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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: I am new to 5i. My question pertains to portfolio management within 5i portfolios.

I have read your paper on when to sell a security - it is an interesting article. I am wondering if you have a similar paper on when to buy a security? Members who joined at inception have benefited by your portfolios. I am following your BE portfolio and have slowly transitioned my exiting portfolio to resemble your BE portfolio. At the end of last quarter I purchased AIF, ENB, WSP, SJ, SLF, KXS, COV and VB. With the exception of WSP all are underwater.

I have read enough of your posts to gather you avoid market timing and instead take a long view of five or more years. The markets in the USA are late cycle, rising rates, inflation and global tensions are front and center. On several occasions you recommend members raise cash to protect against market downturns however your BE portfolio has a 3% cash weighting .

My question is - do you have a paper on when to purchase securities you have deemed worthy of purchase and how should members raise cash within your portfolios?

Thank you
Read Answer Asked by Glen on April 26, 2018
Q: Are any of these a buy in your opinion and if so in what order ? Thanx Robbie
Read Answer Asked by Robert on April 26, 2018
Q: There's lots of chatter about a secular rotation out of stocks and into bonds. The US 10 year treasury bond has crossed over 3% and lots of speculation about more interest rate increases coming from the Fed. I've seen declines in my bond proxies (REITS, Utilities, Pipelines, Infrastructure, etc.) over the past few weeks but in recent days lots of talk from talking heads and analysts suggesting that the market has peaked and could be time to rotate. What is 5I's position?

Carl
Read Answer Asked by Carl on April 26, 2018
Q: Peter,
Thanks to 5i we purchased CSU shares some years ago. As of close of business yesterday the shares had risen 510%. (I sold some shares last year when the weighting became to high). Now Mr. Rosen is predicting a crash or a recession. He seems to be counselling selling shares to raise cash. However why would I sell my hard won shares because of Mr. Rosen’s predictions? Investors need to think of themselves as owners of a business not “riverboat gamblers” going to get rich quick. I can assure the members that the officers of CSU are not selling their shares because Mr. Rosen is calling a market top. I once read somewhere that making predictions is a bit like spitting into the wind - you got to accept there will be a little spit on the toe. In Mr. Rosen’s case he seems to be going for a “spit polish” - maybe on both shoes!
Thanks for all you do
Jim
Read Answer Asked by James on April 26, 2018
Q: 6:21 AM 4/26/2018
I own in excess of $100K in a combination of BEP.UN and BIP.UN bought on the TSX in Canadian Dollars in cash accounts at both TDWaterhouse and at Scotia McLeod. This year TDWaterhouse issued a statement of Foreign Ownership. Scotia McLeod did not. My accountant phoned Scotia McLeod and Scotia said they are both Canadian Companies so are not considered to be foreign so a T1135 form is not required. Can you clarify this issue please
Thank you........ Paul K
Read Answer Asked by Paul on April 26, 2018
Q: Hello 5i Team,

My question is regarding the iShares Core MSCI Canadian Quality Dividend ETF. It hasn’t been around for very long and with less than 2 dozen holdings, it’s a rather concentrated fund. What do you think of MSCI’s quality screen? Would this be an appropriate core holding in a Canadian income portfolio?

Additionally, for funds with short histories such as XDIV, how much consideration would you give to the calculated historical performance of the underlying index published by companies such as MSCI, WisdomTree, etc. Are they a reliable tool in evaluating new funds?

Thank you!
Read Answer Asked by Olivier on April 26, 2018
Q: I guess I didnt make myself clear on an earlier question. I am looking for a US ETF that I can buy with canadian dollars, but unhedged. Preferably in the broad market, Technology, Financial and Health or a combination of all. I do not have a US account with my online brokerage.
Thanks again your service is supurb!
Read Answer Asked by Shirley on April 26, 2018
Q: Follow up to my previous question...

You mentioned WCN has more economic sensitivity than people think.

Does that mean economic sensitivity as a positive (example, business will improve as the economy improves; or economic sensitivity as a negative cuz rising interest rates will hurt WCN's balance sheet?

Thanks.
Read Answer Asked by john on April 26, 2018
Q: Needless to say, as a shareholder since the 1980's, I was less than pleased to see the LEON family trust battles as front page news in Saturday's Fin Post. I suppose this sort of issue was inevitable, but it should really have no effect on day to day operations, correct? It's a "quiet" stock to begin with and now I know why the share price has been languishing, but it just enhances my DRIP's.
Read Answer Asked by Daniel on April 26, 2018
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