxes on it in 2020 even if I did not actually sell any of my shares. So I did this, even though I retain all my shares to date.

My issue is that for the 2020 tax year, I did not receive any documentation of the conversion in any brokerage trading summary document or issued T5008 slips, and my investment account still shows the original Cost value of $49.

I called CRA as I was concerned that when I eventually sell the Boyd Group Services shares in the future, the T5008 slip would reflect the original cost value and CRA will claim I need to once again pay capital gains taxes based on the original $49 instead of $202/share.

What CRA told me basically confirmed what I was afraid of -- that is, their assessment will be based purely on information issued on the brokerage T5008 slips and that the cost value would most likely reflect the original $49 share price rather than $202. So I may either have to pay these capital gains taxes again when I do sell, or get reassessed and get a notice saying I owe the CRA additional taxes if I use $202 as the new cost base and deal with the consequences.

I’m wondering if you have any thoughts on this. Also, if any of your other members are in a similar situation, having already paid taxes on this conversion while still holding on to their original Boyd Group services shares and if so, what they did or intend to do.

Many thanks, Ben

Q: Hello,

Wondering if I could get a quick list of your favourtie companies with the following criteria:

Large cap US equity
No dividend
Growth oriented

No explanation is necessary, just some tickers (maybe 3 to 5 if possible) in order of preference, please.

thanks!

Q: I have regretted trimming one third of my UPST position when it was half way up it's run., and have been planning to buy it back at some point. I have waited for a pullback but one hasn't happened . Should or anyone consider buying at the current price for a long term hold?

Q: does this company actually pay a 20% dividend and how long has it paid this?

Q: who would be your favorite small and mid cap oil and gas plays at this time?
Thanks
Dick

Q: Can you please give me 3 medium or large cap US stocks, that you like.Thank you so much for the help, and have a great weekend.

Q: Making some adjustments based on portfolio analytics.
Whats your best growth suggestions for:
Health care (us/ international)
Industrial (us/ international)
Consumer defensive (us/ international)
Consumer cyclical (us/ international)
And what is your favorite way to add a fixed income component?
Take appropriate credits as nessacary.
Thx for the great service.

Q: I need to sell 2 of the above companies tied to the energy sector as a tax loss for 2021.
I am assuming WTI will rise to $85.00. Which 2 would be your choice. Would you endorse Tax loss/Rebuy strategy after 30 days for any of these securities.
Best Regards,
Harold

Q: Morning 5iTeam,

I would appreciate your comments on nstg going forward and would you consider it a buy, sell or hold now.

Cheers,
H

Q: With tech companies moving offices out of high cost of living cities to lower cost of living cities such as Austin Texas (Tesla) and most recently St. Petersburg, Florida (Ark Invest) are there any REITS with exposure to up and coming tech hubs ?

Q: Just wondering what you think of this company and the chance that they might re-institute the dividend?

Q: Looking for buys in the upcoming tax loss selling season. Please rank the attached list. Thank you. Greg

Q: Hi, The recent price action for past 2 days has been encouraging, I think. Do you see signs of some short covering or investors jumping back in ? Any insight into if Spruce has already covered their short position ? Should we be prepared for more volatility until results on Nov 4th. Thanks

Q: Hello Peter,
For additional monies for a balanced approach, i was thinking of putting new monies into Nuvei (instead of Shopify), and rest into one of the banks. I already have Topicus. Does this make sense and if so, which bank would be best at current valuation? Fobi AI has had good news releases, yet stock tumbles. Any comments.. Thanks very much.