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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: I just read Ryan's article on Direct Indexing and ETF's and basically that 0$ trade commissions with brokerage houses impact on this. I have never used a brokerage house and am not a frequent trader. What brokerage house(s) do you recommend?
What are the risks, disadvantages ( if any) compared to using a bank. How do they make their money then?
Regards
Kathy
Read Answer Asked by Kathy on October 22, 2019
Q: A friend of mine who works in Venture Capital recently told me about a small tech fund that was being managed by Damien Leonard, Mark Leonard's son. The crazy part - it's the old PineTree Capital, that terrible mutual fund-like investment product that would buy speculative mining companies and ruin shareholder capital. The Leonard family home office (incl. some of Mark's cash) now owns over 30% of the company. Upon doing some research, it looks like the company is trading at a 25% discount to book value although the new tech investments are not disclosed.

What are your thoughts? Would this be an appropriate 1% position (despite low liquidity) knowing that very few people understand investing in software companies like Mark Leonard, Damien's biggest mentor?

Read Answer Asked by Michael on October 22, 2019
Q: I am interested in small and mid cap companies involved in ONLINE gaming. With the trend in new forms of gaming (legalized sport betting & E- Sports, pending), what do you have on your radar?
Thanks
rick

Read Answer Asked by Richard on October 22, 2019
Q: Which of the following bank stocks are most susceptible to a price decrease if a recession was to occur in the near future. Please list as least susceptible to most susceptible. The stocks are RY, BMO, BNS, TD, CM, NA. Thanks … Cal
Read Answer Asked by cal on October 22, 2019
Q: Can I please get your thoughts on AMTD? What percentage of revenues came from trading commissions? Do you think that revenue can be replaced by selling order flows or by other means in the short term (~18 months)?

The company seems to be incredibly profitable and has a large net cash position as well. The recent large drop appears overdone. I am considering purchasing a 4% long term position in a registered account for preferable dividend treatment. Thanks.
Read Answer Asked by Marco on October 22, 2019
Q: Every now and then I do a complete review of my portfolio to determine what changes if any I should make. With so much dependent on political conditions and monetary policy, as well as my age , I find it challenging. I would like a second opinion.
I’m 83 years of age alert and physically fit and in good health. My wife is 73. Objective is to earn income to supplement a guaranteed income of $51000 travel and leave enough for my wife live comfortably. Retired teacher, had a 13 year second career as a financial advisor. Retired from that career 15 yrs.
Portfolio is valued at $600,000 , annual yield approximately $25,000.
Two RRIFS valued @ $46000
Two TFSAS valued @ $ 132000
Non registered valued @ 365,000
Cash $60,000
Holdings inRRIFS , AD,VGG,CPX,ENB,EIF
Holdings in TFSAS AQN,CPX,PNG,QSR,VGG,VET,ENB,ARX
Non registered
ARE, ALA,AD,ARX,CSH.UN,ECN.PR.A,ENB,EIF,PNG,PKI,PPL,QSR, ROXG,VET,BPY,LSPD

Combined portfolio % in each security
ARE-3.2%-,AD-3.5%, ALA-7%,ARX-4.2%,BPY-2.6%,CsH.UN-4.4%, ECN.PR.A-9.3%, ENB-8%, EIF-4.7%, PNG10%, LSPD-4.2%, PKI,4.9%,PPl-3.9%, QSR-3.2%, ROXG-2%,VET-4.7%,CPX-4.3%,AQN3.5%,VGG-5%,WMT-5%

I have some concerns about VET down a fair bit but looks a little better on a total return basis. PNG up over 40% on realized and unrealized returns. Now showing some earnings now will probably sell at $1.00. One of my gambles.ROXG probably not one of my better choices. I like to gamble a little bit.
Any thoughts you would like to share with me and your clients.
I’m a DIY investor.
Any changes you would suggest would be greatly appreciated.
Roy
Read Answer Asked by Roy on October 22, 2019
Q: 11:06 AM 10/19/2019

I am trying to compare PSA to TDB8150

My problem is I have already $100K in TDB8150 in my Cash acct and would like to put additional cash funds somewhere, ideally with CDIC protection. I have no more room in TFSA and RRIF accounts. So I am wondering if it is ok to just exceed the $100K amount in TDB8150 since PSA is not CDIC insured anyway. I am not interested in GICs or T-bills as these are not really liquid. Do you have any suggestions? The difference between TDB8150's 1.6% and PSA's 2.14% [or 1.74%?] seems trivial at this time when safety of principal is paramount.

I am very confused about PSA because Yahoo! gives the following data on PSA;
Net Assets 2.1B
Yield 2.16%
YTD Daily Total Return 1.74%
Beta (3Y Monthly) 0.00
Expense Ratio (net) 0.15%
Inception Date 2013-10-15

Does the yield vary from 2.16% ? I see on Aug 06 19 you said PSA has a "2.37% indicated yield", not the 2.16% mentioned in Yahoo. Why does Yahoo indicate a YTD Daily Total Return of "only" 1.74%. What yield do I actually get?

The price of PSA starts each month at $50.00 and rises in 9 or 10 steps a cent at a time during the month to end the month at $50.09 or $50.10 then drops back to $50.00 at the start of the next month. Are the earnings [interest] accumulated during the month and only paid out at month end? Is the payment in cash to one's brokerage account or are more units issued or the cash reinvested?

Thank you.......... Paul K



Read Answer Asked by Paul on October 22, 2019
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