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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: Bonds / fixed income are down substantially
Do you see a recovery in their values in 2023 and can you support your view
Thanks
Read Answer Asked by Indra on December 16, 2022
Q: These 4 are currently losers in Registered Accounts.
Time to sell and move on or continue holding?
Read Answer Asked by Richard on December 16, 2022
Q: I am a retired dividend growth investor. I have large long term positions in BEP and BIP. which have done very for me. I have been watching the spin-off of BAM with interest and particularly like their targeted growth rate of 15-20% for distributions. I am concerned with overlap given my current large holding of BEP and BIP. However having waded through the documents it looks like BAM's holdings of BEP and BIP are modest at 25% of 48% and 27% respectively. It appears to me that buying BAM would give me exposure to Private Equity/Real Estate and Credit as well as a heavy weighting to fee related earnings - which I don't have now and that the overlap of BEP and BIP holdings is not that big a deal. Is this a fair conclusion??

Also - in your response to Chris on 12/14 you quote a dividend rate of $1.32 - can you please advise if that is $US or $CAD. I assume it is for the BAM on the TSX??


Thanks
Read Answer Asked by Gary on December 16, 2022
Q: My two underperforming energy E&P stocks are CNE and PXT. Both seem restrained by their activity in Columbia, with the hostile new prez and increased taxation. What I think I know is as follows:

CNE is primarily nat gas, provides decent production reports and projections and is working to supply more regions via a pipeline project, paid for by and built by a Chinese partner, and scheduled for operation by 2024. CNE has more debt than peers, but largely at a fixed rate until 2028. Notwithstanding that they trade at 1.52XCF, yield >10%, have reduced their share count steadily through modest buy-backs and have optimistic guidance, the stock has steadily fallen to the point that I’m now down 43%! Thus, I could exploit a loss.

I’m still up somewhat on Parex, which has great financials and outlook, and seems widely loved by analysts, though this is not reflected in the recent price action. Parex is primarily oil, but in their most recent report, they note Columbia’s growing demand for nat gas and say that they plan to do more in that direction – supporting what Canacol has said. I have a modest gain on Parex, though the stock has performed poorly relative to its Canadian-based peers – thus no tax loss to be harvested, and delaying a sale until after tax loss season could be contemplated.

Am I missing something about one or both of these companies, or are they just mispriced? Sell CNE now and PXT later, or hold on?
Read Answer Asked by don on December 16, 2022
Q: I thought CPI was the root of all the evil afflicting this market and to me this was confirmed Nov 10 and 11 when the market rocketed upward apparently based on not a bad Oct cpi. Then we get an even lower cpi for Nov (on Dec 13) but then followed by 2 days of fairly hard down markets. What is your take on this? I know the rate hike and fed comments were in there too but to me they were all pretty much in the expected range. And it's not like talk of a recession is news. Thank you.
Read Answer Asked by William on December 16, 2022
Q: This is my selection of stocks for steady revenue (and secondarily potential growth) .Since a serious economic crisis is not excluded in my opinion ,I now plan to : 1) only keep Cies at low risk to become out of business and that should maintain dividends, based on their history and financial strength , and to : 2) sell the other stocks to buy ETF instead..

Wich stocks can be "relatively safely" kept at long term for this purpose ?
Read Answer Asked by Jean-Yves on December 16, 2022
Q: Can you dumb down the non-cash distribution capreit announced tonight?

For me specifically, I hold it within a TFSA - what can I expect? Don't hold enough shares to even accumulate what would amount to one share, thought I might have understood that completely wrong as I guess no one is actually gaining shares?

Thanks in advance
Read Answer Asked by Jeff on December 16, 2022
Q: So where is that market report/Dec. 13 available on your website to read that the other member/Iulian praised so much?
Read Answer Asked by Mirjana on December 16, 2022
Q: Commodity prices are not in fear of inflation Normally they would plunge as they have in the past.
When rates are high,there's a tendency to refuse to lend interbank ,which is one factor which tends to lead to a recession. But refinancing mortgage s or corporate debt at higher rates is normal. Commodity prices and interest rates are not the issue this time around, so would labour costs and corporate profit margins be more to blame for our inflation problem?.if so, how do you control these issues?
Read Answer Asked by adam on December 15, 2022
Q: Good morning. When Brookfield announced they would create Brookfield Corp, I doubled my BAM.A holdings to get a larger base in the new entity. Looking at the market activity after the fact would you sell the added BAM.A and buy the new entity for an even larger position or allocate the funds elsewhere?
Sorry just thought of this I've modeled a dividend portfolio for my son to enhance his retirement. I've included XBB for a bond position. My question am I being to cautious? Would you ignore them entirely or do a 70/ 30 conventional split? Any other bond funds you would consider? Merry Christmas
David
Read Answer Asked by David on December 15, 2022
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