Q: May I add a technical factor to David's Q today.According to a technical manager on BNN recently,KEL is his top pick & if it breaks out of the $8.25 level,he is looking for $10. Good luck
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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: Hello 5i,
Not a question, but a response to the question around Estate Planning. I am not a financial planner or tax expert so my suggestions need to be read in that context.
Firstly, for the grandchildren: would RESP's, TFSA's, RRSP's etc, be a viable option to help provide for them on an on-going basis starting now? This would also allow you to craft their portfolios as you wish.
Secondly, as they get older you could provide them with a small non-registered account and work with them on it - some grandchildren (or their parents) might show some interest, some not.
Another consideration would be to name each of your children/grandchildren and other beneficiaries as direct beneficiaries on each of your accounts so that the holdings (or funds) would transfer directly to them upon your passing. Percentages could, I think, be arranged so as to look after a spouse or other loved one on a priority basis. This part I am not clear on. Again, I am not any kind of specialist and know very little (ask my wife & kids, they'll back me up on this).
The direct division of an estate via the beneficiary route will help reduce Probate fees - and in B.C., this is a huge tax as compared to other jurisdictions.
My guess is that this kind of question will become more pressing as we 'Boomers' reach our "Best Before" dates and start to seriously consider Estate Planning and wonder how to best provide for our families, loved ones, favourite charities, etc. while trying to minimize the inevitable tax hit.
Sorry for the length of this post but it is just a collection of random thoughts as I thought about the question.
All the best,
Cheers,
Mike
Not a question, but a response to the question around Estate Planning. I am not a financial planner or tax expert so my suggestions need to be read in that context.
Firstly, for the grandchildren: would RESP's, TFSA's, RRSP's etc, be a viable option to help provide for them on an on-going basis starting now? This would also allow you to craft their portfolios as you wish.
Secondly, as they get older you could provide them with a small non-registered account and work with them on it - some grandchildren (or their parents) might show some interest, some not.
Another consideration would be to name each of your children/grandchildren and other beneficiaries as direct beneficiaries on each of your accounts so that the holdings (or funds) would transfer directly to them upon your passing. Percentages could, I think, be arranged so as to look after a spouse or other loved one on a priority basis. This part I am not clear on. Again, I am not any kind of specialist and know very little (ask my wife & kids, they'll back me up on this).
The direct division of an estate via the beneficiary route will help reduce Probate fees - and in B.C., this is a huge tax as compared to other jurisdictions.
My guess is that this kind of question will become more pressing as we 'Boomers' reach our "Best Before" dates and start to seriously consider Estate Planning and wonder how to best provide for our families, loved ones, favourite charities, etc. while trying to minimize the inevitable tax hit.
Sorry for the length of this post but it is just a collection of random thoughts as I thought about the question.
All the best,
Cheers,
Mike
Q: What do you think of Zcl after their earnings report. Is it time to sell? If so what would you suggest as a replacement?
Q: DBO had comments on Avenger Infinity movie and its success. They were blowing their horn about their product. They say they are in 40 countries and 670 screens. Any hope ? Or does one sell ? RAK
Q: Hi 5i,
I am interested in the asset tracking space. I have read comments/replies on above mentioned companies in this space and wondered what your current opinions might be of each of these.
Is there a 'best of breed' company or 'industry leader' in this space or is the space just to fragmented for someone to be dominant?
Your last comment on TKX was a company to watch. They have done a number of deals the past 18 mos and the most recent involves some collaboration with Impinj. How do you feel about this company today (TKX)?
Impinj has fallen quite a lot the last 18 mos (I don't own it), has it gotten to a point of being buyable or too much downward momentum still exists? They seem to have a lot of RFID tags out there (25 billion)...that has to count for something. :)
I do own GPS (2%) and am patiently waiting for them to get back on track....pun intended :)
Thanks as always for your valued guidance!!
Cheers,
Steve
I am interested in the asset tracking space. I have read comments/replies on above mentioned companies in this space and wondered what your current opinions might be of each of these.
Is there a 'best of breed' company or 'industry leader' in this space or is the space just to fragmented for someone to be dominant?
Your last comment on TKX was a company to watch. They have done a number of deals the past 18 mos and the most recent involves some collaboration with Impinj. How do you feel about this company today (TKX)?
Impinj has fallen quite a lot the last 18 mos (I don't own it), has it gotten to a point of being buyable or too much downward momentum still exists? They seem to have a lot of RFID tags out there (25 billion)...that has to count for something. :)
I do own GPS (2%) and am patiently waiting for them to get back on track....pun intended :)
Thanks as always for your valued guidance!!
Cheers,
Steve
Q: does canadian tire report after market close on may 8 or may9
Q: What do you think of RNW as a buy right now for long-term hold in a TFSA account?
Q: Your monthly portfolio updates seem to have disappeared from your website. I saw the balanced and income updates last week but the growth portfolio never did show up. And,now, all three appear to be MIA. Is this your website issue or my computer issue?
Thank you,
Geoff
Thank you,
Geoff
Q: What is the expected earnings to be reported on May 7?
I am thinking of buying some before the report. Is the dividend safe? Does it have a high debt for this sector.
Thanks for your thoughts on this company.
I am thinking of buying some before the report. Is the dividend safe? Does it have a high debt for this sector.
Thanks for your thoughts on this company.
Q: I currently own ENF and IPL. I am considering buying PPL and dumping ENF. Your thoughts would be appreciated. Joe
Q: Peter; Do you see any news besides the upgrade to account for the quick pop up and drop down this am? Thanks. Rod
Q: Hello 5i can you comment on wtw earnings Thanks
Q: Thoughts on Arista Networks?
Also, if I bought this company back in January for a long-term hold how much homework do I need to do moving forward? The volatility doesn't bother me I just never know when a pullback is due to a long term structural issue or short term trading activity. There is a lot of noise out there!
Also, if I bought this company back in January for a long-term hold how much homework do I need to do moving forward? The volatility doesn't bother me I just never know when a pullback is due to a long term structural issue or short term trading activity. There is a lot of noise out there!
Q: I own the WARRANTS here, ACB.WT and NOT the Stock/ACB. I got a Marging Change Notice from Questrade yesterday, so wondering what I should read into it? Thanks! Could it have to do with possible Accelerated Expiry?
Effective May 7, 2018, the margin requirement on long positions of symbol ACB.WT.TO will increase from 50.00% to 60.00% and the margin requirement on short positions will increase from 100.00% to 100.00%.
Effective May 7, 2018, the margin requirement on long positions of symbol ACB.WT.TO will increase from 50.00% to 60.00% and the margin requirement on short positions will increase from 100.00% to 100.00%.
Q: I have a small position in Canopy. I would like to add one or two more marijuana stocks to my portfolio. Could you please make a few suggestions?
Many thanks, Peter
Many thanks, Peter
Q: Buy today or wait for earnings?
Q: Hi Ryan Can I have your comments on q1 results
Thx Stan
Thx Stan
Q: Can you give me any insights on this company. They seem to have reported good numbers. Yet the their stock sold off. Would it be ok to add to my position.
Q: Here are my top 10 holdings by value in order-Visa, BAM + BIP, CGI BofA, ALPHABET, FB , CCL ,BOYD ,SJ , GOEASY.
As you can see there was no thought of sector allocation or othe strategy and am surprised to see Goeasy in the list!
I have about 15 other stocks. I want to keep it to this number and here is my question
I like to let go of two or three of the other stocks -ZZZ (is this a growth stock still ?)ECN , ECI HWO.
I would like to buy Stars group new and maybe add small amounts to current holdings - Constellation software, Savaria GUD , Sandwitch co.
Appreciate your comments on one or two to let go and one or two to add so the only new money is to buy Stars group
As you can see there was no thought of sector allocation or othe strategy and am surprised to see Goeasy in the list!
I have about 15 other stocks. I want to keep it to this number and here is my question
I like to let go of two or three of the other stocks -ZZZ (is this a growth stock still ?)ECN , ECI HWO.
I would like to buy Stars group new and maybe add small amounts to current holdings - Constellation software, Savaria GUD , Sandwitch co.
Appreciate your comments on one or two to let go and one or two to add so the only new money is to buy Stars group
Q: Hi Peter, Ryan, and Team,
Perhaps you could shed some some light on this ETF, as I believe there's a serious pitfall with the product. I sent First Asset an email yesterday, wondering about the so-called "reinvestment" that was "paid" on Dec. 28, 2017. I refer to it as 'so-called' because this $1.63 per share "reinvestment" does not give you cash, nor does it increase your number of shares! In other words, it appears to do nothing for me.
Here's the email I sent First Asset:
Hello,
I purchased 1395 shares of TXF on July 21, 2017. I see that on Dec. 28, 2017, the fund "reinvested" $1.63 per share. This would, in my case, be an amount of 1395 X 1.63 = $2273.85.
My broker, Scotia iTrade, increased the adjusted cost base (book value) of this fund, so I now show a slight loss when not considering the cash distributions received on Oct. 4, 2017, Jan. 4, 2018, and Mar. 29, 2018.
Here are my questions:
Should I see the amount of $2273.85 on the statement from my broker?
If I were to sell my shares of TXF today ($16.69 at this moment), would I receive 1395 X 16.69 = $23282.55?
What happened to the "reinvested" amount of $2273.85?
I look forward to an explanation of the above questions.
Here's the response from First Asset:
Hi Jerry,
The $1.63/unit amount is a non-cash distribution that was reinvested in the fund, which is why you see an increase in the Adjusted Cost Base. To answer your questions:
The amount of the distribution should be reflected on your statement but only as an increase to your Adjusted Cost Base. It wouldn’t increase the amount of units or the market value of your position in TXF.
If you were to sell your shares based on a unit price of $16.69 you would receive approximatively (1,395 x 16.69) – Adjusted Cost Base (including the $2,273.85) minus any other fees your broker my charge you.
The amount of $2,273.85 has been added to your Adjusted Cost Base.
I realize that 5i doesn't really care much for the covered-call aspect of TXF, but I was prepared to live with that. However, I certainly didn't expect the ACB (book value) to increase by the amount of this non-cash distribution! How does this help the investor? Am I correct in my assessment of TXF?
What would you replace TXF with to stay in the same sector, and one where the "reinvestment"is actually paid to the investor?
Thanks in advance for your guidance. I realize that this is a long and detailed question and your answer would be helpful to others. Please deduct as many question credits as you deem necessary.
Perhaps you could shed some some light on this ETF, as I believe there's a serious pitfall with the product. I sent First Asset an email yesterday, wondering about the so-called "reinvestment" that was "paid" on Dec. 28, 2017. I refer to it as 'so-called' because this $1.63 per share "reinvestment" does not give you cash, nor does it increase your number of shares! In other words, it appears to do nothing for me.
Here's the email I sent First Asset:
Hello,
I purchased 1395 shares of TXF on July 21, 2017. I see that on Dec. 28, 2017, the fund "reinvested" $1.63 per share. This would, in my case, be an amount of 1395 X 1.63 = $2273.85.
My broker, Scotia iTrade, increased the adjusted cost base (book value) of this fund, so I now show a slight loss when not considering the cash distributions received on Oct. 4, 2017, Jan. 4, 2018, and Mar. 29, 2018.
Here are my questions:
Should I see the amount of $2273.85 on the statement from my broker?
If I were to sell my shares of TXF today ($16.69 at this moment), would I receive 1395 X 16.69 = $23282.55?
What happened to the "reinvested" amount of $2273.85?
I look forward to an explanation of the above questions.
Here's the response from First Asset:
Hi Jerry,
The $1.63/unit amount is a non-cash distribution that was reinvested in the fund, which is why you see an increase in the Adjusted Cost Base. To answer your questions:
The amount of the distribution should be reflected on your statement but only as an increase to your Adjusted Cost Base. It wouldn’t increase the amount of units or the market value of your position in TXF.
If you were to sell your shares based on a unit price of $16.69 you would receive approximatively (1,395 x 16.69) – Adjusted Cost Base (including the $2,273.85) minus any other fees your broker my charge you.
The amount of $2,273.85 has been added to your Adjusted Cost Base.
I realize that 5i doesn't really care much for the covered-call aspect of TXF, but I was prepared to live with that. However, I certainly didn't expect the ACB (book value) to increase by the amount of this non-cash distribution! How does this help the investor? Am I correct in my assessment of TXF?
What would you replace TXF with to stay in the same sector, and one where the "reinvestment"is actually paid to the investor?
Thanks in advance for your guidance. I realize that this is a long and detailed question and your answer would be helpful to others. Please deduct as many question credits as you deem necessary.