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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: With respect to Ben's question, as long as he keeps documentation of the January 2020 conversion price and his 2020 tax return he will not have to pay double tax on the CG when he does sell BYD. CRA will have that information in their files as well. As long as you have supporting documentation CRA will not double tax you. Ignore the T5008 if it shows ACB of $49. When you call CRA, you typically get the most junior clerk.
Read Answer Asked by stephen on October 15, 2021
Q: Good Morning Peter & Team,

Morgan Stanley called MG an auto supplier standout. MG reports first week November. Are you able to give us an idea what to expect? Positive or Negative???? ... considering the supply chain concerns (now [hopefully] waning) and of course the ongoing chip shortage.

Thanks for all you do

gm
Read Answer Asked by Gord on October 15, 2021
Q: Looking to add exposure to consumer cyclical for an income portfolio, already hold NWC for consumer defensive in the retail space. Secure and growing dividend and low risk are key criteria, would you recommend one of these as a strong buy today and why? Or split the difference and buy both?
Read Answer Asked by Barbara on October 15, 2021
Q: This ETF interests me but I really have very little understanding of convertible bonds. Can this fund be considered a pure fixed income option? Having been burned twice on preferred shares I’m a bit leery on two fronts, investing in things that are neither equity nor fixed income, and investing in things I don’t understand. CVD has held up over the past 5 years while delivering a pretty good yield. What are the risks going forward and would you have any concerns about capital preservation?
Read Answer Asked by Stephen R. on October 15, 2021
Q: Hi Peter, Ryan, and 5i Team,

My wife and I need to reduce holdings in some stocks in our RRIFs to raise enough cash for the mandatory RRIF payments, which in our case is in late December.

Portfolio Analytics allows various ways to rank stocks, so I looked at the column "Total Portfolio Equity Weight" and ranked the stocks accordingly. For example, in my RRIF, my highest weight is with MG, and my wife's highest weight is with GSY. Not surprisingly, Portfolio Analytics also indicates that the Consumer Cyclical sector (MG), and the Financial Services sector (GSY) are overweight in our combined family portfolio (RRIFs, TFSAs, and non-registered accounts).

Is this a good way to determine the stocks that could be reduced to raise the required cash while at the same time putting sector weightings more in line with the recommendations of Portfolio Analytics?

I notice that many members ask questions about their holdings in various stocks, but 5i generally answers that weightings are personal.

Perhaps there's an alternative "rule of thumb" to use when going through this yearly process, and your valuable advice would, as always, be greatly valued.
Read Answer Asked by Jerry on October 15, 2021
Q: Canadian/USA dollar, where do you see it in 6 months/1 year according to economic uncertainty, which currency would you want to be involved in?
thanks
Read Answer Asked by eddie on October 15, 2021
Q: All of the above are existing positions in my TFSA. Which three would you suggest adding to today?
Thanks
Read Answer Asked by Curtis on October 15, 2021
Q: Portfolio Analytics calls for 6% in the Utilities sector, at present made up of 33% Aqn, 33%, Bep.un, 20%Npi, 14% Rnw. Is this diversified enough, a good selection or do you have other suggestions ?
Thank you for your great investing service. Ian
Read Answer Asked by Ian on October 15, 2021
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