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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: Looking for some high safe dividends. What are your thoughts on these three.
Rate 1-3.
Read Answer Asked by John on December 19, 2023
Q: I still have my small position in Lucara Diamonds and it still a diaster. CEO was replaced a couple of months ago and the former CEO came back. Under the former CEO Lucara made an agreement with an Antwerp gem polisher (HB)where they would send there large special diamons, which the Karowe mine in Botswara often find, to HB for polsihing and cutting. Lucara would then get cash flow from the finished products, (potentially higher margin and more steady cash flow). Well the new CEO wants to end that agreement. The open pit mine is still profitable but the development of the under ground mine has hit snags (namely water filtration in the raised shafts) and the finish date has been pushed back another year. What 5i could help me with is a better understanding of the outlook for diamond prices. Every where I look for on outlook on diamond pricing requires a subscription and my position is simply too small to warrant paying a subscription. In the end, should I just dump this dud or hang on a while longer (It is in a TFSA so no tax benefit.)?
Read Answer Asked by Paul on December 19, 2023
Q: I have been looking to add some exposure to preferred shares. In the USA there is a fund with the ticker PFFA which is trading well below par which makes the yield just shy of 10 per cent. If, or better said when yields start falling (And I hope that doesn't happen too soon.) this yield would be even enticing and the fund should move up in price closer to par which would give some capital appreciation. Also the CAD is nearing 75 cents which I see as on the upper end of its trading range. Am I missing something? It has a safe (ish) yield, potential for capital appreciation and is in USD all of which I like. Merry Christmas and a Joyful start to 2024.
Read Answer Asked by Paul on December 19, 2023
Q: Which 5 Canadian and 5 US companies would you buy for pure growth over the next 6 months? Can you provide a bullet for each on risk and main reasons for selection?
Read Answer Asked on December 19, 2023
Q: Questor QST is at 52 week lows and still can't seem to get an traction with their sales or rental of equipment that burns waste methane emissions. The CEO was ousted and then quickly reinstated. I understand that she got a termination settlement and then a signing bonus when she came back. If so is true then the BOD is really a bunch of clowns posing as buiness people. The auditor has also been switched, Does this happen oftem? I still have a small holding in this loser company. I don't think I will sell before 2024 in case tax loss selling is driving the the share price even lower, but I think it is time to run from this dog of a stock. 5i used to kind of like this company. What is your opinion now?
Read Answer Asked by Paul on December 19, 2023
Q: Hi There,

I never sold my MRS shares. In my brokerage account it shows that I still own 9000 shares. I noticed that MRS no longer trades. How do I sell my shares so that I can claim the loss on my 2023 taxes? If I cannot sell them, do I still get to claim the loss on my taxes since they no longer trade?

Any guidance you can provide will be greatly appreciated. Thank you.
PS - I use Questrade if that helps. Don't know if I have to make a 'request' to take action on the shares, etc.

Thank you!
Gone
Read Answer Asked by Goken on December 19, 2023
Q: Season’s Greetings 5ir staff

I sold a stock with a tax loss on Nov 21. The settlement date was Nov 23. What is the earliest day that I can place an order to repurchased the stock (with the settlement date typically two days later) without triggering a superficial tax loss.

Thanks! I am grateful for all your guidance, insight and analysis.
Read Answer Asked by Lawrence on December 19, 2023
Q: These are all names that have come up recently in Q&As. Which one do you think has the most upside from here? If you had to pick one to own as part of a 10 stock portfolio which would you choose? Thanks.
Read Answer Asked by Jason on December 18, 2023
Q: https://braxtonwm.com/

I am interested working with Braxton Wealth Management. Can you give me your opinion on this particular wealth management company.

What are your thoughts on their investment / management style.

please be candid about your thoughts, pros and cons

also are there any tax implications by dealing with a non canadian company?

thanks

Ernie
Read Answer Asked by Ernest on December 18, 2023
Q: Just to add a line about the rif withdrawal reported by Judith, i did my withdrawal earlier than scheduled. I had it scheduled for dec 15 and i did my withdrawal somewhere around the 10th. I thought there might be the possibility of error and so i called back on the 14th to check. Everything was ok. But, in doing so, i also noted that when you click the drop down box for rif contributions, it noted that the contribution had been made. Maybe a worthwhile thing to check in the future. That doesn’t apply to Judith’s situation, with apparently the cra demanding withdrawal, which as you say, seems bizarre. But it is perhaps a useful way to check if you withdrew early
Read Answer Asked by joseph on December 18, 2023
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