Investment Q&A

Q: Good afternoon,

I've owned the MAW 108 & MAW 106 mutual funds in my RRSP and TFSA accounts for a number of years and although I've been reasonably pleased with the absolute return of each mutual fund, the relative annual return compared to their benchmark index has not been that great...

Given that the MER of both funds is substantially higher than that of an ETF tracking the S&P 500 and the S&P TSX, I'm thinking of selling both Mawer funds and replacing them with one ETF that tracks the S&P 500 and another that tracks the S&P TSX, both with a much lower MER.

Q1. Do you agree with this course of action given that there would be no tax issue in selling these Mawer mutual funds and replacing them with two appropriate ETFs.

Q2. Would you kindly recommend your two best ETF ideas that would achieve my goal of reducing my MER fees and that track the S&P 500 and S&P TSX indexes.

Thank you and as always, your sage advice is much appreciated.

Q: Hello,

In your response to the last question about Sea Limited, you mentioned that the next quarter would be telling as to its ability to grow profits. Can I get your assessment of this company now that it has reported?

The stock drop today has been brutal and I'm at a loss in a registered account, unfortunately. Can I ask what you would do with it? Thanks,

Q: Please give me your thoughts on this company and if you would buy it here. Also, please review the last quarter's results

Q: Please sort the list if you were assigned a task of bottom fishing.
Firstly sort them (best to worst) in terms of growth perspective for next 3-5 years.
Secondly sort them from fundamentals/safety perspectives.
Ignore diversification.
Also feel free to add your own favorite bottomed pick.

Q: Is there a particular reason why Shopify is in the balanced portfolio instead of the growth portfolio? Is it due to market cap?

Would 5i ever consider taking NVEI out and replacing it with SHOP?

Q: Can you please recommend an equivalent to VDY that holds U.S. Companies and is Canadian Hedged?
Thanks

Q: Between AAPL and CSU, which company do you feel has the best growth prospects over the next 5 years? Thank you.

Q: What are your favorite REIT's now?

Q: Just as a follow up then would you sell shares that game from the spin off and put into BN

Q: Can please comment on their Q2 2023 financial results? Stock popped on the news even though revenue, EBIDTA, EPS were all down y/y. Why?

Q: Splash Beverage Group. Can I have your analysis and do you think it’s investable?
Thanks

Q: What has happened to the Sedar web site? I used to go there reguarly for information but the new site is impossible to navigate. Example I was looking for the formula used to reset the dividend on ECN.PR.C . I was able to find the rate and the dividend and the reset date on the company web site but I could not find the actual reset formula. So is there a way on the new Sedar website to get at documents filed by a listed company? Some thing I used to be able to do with one click. Thanks

Q: I would like to follow up on a question asked last week l, to choose between a reit etf and a utilities etf. And you advised the utility sector mapped here is better. Could you please advise on the dividend stock space in general to add in say telcos, banks, insurance and pipelines?
The broader discussion of the moment is about rates and their future path and relative value of earnings and dividends compared to t bills and low risk savings of the like.
Do you feel that any of these sectors are good buys at the moment? Could you maybe rank or group which you feel are best or just in vs out?
Thank you,

Peter

Q: As a curiosity I thought it would be interesting to compare these two, noting they seem to be competitors in many ways. Frankly bit looks like Blackstone trounces Brookfield on stock performance over almost every time length. Do you have any thoughts on comparing the two and Blackstone’s value as a financial alternative asset holder?

Q: BN is currently classified as being in the "Finance" sector. Should it be in Finance or in Real Estate?
I keep track of my securities using a spreadsheet and hold BN. When I look at my sector allocations, it always appears as though my "Finance" weighting is overweight and my "Real Estate" weighting is underweight, but I'm wondering if I should just change how I'm classifying them.

Thoughts?

Q: How will the new deal ECN just negotiated affect their debt specifically ecn.db.b?

Q: Based on your previous answers for tantalus systems GRID can you you please give your opinion on the recent earnings and the company and industry going forward. Has Pender increased their holdings or decreased in them and is there any other big investors invested in this stock that are noteworthy?

Q: Can you give some comments

Q: Why is BN doing so poorly?

Q: Remind me what the diff is between the two and which would you recommend.? My research (TD) gives the identical description for both companies.

Carl