Investment Q&A

Q: My question relates to tax loss selling.
I sold two stocks prior to year end for a capital loss. However, the dividend payout after the sale date were automatically reinvested into the same two stocks. I called the discount broker a couple of days after this and had them sell the shares.
Do the reinvestment shares nullify the ability to claim the tax loss for the 2023 tax year?

Thanks for your assistance in advance.

Q: This is a reply to George's question about how to achieve an effective retirement withdrawal plan for your retirement portfolio. The "secret" is to invest in high quality dividend-paying stocks, resist the temptation to make trades, and aim to retire based on the age-based RRIF minimum withdrawal rates published by the CRA. I have been retired for 13 years and followed this strategy with success. My portfolio income in 2024 will be more than double what it was when I retired in 2010 because the % portfolio growth has outstripped the minimum % withdrawal rates. I always intended to write a book about my retirement planning experience, but never got around to it. Maybe I should reconsider, based on George's experience in finding few "how to" guides out there!

Q: Good afternoon 5i
Taxes. If i buy a US stock with US dollars and sell it several years later. What happens. I know that i have to report the sale in Canadian dollars. But, i imagine that i will have to calculate the exchange rates on those two dates, no? It seems odd, since it was both bought and sold in US dollars.
Thanks

Q: Since I cannot find debt level info in your companies database, I am assuming you are getting this info from your Bloomberg terminal. Correct?

Q: Down again on heavy volume. Do you have the means to see if these are borrowed shares for a short attack.

Thanks Steve

Q: Have you any information on this small company producing DC fast charge stations in the UAE?
Is it a scam?

Q: Hi. I understand recently about the partnership conditions for Canadian investors. Td wants me to get a usTIN number. If I don’t do that what happens? Do I get fined? Is my security confiscated? Do I end up in jail? What happens if I just sell the security now?

Q: Hi Gang
Can you give a list of your top Industrial stocks for 2024

Thanks Mike B

Q: hi 5i
Big drop today in 3M ...would you consider this an opportunity to initiate a small position....I read a recent 5i response about contracting valuations and share ownership driven by attractive dividends...does this hold...how do you view dividend safety. and what entry point would you consider ..
thx
jim

Q: Dear 5i
Which of the above listed stocks would you place in an RRSP and which in a TFSA and in what order of preference ?
Thanks
Bill C

Q: With so many houses and condominims to be built in Canada and US which materials
will have extra demand.(Timber?Steel? xxxxxx?

Q: Greetings:
Starbucks seems to have good growth, and cash flow, but negative shareholder equity like most of the tobacco companies. It also seems like they have a problem with CEO'S. Mr. Schultz has to be on call to return when needed. Presently he is retiring from the board. I notice that some members of 5i have shares. Good investment and growth expected? or will it be flat until it finds its bearings.
Thanks, Ben.

Q: May I please have your opinion of Energy Fuels? Are there other uranium stocks of similar size that you would prefer? I have a full position in CCO.
With appreciation,
Ed

Q: How do we get visibility to upcoming IPO's, particularly on the TSX/V? Are there any point of interests upcoming this year? thank you as always.

Q: My daughter is just starting out with a RRSP account. She has some VDY and we would like a suggestion of 5 or 6 non Canadian Vanguard funds

Q: I have held CP for some time now. Although it has fluctuated somewhat, it seems to be range bound. Do you see it having much potential to increase? I am starting to consider swapping it for FSV, which seems to just steadily increase. Any comment on that switch?

Many thanks

Q: I have a few oil & gas producers, actually, mostly oil. These stocks are the biggest weight on my portfolio, some down significantly. I have heard different comments on the outlook for oil...some bullish (eg seasonal factors), some bearish ( large US shale production. What is 5i's best assessment of where things are going for oil stocks?

May thanks.

Q: BMY:

1 What is your current assessment of BMY?

2. Its share price has dropped in the last year. Does it have reasonable prospects to increase from here?

3. It has a somewhat attractive dividend, around 4.75%. Is that sustainable? Does it have any history of dividend increases?

4. Can you describe its pipeline potential?

Many thanks for your excellent service.

Q: Dear 5i team.
What are some of the questions you would ask before making an investent in a startup that is private at this stage. (consumer products co)
The goal of the startup is to go public ASAP, assuming this means 1 yr or so.
Appreciate your input.

Q: What percentage of homes etc are in the USA vs Canada. Would Canadian Government interfere ? I thought most assets are in USA

RAK