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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: Hi Folks,

I am an income investor whose portfolio has fallen out of balance.

I need to increase weights in Basic Materials, Consumer Cyclical, Consumer Defensive, Healthcare, Industrials and Tech..

I am also light on U.S and International holdings.

Please provide some income suggestions for these industries and within these regions.

Thanks very much.




Read Answer Asked by Dave on January 19, 2021
Q: Thanks for your aswer for WIR :" historical tax allocation has been 40% foreign non business income and 60% return of capital (ROC). ROC is included in the distribution and is not a separate payout. There certainly is no Canadian dividend tax credit. We would be fine with this in a cash account. With the ROC component, this shifts a portion of income to capital gains tax treatment, as this portion lowers the ACB of the investment. In an "RRSP from a tax perspective the currency of the account does not matter: there is no withholding tax in the RRSP. But since distributions are paid in US funds, holding in a US dollar account will save on f/x conversion fees. #5 They are the same thing, one trades in Canadian dollars. There is no advantage of one vs the other."
Does this means that: 1) I should ask for the tax credit for the 15% US tax ? and 2) most important thing ,will be the income tax (T5) be automatically calculated ONLY on approximatively 40% of the total year distribution, and not on the entire distribution ? 3)nb: I notice in my account that the 15% US tax is calculated on all the distribution and not just the dividend ! normal ?
In such case it is OK to keep in in my non registerd account as you mentionned !
Read Answer Asked by Jean-Yves on January 18, 2021
Q: Hi Team,
I have become interested in CELH, as I have seen you mention it several times as a US small cap favorite. Unfortunately I have just been watching it "run away" from me as it continues to rocket higher daily it seems. I was wondering if you could elaborate a bit more on what you like about the company, growth expectations and potential, catalysts, and if the share price rise seen this year is justifiable? ($3 - $65 seems a bit crazy!) From what I have read off the website its technology in being able to burn fat seems quite intriguing. I am now tempted to go and try it myself. Do you know if it is being sold at various locations across Canada or just online? Thanks for your input.
Read Answer Asked by Shane on January 18, 2021
Q: Hello, I am currently rebalancing my portfolio and would like to exit a position in Financials to increase in other underallocated sectors. To help with my research, how would you rank MFC and GWO for a longer term hold (e.g. RRSP) and any other attributes/parameters that are important to look at?

Thanks for all you do?
Read Answer Asked by Brad on January 18, 2021
Q: What did 5i think about Caldwell Partners Q1 results. It looked strong with a good outlook. I get the impression that Caldwell is going into a new direction with their recent acquisition which included talent software technology which my attract more investor attention and allow the stock to trade at a higher revenue multiple rather than only 30%-40% of revenues which it has traded at in the past. With the acquisition their revenue run rate is about c$90 million, not really small anymore. Your thoughts?
Read Answer Asked by Charles on January 18, 2021
Q: Why is there such a large discrepancy between these two royalty company share price performance over the last year? MTA revenues seem like they are abysmal (and look like they declined?) while MMX revenues increased significantly (~30%). Would a lateral move from MTA to MMX be a good idea at this time?
Read Answer Asked by Marco on January 18, 2021
Q: I’ve held a small position in SJB as sort of an insurance if the market were to take a tumble like it did back in March. Although it’s performed poorly the rest of my portfolio has performed well (many thanks to you). I’m considering selling & rebalancing but thought I would get your opinion. Would you ever recommend a strategy like this? Or is simply staying diversified a better option?
Read Answer Asked by Danny-boy on January 18, 2021
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