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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: Hello Peter,
Yesterday the markets were cautious, today they seem exuberant. The stocks that I want your opinion on, have snapped back from the Friday of the referendum and near their high. Trading is thin that adds to the volatility too.
My portfolio adjustments involve exiting a position in IGM and buying KXS, SH NFI and PKI. Would you buy now or is there a probability of a better opportunity when the market adjusts to the snapback? Is there any of the ones mentioned above where you would be cautious of initiating a new position at today’s prices? And if now is as good a time as any which ones would you start with and which would you wait for a better entry point? I have not been very convincing to myself about replacing IGM with PKI and trusting your professional expertise. Could you tell me why PKI is better? As always, appreciate your viewpoint.
Regards.
Read Answer Asked by Rajiv on July 14, 2016
Q: I noticed that you sold igm in your model portfolio and made a comment about being glad not to be in the mutual fund business, as this month they are required to disclose all their fees. I notice that igm hasn't been doing well lately. I am kicking myself because i did not get out when you did. I know you don't have a crystal ball, but i was wondering what your feeling is about igm? Best to bail out now, as it may continue downwards or hang on for possible upside before selling. If i had sold when you did i would be fine. Now, i am a little down. C'est la vie, eh?
Thanks
Read Answer Asked by joseph on July 07, 2016
Q: Your response to Grant on the above topic sparked a question in my mind.

When I read your response of IGM vs CIX i believe, if I comprehend your response clearly, you seem to prefer CIX as it has many benefits over IGM.

However IGM is in your income portfolio and CIX is not.

Can you clarify, if I were to buy one or the other would you reccommend CXI over IGM?

Thanks
Read Answer Asked by Sheldon on November 03, 2015
Q: Currently IGM comprises about 2.3% of my portfolio and is in an RSP. Total Financials are 27%. Dividend payback is about 4% but I think I should take my losses of 20% and utilize the proceeds in Communications (5%), Basic materials (1%) or Utilities (5%). What do you think? The other option is to add new money to the low sectors and hold IGM.
Thanks
Bob
Read Answer Asked by Bob on May 22, 2015
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