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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: I am not sure if this question should be asked in the forum or here.

I have a little more than $500,000 US in a Canadian bank US$ account that I would like to convert to Canadian dollars. What is the cheapest/easiest way to this? I know there are on line brokerages that do this but I am a little queasy about handling a transaction of this size through cyber space. Does one bank have a better reputation for foreign currency transactions than another or are they all priced the same?

Appreciate any advice you can provide.

Paul F.
Read Answer Asked by Paul on May 26, 2016
Q: Greetings

I am presently without any exposure to oil and gas companies. To what extent do you think PKI might be a good place to re-enter the sector? Your most recent review was a tepid "B" so I am completely open to other suggestions you might have.

I am a retired conservative investor who has no need to "shoot out the lights" and realize that diversity is a good thing.

Thanks
Read Answer Asked by Peter on May 26, 2016
Q: Hi Peter and Ryan,

I have a cash account at TD Waterhouse (TDW), and I use their Investment Savings Account (ISA) for the cash portion of my portfolio. Currently, the interest rate for that account is 0.75%, and it has been at that level for a long time. I also have an account at Meridian Credit Union. They have a High Interest Savings Account (HISA) for short term cash that pays double what the TDW ISA pays, and the interest rate they are offering on that account has been at that level or higher for a long time. My question is as follows: How risky would it be to park more than 100K in a Meridian HISA? In other words, how solid is Meridian as a financial institution?

Many thanks for the great service.
Read Answer Asked by Michel L on May 26, 2016
Q: Hello. Since I started investing, I've been told that selling covered call is the safest and easiest way to earn extra income. However, I've found that the cost of buying and selling covered call options in the Canadian stock market is extremely expensive. If the stock is called away, the bank will charge an extra $49 as handling fee per transaction for both sides (no matter the amount of the contract). Do you know if there are any investment institutions that offer no handling fee at the end of the expiry? I've heard that Interactive Broker may be one of them. Are you aware of any others? If I could switch some of my portfolio to a cheaper trading institution, do you think it is worth the hassle to sell covered call? MANY THANKS.
Read Answer Asked by Esther on May 26, 2016
Q: I bought WAJAX Corp 10 years ago at a much higher price and held it since. After a rough ride it seems that this company is turning the corner with some decent earning and a better estimates from analysts. Could I please have your views and if it is worth holding, if not what I can replace it with. It is a small portion of my portfolio and diversification is not an issue. Thanks
Read Answer Asked by Saad on May 26, 2016
Q: Hello,

Two part question. First, thoughts on NYX Gaming's earnings report? Second, Intertain just reported strongly, is considering strategic options and seems to be generally acting better. Would you switch any holdings in NYX to Intertain? Also, from a technical standpoint does Intertain appear poised for a breakout if it can ever shake free of the 12-12.30 range?

Thanks
Read Answer Asked by Tim on May 26, 2016
Q: Have difficulty understanding the sector alllocated for some stocks. For instance I thought NFI would definitely be Industrial but in my BMO portfolio it is classified as cons disc along with DOL - which I get. I want to increase my Industrial sector so could you go thru your three portfolios and list the stocks that would be classified in this sector? Thanks.






Read Answer Asked by Arthur on May 26, 2016
Q: I know you don't specifically cover US stocks. But I've been watching Netflix and waiting for a good entry point as I think it's a good brand that will innovate and stay on top of the industry they are in. The stock is currently rallying and the information I got from Investopedia is that Netflix will have exclusive rights to Disney Marvel, Pixar and Lucasfilm films starting this fall. As an uneducated investor I'm wondering is this a good time to buy or is this simply a frenzy based on a news release that will cool down and the stock will return to trading around $90.00? I know you can't predict the future, but the educated opinions I have received from 5i have me up in 8 out of 10 stocks I have purchased this year.
Thanks
Read Answer Asked by Grant on May 26, 2016
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