Investment Q&A

Q: Can I have your opinion on this etf. Has done well since the March sell off, but long term not so much. Has many of your growth favorites. Was there a recent change in management or strategy to explain this uptick.
Thanks Peter

Q: Please take as many question credits
you need to fully answer this. I would like growth and reasonably safe stocks. I have losses in all of these; should I sell and take the loss? Hold as they are likely to recover in next 6--12 months? Thanks. Helen

Q: I have a small (30K)cash account that is currently divided into three, with equal amounts in cash, AQN and ENB. I am adding more money to the account and would like to either add another position or add to one of the two securities I already have. Please advise. I do not have to worry about diversity. I just want a good, fairly safe, dividend payer.

Q: Hi, in Aug. I received 21 shares of BEPC from holding BEP.UN and I noticed that the book value was 1270.08 and today it's 1253.99. I think I received it at around 60.67 and today it's higher. Why does the book value fluctuate, and how can I find out what price I got it for.
Thanks, Nick

Q: Back in July 2020, I purchased ABBV, in a non-registered account, to get exposure to the healthcare sector and to continue to diversify my portfolio outside Canada. Since that time, I am down 16% on ABBV. Knowing 5i recommends ABBV, would you suggest I purchase more ABBV (average down)? Perhaps it would make more sense to sell it, take the tax loss, and purchase another healthcare company based outside of Canada. If your recommendation is to sell, what other healthcare sector companies would you suggest?

Q: I am thinking of selling ENB for a tax loss (again) and repurchasing it after 30 days. Your advice previously was to use PPL as a proxy. Would you still suggest the same strategy?

Appreciate your insight.

Paul F.

Q: PNG recently did a $10M "bought deal" financing at $.67. If it is a "bought deal" does that mean Canaccord are in essence buying $10M worth of newly issued shares at $.67 and they are getting a big discount (prior market was $.78-.80)? Will Canaccord be re-selling these shares to clients at a premium to themselves or just adding them to their own portfolios? Also, if Cannacord have already bought the shares why is the market reacting so negatively? Is it because of the dilution? Last but not least why such a big discount for Canaccord?

Q: I am looking for a silver play. Any suggestions? I'm open to higher risk options.

Q: I have read about Vanguard Index Funds and would like to pursue.
I have excess cash that I would like to invest long term in the broad US stock market. I DIY via Questrade - my current portfolio follows your Income Portfolio.
Which of the Vanguard funds would you suggest and could you provide the symbols for such? I'm assuming I could purchase these thru Questrade.
Thanks for your help.

Q: Hello -
According to TD Webroker, the PE for this ETF is about 23. I am trying to determine how this valuation compares to its historical past. Is this considered expensive for this ETF? I sure would be reluctant to purchase a stock at a PE of 23.

Thanks,
James

Q: I’m considering adding to my SHOP and KXS positions and initiating LSPD and CJT positions. I’m in no hurry and would like to purchase shares that have gone on sale(lol). I’d appreciate your commentary on the likelihood of the impact of two events in our immediate future and their impact on prices. My concerns involve: (1) the coming of winter and the impact on LSPD as restaurants shutter, potentially for good and (2) the impact of the US election if the result is dragged out for weeks in an ugly transition of power. I have no problem buying today, and I know you don’t recommend timing the market as there is always something to worry about, but it seems foolhardy to not consider the impact of events staring us in the face. Thanks for the guidance.

Q: Hi! I would like to build a portfolio of 20 stocks that include both Canadian and US holdings that contain a mix of growth and defensive names with a stronger weighting to growth(say 70%/30% growth to safety). What names would yo allocate to create the portfolio. Thanks very much.

Q: can I get your thoughts on the Cloud Computing EFT (CLOU)?

Q: Your thoughts if this company please, will pick up soon it as been on a decline for over a month now, i did not hear any news on it.

Q: This one is very speculative ... For whatever reason, is it conceivable that ENB would slowly remake its business over the next 15 or so years from oil transport into a renewables subsector?

Q: Looking at my portfolio, would there be any changes you would make? All of it is held in my TFSA, I'm 24 and don't require the money for atleast a few years if not much longer.
I know I'm very tech heavy but I like the exposure to high growth industry leaders. If I should adjust which would you sell/trim and which would you buy.
I also have 10k CAE shares held in another account.

Thanks, Dan

Q: I bought some FNV last year and exited my position in April 2020 (too soon but still a double). I am thinking of returning to gold as I now have none (and feel uncomfortable with none).
a) Is this a decent time to return?
b) Should I return to FNV now that it has dropped back from its high?
c) Or should I choose one of GLD:US, IAU:US or SGOL:US and if so which do you prefer?
Thanks for your help.

Q: I have CHR in my Riff acct. Is it worth holding for an upturn in next 6--10 months? or should I sell? Please suggest a growth alternative ? TFII or TMX?
Take additional credits if needed for full answer. Thx. Helen

Q: this is down quite a bit since August/2020 when I entered my position.
Is most negative news for oil/gas priced in?
If you were existing holder, would you add to your position, hold or sell?
I love the dividend but is it sustainable?
They have been buyers of distressed companies like Painted Pony but is their balance sheet and lending facilities strong enough to purchase more distressed assets?

Q: This is actually a followup question to your answer to Steve's question from earlier this morning.

I also hold a core position in TRP. Dividend investor. Intended to hold 'forever'. I'm 43.

I couldn't tell from your answer to Steve's question whether you view TRP as a 'BUY', 'SELL', 'HOLD' or 'GRADUALLY TRIM UNTIL DIVESTED'. You had previously opined that oil will likely subsist as a fuel source in demand for 20+ years. That would take me to age 63. What do you think is the likelihood that TRP continues to pay and grow its dividend for say, 50 years? I know given the time frame, this is a very difficult, speculative, predictive question, but your guess is better than mine. I don't want to hang on to this position only to have to sell it at a massive loss 20 years from now, but that is the scenario that appears to be gradually unfolding now.

I hold a fairly concentrated portfolio of 20 companies, equally-weighted, and each is selected with the intention of holding for their sustained, rising dividend payments in perpetuity. When this is threatened, either imminently or in the medium to long-term, I sell. I sold SU when they cut their dividend and am glad I did.

Given this context, should I exit TRP? If so, should I use the proceeds to start a new position in AQN? I already own FTS and EMA, would this be too much overlap or too much utilities exposure? If so, I am relatively light on Consumer Discretionary (only hold CTC.A in this sector and have been eyeing QSR - do you think a switch from TRP to QSR would make more sense?

Please deduct as many credits as necessary, this was actually *many* questions in one.