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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: It would seem that everyone is recommending BEP and yet it is on a continuous downtrend and if I compare it to other renewable such as NEE its not looking to good. Your thoughts on this company and why we should invest in it. Thanks

Read Answer Asked by pietro on December 04, 2022

Q: Can you supply a few suggestions of dividend stocks that may be good to purchase during tax loss selling? Canadian and US if possible.
A few growth stocks would be a good balance to this question as well! Thanks, James

Read Answer Asked by JAMES on November 28, 2022

Q: What would be your top five income and growth investments for an rrsp

Read Answer Asked by Bill on November 24, 2022

Q: This is a question further to what has already been recently answered. I also own BIP.UN and BEP.UN. As we know, post spin-off there will be the new BAM, and BN. Which one of these two would best compliment my existing BIP.UN and BEP.UN positions as an add-on ?

Is it best to buy the current BAM.A now and sell the one unit, or does it make more sense to wait after the spin-off......or is too hard to call ?

Read Answer Asked by James on November 23, 2022

Q: I plan on journalling these stocks to my US account because the dividends are paid in $US. However, I am confused as to the appropriate listing name for BEP.UN on the NYSE as it appears to be the same as the one for BEPC, namely BEP. Is that correct?

Secondly, can you switch BEP.CA to BEP.UN:CA (or vice versa) in a non-registered account without the transaction being considered a disposition for tax purposes?

Appreciate your insight.

Paul F.

Read Answer Asked by Paul on November 18, 2022

Q: What would be your top picks for dividend stocks that are trading currently at good discounts and have a great recovery potential-across all segments US and Canada? One group making 3.5% or higher; one group 2-3% but have more growth opportunity? Thanks.

Read Answer Asked by Pat on November 18, 2022

Q: Hello Peter,
Greenland Renewables results did not seem to be that bad, but during the rally, the stock either stayed the same or declined. Can you comment please? During market call, the manager indicated BEP does not provide good value and feels taking dividends out of cash flow (instead of net income) does not make sense (unless i misunderstood). Also, i plan to hold AQN for dividend for long term and was wondering if that makes sense given your posted comments. Finally, is knight an example of company where one should not rely on past performance of a CEO? Thanks very much

Read Answer Asked by umedali on November 16, 2022

Q: Hi 5i,

I currently own the above noted renewable energy utilities. I am thinking of selling AQN. If I did so, (and I would like to keep it in renewables) would you recommend putting the proceeds towards one of the above or something like NPI or possibly a renewable energy ETF. Could you recommend 1 to 3 ETFs?


Read Answer Asked by Brian on November 15, 2022

Q: Hi Peter, Ryan, and Team,

Would you consider Algonquin to essentially be an income stock in the near term? Having held it for some time now, and always 'hoping' for better results, we now find ourselves underwater. (Too bad we didn't sell yesterday!!) In the Utilities sector, we also hold BEP.UN (terrific gain, CPX (also underwater), and FTS (nice moderate gain). Once the dust settles, and we’re able to sell AQN, which of our other Utilities would you suggest to put the proceeds, or is there perhaps another Utility you’d recommend? Thanks as always for your timely advice.

Read Answer Asked by Jerry on November 11, 2022

Q: What would be your top picks for Canadian large cap dividend paying stocks that are currently trading at a good entry point?

Read Answer Asked by Tara on November 10, 2022

Q: Can you please rank the above utilities for Value. I used EV/EBITA data from Yahoo Finance and got this: NPI (8), BIP.UN (11), FTS (12.7), BLX (13), BEP.UN (15), NEE (26), AQN (28)

Read Answer Asked by Grant on November 07, 2022

Q: I am planning to sell these names for tax-loss. Should I buy a replacement for each to protect against a turnaround in the next 30 days, or do you think I'm better off holding the cash for that period given the current outlook for equities. If you still recommend replacements can you offer a suggestion for each - or perhaps only for some? Thanks.

Read Answer Asked by Ben on October 20, 2022

Q: Hello,
Which of the Brookfield companies quality for the dividend tax credit?
Also, which Canadian dividend ETF’s also quality for the dividend tax credit you would recommend?
Thanks for your great service.

Read Answer Asked by David on October 19, 2022

Q: In your answer to a question on BAM.a today you indicated that it is a company you are least worried about. What are a few other companies you are "least worried about"?

Read Answer Asked by Les on October 13, 2022

Q: I hold both BEPC and BEP.UN and would like to consolidate into one. Which company would be best to hold? Is this a move I can do now or is it best to wait or sell one and wait to buy the other after the market settles a bit?

Read Answer Asked by Dan on October 12, 2022

Q: I am looking to retire in the next year, and positioning our portfolio more toward income.

Within the utilities sector we held AQN, BEP.UN, BIP.UN and CPX at close to equal weights 3.1-3.3% each (market value).

I recently sold AQN at a 20% tax loss and initiated a new position in FTS (yielding 4.25% after it's big drop). This will be a long term position.

I'm up approx 50% in CPX and even on BIP.UN.

I'm currently carrying a 16% loss on BEP.UN, and am thinking of selling it for a tax loss (I have significant realized capital gains to offset).

I'm considering either splitting the proceeds between BIP, CPX and FTS; or waiting to sell BEP after the 30 day period on AQN has passed, repurchasing it to regain the lost dividends and for diversification.

From recent questions I understand that AQN's dividend is likely safe, and is considered sufficiently different from FTS to support owning both. I like that it is at 2019 levels, and think there is a good possibility it may reward a patient investor. Is debt a concern?

Which course of action would 5i recommend, and why?
1. Sell BEP at a tax loss and split the funds between BIP, CPX and FTS; or
2. Sell BIP at a tax loss and repurchase AQN,
3. Or is there another course of action that you'd recommend?


Read Answer Asked by Cory on October 11, 2022