Investment Q&A

Q: I’d appreciate your thoughts on the healthcare company Certara (CERT).

Q: Last year I chose my bank investment by choosing the worst performer from the prior year. I di that wih CM and had a retun of almost 16%.

For 2024 it seems like a nose to nose rate for the worst performing Canadian bank between BNS and TD.

Can you confirm that as of December 29th which was the worst performer?

With Thanks and Happy New Year.


Sheldon

Q: In my US denominatedm growth-focused TFSA, I own CRM, PYPL, TOL, AAPL, GOOG, ADBE, QCOM, and NVDA. It is time for me to make my annual contribution.

I am underweight PYPL; should I add to it or replace PYPL with something else? If I should replace it, please suggest two or three good candidates for long-term growth, US-based, sector/cap size unimportant, risk profile somewhere between that of your growth and balanced portfolios. If I remove PYPL, I'd rather add a new position than add to one of my current positions.

In your answer, please do not include MSFT, IBM, PFE or MDT, since I have full positions in these in my other accounts.

I've been a 5i member since 2016 and have been served well by your service; thanks for a great seven years. I remember starting a position in CSU at around $600 and thinking I was 'too late'.

Wishing 5i and all its members all the best for a prosperous 2024.

Q: Are US divdends from a US stock (e.g. MO) taxed sheltered in an RSP or will I have to still pay 15% witholding tax?

Q: My wife is going to do an “in kind” transfer from her RIF to her TFSA. She is looking for best total return on a 3 to 5 year hold. Please rank these companies with a few pertinent comments.
Again - much appreciated. ram

Q: Hi 5i,
In looking at decreasing the number of owned stocks, would you have a preference between NVDA and ASML for a long term hold? A bit of explanation for reasons would be helpful.
Thanks.

Q: Hi 5i,

Given the large percentage increase over the last year do you feel that NVDA still has the possibility of reasonable growth over the next 3 to 5 years?

Q: I am going to do an “in kind”transfer from my RIF to my TFSA. Looking for best total return on a 3 to 5 year hold. Please give me your ranking with a few comments. Much appreciated. ram

Q: I am considering investing in Fair Isaac. Could you please offer your comments on this company and whether or not you consider it a good investment. Your comments would be appreciated. Thank You.

Q: Good Morning 5i Team,

1. Is the capital gains tax the same on CDN and US stocks in a cash account?
2. Does one pay more tax selling US stocks with no dividends in an RSP or cash account?
3. Are the dividends from preferred shares eligible for a tax credit? Or does it depend on the offer?

Delete question credits as required.

Thank you and keep up the great work.

Q: Hello, As a result of the spinoff I own BAM and BN.. As I understand it: BN remains BAM’s largest shareholder with a 75% ownership stake. And since BN has exposure to several business sectors, I am thinking of keeping my 1100 shares of BN and sell the 275 shares of BAM?
Your thoughts?
Thanks
Carlo

Q: Peter,

As tax loss selling abates, what are your top five candidates for a bounce back in the new year?

Thanks for your great service,

David

Q: Cheers to 5i for the New Year!

Bloomberg December 29, 2023:

"Dollar bears - A weaker dollar is the expectation for 2024 of most analysts surveyed by Bloomberg amid forecasts that the Fed will lead the way among rich peers in cutting interest rates and that a soft landing in the US's economy will encourage investors to seek risk away from its shores. But strategists at JPMorgan Chase and HSBC are among those who reckon the greenback could still strengthen because the rest of the world will end up needing to reduce rates more to aid their economies. "

https://www.bloomberg.com/news/articles/2023-12-14/usd-will-surprise-again-with-strength-as-global-economic-slowdown-looms

Q For 5i: Thoughts on weak $USD thesis relative to $CAD in the short, intermediate, and long term? Do you believe the US FED will cut further or faster than BOC? How does the 5i team see CAD/USD going forward.

i.e. if owning both USD and CDR versions of the same equity, where could one consolidate into, etc.

Q: Hi Peter, I would appreciate your opinion of this new player in the crypto space.

Many thanks for your great service and best wishes for the holiday season,

David

Q: Good morning your thoughts on exk :us

Q: I need to gradually raise cash over the next 6 months and am operating on the assumption that interest rates will begin a to decline in late Q1, I would only like to sell those holdings that are less likely to do well in a declining interest rate environment. Please rank each of these holdings from "Sell Now - least likely to benefit from a declining rate environment" to "Avoid Selling - should do very well in a declining rate environment". AQN, BCE, BN, BNS, DSG, ENB, GSY, KXS, NTR, PBH, TCN, TD
Thanks...Glenn

Q: What are your views on Spin Master as a long-term investment? I've held it for a couple of years and it hasn't done much. It seems like they are a well run company and their recent acquisition strikes me as a good one. But will the stock deliver comparably solid long term returns or should I move on?

Q: I hold TD in my portfolio. I've read a couple articles recently highlighting that RY has performed much better than TD in recent years, pointing to RY's higher ROI investments (i.e. focusing on Canadian operations and US Wealth Management) relative to TD (i.e. focusing on US Retail banking, and their recent failed acquisition).

What are your general views on this comparison from an investing perspective and would you replace TD for another Canadian bank such as RY? Which of the Canadian banks would you select as a long-term "set it and forget it" investment based on sound management and, of course, expected stock returns.

Q: Hi Guys,

My question is revolving around an article or a webinar that you've done or planned to do on the 2024 outlook. Best categories, interest rate outlook etc etc.

If you've done such please send me the link. If you haven't do you plan to do something like this?

Sheldon

Q: My wife owns the stocks above. She is looking to add 1 to 2 more stocks in the new year. Can you recommend a couple us and Canadian?