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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’ve been wondering if I should make some amendments to some of our investments in the financial sector which amounts to 20.75% across four registered portfolios for me and my wife. We are both close to 70 and need a little income from our investments. Dividend payouts are barely keeping up with withdrawals from the RRIFs.

We own stocks in four major Canadian banks:
Toronto Dominion TD – 3.43%
Scotiabank BNS – 3.43%
Bank of Montreal BMO - 2.87%
CIBC CM – 3.51%

We also own:
Power Financial PWF - 2.42%
Sun Life SLF - 2.87%

And
Ship Finance SFL (US) - 2.22%

The four banks were bought at different times and have all done quite well overall, some seeming to move ahead while others were lagging and then the picture changing and the positions being reversed. I know you like BNS, but I was wondering if it is a good thing to spread the investment over four institutions for diversification.
Same question for the insurance companies. This time around, I bought them both at the same time, but Sun Life has done better than Power Financial.
Ship Finance is a recent purchase and too soon to comment on.
In separate correspondence after my initial message didn’t get through, I note you answered my question that that you think the financial sector should be 15% – 20% of a portfolio.

Thanks for your advice.
John M
Read Answer Asked by John on July 10, 2014
Q: Good morning Peter and Team,

I am holding some cash in my son's RESP and given the sell off today, I thought this might be a good buying opportunity. I have 3 years before I will need to start accessing the funds. The account current holds: DHX,WSP and BXE. My questions to you are - would you buy today or wait a little longer to see how deep this pull off will be and what stocks or sectors would you reccomend. I was looking at CGX, Teck and Surge energy but I am open to other suggestins. I also like bank stocks but they seem expensive.
Thank you for your comments.
maggie
Read Answer Asked by Maggie on July 10, 2014
Q: Aston Hill? It truly baffles me why AHF trades down on a positive press release about AUM. Does this company hit a wall of selling because it issues stock to make acquisitions. It acts like no other stock I have owned and despite apparent good news it has not shown any stength for a very long time. What am I missing?
Read Answer Asked by Sue on July 10, 2014
Q: Aston Hill AHF reported their 2nd Quarter AUM numbers yesterday.Could you add any color on this release?
Read Answer Asked by edward on July 10, 2014
Q: exchange income fund eif down about 15% 2 days is there a spot you might consider entering
Read Answer Asked by andrew on July 10, 2014
Q: I recently sold some Amaya (AYA) for diversification, and bought AutoCanada (ACQ), and was told this was a correct move. The problem is that AYA kept moving up, and ACQ down. So this clearly amounts to a move too soon. How long do you estimate ACQ is likely to trend down or stagnate ?
Read Answer Asked by Serge on July 10, 2014
Q: Peter and staff
Could I please have you opinion on Air Canada (ac.b) and Cargo jet (CJT).
Cal
Read Answer Asked by cal on July 10, 2014
Q: EIF - should I add to my position, on the current weakness? Why is the stock falling so hard in the last sessions?
Read Answer Asked by Eric on July 10, 2014
Q: Orange SA (ORAN US) could you please comment on this Telecom?
Read Answer Asked by Jeff on July 10, 2014
Q: Good morning, I would like your opinion on Sphere 3D and EXO U. They often are compared to one another on Bay Street. Sphere has had an unbelievable 12 month return but cynics believe ANY has not much and its a stock promote given management has done this before with BioSign and also promoted Orbite. On the other hand EXO which has had a nice move post announcing their new Board of Advisors and is run by the Montreal Hypertech family which is a very well respected billion $ private company. Please let me know your thoughts on both companies. Thank you
Read Answer Asked by R on July 10, 2014
Q: CQE.Its price has dropped fr.$3.04 on 6/12.On 7/7 announced the completion of sale of its non-operated asset @ Ansell & proceeds of some $141m will be utilized to develop its Montney asset. Your expert view as well as whether it is buyable now.What is CPP's ownership now?Thanks a lot
Read Answer Asked by Peter on July 10, 2014
Q: General question.Please provide your implications when comparing the closing price of stock on the day that the bought deal equity financing is completed.For example, on 7/9,POU closed @ $58.22 vs financing @ $60 plus $74.4 for flow through shares; & 2)INP @ $2.29 vs $2.30 financing price.On 6/18 EFN closed @ $12.81 vs $12.75 financing price.Thanks a lot
Read Answer Asked by Peter on July 10, 2014
Q: Hi team,
With the recent turmoil in the Middle East,and inflation numbers above 2%,the price of GOLD has been acting better over the last three weeks.
Consequently I,ve noticed the volume doubling on SAS Goldfields shares and it's share price appreciating 20% over the last two weeks. Technically GOLD is seasonally strong in the summer, and my dilemma is knowing WHEN to sell .I am up 8% on SAS and keeping a very close eye .....what do you suggest?
Thanks a Million
Read Answer Asked by Jean on July 10, 2014
Q: may i have your thoughts on, 1) central banks owning 29 trillion of world equities. 2) the demise of the petro dollar and how it would affect n.a. markets if the saudis start selling thier oil in other currancys (yaun, ruble, gold,etc.) tkx pat
Read Answer Asked by patrick on July 10, 2014
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