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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: Can you comment on the investment merits of these two etfs.Are there others that you would see as more attractive for a diverse long term hold of both Canadian specific and US specific etfs?
Read Answer Asked by Kim on July 25, 2022
Q: In my previous question, you commented on places to be if the market looks forward to the end of a recession later this year. In that context, can you also provide good sectors and stocks (trading on the TSX) that are good places to hide out in during the recession / for the period leading up to it (i.e. from now to the end of the year)?
Read Answer Asked by Alexander on July 25, 2022
Q: Barrick gold share price has been declining along with gold price . Would you be in favor to buy this gold miner company for portfolio diversification at this time and in this volatile investment environment? II have no gold or gold equivalent asset in my portfolio. I have refrain from a gold as a diversification asset in my portfolio so far. Given the perhaps opportunistic share price I am tempted to buy it for diversification. It does have a divided as well.
Thanks for your opinion in this matter.
Miroslav
Read Answer Asked by Miroslaw on July 25, 2022
Q: I just received a couple of weighty voting packages from Atlassian which I gave up on after the 74th “whereas”. I take it they are changing their domicile from UK to US, and essentially issuing new shares to be listed on the Nasdaq. If I understood the tax implications for Canadian shareholders if seems it will be a deemed disposition and capital gain or loss type of event. I know I am a little out of bounds asking for too much analysis about a non-Canadian company but just wondering if you had any thoughts. Is it a non-event or do you see any risks (competing with Boris Johnson for moving trucks?) or maybe possible upside? Thank you.
Read Answer Asked by Stephen R. on July 25, 2022
Q: What would you suggest as a proxy for AEM and FNV. Will take as tax losses and buy back in 31 days. (Bigger loss in AEM.)
Have a small position (spin off) in Fortitude gold.
Conservative investor.
Thank you.
Tulio
Read Answer Asked by Tulio on July 25, 2022
Q: Like a lot of stocks, the homebuilders seemed to reach a bottom on June 17 and then have steadily marched upward. Quite briskly, in fact, even in the face of increasing interest rates. To what do you ascribe their stock improvement, which outmatches almost any other sector I can see, up 25%-30% in a month.
Read Answer Asked by John on July 25, 2022
Q: On July 14 you answered a question from Donald about share buybacks. However, the screener you provided a link for was apparently for US stocks only, and required a monthly subscription.
I am interested in specific buybacks for a limited amount of Canadian companies. I can of course see in announcements that an NCIB has been approved and such, but is there any way to know whether or not they actually are buying back stocks? Must I wait for a quarterly or annual report to find this out after the fact, or is there somewhere I can go to see purchases?
I do know that the amount of stock they have would be reduced, but wonder if the actual share cancellation happens at the buyback, or at their leisure sometime later?

Thanks PK
Read Answer Asked by Paul on July 25, 2022
Q: Just curious what you guys think of this company. Pretty large at around 9B Market Cap, and roughly 44,000 employees, founded in 1885. My source shows a Forward P/E
of 22.6x and a forward P/S of 2.3x.
Do you like this Company, for diversification, and would the price get cut in 1/2 during a recession, as they seem to do a lot of Quality Assurance.
Thanks Gord
Read Answer Asked by Gordon on July 25, 2022
Q: Dear 5i,
If one were to hold either VFV or VSP (CAD hedged) for approx. 25 years would you expect the Total Return to be the same for either ETF?
If VFV has long term better performance would it be because there are no CAD hedging expenses?
Read Answer Asked by Ian on July 25, 2022
Q: Regarding US Equity Power Buffer ETF (PJUN): what is your take on this etf to hedge some of the potential downward movement of the S&P 500?. Or would you just hold more cash to try to hedge and protect the downside? How does this etf work and is it worth the MER?
Read Answer Asked by Steven on July 25, 2022
Q: As we progress through the dog days of summer and possibly approach the winter of our discontent, the number of questions being asked of 5i seem to be lower at this time. Is this a summertime normal occurrence? Otherwise, is it possible that the number of questions asked day by day could be a useful metric of investor interest in the stock markets. If so, then as the number of questions increase, could this indicate that the market is in the road to recovery. This would not be a “bet the farm” metric but would appreciate your thoughts on the matter.
Thanks for your valuable service.
Cyril
Read Answer Asked by Pat & Cyril on July 25, 2022
Q: Not a question but rather a comment on the Q&A earlier today that included mention of TEF, the US ADR for Telefonica.

Investors should be aware that their final yield on dividends will be impacted by Spain’s Financial Transactions Tax, which is also levied on the ADR:

https://www.clearstream.com/clearstream-en/products-and-services/market-coverage/europe-t2s/spain/spain-financial-transaction-tax-ftt--2726042
Read Answer Asked by Aaron on July 25, 2022
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