Q: would you initiate a position in Magna today?
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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: Both MG and GSY have receded from lofty levels, but are still up considerably. Do you think current prices are good entry levels or would you wait for a further pullback?
Thanks
Thanks
Q: These three companies are a part of balanced equity model portfolio as of last report. All three are down somewhere in the range of 15-20% since April 30. Do you still like/recommend them (i.e. are they still a "buy") or there is a change in your views and you are going to dump them and replace in BE portfolio?
- Methanex Corporation (MX)
- Vermilion Energy Inc. (VET)
- NFI Group Inc. (NFI)
- Great Canadian Gaming Corporation (GC)
- Magna International Inc. (MG)
Q: Hi 5i,
My question is in regards to tax loss harvesting. I am down, in our non-registered accounts, anywhere from 10-30% on Magna, Methanex, NFI, Vermilion, and Great Canadian Gaming.
I like all of these companies and would like to have them in my portfolio as long term holds. My time horizon is years, if not decades. I don't mind the volatility of these stocks at all, nor do I mind being down (on paper) significantly at any point in time with them - I understand these are cyclical names. Dividends, and dividend growth, from most of them ease any short term frustration.
All of that said, would you recommend crystalizing a loss on any of the above? Do you see any catalyst for short term price jumps (earnings?) that may cause me to get caught buying back in at a higher price in 30 days? And if harvesting a loss is the way to go, would I be better off keeping the proceeds in cash to buy back in after waiting? Or park it in comparable securities? If so, any suggestions?
Dollar-wise, the amounts are significant enough that trading costs aren't really material. The only other variable I should mention is that I don't have any capital gains (realized) to use the losses against, so it would just go "in the bank" to be carried forward to the future.
Lots of parts to that question so deduct credits as necessary.
Thanks, enjoy the long weekend!
My question is in regards to tax loss harvesting. I am down, in our non-registered accounts, anywhere from 10-30% on Magna, Methanex, NFI, Vermilion, and Great Canadian Gaming.
I like all of these companies and would like to have them in my portfolio as long term holds. My time horizon is years, if not decades. I don't mind the volatility of these stocks at all, nor do I mind being down (on paper) significantly at any point in time with them - I understand these are cyclical names. Dividends, and dividend growth, from most of them ease any short term frustration.
All of that said, would you recommend crystalizing a loss on any of the above? Do you see any catalyst for short term price jumps (earnings?) that may cause me to get caught buying back in at a higher price in 30 days? And if harvesting a loss is the way to go, would I be better off keeping the proceeds in cash to buy back in after waiting? Or park it in comparable securities? If so, any suggestions?
Dollar-wise, the amounts are significant enough that trading costs aren't really material. The only other variable I should mention is that I don't have any capital gains (realized) to use the losses against, so it would just go "in the bank" to be carried forward to the future.
Lots of parts to that question so deduct credits as necessary.
Thanks, enjoy the long weekend!
Q: Is this a good time to top up a position in Magna or will you be adjusting the allocation % down in the balanced portfolio in coming months?
Q: After bad Q, Magna continues to take a beating in this
volatile market. Should I dump it and wait for better times? Or is the auto sector ever going to see better times?
Carl
volatile market. Should I dump it and wait for better times? Or is the auto sector ever going to see better times?
Carl
Q: Can you give your top 3 stocks in Canada and US that you would pickup if the market turbulence continues this week?
Thanks,
Thanks,
- Bank of Nova Scotia (The) (BNS)
- Sun Life Financial Inc. (SLF)
- TELUS Corporation (T)
- CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
- Methanex Corporation (MX)
- Magna International Inc. (MG)
- Open Text Corporation (OTEX)
- Premium Brands Holdings Corporation (PBH)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Savaria Corporation (SIS)
Q: I have decided to only keep a few stocks and follow the Growth ETF Portfolio. Of the 10 stocks I have mentioned above 9 are listed in your BE Portfolio with the exception SHOP. All have done very well for me SHOP up 568%, CCL,B up 180% ,SIS up 159%,MG up 112% and the rest all up between 11 and 42%.So my question is do I keep them all? Sell some ? Any suggestions appreciated.Paul
Q: Regardless of size, safety or anything else, who has more growth over a three year period, thanks?
- Enbridge Inc. (ENB)
- Manulife Financial Corporation (MFC)
- Sun Life Financial Inc. (SLF)
- AltaGas Ltd. (ALA)
- Cineplex Inc. (CGX)
- Magna International Inc. (MG)
- Savaria Corporation (SIS)
- Spin Master Corp. Subordinate Voting Shares (TOY)
- Nutrien Ltd. (NTR)
Q: Hi Peter/Ryan
I am buy & hold investor. With quarterly results out for couple of mentioned companies, do you think any of these stocks don't fit in that category anymore irrespective of sector or there are better ones ?
Thanks
I am buy & hold investor. With quarterly results out for couple of mentioned companies, do you think any of these stocks don't fit in that category anymore irrespective of sector or there are better ones ?
Thanks
Q: Would you buy Magna at this level? Can you please comments earning and valuation?
Q: Why the large drop in Magna this morning?
- CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
- Stars Group Inc. (The) (TSGI)
- NFI Group Inc. (NFI)
- Boyd Group Income Fund (BYD.UN)
- BRP Inc. Subordinate Voting Shares (DOO)
- Magna International Inc. (MG)
- Spin Master Corp. Subordinate Voting Shares (TOY)
Q: I need to sell some of my consumer cyclicals for portfolio balancing
I hold BYD.N, DOO, CCL.B, MG, NFI, TOY, TSGI
In what order would you suggest I sell them in and why.
Is there one that is not on this list that I should be holding?
Thanks
I hold BYD.N, DOO, CCL.B, MG, NFI, TOY, TSGI
In what order would you suggest I sell them in and why.
Is there one that is not on this list that I should be holding?
Thanks
- Ford Motor Company (F)
- Magna International Inc. (MG)
- BYD Co - Class H (BYDDF)
- NIO Inc. American depositary shares each representing one Class A (NIO)
Q: On reviewing your responses, I noticed your preference of BYD. Meanwhile, NIO has taken a dive, although this co seems to get also support. How to proceed on these two companies, buy/hold/sell? Would investment in MG or even Ford be preferable?
Thank you for your input!
Thank you for your input!
- Bank of Nova Scotia (The) (BNS)
- BCE Inc. (BCE)
- Enbridge Inc. (ENB)
- Canadian Imperial Bank Of Commerce (CM)
- TC Energy Corporation (TRP)
- Sun Life Financial Inc. (SLF)
- Brookfield Renewable Partners L.P. (BEP.UN)
- Canadian Utilities Limited Class A Non-Voting Shares (CU)
- First Capital Realty Inc. (FCR)
- Methanex Corporation (MX)
- Magna International Inc. (MG)
- Thomson Reuters Corporation (TRI)
- iShares Russell 2000 Growth ETF (IWO)
- BMO Aggregate Bond Index ETF (ZAG)
- iShares Core MSCI EAFE IMI Index ETF (XEF)
- iShares Global Healthcare Index ETF (CAD-Hedged) (XHC)
- Vanguard FTSE Emerging Markets All Cap Index ETF (VEE)
- Vanguard U.S. Dividend Appreciation Index ETF (VGG)
- iShares Interest Rate Hedged High Yield Bond ETF (HYGH)
- Nutrien Ltd. (NTR)
Q: Thank you for for answer yesterday about setting up my parent's investments. To summarize, they are very conservative, above 80 years old, and looking for safety and income.
I would now like to ask you about the distribution of the equity component of the investments (composing only 17% of the total, the rest being in bonds, preferred, and GICs). Those below are all in equal weight. What do you thing?
BEP.UN, BCE, BNS, CM, CU, ENB, TRP
XHC for healthcare exposure
IWO for US growth
VGG for US exposure
XEF (in a half position) for international exposure
VEE (in a half position) for emerging market exposure
Could you please suggest some more to round things out? I need another 5 or 6 stocks.
Also, do you have any objection to using ZAG and HYGH as bond substitutes for their conservative portfolio? I am buying individual preferred shares for that component.
Thank you once again,
Fed
I would now like to ask you about the distribution of the equity component of the investments (composing only 17% of the total, the rest being in bonds, preferred, and GICs). Those below are all in equal weight. What do you thing?
BEP.UN, BCE, BNS, CM, CU, ENB, TRP
XHC for healthcare exposure
IWO for US growth
VGG for US exposure
XEF (in a half position) for international exposure
VEE (in a half position) for emerging market exposure
Could you please suggest some more to round things out? I need another 5 or 6 stocks.
Also, do you have any objection to using ZAG and HYGH as bond substitutes for their conservative portfolio? I am buying individual preferred shares for that component.
Thank you once again,
Fed
Q: Any idea what the recent rise in Manga is all about. Do you see it continuing? Would you sell or hold or maybe sell some (at a profit) at this point or buy more?
- Stars Group Inc. (The) (TSGI)
- NFI Group Inc. (NFI)
- Magna International Inc. (MG)
- Spin Master Corp. Subordinate Voting Shares (TOY)
- Transcontinental Inc. Class B Multiple Voting Shares (TCL.B)
Q: Hi Guys,
Should have provided a little more background on my earlier question about risk in the above Consumer Cyclical stocks.
1) I'm happy with sector weighting, and want to keep it at 15% ish. I want to hold these stock for 10+ years while they grow.
2) My view of risk was around which companies would be in trouble given company specific risk like bad takeover, too much debt...etc. I'm not concerned about market downturn as I've been through several and good companies will survive.
3) In order to keep my weighting I was looking for replacement ideas for the riskiest stocks.
Thanks,
Chris M
Should have provided a little more background on my earlier question about risk in the above Consumer Cyclical stocks.
1) I'm happy with sector weighting, and want to keep it at 15% ish. I want to hold these stock for 10+ years while they grow.
2) My view of risk was around which companies would be in trouble given company specific risk like bad takeover, too much debt...etc. I'm not concerned about market downturn as I've been through several and good companies will survive.
3) In order to keep my weighting I was looking for replacement ideas for the riskiest stocks.
Thanks,
Chris M
- Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
- Constellation Software Inc. (CSU)
- Brookfield Renewable Partners L.P. (BEP.UN)
- Algonquin Power & Utilities Corp. (AQN)
- Magna International Inc. (MG)
- Open Text Corporation (OTEX)
- Brookfield Infrastructure Partners L.P. (BIP.UN)
- Nutrien Ltd. (NTR)
Q: I own several Canadian stocks in my TFSA that pay dividends in USD. Are the dividends eligible for the Canadian dividend tax credit?
- Stars Group Inc. (The) (TSGI)
- NFI Group Inc. (NFI)
- Transcontinental Inc. Class A Subordinate Voting Shares (TCL.A)
- Magna International Inc. (MG)
- Spin Master Corp. Subordinate Voting Shares (TOY)
Q: Hi 5i,
Looking to reduce some of the risk with the above Consumer Cyclical stocks, I'm currently at 14% portfolio weight with each of the stocks equal in sector weight.
How many would you keep, consolidate and/or replace with new to be sector diversified with less risk?
Thanks,
Chris M.
Looking to reduce some of the risk with the above Consumer Cyclical stocks, I'm currently at 14% portfolio weight with each of the stocks equal in sector weight.
How many would you keep, consolidate and/or replace with new to be sector diversified with less risk?
Thanks,
Chris M.
- Constellation Software Inc. (CSU)
- Gildan Activewear Inc. (GIL)
- Methanex Corporation (MX)
- Magna International Inc. (MG)
Q: I was wondering if you could recommend some stocks that trade on the tsx that pay dividends in US money. I believe pif does, could you name some others.