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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,
Looking for a suggestion on a new name to add to RDSP portfolio. Prefer individual stocks over ETFs. Currently approximately equal weight: AAPL, BNS, CXI, GUD, KXS, NFI, PBH, SHOP, SIS, TOY, and cash. Looking for a portfolio addition to invest the cash in. Time frame is: 4 year old beneficiary withdrawing at age 50+. Current names reflect risk tolerance, and plan is to diversify with names as new money is added to the account
Any suggestions greatly appreciated.
Thanks
John
Read Answer Asked by John on January 04, 2017
Q: Earlier today part of your reply to a security question was: "On any account there is, at first, insurance protection through the Canadian Investor Protection Fund, up to $1 million". What is an account? At TD they breakout you account into tfsa, rrsp, us, and Canada. Are these each individual accounts? As well you can have another account number with a similar breakdown. Would that account be covered by a separate $1,000,000 insurance? Would it then be wise to open another account at another broker, if you liquid assets exceed $1,000,000. Thanks, Mark
Read Answer Asked by Mark on January 04, 2017
Q: Les'question today about Alcoa - I think it may be a bit more complex. Alcoa first did a reverse 1 for 3 split and then days later spun off 1 share of a new company for every 3 of the new shares of Alcoa. At the same time they named the new company Alcoa and the old company Arconic. Les' BV for Arconic should be the old Alcoa BV (before the 1 for 3) and his $2,000 BV for the new Alcoa is the BV of the spinoff, so adding the two together he should have GAINED $2,000 in overall BV (probably temporarily). There may be no tax implication for a Canadian holder IF CRA eventually approve the spinoff under S86.1 (they haven't yet, so Les may find the $2,000 reported as a taxable stock dividend in a T5). If and when they do approve Les will have to advise CRA how he wishes to proceed under S86.1 - see an accountant or google several good articles on foreign spinoffs. I intend to file assuming approval and ignoring any stock dividend with an accompanying letter to CRA electing to defer tax and at the same time reducing the Arconic BV by the amount of the new Alcoa BV thus cancelling the temporary increase in BV. Worked for me before on HPQ/HPE and DHR/FTV. Hope this helps.
Read Answer Asked by Fraser on January 03, 2017
Q: Happy New Year!

I am looking to buy a technology stock. Which of these two names would you prefer or is there another name you would suggest? If you had the option would you buy this in a TFSA or investment account?

Thanks
Read Answer Asked by Amy on January 03, 2017
Q: Hello! I have received a decent sized amount of gifted funds (decent sized relative to my existing portfolio). I plan to spread it across my holdings which are almost entirely made up of the BE Portfolio. I know that usually January can be volatile. Would you 1) hold onto the gifted amount in cash for now and deploy later when the markets calm (February for example), 2) deploy now, knowing January can be volatile? Or if there is a better method you would recommend? Thanks!!
Read Answer Asked by Michael on January 03, 2017
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