Investment Q&A

Q: Is there some way to score-board enhanced-yield Canadian bank ETFs/funds that assigns more weight to the factors that make more of a difference? Yes, fees add up, but even over the long term it's hard to see how basis-point fee differences could outweigh percentage-point yield differences. And won't either of these factors be outweighed by distribution tax treatment and, especially, by central bank rate-pivoting?

Further, in side-by-side comparisons, 5i often prefers larger ETFs (recently, for example, when comparing CBNK vs BANK.) But given large-cap banks' similar value-propositions and tendency toward mean-reversion, why should higher AUM matter (other than w/rt second-order effects like trading liquidity)? Put another way: what, if anything, could a new entrant to this sector do to make themselves attractive to 5i?

Please add to the supplied symbol list if other names provide more instructive comparisons.

Q: I'm looking at my legacy pile of preferred shares of which I have never been fond and wondering if this isn't a good time to sell and invest in a bond ETF such as XHY. I know you have expressed ambivalence about prefs but have also said in better times the class can do better. However, yields are roughly comparable, I can use the loses and invest the proceeds in XHY or a different bond fund which you might suggest, keeping the investment on the fixed income side of the page, Many thanks. al

Q: Hi 5i, looking to buy one of these Brookfield perpetuals. they all have approx. the same dividend. I like the liquidity of M but cant tell if one of them is cumulative. Can you help me out and rank them. Thanks

Q: I don’t see i-80 gold corp in the list of questions, what are your thoughts?

Q: Hi,
In general most of the Cdn banks have turned up lately, some more so than others, but it is the TD that I am most curious about. On Jan 3rd and 4th, there appeared to be very large buying volume, yet by the 5th it started to trend downwards, out of sync to the others. Was there a news item on TD that I've missed? As the Big Six tend to move in the same direction, this caught my attention. So I'm wondering if there is a reason and is it something to be concerned about?
Many thanks!
Dawn

Q: In addition to your answer to Patrick on MPLX on Jan 10: There is also the new extra-tax on US LPs to consider now...

Q: I hold some Canaccord Genuity Group preferred shares. Canaccord announced a few days ago that they are looking at taking the company private. But the offer is only for the common shares and not for the preferred shares. It sounds like the company will delist their common shares from the TSX, but its preferred shares will continue to be listed. Should I be worried about this? Thanks.

Q: what is the outlook for shares in STEM (US) please?

Q: Good day your thoughts on PLD please
Thanks

Q: Your analysis of AXSM.US would be appreciated. Any news on the reasons for the large drop.

Thanks

Thomas

Q: I stumbled on Verde Agritech today. I did my research/due diligence steps and decided I like it. What do you think?

Q: hi team: XGD.ca
this stock has done well recently, the seasonal trade for gold is off season
is it related to the collapse of one of the bitcoin stocks? or the weakness of the US dollar? time to add some more or hold or take some profits?
thanks
Michael

Q: Reviewed your reply of Dec. 8/22 to Christopher. I purchased Telus for my riff some while ago @42.00. My Thoughts are to tsf to my tsfa for my 2023 contribution $6500.00. This would bring it back to cost base and wait.
Can I have your thoughts and or suggestions? Naturally if it is sold it is a total right off.
Thanks
Rick

Q: Peter; When the tech sector “ rolled” over it was hard to decide,at the time, whether one should buy the dips, sell, or sit. I’m concerned the oil sector might do the same thing with yield only holding up the sector. How do you decide if a sector is rolling over or not ? Thanks
Rod

Q: Please provide your views and commentary on Emerson Electric (EMR). I'm thinking it likely has good opportunities in respect of anticipated increases in infrastructure spending in the US.

Q: When managing multiple TFSA accounts, the rules are not always clear. Could you please let me know if my interpretations are sound.

I have two self-directed TFSA accounts with an on-line broker. My understanding is that the total amount I can contribute to both accounts in a year cannot exceed my available TFSA contribution room for that year.

Am I correct in assuming that the following scenarios are allowable and have no tax consequences:

- Contribution room created by withdrawals from one TFSA account in the previous year could be used to make contributions in either or both TFSA accounts.

- Holdings can be transferred from one TFSA account to the other account at any time without the need for contribution room, as long as it is moved directly from account to account by the broker.

Thanks.

Q: Why the big drop in price today?

Q: What are your top 4-5 stock picks for 2023 growth and/or inflation protection ?

Q: Given that LSPD is not yet profitable and since they owned close to 4 percent if I’m correct in the FTX. Crypto (now bankrupt), to me their future has been significantly compromised. I can’t believe I indirectly held crypto!!!!!!! Comments?

Q: Dear 5i team.

I'm considering adding to my IHAK position but wanted to clear up something with you first.
In the archives, you mentioned that a combination of CRWD/NET/PANW would be an alternative to owning the ETFs IHAK or HACK. Are you still of this view? Do you still prefer IHAK to HACK?
Are the valuations of these holdings back to a level that reflects current realities?

Many thanks for your help.