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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,

Could you please list your top 10 stocks (rank in order 1st to 10th) in Canada and the US to purchase now for a 3-5 year hold when considering current and future values?

Thank you
Cheers,

Read Answer Asked by Jerry on December 06, 2021

Q: Hello, Between BYD and DOO, Knowing that they are both in different industries and are both great business, which is a better business with better growth prospects in earnings and revenue and with a long runway for growth. I also see that DOO is decreasing their share count whereas BYD has increased share count over the years..And which would you buy at the current market price? Thanks.

Regards,

Shyam

Read Answer Asked by Shyam on November 30, 2021

Q: Hi group can you please comment on recent weakness in these shares and what you see going fwd in the next 3-6mths Buy sell or hold Appreciate your comments

Read Answer Asked by Terence on November 19, 2021

Q: Hello 5i
I have been considering how to improve my TFSA in the New year and am asking you to advice on this. Currently I hold Bam, Magna, Boyd and Microsoft there,among others. I can replace these with Nvidia and Google. Which ones would you replace?
Thanks

Read Answer Asked by joseph on November 12, 2021

Q: Can you suggest some Canadian companies, other than in technology, utilities or finance, that you currently consider to be undervalued and worthy of consideration for a long term investor. I've done very well with your suggestions of MG, WELL, ATA, TFII, EIF, PBH, GSY. I don't mind adding to any of the latter but would like to know if you see value ( or at least promising growth from today's prices) Thanks and best wishes always - Al

Read Answer Asked by alex on November 10, 2021

Q: With respect to Ben's question, as long as he keeps documentation of the January 2020 conversion price and his 2020 tax return he will not have to pay double tax on the CG when he does sell BYD. CRA will have that information in their files as well. As long as you have supporting documentation CRA will not double tax you. Ignore the T5008 if it shows ACB of $49. When you call CRA, you typically get the most junior clerk.

Read Answer Asked by stephen on October 15, 2021

Q: Hi 5i. I was wondering if you or other members can provide insight on the following tax issue.

I bought Boyd Group Income fund in 2015 ($49/share) in my BMO InvestorLine account. When it converted to a corporation on Jan 1, 2020, my understanding was that it triggered a capital gains event at the conversion price of $202 and that I would have to declare this gain and pay taxes on it in 2020 even if I did not actually sell any of my shares. So I did this, even though I retain all my shares to date.

My issue is that for the 2020 tax year, I did not receive any documentation of the conversion in any brokerage trading summary document or issued T5008 slips, and my investment account still shows the original Cost value of $49.

I called CRA as I was concerned that when I eventually sell the Boyd Group Services shares in the future, the T5008 slip would reflect the original cost value and CRA will claim I need to once again pay capital gains taxes based on the original $49 instead of $202/share.

What CRA told me basically confirmed what I was afraid of -- that is, their assessment will be based purely on information issued on the brokerage T5008 slips and that the cost value would most likely reflect the original $49 share price rather than $202. So I may either have to pay these capital gains taxes again when I do sell, or get reassessed and get a notice saying I owe the CRA additional taxes if I use $202 as the new cost base and deal with the consequences.

Iím wondering if you have any thoughts on this. Also, if any of your other members are in a similar situation, having already paid taxes on this conversion while still holding on to their original Boyd Group services shares and if so, what they did or intend to do.

Many thanks, Ben

Read Answer Asked by Benjamin on October 15, 2021

Q: I bought REAL in juin 2020 and have averaged down on the way, ending with a large loosing position. Lesson learned about averaging down!

How do you consider the outlook for REAL? It missed estimates, but how do you like the growth, the balance sheet and the valuation actually?

Im wondering if i hold longer or if i trim around 1.5%?

Im considering the lower market to average up LSPD, GSY, ATA, WSP or BYD. How would you rank those today?

Read Answer Asked by Francois on October 06, 2021

Q: Earlier this year we created an equal weighted 'balanced' portfolio of 30 Canadian companies in a non-registered account. Most were chosen from companies either covered by a 5i research report or included in a 5i model portfolio. The remainder were chosen, based on the 5i Q&A section, from what appear to be 5i sector favourites. All purchases in the portfolio are made with the intent to be long-term holds (10+ years).

As per an earlier question we posed, we then increased our positions in 12 of the 30 companies. At this time we would like to increase our investments in 6 of the remaining 18 companies. The intent is to increase the other 12 in approximately 4 months. Which 6 would you add to today? Please rank them, include a small blurb explaining each choice and suggest an entry point. Thanks!

Read Answer Asked by Peter on September 29, 2021