Investment Q&A

Q: https://braxtonwm.com/

I am interested working with Braxton Wealth Management. Can you give me your opinion on this particular wealth management company.

What are your thoughts on their investment / management style.

please be candid about your thoughts, pros and cons

also are there any tax implications by dealing with a non canadian company?

thanks

Ernie

Q: your current thoughts on oatly and beyondmeat please; each for medium-long term holds.

Q: Just to add a line about the rif withdrawal reported by Judith, i did my withdrawal earlier than scheduled. I had it scheduled for dec 15 and i did my withdrawal somewhere around the 10th. I thought there might be the possibility of error and so i called back on the 14th to check. Everything was ok. But, in doing so, i also noted that when you click the drop down box for rif contributions, it noted that the contribution had been made. Maybe a worthwhile thing to check in the future. That doesn’t apply to Judith’s situation, with apparently the cra demanding withdrawal, which as you say, seems bizarre. But it is perhaps a useful way to check if you withdrew early

Q: Stock down a fair bit. Your thoughts on 2024 outlook. Would the possibility of a major delay with Trans Mountain weigh on this sector. cheers

Q: What is your outlook for US Homebuilders? Considering the recent runup, is it too late to get in now? I am considering either Pulte Group (PHM) or just buying the ETF (XHB).

Q: Happy Saturday 5i researchers,

With rates peaking and might be cutting next year, bank shares seem responding favourable. What about insurance sectors? Do you see tailwind for insurance sectors as well, or they are different from banks? Thanks.

Q: I have the above stocks in my TSFA account. All about equal weighted. Which stock would you add the $7000 2024 contribution to?

Or do you not favour any of the above and have another suggestion?

Thanks for everything and happy Holidays to everyone.

Dave.

Q: What does the outlook look like for these 3 stocks, how do their fundamentals compare and if you could only pick one, which would you choose? Thanks.

Q: Nippon steel buying u.s. steel $14.9 bln , $55, at a 40% premium to dec 15 close, would you expect a rise in the stock prices of astl and drx.
many thanks

Q: How much of Sea's business is E-commerce, which will experience competition from the TikTok deal.

Q: I am looking for a US small cap ETF that is hedged to the CAD. I have been looking at XSU. Fundata in the globe and mail indicates that it follows the Dow Jones US small cap RT index but has been doing worse the this index. My questions are:
1) Do all small caps follow the Dow Jones US small cap RT index?
2) what is your impression of XSU?
3) is there another US small cap ETF that you would recommend?
thanks

Q: Note to Judith. I had exactly the same issue with my rifs on december 6th. Plus, I had made my Fathers complete rif withdrawal before this date and they went ahead, did it again and charged him tax on the excess withdrawal. Wasted a day on the phone getting it all sorted out.

Q: I’m guessing someone else already asked a similar question, but just in case: Do you still see NBLY as a good arbitrage play after the revised purchase price of $18.50?

It’s definitely frustrating (I guess that’s one of the risks when there’s a majority shareholder) but given the share price has adjusted lower I’m thinking it’s still a good arbitrage play from today’s price?

PCP already owns over 50% of the company so the risk of this not going through appears low)?

Q: Can I get an updated opinion of KITS, thanks.

Q: Would you add some after today’s drop? Or wait till it settles down?

Q: I know you don't believe in timing the market but after the last few years i've ended up with a fair bit of cash on sidelines, yielding around 5%.
Post pivot i'm now thinking about when/how to deploy. Assuming interest rates have peaked and we start seeing cuts in 2024 i expect cash yields to start decreasing as well.
So if you wanted to "broadly" deploy your cash reserves throughout 2024 how would you proceed? Thinking some mix of SPY, RSP, EMV (much smaller allocation) as I have retained most of my high convinction Canadian stocks.
Dollar Cost Average monthly or quarterly
Wait for next broad pullback, we know it's coming just not sure when. Can still get a nice cash yield while waiting.

Q: I have had strange issues with my discount broker and RRIF payments.

I discovered that on December 6, two RRIF accounts were put into a negative cash balance, without any action on my part. I was told by my bank that this happened because CRA directed the bank to complete RRIF withdrawals for the year immediately, due to a concern that there were so many new RRIF accounts this year that the withdrawals could not be done in time.

With much effort and many phone calls, this action has been reversed and appropriate withdrawals made.

However, the more I think about it, the stranger this seems. Why would CRA change the rules suddenly without any notice?

I have successfully managed RRIF withdrawals for over fifteen years. I was waiting for significant dividends to be paid into the accounts on December 15 before making the final withdrawals.

I am wondering if anyone else has had the same experience.

Thanks,

Judith

Q: Can I report a capital loss on a foreign stock in a non registered account?

Q: Rick Reider is managing BRTR a new income etf. Does it pay a dividend or does it operate as a total return instrument? Are there any income etf's trading in the US that instead of paying a dividend provide capital gains instead similar in result to the corporate class structure from Horizons? Lastly does Horizons have any US dollar income etf with a corporate class structure and if so would you recommend it? Thank you.

Q: Hello 5i
Some time ago you were positive on Lending Club. What caused you to sour on it and with interest rates about to drop does that change your view?
Thank you
Dave