Q: Prometic Life Sciences has taken a beating over the last few months and I am very much under water. Is this stock worth holding on to for the next two years. Is it likely to recover
Q: Greetings :)
TAX LOSS SELLING: I have two separate investment accounts held with two different brokers. I want to sell my loss-making investment from account #1 and buy again in account #2. I understand that tax loss will only be allowed if I don't buy the same stock again within 30 days of the sale. Can I circumvent the 30 day rule by buying that stock in advance in account #2 BEFORE selling from account #1? Does the 30 day countdown commence only from the minute the sale is closed?
Q: One of the articles you posted recently listed Invesco as a good dividend stock for consideration. What do you think? Does it have a good record of increasing dividends? It has been on a significant downtrend of late - is that likely to turn around in the near term? The Fed looks set to jack us US rates over the next year, so I'm wondering how Invesco would do in that environment. Thanks for you advice.
Q: With Michael's Q on D. Rosenberg interview. What I am curious about was DR's call on the Fed fund rate for next year. He was saying it should be 2.75% now and that this is what it will be next year. As I heard DR he was saying the market is unprepared for this eventuality. So first, do you think that is a reasonable observation i.e. market unprepared for that large a rise? If so, is it enough to cause a 10%-20% pullback?
Q: Have been watching both companies for an opportunity to buy. They are both showing momentum and would like your opinion on both before I buy.
Would you favor one over the other and what would your reasoning be based on.
I like for both dividends and growth.
Thanks Gary
Q: Would appreciate your analysis on these companies. Where do you see them going in the next 12 months, and would you be a buyer of either?
thanks Gary
Q: I own ENB.PR.N and it comes due to reset about the end of this year. I’m down about $4.00 and am wondering what is the prudent thing to do? The reset by my calculation would be similar to the interest I’m receiving now. Is there any advantage to selling or should I keep it at the new rate for the next 5 years and hope for an improvement? I dont imagine it will be called.
Thanks for your input on my problem.
I get a lot from your Q and A. They have given me good guidance through the years.
Q: I started my children's RESP in 1999 and at first I had the funds 100% invested in a Canadian Dividend Mutual Fund When I found 5i, I started to invest the funds solely in equities. Three years ago, my oldest started University and the RESP value was $210,000. In May before the start of the University year, I sell $25,000 of stocks to cover the cost of one year. My oldest daughter is going into 4th year and my other daughter is going into 2nd year. To date I have cashed out $150,000 of stocks and as I kept my balance in equities throughout I have a remaining balance of $107,000 with two more years of undergraduate to pay for. Over the past 19 years, the stock market has mostly gone up and down (2001, 2008, 2011). I am positive if 5i was around in 1999, the RESP would have been much higher than $210,000.
Stephen