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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: I hold these in my TFSA. Do you think this is the best type of account to hold these in? Also, do you feel that these would be higher risk stocks compared to the general market as there seems to be a real estate bubble and would these come down exponentially more if / when there is a correction?
Thanks.

Read Answer Asked by Bill on June 03, 2021

Q: How would you go about identifying a proxy to the Canadian residential real estate market? Ultimately, I would like to short the real estate market but can't seem to design the trade. Any guidance would be helpful.

Read Answer Asked by Robert on May 25, 2021

Q: I am fairly new to DIY investing and 5i. Have really appreciated the knowledge I am accumulating from your subscription. I am overweight in financials and would like to reduce. Currently own MKP (7%) and AI (2%). Could you give me your thoughts on these companies and rank them in order of “dividend safety/growth”? Thank you.

Read Answer Asked by Judy on January 07, 2021

Q: hello
What are your thoughts on MIC's these days? For income of course.
Could you please rank them in order of "distribution" safety?
Thanks

Read Answer Asked by Carlo on September 29, 2020

Q: Thank you for your answer; between those companies, which one are your favorite for holding in the long run and would it be relatively safe to invest in them ? I only know personally fiera and keyera.

Read Answer Asked by jean on July 13, 2020

Q: Hi Peter,

Atrium announced yesterday that it will redeem its convertible bonds a month early (from end of June to beginning of May 2020). What is the purpose of this? Also, is it common for companies to have double digit dividend yields and not have any cuts? I understand that mortgage investment corps are more unique as they have to pay out all of their income which explains the high payout ratio (it's expected).

Read Answer Asked by Tait on April 03, 2020

Q: Hello 5i Team

Could you please provide an update on the mortgage investment corporation.
Are they a reasonable source of higher yield interest income?
The four MIC and First National have suffered the declines similar to the market.
These investments would be held in my RRSP for long term interest income and not for capital gains. These would be a small portion of my high yield fixed income portfolio which includes corporate bonds and convertible debentures.
How did MIC fare in the low interest rate environment after the 2008 crash / recession as most stock charts only go back 10 years.
Thanks for the excellent advice in the last four weeks with all the market changes.

Read Answer Asked by Stephen on March 26, 2020

Q: Hello 5i Team
I am reviewing alternative high yield C$ investments for my RRSP for a small portion of my fixed income (< 5% of total portfolio ).
Looking at the publicly traded mortgage investment corporations (MIC) on the TSX - of the four listed, which would be your preferred choice and/or ranked in order.
Are there any other MIC listed on the TSX?
Could you also confirm that "dividends" for MICs are considered as "interest" if held in a non-taxable account.
Thanks in advance for the great service.

Read Answer Asked by Stephen on July 03, 2019

Q: Hi – what is your general view of the MIC’s now, for TFSA or RSP.? Which MIC do you prefer if any? Can you please rank the three listed and indicate if there’s a different one that you prefer. Thanks.

Read Answer Asked by Kirk on December 17, 2018

Q: Hi Team,

What are some "safer" stock picks in the current market conditions?
I would expect AI.TO (Atrium Mortgage Investment Corp) to benefit from the rising rate environment. As interest rates rise, the credit worthiness of the Big Banks potential customers will be more scrutinized and therefore applicants such as building developers would have to look elsewhere for financing such as Atrium. These applicants (although rejected by Big Banks) would have better credit worthiness than Atriums current customer base and over time I would expect that the average credit worthiness of Atriums loan base to increase (given that the life of majority of the loans are1-2 years, a quick shift in borrowers is not unlikely). Historically, Atrium had a loan loss provision of less than 1.2% and normally has 75% loan to value cap. Please can I have your thoughts?

Read Answer Asked by Darrel on October 11, 2018