Investment Q&A

Q: In the present interest rate environment and going forward 6- 12 months, which ETF is preferable i.e. XHY, PFIA, MFT, ZHY, XSB,XBB OR PYF? Would you choose 1 or a combination?

Thanks for your service!

Q: What are your views on whether we see the FED pivot in the next month or so, and do you believe bonds will move up in price if that occurs. ZAG seems like a safe choice to play this move.

Q: The two Canadian railway companies have out-performed CSX this year. Any explanations? Which one is a buy now? CSX seems much cheaper.

Thanks,
Liping

Q: I hold both BEPC and BEP.UN and would like to consolidate into one. Which company would be best to hold? Is this a move I can do now or is it best to wait or sell one and wait to buy the other after the market settles a bit?
Thanks
Dan

Q: Wallbridge is in the process of spinning out its nickel properties to Archer Exploration. How does the larger version of Archer compare to Canada Nickel in terms of quality and valuation. Thanks for this great service,

Q: What are your thoughts on this company, is it a buy? Would be in a registered account. Thanks

Q: Way down on EINC and PMKR in my small-cap portfolio. What is your opinion? Do these stocks have any future in a recovering market? Or better to sell and redeploy into something like CTS?

Thanks

David

Q: Outlook for BCE

Q: Since it’s Dec31 closing price Bam.a is down almost 33%…a massive drawdown..Do you see anything in your outlook for this company that could cause material further deterioration?This has been extremely painful to witness.

Q: Hi Folks,
I am looking to re-invest this quarters dividends in my RRSP account. Of the four mentioned above, which would be the best to add to at this time and why.
Thanks for your help.

Q: Hi, CDN Banks continue to get hammered everyday, with CM taking the biggest one day hit at 4.2%. Not sure, if it's all the investors' fear about recession hitting the banking sector hard, specially to more " Canadian " Banks, like CIBC, due to large mortgage and personal lending book. We are in a Capital Loss situation with BNS and CM in our Non regd account. Does it make sense to book the loss and wait for signals from BOC/FED to re enter the positions. What is your belief on CDN bank earnings - Could it hit the stock prices even more ? Never thought that a 20% ownership in CDN banks could cause pain. Thanks

Q: Good morning,
I sell call and put options about a month out. I know I once asked you whether it is wise to hold off if there is an earnings call coming up before expirary. I couldn't find that question and answer, though, and instead of spending the morning I am asking it again. I also look at the dividend dates but i don't think it is a good idea to sell a call if an ex dividend date is coming up.
thanks

Q: I'm down 33% on TXF in an unregistered account.

For tax loss harvesting would ZWT be considered an acceptable proxy for TXF by Revenue Canada? If they are too similar, what do you feel would be an acceptable proxy?

Alternatively, if there isn't an acceptable proxy would 5i suggest leaving the proceeds in "cash" on the basis that it is doubtful that TXF would increase enough in 30 days to offset the tax gain?

Thanks!

Q: Thy announced a sale of their 20% interest in the US multi-res portfolio for 315 million. The book value from their last annual report was 179 million so the book value was only 52% of the fmv. The use of funds to pay down debt and the evidence that the book value of the company is likely seriously discounted seems to make this company's shares a compelling value.

Q: Hi, A large volume day for a relatively thin trader, including a block trade of 123,300 shares, Today. Lot of interest from Pershing Securities Ltd... Stock opens and closes practically unchanged, but a lot of activity with almost 15% intraday fluctuation. between $71.50 to $82. Any ideas/hints/suspicions ? If you have a sizable position, as a Portfolio Manager, would you be intrigued ? Thank You

Q: Any reason for the big move today?

Sheldon

Q: Cameco and Brookfield Renewable Form Strategic Partnership to Acquire Westinghouse Electric Company.

Do you see this as a meaningful addition for cash flow, or mediocre?

Thank you.

Q: Re the webinar later this week. Will there be a facility to ask questions during the webinar or are you looking for questions to be sent in prior?

Sheldon

Q: I am looking to retire in the next year, and positioning our portfolio more toward income.

Within the utilities sector we held AQN, BEP.UN, BIP.UN and CPX at close to equal weights 3.1-3.3% each (market value).

I recently sold AQN at a 20% tax loss and initiated a new position in FTS (yielding 4.25% after it's big drop). This will be a long term position.

I'm up approx 50% in CPX and even on BIP.UN.

I'm currently carrying a 16% loss on BEP.UN, and am thinking of selling it for a tax loss (I have significant realized capital gains to offset).

I'm considering either splitting the proceeds between BIP, CPX and FTS; or waiting to sell BEP after the 30 day period on AQN has passed, repurchasing it to regain the lost dividends and for diversification.

From recent questions I understand that AQN's dividend is likely safe, and is considered sufficiently different from FTS to support owning both. I like that it is at 2019 levels, and think there is a good possibility it may reward a patient investor. Is debt a concern?

Which course of action would 5i recommend, and why?
1. Sell BEP at a tax loss and split the funds between BIP, CPX and FTS; or
2. Sell BIP at a tax loss and repurchase AQN,
3. Or is there another course of action that you'd recommend?

Thanks!

Q: Jamie Dimon, CEO of JPM has put a scare into me. Earlier this year, Dimon had asked investors to brace for an economic "hurricane". Due to runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of the Federal Reserve's quantitative tightening policy, he is predicting some kind of recession six to nine months from now. Dimon said the S&P 500 could fall by "another easy 20%" from the current levels, with the next 20% slide likely to "be much more painful than the first. Yikes.

Can you give your perspective on his predictions, please.

Carl