Investment Q&A

Q: could you please comment on the chatter about the royalties/tax issues by Zambian gov't and if and how it may affect FM. thanks,
just joined 5i, because after watching BNN and managing my own portfolio for 15 years, know Peter is the smartest guy out there and admire his desire to help us plebes.

Q: I Currently hold the following energy stocks in my margin account. TD investments basically suggest to reduce energy this spring after seasonal strength. Would you remove any positions. Also looking at SCL for a long term hold. A new subscriber and already in love. My first question. Thank You. Chris

Q: Hi 5I: When I read about a company missing its earnings or some other estimate by a small amount, with the result that the stock sells off, I get frustrated. I guess that's the problem with being a statistician. Two thoughts come to mind: (1) Why are analysts assumed to have such market-moving prescience, when in fact they do not all agree, i.e., they generally give different numerical estimates? And (2) given that they don't all agree, why is divergence from the mean of these estimates (arithmetic average) given such prominence? At the very least, the statistical error of the mean should also be provided so that the statistical accuracy of the mean can be assessed. Such an assessment would most likely result in many small "beats" or "misses" being classed as uninformative which should mean fewer false market moves. As it is, many of the quarterly market reactions just contribute to general market noise. There is enough of that already without unnecessarily adding to it.

Q: Hello I am interested in one of these etf's for a long term hold. I know they are essentially the same but I would like to know if one is better than the other. It would be going into a TFSA.

Q: Hi, I'm looking for European exposure via a Canadian ETF that trades on the TSX in Canadian dollars. I know that you recommend FEZ but can you recommend a Canadian-based equivalent to FEZ as I understand FEZ is on the NYSE and is in US dollars.

Thank you,

Q: Peter, I would be very interested to get your opinion regarding the recent news that AAR.UN has closed a deal to develop a 60-acre parcel of land in Vaughan, Ont. The $128-million project in partnership with Scannell Properties includes a plan to establish a state-of-the-art distribution and sorting facility to serve the Greater Toronto Area. The tenant, FedEx, has entered into a 15-year lease.
Good news or ???
Thanks to you and your team for your valuable "service". We don't make an investment move before checking the 5i Members Questions.

Q: I am looking for some beaten down oil co for my US portfolio and I understand the sector may be volatile for a while but I am looking for some growth and excitement. I am open to any other sector if you think this may not be the right one. I do hold FEZ,IWO,QQQ,VIG,BRK.B and SLW.
Regarding SLW with US thinking of raising intereset rates wouldn't that be a headwind for gold and silver and with the US $ getting stronger are these ETF's ok to hold for the next 2-3years? Your opinion please.

Q: Is VNR a Stock that I should be holding my portfolio. Eddie.

Q: Who are the top 5 mutual fund managers out there now in 5i teams eyes, also what does 5i think of the tangerine mutual funds?

thanks

Q: Any good books you can suggest for
Investing

Q: Need to reduce my bank stocks.Would you sell BMO or TD?Thanks Paul

Q: I am thinking of adding one of these vanguard etfs (VGH or VGG) to my RRSP portfolio
for a medium to long term hold. Is there any parameters to choose between the two:( VGH is hedged and VGG is not.)

I would like your opinion as to which one you would choose- with the Canadian Dollar hovering around 80 cents US

Thanks

Q: Hi Peter and Staff: A good number of insiders have been buying (including public market buys) last few months. Is there a significance of to this activity?

Q: One of your correspondents proposed that the T1135 reporting threshold were based on "highest fair market value at the end of any given month." But this is not the case; see, for example, <http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/frgn/1135_fq-eng.html> which states that the threshold "is based on the cost amount. The cost amount is defined in subsection 248(1) of the Income Tax Act and generally is the adjusted cost base and not the fair market value."

It's worth noting, further, that "specified foreign property held in an RRSP or a TFSA is excluded from form T1135 reporting requirements."

Finally, it's possible that foreign securities held for the purpose of day-trading are also excluded (though the FAQ is rather vague on this point.)

Lots more useful guidance in this FAQ.

Q: Hi Team. Is there any new I may have missed which might account for Constellation's recent (and quite wonderful) share price gains?

Thank you, Peter

Q: Good Morning

Would you know if owning shares of BAM.A requires CRA filing of form 1135 when held in a non registered account. I can't seem to tell if this is a company that reports to the IRS or not. I know that BAM.A trades on Toronto, and BAM trades on New York and that the home office is in Toronto.

Q: In response to one of the previous comments about Teletubbies freaking him out. I lived in the UK at the height of the Teletubbies mania and my kids and all their little friends could n't get enough of the show.
It was incredible how it had such an impact both with kids and even the parents. That's why I think DHX is onto a real winner particularly their exposure to China. Wait until the M & L really kicks in.

Q: Could you comment on the investigation happening with HSBC and should I be selling at this time, thanks.

Q: Peter, here’s a challenge of sorts for you; I hope you can help. We are about 5 years from retirement. Our RRSPs and TFSAs are topped up, so we’re starting a non-registered account for excess savings. We have no need for income from the account (though, as you’ve said, it’s a good sign when a company initiates or grows a dividend). Can you suggest around 6 or 7 ‘lowish-risk’ stocks for long-term ownership? By this, I don’t mean we’re unduly concerned about volatility or short-to-medium term losses. Rather, we’d like stocks for which you think a loss of more than, say, 25% after 5 years is highly improbable. We are already topped up on banks, energy producers and REITs, but are probably a bit light on IT, Industrials and consumer stocks, amongst others. To add to your challenge, we already have fairly full positions in FSZ, SJ, WPK, ESL and DHX, all of which have done well for us, thanks to you! (ENB, DSG and BIN seem like possible candidates? But we’ll leave the advice to you.) Thanks for the TRULY excellent service and the unbiased guidance you are providing to us smaller individual investors. James

Q: This stock continues to get hammered and still hasn't cut its ultra high dividend.Even when oil makes a bit of a uptick it still goes south is this stock that at one time had promise dead in the water ?