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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: Perhaps I missed something.Do you have a report out which is recommending a 'wholesale change' to your portfolios?
Read Answer Asked by maurice on March 12, 2020
Q: Hi 5i
Just so you know, I was going to ask a very similar question to the one asked about potential portfolio adjustment. I too read into your answers as preparing to repair a damaged portfolio.

My concern here is after reading most of 5i answers and trying to align thinking like long term manager, 5i takes this opportunity to wholesale change the portfolio. To make a move of this nature for an investor with skin in the game would suffer huge losses where it is a key stroke for 5i.

I can only hope to be profitable sometime again in the next ten years.

Dave



Read Answer Asked by David on March 12, 2020
Q: I wonder whether you could tell me what you mean when you use the phrase “do not need to be owned now.” I have both VET and WCP. WCP, at least was in the green for me until this sell off started, and higher fairly recently. Both were recently described as OK, albeit within a riskier sector.

I might not “need” to own them, but I do. Selling now would lock in a massive loss, percentage wise, and provide little capital to redeploy.

I’m not asking that you advise me to sell or hold, but in such circumstances, were it you, would you take the loss (non taxable account) and buy a tiny amount of shares in something more stable, or would you do nothing except turn off the TV, stop reading questions like this, and come back in a few months?
Read Answer Asked by Danny on March 12, 2020
Q: I see in many of your answers to questions you mention that certain 5i Portfolio companies are 'under review' eg MX.

Currently the TSX is being devastated. Including most stocks in the 5i Portfolio.

Of my holding currently where most were profitable a month ago they are now as follows:
BYD - 17%
BRP - 40%
Goos - 57%
CCl -47%
ENB - 23%
EIF - 24%
ET -17%
GC - 57%
Lspd - 44%
MMX- 42%
MX -70%
PPL-40%
PBH-22%
STC-39%
SYZ-39%
SLF -20%
BCE-15%
GSY-10%
NWC-33%

In this type of situation are you now going to possibly state that you have decided to sell the equity from the portfolio? EG on Mx that would crystallize a 70% loss. etc etc.

Many of us follow pretty religiously your buy/sell suggestions and given where these equities are now, isn't it too late to take them out of the portfolio due to the losses they will cause ?

Thanks

Sheldon
Read Answer Asked by Sheldon on March 12, 2020
Q: I am a retired income investor. Before the first big drop I was lucky enough to sell any stocks that I deemed to have a questionable balance sheet but kept things like BCE and ENB leaving me approximately 50% cash. It would seem prudent at this time to do some swaps to capture capital losses but not increase risk much and leaving me with a capital loss carried forward. eg. Sell BCE and buy Telus. What do you think of this?
Read Answer Asked by Don on March 12, 2020
Q: Good day,
This stock seems to be holding quite well in the .present debacle. What is your analyse of it ? Would you buy it now ? And could you explain me, in simple terms, what they do ?
By the way, your report of March 19 on special opportunities was nothing but "WOW" ! Most appreciated !
Thank you for your outstanding service,

Jacques ids
Read Answer Asked by Jacques on March 12, 2020
Q: Hello Team,
May I have your thoughts on both Invesco and Lazard asAmerican Asset Management companies.
Both I believe have growth and the valuation has been blown out of proportion.
If not, would you recommend siding with Morgan Stanley or JP Morgan as the better choices.

Thank you
Read Answer Asked by Massimo on March 12, 2020
Q: Hi there,

I'm currently in 100% cash. What are typical signs of a rebound and that the turbulence is over and how long does it usually take? In other words, traditionally what signals would one use to know when to buy back into the mark. Also, for simplicity sake, what ETF would you recommend buying to get torque coming of the bottom or that would lead out of the bottom/recession?

Thanks!
Read Answer Asked by Michael on March 12, 2020
Q: Just a comment: This is becoming frightening. The media needs a new focus, something else to talk about. They are creating too much fear. Unfortunately good news just doesn’t make for very interesting news. Not that I wish for different bad news but something else needs to happen to get this off front page news.
Read Answer Asked by Helen on March 12, 2020
Q: In rebalancing just before the coronavirus and oil correction I find my self in a 27% cash position. { 18% American and 9% Canadian } . In following 5I's advice I decided to weigh in slowly. And am mostly looking at 5I's list of 10 stocks to purchase. First purchase JPM for a 4.6% position. Two days later and another large correction. I hadn't planned on another purchase this quickly but SLF { for a 3.5% position } is looking attractive at this price as the yield has reached 4.3%. CAE is also on my list but I think waiting and observing market reaction might be prudent on this one ..... My question is .... Should I be shopping by price entry points on stocks I like or by treating the market as a whole and wading in by observing and making my judgements on volatility ? I guess the question is stock versus stock market ? Also in a question this morning I got the impression 5I gave the edge to MOC over X . X is on my short list as well but with US cash to deploy MCO is tempting as well. Am I correct in my assumption you like MCO a little better in this sector ?
Read Answer Asked by Garth on March 12, 2020
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