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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 want to get back to just one Canadian bank, planning on 3-5 years. I traded BNS for BMO last fall. BMO is up about 12%, and BNS is back to par. I did not intend to be trading the stocks again, but now I am thinking I should take the 12% BMO profit, and put it in BNS. BNS has a slightly higher dividend, and long-term, both are good, stable stocks. I have about 1% in TD, which I plan to sell. BMO IS about 3% of my portfolio. US banks another 2%.
Is this a good idea, or do you have one Canadian Bank you prefer for 3-5 Year. Thanks
Grant
Read Answer Asked by Grant on January 20, 2020
Q: You noted a couple of days ago that you (almost) always put a limit price in place when buying/selling. The few times that I have done this I find it to be very cumbersome because I then often have to wait or even check back an hour or two later to find out if I was able to purchase the stock at my chosen price. I have even missed out on a purchase because I went in too low. While it is nice to get the lowest price I am a bit confused as to your comments because you often state that it is best to purchase a stock without trying to time it too carefully because in the long run (and I am a long term holder) a few cents here or there isn't going to be material. So when do you suggest we place a limit on the buy - always, only with small caps, only when it is a lightly traded stock or just when the bid-ask is rather large? And if using a limit, how do you know what price to go in at?

Appreciate your insight.

Paul F.
Read Answer Asked by Paul on January 20, 2020
Q: Hi Team
I dodged a bullet with hbc , I was so fed up with the gong show I decided to keep the stock, knowing if the deal feel through it would go way down, but I figured the clowns behind it were going to suffer a lot more than me, I did sell at $ 10.80, just glad to be out with a little profit. Next up is ret, not sure what to do it......avergae down and hope for a recovery, or hand on or just sell. It is in a non tax account. Trying to get my head around it, they have lots of cash, not sure the value of their properties, can not find out what they own and what they lease. What do you feel about this one, does it go down the drain like woodwards, Eatons Sears......etc.....look forward to your opinion
thanks
Tar
Read Answer Asked by auftar on January 20, 2020
Q: I am looking for a low fee Canadian equity fund or, preferably, ETF with good diversification. More specifically, less financial content than the TSX.
In 2017 you seemed to like MKC but there are no recent comments on it. What do you think of it today?
Are there better options I should look at?
Read Answer Asked by Elliott on January 20, 2020
Q: If one had the assumption that the USD was to go lower, would it be more beneficial to buy MMX in CAD or USD, given the underlying commodity (gold) is priced in USD? Would the effect of a lower USD be offset by a higher gold price in USD? Essentially I am wondering whether I would I get a better overall return by holding it in CAD under the assumption of a lower USD. Having a tough time figuring this out. Thank you.
Read Answer Asked by Marco on January 20, 2020
Q: PWF's investment in fintec (wealthsimple) as weĺl as their dividend looks interesting for a 5 to 10 year hold. The reorganization with POW also looks to have potential to unlock value and increase dividends. Do you recommend investing a full position at this time and if so, in which company. Alternatively, is there a better investment in fintec?
Thankyou
Ian
Read Answer Asked by Ian on January 20, 2020
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