Investment Q&A

Q: Hello 5i,
Further to Ken's comment about transferring "In Kind" from an RRSP to TFSA: my wife and I have just completed this process for the second year in a row. We select holdings that we have had to buy in our RRSP's even though they should have gone into a TFSA in the first place - think SIS and VET for example.
The process involves the transfer of the shares first into a margin (non-registered trading) account and then into the TFSA. The Fair Market Value may or may not reflect the current stock quote.
There is definitely withholding tax which is on a sliding scale depending upon the size of the transfer. (We both had a wee bit of extra room, so our withdrawal - contribution was larger than the $6,000.) Also, the withholding tax will be required to be paid as cash, so it is important to have enough cash available in the RRSP account to cover it. If there is not enough cash in your Canadian RRSP side, you will have to either sell something or transfer cash from your U.S. side if you cash available there. It is something that needs to be accounted for in the decision to proceed.
We feel that taking the tax hit now (both retired and under 70) will benefit us in the long run (however long that might be....). We had a long time of benefiting from RRSP's and now it is time to further enhance the TFSA side and reduce the impending limitations that will come with age.
Hope this is of some help to Ken and perhaps others.
All the best for a New Year to all!!
Cheers,
Mike

Q: Good Morning and Happy New Year: I have funds to add to, or start new position in, one of the above companies (I already own a couple of them). If all other factors are not considered, which of these would you recommend with a comment as to why. Also, how would you rate the four mentioned. Thanks, Don

Q: A number of questions on lately on this stock. A few top picks and some say not to buy. What is your opinion on cash flow to maintain the dividend? The call options seem to indicate higher price down the road.

Q: Hello Peter, I own both Dollarama and WSP Global. Both have suffered lately, perhaps even more than the market generally. I still have a long investing timeframe and a balanced portfolio. Would you suggest I hang on to these for better future performance or could the capital be better used in other names. Thank you.

Q: What is your favorite gold mining company at this time and why?

Q: Hello, Happy New Year. What are your thoughts on ALGN? I am down by 50% on this investement from a 40% profit not long ago..I could hold this for the long term or move on to something like JPM(sector not a concern) and this is held in a registered account. Thanks.

Q: If you were on market call today. what would your top three picks be?

Q: Hi Guys! What would your top stock be for 2019?

Thanks!
Dean

Q: What is the last reported short interest in LB?
The volume today is high for this stock.

David

Q: Conservative, retired investor who loves dividends. I am normally a buy and hold investor, who trims-adds around core positions. I have a 3% position in ZWE. I've owned it since Oct '17 and am down 8%, including the dividends. So capturing some capital losses is an option.

Two questions...#1 is regarding the currency hedge. Normally I like the hedge product, since it takes some of the risk out of the investment. Your thoughts of keeping ZWE vs switching to an unhedged version, based on your "currency" crystal ball?

#2 is regarding the prospects for securities within ZWE and the current turmoil in the EU (Brexit, etc.). Has the market already priced in a lot of this turmoil? Should I consider adding or should I accept this is one of those investments that just did not work out and take my losses?

Thanks...Steve

Q: Is this Stock ever going to go up in price , I have had this stock for a very long time their seams to be all kinds of reasons it is not move a great amount is this a dead horse .
Jim.

Q: In view of today’s PR, do you think they take 10m, or go to trial ? If a new trial moves forward, this could drag 2 + years and no guarantee they would get more money, do I read this right ? The stock is down today, so investors did not like the PR.
What’s your take on it ?
Thanks

Q: Is there any news today on LB. The stock is up and on BIG volume?

Q: I like Morguard's distribution, at over 8%. It seems to be fairing well lately, especially in comparison to almost everyone else (CAR and IIP.UN, your preferences in REITs are down 5-6% while MRT is up 7.82%). What do you think of it, and its prospects? Is the distribution safe? Is MRT likely to be needing cash soon? It's up strongly on a strongly down day, which is one of the things I look for in 'safer' stocks.

Q: Happy New Year to all
Is it possible that TSGI could double in a year? And GC as well? Or are your comments about them being favorites saying that growth is there but relative only to the volatility and weakness of other stocks.?? I realise this is a tough call...
Thank you

Q: I'm considering buying HSPX. Doing my research I understand that their strategy is to write out of the money calls which if I'm not mistaken gives more upside to a covered call ETF. Is this both true and a correct assumption ? And also my TD Waterhouse quote shows a yield of 9.5% but when checking various other sites I see from 5% to 7%. What is the real annual yield ? And what is your opinion on this ETF in general ? Thanks Garth.

Q: Hi Group - assuming this market stays choppy and unpredictable it appears the the tech sector may be a good start to generating some cash (I have profits in CSU + DSG + a loss in FB - My question is do I sell now hoping to buy back later a lower price - presently I only have 5% cash in a portfolio worth $1.2 million and am feeling very vulnerable to losing more (presently I am down 18% overall. Is it too late to preserve cash or?

Q: I have 11% ZLU, 19% CDZ, 50% SDY, !% VWO, 15% VEA and 3% CGL in a RIF. I need to sell $12K from a RIF. Is there something you would recommend selling, or just move in kind?

Q: I am mid 60's retired for 10 years and living off our diminishing nest egg. We each about $20k of room in our TFSA's and my question is. Should we transfer $40k out of an RRSP into our TFSA's at this time. We will need the funds to live on over the next year so given we will have to pay the tax anyway and markets are low at this time when a recovery takes place we may save the tax on any capital gains. sage advice please.
Bob

Q: Good morning Everyone at 5i! ABM Industries (US) came across my computer screen and I was wondering what you thought of it as a long term, steady , slow growth , good value ,dividend paying stock worthy of investing in? Cheers, Tamara