Investment Q&A

Q: Sorry for yet another CSU question! As a long-term holder of CSU, we've made a hefty profit….not as much as it was, but still hefty.

Having said that, I need to rebalance our portfolio, which I can easily accomplish by selling some, not all, CSU.

Is portfolio rebalancing justification in this scenario?

Thanks in advance for your valuable insight.

Q: My daughter is starting a TFSA and as a full time student she doesn't have a lot of time. I have suggested a couch potato based strategy with rebalancing. I believe there are now ETF's that incorporate the whole strategy and the rebalancing and I am wondering if you have a few options to suggest with Canadian equity, international equity and a smaller bond component. Also if she wanted a buy once and hold forever type stock, what might be a few stocks to look at?

Hopefully this question goes through - I wrote up a similar one and even though it said success after submission the credits have not reduced and I don't see anything. I think this may have happened twice.

Q: what is your opinion given the recent sell off due to the founder leaving. Does the company have the people to lead it back to positive territory?

Q: I have been waiting for a bounce to sell Adobe but like CSU its gone into free fall. I am also thinking of adding to CSU Would you wait for a bounce and sell Adobe? Or sell Adobe now and switch into CSU? Or sell Adobe now and wait in cash. I know market timing is tricky but if you were in my shoes what is would you do?

Q: Negative outlook from TD today
Is your view still constructive?
Thanks

Q: Most retail/5i investors appear to have concerns about precipitous drop in share prices of Constellation Software and the other two companies, since Jul 2025 and have sought advice. Your comments in recommending to hold the positions ( and even a best ideas to buy ) have been consistent, despite Technical charts looking horrible and shares continue to make new lows with no signs of change in sentiment due to AI related fears, expected to abate any time in the near future.

5i Balanced portfolio combined weight is down to 10%, as at Dec, 2025, from 14%, at the start of the year, and perhaps will be lower, today.

These Co's have dragged the performance of the Portfolio down ( 5i and ours), significantly, over 2025 ( acknowledging huge contribution consistent outperformance over several years ) and the trend continues this year.

If you were managing clients' money, in the real world as a Portfolio Manager ( like Peter did for many years, brilliantly ), would you act differently, at some point, considering constant deterioration in Technical picture and bleeding price of the stocks, instead of holding on a large weighting in the Group, prompting you to reduce the positions (protecting clients' capital), instead of HOPING for a sentiment change, in the future, as much as you believe in the Co/Management/History, while market is telling you otherwise.

My sincere apologies, if the question sounds frustrating !!

Thank You

Q: Hi there,

Are you bullish on commodities going into 2026? If so, do you have any recommendations for ETFs in the commodity space?

Thank you!

Q: Given Trumps latest musings about credit card companies and capping their interest - how negatively will that affect PRL and it’s business plan?

Q: Consellation seems to have no love right now. Is it a mistake to make a swap if one has a gain? Seems like it keeps falling. Do you still like this stock even though the momentum is so negative?

Q: Which company HPS.A or ZDC has the most growth/risk going forward?

Thanks for your service!

Q: Is this a good time to initiate a position?

Q: I feel that these companies have been quite opaque in their communications with investors to date. Do you think that a bit more clarity on strategy, market conditions and future opportunities would help stabilize the market sentiment.

Q: What are the three or four most interesting US or Canadian growth stocks, irrespective of sector, for purchase now in your opinion?

Q: I am looking at your Income Model Portfolio report at Dec 31, 2025 and in particular the chart called Portfolio Total Return with Benchmark as Base (%) 5-Yr. How do you calculate the 21.6% number? The model portfolio's cumulative total return for the 5 years ending 2025 appears to be 50.85% (from 1.0857^5-1) versus the benchmark's total return of 35.10%Blackrock's website for XTR), which results in a difference of 15.8% vs your 21.6%.

Q: Up 60% on Tti . Should I be trimming here?

Q: Any news on PNG to account for drop today? With all the attention on Greenland and the Arctic, I would have thought it would be a positive for PNG.

Q: With the weight loss drugs now moving into pills, it seems like they will be even more popular. Do you have any suggestions of specific companies whose stock will benefit from this going forward. Or has this horse already left the barn.

Q: What etf's or companies might you recommend for infrastructure that would benefit from Carney's special projects going forward?

Q: Hello 5i
Could I have your 5 top picks for small caps stock in Canada and the US.
Thank you
Dave

Q: AXON reached an all time high in the first week of August 2025, and then the share price plunged about 40% until about mid November 2025 when it started to recover.

What event, or series of events caused that steep decline?