Investment Q&A

Q: I am interested in your view on the best strategy for selling stocks to raise cash in a non-registered account. I am looking to sell 1% of my total portfolio, and my thinking is to either A) take this out of one or both of two stocks that are the largest (each about 5%) weighting in my portfolio or B) sell my least favourite, lowest weighting, stocks (energy producers) with 3 stocks comprising 3% total weighting.

With option A) I could pare one of my largest holdings back to 4% or both of them back to 4.5%. One stock is ENB, in which I have a 30% gain and the other stock is AAPL, in which I have a 350% gain. ENB pays a 6% dividend, which I am reluctant to lose, and which benefits from the dividend tax credit. AAPL pays a 1% dividend, which is fully taxable and easier to give up, but I will have to pay a sizeable capital gains tax. I have no stocks with losses that I can sell to offset the gains. You have always advocated hanging onto winners, and both of these stocks are "winners" in a way, one for income and the other for growth.

With option B) I could sell half my energy producer holdings. I bought the energy stocks as a "lottery ticket," expecting at least a double if and when energy prices rebound. I hold CVE (up 25%), ERF (breakeven) and WCP (up 32%). They are roughly equal weight, so I could achieve my goal of selling 1% of my portfolio by selling just one of these three stocks.

Which stock(s) would you recommend I sell and why?

Q: Hi,
Can you tell me what you think fair share value is for Aritzia now? Ive held it less than a year, and am thrilled with being up $8 (almost 50%). Im just trying to decide if the best part of this ride is over or if it has potential and reasoning to make more solid gains. Even if you think growth will continue but slow down from the current pace, I will likely sit on it a while. I just dont want to kill my returns by waiting if its likely to stagnate for a while.

Thanks

Q: Can you please recommend an Active ETF and Momentum ETF that you would consider buying How often Active and Momentum management change their portfolio.

If possible in Canadian dollar.

Thanks for your great service.

Q: What would be your favorite U.S. industrials for the near and longer term? Either mid-cap or large cap would be great!

TIA!

Q: I have had a small position in Keyera since before the oil price crash. It is still down 20% and even the most optimistic forecasts will only bring it close to my cost price. Its dividend is about the same at PPL, is lower than ENB and higher than TRP. ENB is my only other pipeline stock. I could sell KEY and add to ENB or open an position in PPL or TCP. Which do you think would be better for income and a little growth?

Q: Recently there was a negative comment about Governance at NVU at a BNN Tonight market call (Jeffrey Olin) . In past November 5i team made the comment that valuation was attractive (price=30), now price is slightly above 31, Do you agree that Governance is an issue ? and do you still believe that valuation is attractive ?, TDW shows 2020, P/AFFO =17)

Q: Morning boys:
Is it time to step back in this name?
Thx
Mark

Q: Hi Team!

I'd like to add some names in the energy space given its beat up status. Can you provide 3 names that would provide a proxy on a recovery in this area?

Q: How would you compare BLX and INE ?

Q: Hi Team
is there any etf that are similar to VGG that is focus on Asian?? is there any you would recommend for a long term hold?

Q: Hi guys. In your opinion what is the best way in Canada to get some gold exposure? Would you buy a specific company Like AEM or WPM or just go with an etf like XGD?

Q: Can you explain how GPN was better than the newer fintech plays like SQ + PYPL last year?

Is this a trend that will continue?

What's going on in this space?

Thanks as always.

Q: Wajax and Transcontinental have several things in common : mid single digit p/e, moderately high yield, relatively safe pay-out ratio, and a turnaround in earnings seems possible. Can you think of any other companies whose profile hits the 4 previously mentioned criteria. Thank you.

Q: CSW.A I owned this one oncemany years ago for quite a while and sold at nice gain. I am thinking of buying back at the current price? Seems to have minimal debt. - high pay-out ratio of 146%, liquidity ratios are great: dividend sustainable? Place to park money and earn a good dividend & would be a very small % of my portfolio?

Q: I've been listening to Larry Berman for a while now on Bloomberg and I am curious about your opinion of his BMO Tactical Dividend Fund.

Q: Huge volume on this one today on news of a new business strategy. Would appreciate any information you may have on this small cap company.
Thanx Gary

Q: Please share your recent views on this company. Also, can you please provide 5 names for both Canada and US which have very high risk but very high potential. Thanks

Q: Hedging Strategies- With the recent run up of stocks, what are the suggested preferred options to protect ones portfolio gains from significant market correction to the downside? Selling existing stocks will lead to considerable taxation in my current scenario, with most investments being outside RRSP Accounts. Please provide a few ideas.

Q: I am looking to increase my investment in Canada and US/International healthcare. Do you have any suggestions? Thanks

Q: When evaluating various US listed ETF's for dividend growth and stability )eg: DGRO, VIG, DGRW, SCHD) is there any value or merit in looking at the p/e ratio of the ETF itself to determine value as another metric before a purchase. Many thx. Steve