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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 keep reading all the questions about oil and gas stocks and I can't help but think "why do we keep holding on?"
I signed on with Liberty International (David Driscoll) a few years ago, When I handed over my portfolio, I had 40 names in the oil and natural gas space, He looked at them and asked "what"s with all the oil and gas stocks?" I didn't know how to answer him. They were all the usual suspects we keep hearing about on BNN. He said "we're getting rid of them all." I refused. He said "fine, we'll keep a pipeline."
That was the best investment advice in my life. That moment saved me hundreds and hundreds of thousands of dollars...literally...and a ton of grief.

To my fellow 5i investors, my 2 cents of advice: don't overload on the oil and gas names. If you must, pick one, And only give it 5% of your allocation.
I've been trying to do this myself for 40 years. Some things are just better left to the pros: doctors, accountants, lawyers, chefs, general contractors, dentists, drywall tapers, money managers...
Read Answer Asked by Carlo on August 07, 2019
Q: I hold VET and PXT as my exposure to energy in a non registered account. (I also hold ENB and PPL but consider them more utility). I am thinking of replacing VET with WCP for the following reasons: 1) I get a big tax loss but keep my energy exposure the same. 2) I do not lose much on the dividend and, although I think it unlikely for both, VET is more likely to cut than WCP nad 3) if oil finally recovers, WCP has more torque. Does this make sense?
Read Answer Asked by Don on August 06, 2019
Q: The last question I asked (below) was about a name in CAD.
The answers were about ETFs in USD.
Thank you for providing names in CAD.
Question:
Could you please suggest a Gold bullion ETF in CAD - Not a "paper ETF" but an actual physical like PHYS? Thank you.

Answer:

We would be fine with PHYS here. SGOL is another option, holding physical gold bars in Swiss vaults
Read Answer Asked by Genevieve on August 06, 2019
Q: Good morning...I am trying to find information on the dividend tax credit for individuals with no other income...it was explained that it was for all individuals ...my understanding that those individual that have no other income but dividends are treated if holding Canadian corporations...can you confirm or do you have a link for better understanding...Thanks
Read Answer Asked by Matthew on August 06, 2019
Q: how would you value in order of risk these six u.s. div. companies and would you invest funds in these companies in our economically uncertain times....thanks for great service...gene
Read Answer Asked by gene on August 06, 2019
Q: Hi 5i
I'm looking to increase both industrials and telecoms. Any suggestions (CDN and/or US) for me to consider at this time (including reason please)?

Thanks
Mike
Read Answer Asked by mike on August 06, 2019
Q: Gold went up on Friday about $25; yet there was no upward movement of the gold bullion etfs, gold royalty companies, and gold mines which usually follow suit. Do you have any suggestions as to this discrepancy? Thanks for your opinion!
Read Answer Asked by Pat on August 06, 2019
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