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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: 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
Q: I need to reduce my technology holdings to balance to the Portfolio Analytics suggested weights. In tech I am biased towards growth and strong fundamentals. Which of the above listed would you sell (if any). Are there any companies in technology that you would consider "must own" names in such a portfolio?
Deduct as many points a you wish.
Many Thanks for you help
John
Read Answer Asked by John on October 15, 2021
Q: In my portfolio 10 top equities (stocks or ETFs) comprise 30.8 % of the total. In your opinion is this an appropriate weighting? Or there is some rule to it? None of the stocks is over 5% in its weighting and one global EFT is slightly over 5 %.
Thank you as always for your advice and recommendations
Miroslaw
Read Answer Asked by Miroslaw on October 15, 2021
Q: I bought AMZN around the time that the pandemic hit in March 2020 at $2000/share and then rode it up to an all time high of $3770 in the summer of 2021. Since then the stock is down $500-$600 -- which is basically the level its been at throughout most of 2021 -- except for that "blip" in July 2021. The reason for my message is a request to convince me why I should hang on to AMZN -- when what I really want to do is sell. Thanks!
Read Answer Asked by Kyndryl on October 15, 2021
Q: Good day team,

Please excuse me if this question has been asked before but is there an international focused etf I can contribute to in my tfsa where I don't have to pay withholding taxes? If so, can you list a few please?

Cheers
Read Answer Asked by Seamus on October 15, 2021
Q: Dear 5i,

does VIXY behave like a leveraged ETF such that they are not suitable for buy and hold investors. I understand that leveraged ETF's reset every day and there is price erosion so they are only suitable for short term investing. Would VIXY be ok for a buy and hold investor who believes that there was going to be a significant correction in the overall US market in the medium to long term? Your thoughts are much appreciated.
Read Answer Asked by Ian on October 15, 2021
Q: Would you foresee any specific potential drivers for upside (looking for total return/compounding growth rather than specific dividend income) in one of these transportation companies over the other? I am trying to decide between them for a position in a long term hold RRSP portfolio. Thank you.
Read Answer Asked by Anthony on October 15, 2021
Q: Hi 5i. I was wondering if you or other members can provide insight on the following tax issue.

I bought Boyd Group Income fund in 2015 ($49/share) in my BMO InvestorLine account. When it converted to a corporation on Jan 1, 2020, my understanding was that it triggered a capital gains event at the conversion price of $202 and that I would have to declare this gain and pay taxes on it in 2020 even if I did not actually sell any of my shares. So I did this, even though I retain all my shares to date.

My issue is that for the 2020 tax year, I did not receive any documentation of the conversion in any brokerage trading summary document or issued T5008 slips, and my investment account still shows the original Cost value of $49.

I called CRA as I was concerned that when I eventually sell the Boyd Group Services shares in the future, the T5008 slip would reflect the original cost value and CRA will claim I need to once again pay capital gains taxes based on the original $49 instead of $202/share.

What CRA told me basically confirmed what I was afraid of -- that is, their assessment will be based purely on information issued on the brokerage T5008 slips and that the cost value would most likely reflect the original $49 share price rather than $202. So I may either have to pay these capital gains taxes again when I do sell, or get reassessed and get a notice saying I owe the CRA additional taxes if I use $202 as the new cost base and deal with the consequences.

I’m wondering if you have any thoughts on this. Also, if any of your other members are in a similar situation, having already paid taxes on this conversion while still holding on to their original Boyd Group services shares and if so, what they did or intend to do.

Many thanks, Ben
Read Answer Asked by Benjamin on October 15, 2021
Q: Hello,

Wondering if I could get a quick list of your favourtie companies with the following criteria:

Large cap US equity
No dividend
Growth oriented

No explanation is necessary, just some tickers (maybe 3 to 5 if possible) in order of preference, please.

thanks!
Read Answer Asked by dan on October 15, 2021
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