Investment Q&A

Q: Selling BN:US for Tax Loss. Please suggest a proxy - I plan to buy it back after 30 business days.

Q: In several of your responses you have stated that "BN will be more growth oriented, BAM more income-oriented. " You also state "We like BAM at the current price, with an attractive and secure dividend." However, TD Webbroker shows BAM with no dividend whereas BN shows a yield of 1.77%. Am I missing something here? Thank you.
Dennis

Q: I am a “dividend + revenue” investor, considering the high volatility, recession risks, and inflation, these are my main "moves" in 2022 :

1) Sell most of smaller Cies stocks
2) Keep selected larger Cies stocks considered to be in a good financial and strategic position
3) Keep various REITS like data centers,real estate,etc.. (no shopping centers,since on line shopping is increasing)
4) “Accept to sell” (with high profit though) some excellent large Cies stocks in order to Increase the proportion of selected ETFs (dividend and/or dividend growth), including US ETF in RRSP
5) Keep a significant proportion of utilities ETF, and Canadian financial ETFs
6) No fixed income, no bonds,and no fixed income ETF ( I wish to equal or beat inflation if possible, plus the fact that fixed income products are not easy to trade and to manage ,except for experts)
7) Increase the proportion of covered call ETFs in order to better resist to volatility and to maintain stability of revenues
8) Keep closed-end funds and split-share corporations (in a small proportion)

What are the weak points, any adjustment suggested?

Thanks, you are always very helpfull to “refine “ researchs according to various strategies

Q: Any co. specific reasons for sharp drops on these companies besides tax loss selling. Pltr - 7.92% with $6.35 new low, Eglx 8.2%, Dir.un 2.9%, Stc 6.9%. When does tax loss selling finishes & will the bulk be done by friday this week? Txs for U usual great services & views

Q: I am selling one or all of TVE,AC,KXS for tax loss. All are down similar amount . Would you please list from first to last your preference for disposal.

Q: Hi 5i,
I wonder if you could give us some guidance. My wife holds the above in her RSP, with all being more or less a full position except for ENB at 2X, BCE, CM, and SU at 1.5X each and CHR and DXT at .5X each.
She has until the end of 2024 to convert to a RRIF and currently has $40K to contribute to her RSP and has the room for that contribution.
She would like to invest in some different names, or divest/reinvest in those she has, with an eye to maximizing value before the conversion to a RRIF and to continue thereafter. She's not asking for much - just safety, capital appreciation and income ...!
Based on this info, can you offer any thoughts on new names to add or which of the existing to either pull back on, or dump entirely if that extreme measure seems warranted?
Thank you 5i, and we wish you all an excellent holiday season.
Peter

Q: Hello,
Looking at doing some tax loss selling. Could you please rank the following: AT, BYL, KTOS, COIN, NVTA, NIU and U.
Thank you

Q: Which shares are BNRE exchangeable for, BN or BAM

Q: Hey guys
My question is about fixed income.
Either in my RRSP or taxable accounts I’m considering buying some GICs.
My thinking is I may be better buying triple b or better corporate bonds yielding close to the same yield but might have the capital appreciation and liquidity if rates start sliding, or hold till maturity!
Does this make sense or?
Thanks
Peter Snethlage

Q: Would you recommend CSX on a 2 year horizon. Or some of it`s competitors like CN or CP. Or not consider the space at all.

Q: What are your thoughts on the Magna purchase of Veoneer?

Q: I understand that you recommend VOO for S&P 500 coverage. I understand that this etfs weighting of companies is based on capital value. Which equivalent-weight etf would you recommend in its place?

Q: I hold the above within a RRIF. In total they are now worth $49K cost was $64K, current income approx $2K.

What do you think about selling them all and reinvesting in AAPL, MSFT, BRK and AMZN. Any alternatives you can suggest. I don't mind forgoing the income.

Q: WSP was cut to a sell by Veritas yesterday. Do you know the reasoning behind that? Is it valuation, outlook etc?

Sell is pretty rare amongst sell side analysts, what do you think has changed and how do you now feel about WSP? Buy, sell or hold?

Sheldon

Q: In my RRIF I own shs in Bip.un and Bepc.
Would It be better for a combination of growth,income and more variety of assets to switch the above to Bam?

Q: Hi Peter and Staff

Add me to the list of dazed and confused .

I thought the new spin out was BAM , will distribute 90% of earnings from “asset management” and be “asset light”

How can their significant holdings in BIP and BEP be under BAM?

What does BN own ? Looking forward to that report you are working on .

Thanks for all you do
Dennis

Q: Trying to wrap my mind around Well. It’s current financial status and future potential. Are you able to outline balance sheet, cash flow, profitability, growth and upside potential etc. Isn’t this a good sector to be in during these times? It looks significantly discounted from where it was. What are the risks. Thx.

Q: What is the advantage of tax loss harvesting if one has not recorded any capital gains in the previous three years. If I sell something at a loss I can carry forward the loss indefinitely. No rush to sell winners in this case.

Q: Hi team
Small cap holding as a turnaround play and management has indeed turned them around. Profitable again on much lower sales however. What are your thoughts on this small Quebec company?

Q: Good morning 5i,

I have a question regarding the PSA ETF. There will be a change in January in the nature of the ETF, for me who owns a significant amount in PSA, will this change anything in regards to its safety or any other drawbacks (or benefits). I would appreciate your informed opinion.

Posted by Purpose Investments on Nov 22nd, 2022 —
Purpose Investments Announces Fund Merger of Purpose Money Market Fund into Purpose High Interest Savings ETF and Name Change of Purpose High Interest Savings ETF

Purpose Investments Inc. (“Purpose”) today announced its proposal to merge Purpose Money Market Fund (“PMT”) into Purpose High Interest Savings ETF (to be renamed Purpose High Interest Savings Fund) (“PSA”) (the “Merger”) on or about January 27, 2023 (the “Effective Date”). These funds are designed to provide investors with monthly income while preserving capital and liquidity by investing in high interest deposit accounts. The Merger is being implemented in order to more effectively and efficiently manage the fund portfolios as well as to reduce costs for the benefit of unitholders.

The Merger will be implemented on a tax-deferred basis. Following the Merger, PSA will continue to provide an opportunity for preservation of capital and liquidity and monthly distributions.

As a result of the Merger, holders of Class A units and Class F units of the Fund will become holders of Class A units and Class F units, respectively, of PSA on the Effective Date. The change of name of PSA to Purpose High Interest Savings Fund is expected to be effective on or about January 13, 2023.

Thanks