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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: Hello 5i,
I would like to add a comment regarding Richard's post about his friend's LIF. My wife also had her entire LIF in RBF 461 and we finally chose to move it to RBC Direct Investing and put it all in XTR. This immediately reduced the MER significantly and increased the distribution income as well. In terms of holdings, I believe XTR is about as close as you can get to RBF 461 in one holding, although there may some others out there as well.
While making this move we also took the opportunity to tweak some other aspects of the LIF such as payout amount and frequency, withholding tax amount and added our children as Contingent Beneficiaries. While we could have done some of this without making the move, it was very easy and quick to do with the change. This, along with some recent experience as an Executor, motivated us to add our children as Contingent Beneficiaries to all of our other Direct Investing accounts that we could.
Please note, this is not meant to be a recommendation of any kind, merely a personal anecdote for what it is worth. I hope it is of some help.
Cheers,
Mike
Read Answer Asked by Mike on July 19, 2018
Q: What is your opinion on CQP for a long term hold. I see a lot of analysts have a buy rating on it.
Read Answer Asked by Ed on July 19, 2018
Q: I like credit cards. I hold Visa (6%) and Mastercard (5%) and I'm considering buying American Express but worry about too much concentration. It doesn't seem to move in tandem with the others, perhaps because of different models and being on different exchanges. What do you think? I have no banks, but do have a couple of insurance companies.
Read Answer Asked by John on July 19, 2018
Q: My 20 year old son has been building a portfolio based on your balanced portfolio with the occasional growth substitution (like TV for TECK, SHOP for CLS...). He is in university and has funds to cover the next three years. His portfolio is heavy in technology (30%) as that is what he understands the most and where he is comfortable. He holds 17 positions and is missing the following: AEM, WEF, WSP, CAE, BYD, ENB, PKI WCP. He has funds to add one position today and two more in the next couple of months. Suggestions would be appreciated. Currently has only 10% materials, 10% industrial and 0% energy.
Read Answer Asked by Paul on July 19, 2018
Q: I would appreciate your comments about the very old and sleepy closed-end fund United Corporations Ltd (UNC), which trades well below its NAV. In particular, how safe would UNC.PR.C be as a long-term source of steady income? I recognize that the preferreds are quite illiquid and hence one would want to hold them for the long term.
Thanks!
Read Answer Asked by Gregory on July 19, 2018
Q: What do you guys think about all the bond proxy stocks that have been beat up due to their high yields? Is it safe to pick away at a few, what are your favorites in the group for yield with growing dividend?
Read Answer Asked by Kuldar on July 19, 2018
Q: Hi 5i....I've had this company on my watch list since about a year ago. It had negative momentum at the time and last answered company question was in 2017. At the time you suggested TFII which has also done well.
I see it has picked up on the momentum side in the last 6 months but I don't really see any news to account for this. Is it's performance simply just tied to the economy (e-commerce or transport sector?) and thus the appreciation? It has made several acquisitions over the last few years so perhaps has better pricing power now.
Any update on your opinion or still to small vs other trucking companies?
Is TFII still your favourite CDN in this sector?

Thanks for all you do!!!!
Steve
Read Answer Asked by Stephen on July 19, 2018
Q: I recently purchased these interest sensitive stocks with the idea of obtaining good dividend paying companies at a reasonable valuation. Each are a 3% weighting. Too much in this sector? If rates continue to rise, can these companies pass on any increase? Are these companies OK if there is a gradual increase in interest rates or should the sector be avoided?

Thanks
Dave.
Read Answer Asked by David on July 19, 2018
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