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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 Peter. To my dismay, I currently hold too many pipelines... Enbridge, Pembina, & Inter Pipeline. I wish to cut 2 of the positions and then possibly pickup Algonquin Power. I also own Fortis & Emera. Which pipeline would you suggest keeping, and your reasoning behind it. Also, do you feel 3 power utilities would then be too many and if so, which 2 would you prefer? I welcome your input. Thanks.
Read Answer Asked by Ron on April 16, 2018
Q: Good day,

I currently have in my TFSA portfolio the following stocks which you had recommended
(KXS, PHO, SIS, TOY, PBH, SHOP and DOL). I have 10K which would like to add to my TFSA. What stocks would you consider purchasing to compliment what I already own?
Read Answer Asked by Enzo on April 16, 2018
Q: I currently own in my RRSP the following stocks : GUD, KXS, SLF, SIS, AQN (1/2) and FTS (1/2). I have 6K$ that I would like to add to only two or three of those stocks to avoid too much trading costs.
I have a longterm timeframe (20years +) for my RRSP and am diversified across my other accounts.
I was thinking of KXS, SLF and SIS first, but utilities also look quite cheap to me these days.
What would be your selection? I'd rather not add a new position to avoid having to many...
Read Answer Asked by Julien on April 16, 2018
Q: I am looking for a good intermediate-duration corporate bond ETF, and was favouring ZCM, until I learned that BMO has come out with ZCB. The duration for ZCB is slightly shorter and the fees are lower. Which do you think would be the better choice for a long-term hold for consistent income, or is there a different intermediate-duration corporate bond ETF that you would prefer to these two? Do you think with the introduction of this ETF, that similar funds from iShares and Vanguard will see their MERs drop accordingly to match the low MER of ZCB? I also hold VSB as part of my fixed income allocation. Thank you very much.
Read Answer Asked by Walter on April 16, 2018
Q: looks like gold and energy stocks are coming on strong while most other sectors generally look challenged. is this a good time to get in at least for the short term?
Read Answer Asked by terrance on April 16, 2018
Q: With oil price rising and bullish sentiment seemingly on the upswing what would be your favorite stcoks or etfs at this point?
GUY R
Read Answer Asked by Guy R. on April 16, 2018
Q: Which of the listed companies do you reckon has the best prospects for a 1-year hold from current levels? How about for a 10-year hold?
Read Answer Asked by Andrew on April 16, 2018
Q: I know you are not a fan of market timing. However, with all the action coming from the Mueller investigation of Trump I can't help but digest and interpret the news as a tightening of the noose around Trumps neck. I've gone to 20% cash and might not be done yet. I've committed to sitting here until Mueller resolves one way or the other.

My question is how have markets reacted during previous impeachments (eg. Nixon, Clinton)? Obviously negatively, but to what degree and for how long? Would international equities be less effected?

Best.
Read Answer Asked by Cameron on April 16, 2018
Q: Peter and His Wonder Team
I have heard several analyst on BNN say that no one cares about the oil and gas sector...that there is absolutely no interest in this sector. Therefore if there are no buyers the stocks will stay at rock bottom. Can you see any hope for long term investors of this sector? Thanks?
Read Answer Asked by Ernest on April 16, 2018
Q: My wife and I currently have 6.8% of our combined retirement savings invested in ENF. As we have made this acquisition quite recently, we are neither up nor down on this investment. We've just received the company's 2017 annual report and I'd appreciate your confirmation of a key financial metric, I see noted within the information we've received.

On page 4 of the 2017 Annual Report I see an indication that the company's Dividend Payout Ratio climbed from a level of 86.9% in 2016 to level of 96.1% in 2017. My first question is: Am I correct in understanding that the firm therefore paid out 96.1% of all it's net income in 2017?

The reason I ask that question is that the information we received includes a very clear statement of the company's intention to continue to raise their already very generous dividend by 10% in each of 2019 and 2020. They point to planned future projects, they seem to feel should make those targets eminently achievable.

If they are already paying out 96.1% of their net income, won't they likely need to grow that income by at least 10% in any year in which they might wish to increase their dividends by 10%; if they wish that dividend level to be sustainable over the longer term?

How likely do you feel their targets for income growth and dividend growth might be?
Please know that we can tolerate substantial swings (declines) in the price per share of this holding, provided we believe the dividends are both sustainable and likely to grow at least at the rate of inflation, going forward. Thank you!
Read Answer Asked by Richard on April 16, 2018
Q: Hi Peter
Please help me understand.
In your column in the Post today you claim “our model could care less about the TSX” and as independent investors we are “ free to see to our portfolio far more diversified than the Canadian market”.
So why does the Income Portfolio only have 7 % outside Canada?
Thx Frank
Read Answer Asked by Frank on April 15, 2018
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