Investment Q&A

Q: Hello, I currently have zero exposure to the energy and/or material sectors. I was considering the wisdom tree etf GNAT. Your comments would be appreciated. Thanks

Q: Potentially weird question - Do institutional investors participate in tax loss selling differently than individuals approach it? Maybe the same question could be posed for realizing profits too. I mean in the last few weeks I have observed some pretty big swings and odd volumes on stocks that have been typically stable throughout the year. Do institutional portfolio managers use now as a major time to rearrange their funds in anticipation of their big 2 month sell period to future investors (RRSP season)? Just trying to understand if there is an opportunity as an individual investor I should be looking to potentially capitalize on. - Cheers.

Q: Hello 5i

First thank you for your great recommendation for ACQ, it has been doing great for me and I will probably hold it for years to come.

I own a full position in BEP.UN and I am looking at switching that for the SPDR Homebuilders ETF XHB to take advantage of the home builder surge in the U.S. What do you think of this?
Cheers

Greg

Q: A trading question: G/ Goldcorp as an example and in the context of your model portfolio, would you buy more, sell or hold, and why?

A suggestion: I am having a difficult time properly identifying the correct sector for many stocks in my portfolio in order to be properly diversified. Is there room on the form you use for individual stock reports to indicate the sector you would assign to each stock? Or have I missed this somewhere else?

Feedback: I recently renewed and added Moneysense as well - and would happily subscribe for an additional 2 years now. 5i has done an amazing and superb job of satisfying a large and obviously diverse market. Thank you.
Hopefully you are not being overwhelmed with suggestions for changes, and dont tinker too much - "if it aint broke don't fix it".

A grateful and very happy 5i member ! :)

Q: I found your answer to Andrew's question yesterday re selling to be most interesting. As I took quite a bath in '08 and '09, I have educated myself on technical analysis but my results in market timing have been somewhat less than satisfactory. But I am afraid of another loss like that of '08 and '09.

My question is, do you ever foresee the day when you might consider going to 100% cash in your model portfolio?

Q: Hi Peter,
Thanks for the excellent service provided to the small investor.
I read your positive report on Tricon. I own Morguard North American MRG.UN which is in the same business lower PE and higher dividend (I am down 6%). Should I switch to Tricon?
Thanks.

Q: Hi 5i. Do you know why TCM had a big drop in price today? What do you think of TCM in general? Thanks.

Q: Regarding your price increase notice in the Dec 2nd issue
I joined in April 5, 2013. I think I read in your notice that I do not have to do anything about renewal at the old price until April 2014.
Is that correct ???

Keep up the good work

Q: Hi Peter & 5i: Just a comment regarding Andrew’s question (12/3/13) about switching between VUS and VUN and the possibility of not triggering a capital gain. I agree with you that his contemplated switch would crystallize a taxable gain, if executed, but I think he may have had something else in mind when mentioning what he had heard about. I think in some cases mutual fund companies are able to allow investor’s holdings to be switched between their various funds “in house,” without creating a taxable transaction for the investor. That may have been the idea. As you point out though, it doesn’t work with ETFs, even if the ETFs are both products of the same investment company.

Q: Hi Peter,

Can you comment on the Jim Chanos short and the related report he wrote on CGI?
Is there any merit to his points?

At what level would you say there is strong value?

Thanks in advance,

Q: Hi guys. Any comment on the BMO earnings? Are any other new bmo earnings estimates published? I see CIBC has a new Bank of Montreal report this morning with 2014 eps estimate of $6.27 and 2015 estimate of $6.75. On a $69.95 share price that gives us p/e of 11.15 for 2014 and 10.36 for 2015.

I know, of course, these earnings estimates can always be adjusted, but all things equal the valuation doesn't look too bad sub $70 in my opinion. What are your thoughts? Thanks, as always.

Q: I'm eyeing MX thinking of taking a position. I understand it's a leader in the space do you know how much market share it has? You mentioned it's cheap, google shows it at 94x earnings, what valuation are you showing? What type of growth do you think is achievable for them on a go forward basis and for how long? What drives methanol prices and what are the risks with MX?

Thanks,
Rob

Q: is the action on hgc just normal market moves thanks

Q: Hi There,
I wanted to hear your thoughts on the ETF - FIE. It seems to be a nice mix of financials along with a good dividend. How secure do you see it or what letter grade does it deserve. I wonder that if it is so good how come the ETF seems to be so small in size. Thanks

Q: Canadian Lithium (CLQ) announced a strategic merger this morning. Is this a good thing? Should I hold on or unload?

Q: What is your opinion of CHIX-N Global X China Financials? Have a great day!

Q: Hi Team, HNL announced a new contract in Northern BC. Is this a material increase and will it move the needle for their net income?

Thanks
Darcy

Q: Comment on the acr.un questions. The reason for them today might be BNN

JF Tardiff was on headline last night on Howard Green's show and mentioned that this was the largest position in his fund--sees both growth and safe distribution.

On another unrelated matter.
In Edit Profile section there is no way to change your email address which I can find--how do I do it?

Q: Hi, just curious if you've heard anything about or follow Patent Properties (PPRO); Jay Walker the Priceline founder is behind the company and it seems he has his eyes focused on creating a patent licencing system to launch in the second half of 2014. The company is also earning revenues off of their existing patents (from licencing, settlements, and litigation). I understand this isn't a forum for US listed companies but any input would be appreciated. Thanks,

Q: I've held BEP.UN since 2009 when it was Great Lakes Power. It has been a near double since purchase at $15 and the dividends have been excellent too, but I see in your response to an earlier question that you feel it is a purchase for income only, not gains; do you not feel it has a potential to near double once again over a number of years, even, say ten years, which would still be a first class return for a, hopefully, low risk equity? Thanks, J.