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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: Hi, I am looking at topping up my TFSA with a transfer in kind from a cash account. I realize that doing so with a profitable holding will trigger a capital gain, so am wondering about transferring stock that I currently show a loss on. Granted it is a paper loss and I do not wish to sell the stock outright as it is NVDA. Would the same be true here in that I will trigger a capital loss, because technically the holdings are sold in the cash account and bought again in the TFSA? If so, then it seems like an interesting option - would you agree? Or is there an alternative you would suggest that is better? As always, your thoughts and input are greatly appreciated.
Happy New Year!
Dawn
Read Answer Asked by Dawn on January 05, 2021
Q: If I open an TFSA in my Wife's name and borrow from bank $75,000.00 (LOC)n my name to buy stocks ,, can the banks interest be deducted from my Annual salary or Cash account dividends as an expense.? I have my own TFSA. Is their such a thing as a "spousal" TFSA.
HNY...CEC
Read Answer Asked by Cecil on January 05, 2021
Q: I am a snowbird and require income in US funds. With the recent weakening in the US dollar is now a good time to convert some Canadian currency assets into US currency assets. What are your thoughts on the Canada USA exchange rate has it peaked or will the Canadian dollar stronger?


Thank you


Steve
Read Answer Asked by Stephen on January 05, 2021
Q: The geography of the following according to my Alpha-Balanced portfolio are US.
BEPC-3.55%: CRWD-3.42%: VFV-3.59%:VEEV-1.99%: VGG 3.95% for a total of approximately 17%. I would like to increase this to approximately 25%.
In addition to the above I own the following dual listed stocks.
LSPD-10.28%: SHOP-5%: T-3.61%
Moving cash from unregistered C$ to unregistered U$ account. Would you consider adding to any of the above or do you have an alternate suggestion,
In the portfolio I’m overweight tech & industrials.

Underweight materials and energy. Not a fan of oil or gold .

Roy
In addition I own the following that have dual listing.
Read Answer Asked by Roy on January 05, 2021
Q: Can you please recommend the best cyclical-value stocks to buy now? If possible, 5 Canadian and 5 US stocks.
Thank you!
Read Answer Asked by Grant on January 05, 2021
Q: Peter; If the Georgia election is “ overwhelming “ in the Democrats favour - basically rejecting the Trumpaffoon - is this a market changer and possibly the end of the clown politics? Crystal ball question I realize. Thanks . Rod
Read Answer Asked by Rodney on January 05, 2021
Q: I'm currently trying to diversify my RIF account for 2021. I've trimmed some over weight holdings to free up some cash. I have NA covered with stocks in Canada and a couple of ETF's for the US but, nothing for the rest of world.
How would you currently rate the above now, hopefully for the coming recovery post COVID. I note, South America is not represented. do I need to consider it separately?
I'm inclined to go with 2 positions @ about 6% ......your opinion please!
All the best to you and everyone at 5i for the new year!
Read Answer Asked by Henry on January 04, 2021
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