Investment Q&A

Q: Hello and thanks for all of the great responses and reports.

I bought MG in the $35 range and have enjoyed the run up but think it is pretty much fully valued. I have trimmed some earlier this year and would like to move out of it into a lifeco which most folks seem to think have more room to run. Which big boy do you think has better upside SLF or MFC?

Thanks
Jerry

Q: I have a position in MFC and thinking of making a switch to SLF for more growth and stability, what is your opinion? Thank you for your response.

Q: 9:16 AM 9/4/2014
Hello Peter....
Best withes on the ride!
I have owned a 1.4% position in Great-west Life [GWO] and a 1.7% position in Sun life [SLF] since December 2013. SLF is up 11% and GWO down 1% since I bought them. These are held primarily for income. I would appreciate your opinion on whether I should just do nothing and collect the dividends which are about the same for both companies [SLF 3.5% and GWO 3.8%] or whether I should sell the GWO with essentially no loss or gain and put the money into SLF, in the expectation of a little more growth. Is it worth the diversification to own both?
Many thanks...... Paul K

Q: Good luck Peter ... happy cranking... Ryan I am about to add a rather substantial amount of pension $$ into my account. I am completely covered in the Model Portfolio with existing RRSP's ...should I just step into purchasing Income Portfolio at the 5% allotment giving me 39 stocks in my total portfolio. Can you give me some direction please. TY.

Q: MFC is a cheaper stock and lower P/E than SLF, so why would you prefer SLF

Q: Hello,
I have been slowing adding stocks from the model and income portfolios over the last 3 months. I currently own G,DHX,BAD,SGY,ESL,SLF,DSG & SJ. All with 5K original investments. I now have another 15K to invest. Should I buy more shares of the stocks that are down that I currently own (BAD&SJ) or add new positions? If new what stocks would fit best?
Many thanks
Luke

Q: Could you recommend a couple of high quality Canadian companies with US exposure that might substitute for holding US companies? I own Stantec, TD, and CN, all of which I think quality as having at least some exposure. Thank you.

Q: My portfolio is lacking exposure to insurance cos., aside from a position in US Financial ETF (XLF) whose biggest holding is BRK.B. Which insurance co. would you recommend and why? GWO, SLF, MFC, FFH?

Q: Hi Peter,
Our portfolio is comprised of five accounts. Within the portfolio we have 12.2% in finance plus another 8% in REITS. The strictly finance stocks & percentages are:

MKP 3,5% (in TFSA & RIF)
BNS 3.1% (in Inv acct)
GS 2.4% (in Inv acct)
TD 1.6% (in Inv acct)
EFN 1.6% (in Inv acct)

Question: MKP is probably a bit weaker company than the others. Would it be reasonable to switch it for SLF, and would SLF provide a similar overall return to MKP over 3 – 5 years? Or do you have a different suggestion as a MKP replacement? Or would it be reasonable to keep MKP, which has provided a great distribution and a small CG.

The REIT holdings are:

HR 3.2% (in TFSA & RIF)
MRG 1.9% (in RIF)
REF 1.6% (in Inv acct) (CG of 125%)
AP 1.3% (in Inv acct) (CG of 150%)

Question: Would you make any change to the REIT holdings in the TFSA and/or RIF?
If the overall finance holdings are a bit high, perhaps the sale of a TFSA/RIF REIT would be appropriate to make room for a material stock. The only portfolio holdings in materials are MCR and G.

Many thanks. Bob

Q: I was stunned to see that Sun Life tops a list of Corporate Canada's mountains of cash - a recent Globe and Mail piece - with $6 bb. Could you speculate what they might do with it? Hopefully not purchase a US mutual fund like Great West did with Putnam! On the subject of lifeco's I stumbled across an ad for a class action lawsuit with Manulife, the stock that was touted to be as safe as houses. If you purchased shares between 2004 and 2009 - which I did - you should register here http://www.classaction.ca. It's free to join.

Q: I just rebalanced my holding in AYA. With the proceeds I am considering adding to either SLF or CGX. My avergge cost of SLF and CGX is pretty much at their current market value. At today's valuation, which purchase has greater upside? Thank you.

Q: Hi Peter and Team, regarding SunLife, SLF, your thoughts on their results and how you feel the stock will react tomorrow morning at open? Thanks!

Q: Greeting Peter & Co.
While I am currently a little nervous about the stock market I don't want to miss buying opportunities for quality stocks. I am considering adding to my very small position in Sun Life Financial, my only financial holding. Also, I am considering increasing my exposure to Canadian financials by initiating a new position in TD Bank.
I would appreciate you thoughts on these two potential purchases.
With appreciation,
Ed

Q: Hello Peter and Staff
Should I be concerned re SLF. Since purchase, based mostly on recommendation here, plus some personal research, on Feb. 28 it has been steadily down - almost 5% - in less than 4 wks. Is there something new in the interim. Should I hang on hoping to make up that 5% and perhaps make a little more over the balance of the year. Thanks very much

Q: I am just starting out and have about 4000 to start a portfolio. How many stocks would you recommend and which ones for growth?
Thanks

Q: in my growth portfolio which one should I keep - SLF/TRI/PWF - or another suggestion (3 years)

Q: If you could add one stock to your model portfolio, what would it be?

Q: Hi Peter

Thank you for your great advice . I am slowly weeding out the crap in my portfolio . I need your advice on SLF.PR.B...I am down 5000.00 in a regular account..do I just sell it and look for other opportunities? The other is FFH.PR.E. Down 13000. So what should I do . This one is in my RRSP ..
Your advice is greatly appreciated .

Candi

Q: I would like to buy T and SLF. Both charts look great, but both stocks are at 5 year highs. Are you comfortable with buying at these levels or would you wait for a pull back?

Q: Good morning
With the TSX market being so high after such a good run, what would be your choice for a large cap growth stock with a good yield for a TFSA account for retirees.
Thanks Jean