Investment Q&A

Q: QS is up today on higher volume. According to my phone there is no new news. Does your news feed show anything, like Volkswagen making a payment? (I can dream as well as the next guy)!
Jim

Q: This weekend's Barrons magazine mentnioned Fairfax as a successful company that emulate's Berkshire's strategy and secret to success—and investor returns—combining investments and aquiring insurance businesses.
“It’s a three-engine strategy,” says TD Cowen analyst Andrew Kligerman, commenting on what Berkshire has done right. He ticks off insurance, investments, and wholly owned businesses. “You need to fire on each cylinder to make it work.”

Q: In a recent question on conviction for a 3-5 year hold in the 5i model portfolios you recently ranked these 3 financials lowest. Do you see problems on the horizon that would limit your enthusiasm for ranking them higher?

Q: In your answer to a question concerning IPO, you indicated debt at $400 million. Their public information indicates year end net debt at $213 - 221 million and 1.1 - 1.3 times Q4 2025 annualized EBITDA. How did you calculate $400 million based on above info?

Q: When can we expect the next investing and economic report card and if there was a recent one ,where can we find it?

Q: I have heard some commentators talk about the possibility that the US could institute capital controls. How realistic do you feel this is?

For Canadian investors, how do we protect ourselves against this possibility?

Thank you again for this excellent service.

Q: hi folks, 2 n/r by Nebius today...1 mentioning Europe & Nvidia Blackwell chips....were these "significant" business news/ventures??...stock flat , but has had big run....if owned at $30sh level...would U be adding at $52sh level...thx, jb

Q: Greetings 5i,

Looking for diversification for the wife's portfolio. We hold within the TD platform, TD WebBroker. Specifically regarding TDs ETFs I had thought that some of their ETFs had no transaction fees associated with purchases. Usually within TD WebBroker there is a $9.99 fee for most transactions and I am trying to get around that for the ETFs we are considering. I thought 5i may have this information available and could you list the ETFs that have no transaction/trading fee through the TD WebBroker.

Cheers!

Q: Greetings 5i,

Made a killing on Oklo and sold with the last pop. 114% thank you, Ill take that and run. Possibly will revisit Oklo if there is significant pull back from its highs.

All the same selling Oklo has left a spot in my portfolio where I would have liked to keep something related to the energy needed for all the new AI data centers. My main question is regarding GE Vernova, which I think trades both in CAD and USD. I see that GEV has started construction on a SMR near Toronto with at least 3 others approved. Is this a fair play on the need/push/development of SMRs for Ai and datacenter needs?

Cheers!

Q: What are your thoughts on EWH these days? I'm considering investing as I have zero exposure to the China market. I have such little confidence in their legal system that I am hesitant. Any other suggestions re China? Thanks

Q: In order to reduce US exposure would you sell MRK or PEP?
Thx

Q: What was the cause in the drop in price for OKTA at the end of May.
Big 7% drop in price this A.M. with ISRG. ? ? ? Thanks

Q: My question is regarding RESPs.. Is it preferred to hold Canadian or US securities? Or doesn’t matter ?

Your favourite CND and US stocks for a long term hold in this account. Thanks

Q: Could please give me your expert opinion on their latest acquisition. The market liked it and the stock has finally broken out technically.
Fundamentally, the company is also very cheap.

Would you recommend a position in a TFSA.

Thanks for your service and all your excellent insights!!

Q: Hello all,

I am helping aid my young adult children in developing a portfolio of strong companies that pay a dividend. They were not comfortable buying during the VIX 30-50 range so they have not benefited from the recent rebound.

They are looking at holding any of these positions for 5 years (when they may need to liquidate a bit for a down payment on a property)

Please note, the American equities would be CDRs and hedged.


Here are my questions:

What entry point/range would you be comfortable buying any of these securities listed?

Do you recommend half positions in any of them at this time? Please list.

Taking into account the time frame, are there any companies you would recommend not buying?

Are there any sectors (with a particular security) which perhaps I should consider that is not on my list?

Please mention if there are other securities that might be better in satisfying the stated objective.

Do you forsee any problems with this approach and do you recommend something else to help offset anything?

I know that you don't have a crystal ball but your opinion is appreciated.

Please take as many credits as required.

Respectfully,
Arturo

Q: I have been patiently waiting to add a water themed stock to my US holdings. AOS has underperformed this year, what is your thoughts of taking a position in AOS? At what entry price would you be interested in taking that position. Is XYL a better alternative, if so, what entry price would interest you.

Q: I'm having a hard time understanding the huge drop in DSG only because I've realized I don't fully understand what DSG does. I thought I did.

But, in re-reading your report, I started to get a "Charlie Brown Brain" -- you know, the part where the teacher is speaking to the students, seemingly very clearly, but all the students hear is "wha wha wha wha wah".

In real world terms, providing an example with crayons if necessary, how does it serve transportation providers, freight forwarders, and custom brokers? By scheduling for them? Is it as simple as that? In essence they act like the "air traffic controllers" for the ground forces of trucking, shipping, freighting companies?

And then, if it's simply a matter of providing scheduling and such, why is there an expected 7% drop in workforce because of Trump. Are we seeing such a huge decline in cross-border traffic?

I "think" I'd like to hang on. As you suggest DSG has now become a HOLD.

Yet, if the tail really is wagging the dog at this point (i.e., Trump tariffs being applied willy nilly with no consideration to the true economic effects on both countries) ... how wise can it really be to hang on? We're stuck with this guy til 2028, presumably.

Conceivably, it could get a lot worse.

A considered argument of the pros and cons of keeping DSG while reviewing the impact and effects would be most appreciated.

Thank you.

Q: ADF Group reported revenue down, income down, margins lower, but the stock had a very positive move up. What's your take on the stock at this point?

Q: Is Boeing beginning to turn their situation around? What are the company fundamentals looking like now? Would you be interested or still staying clear?

Q: Hi Team, as I implement the Smith Maneuver, I'm planning to invest monthly using the HELOC portion that becomes available with each mortgage payment. Given that the investment amounts will be relatively small and consistent each month, what would be the most effective investment approach in this context? Should I:

Invest the available funds into a fixed list of individual stocks (using partial shares if necessary),

Choose from the same list based on valuation or price action each month and % of portfolio or

Keep it simple and invest in a broad-market ETF for diversification and simplicity?

I’m trying to balance long-term growth potential with practicality, given the size and frequency of contributions. What do you recommend in terms of both investment strategy and tax efficiency for this kind of structure?

Thanks!