Investment Q&A

Q: I have several beat up stocks that are now small holdings so looking to clean up the mess a bit and reduce my holdings to a more reasonable number. These are all in my unregistered accounts so will generate a tax loss although that wont do me much good this year with no likely gains to harvest.... So my general plan was to sell some and consolidate in other holdings I already have: ( use as many credits as required)

Sell HSE ( 1/4 position ) and add to my 1/2 SU . I get the tax loss to carry forward and move from HSE that is mostly heavy oil to SU with less downside.

Sell CHW ( 1/4 position) and add to my 1/2 SJ. These 2 don't really match up well like HSE and SU but the CHW is such a small position, unlikely to move until late in the recovery and with the div suspended I think I am going to take my lumps on it. I am a bit lite on SJ anyways.

Sell my MX ( 1/2 position) and add to my MAL ( 1/2 position). Once again not good matches but these 2 are small position in the same account. MAL hasn't done much in terms of stock movement but has generated a good yield over the many years I have owned it. I am not feeling the love in the energy sector for the next few years and I have a felling that the good old days in oil and gas might be at an end with the cost of solar improving and the steady growth in electrifying transportation....

And last sell 1/2 position of AD and buy ALA ( 1/2 position). Once again not a great fit in terms of sector but yields are comparable and ALA is essentially a utility ( and not a oil and gas) so should be a somewhat stable yield.

I wish I had a few big winner I wanted to sell to harvest the tax losses now but will just need to put them in my pocket for the big recovery in a hopefully not to distant future... These moves reduce my small holdings, Get rid of some holding you don't have in your portfolios, de-risk my portfolio somewhat and finally move that money into companies a bit better placed to maintain their dividends during covid/post covid

Q: I have about a 1% weighting in each of the following names in my portfolio: MX, PLC, BYD, MTY, ALA, NFI, TFII, GIB.A, MFC, SIS.
I want to refocus by eliminating 3 or 4 of these. Sector allocation is not a factor. Please suggest 3-4 names to eliminate (list the most obvious to eliminate first) and 2-3 good candidates to boost today (best first).

Q: Greetings 5i team,
I realize that these companies are not from the same sector but am looking at a hybrid recovery/mixed industries theme for the purchase of two or three of these companies.
How would you rank them in order of priority for a min 3 yr hold?
Thank you for your work
SP
P.S. Based on the feedback I have read on Portfolio Analytics, I have become more tempted to give it a try

Q: 3 questions
- is MX a good opportunity at this point in its cycle? (give me some thought on the cyclical nature of this company
- What other Brookfield stock should be purchased to go with Bam or should I just stick to the parent company Thanks for your help on this
- Good entry point for BYD or wait a bit so far I have 140 shares @$200 (give me some thoughts on the price appreciation going fwd

Q: Hi,

Is it a good time to buy MX?
Considering the debt level. Is the dividend covered and is there good growth potential for revenue?

Q: Hello Peter,
If you owned these as full-positioned laggards in your portfolio, but were also a patient, long-term investor and appreciated the dividends, which of the following would you currently hold, sell or add to at this time? FSZ, AW.UN, CSH.UN, T, EWJ, HCG, MX, KBL, APR.UN, ZPR, NTR, TECK.B and CN?

Q: Thoughts on this company as things start to open up ?

Q: Please comment on current quarter results/outlook for these two companies. Thanks, regards Greg

Q: Good Morning
I currently have 37 positions spread over 3 accounts(RRSP,TFSA,INVEST). Most if not all are or at one time been in 5i’s model portfolios. Many of these are currently at 1.5% or less and although I believe they all have varying levels of potential their current weighting in my overall portfolio will have little impact unless they all go up. I believe I should consolidate the listed group, do you agree and if so which ones would you keep? Proceeds would be added to the remaining names.
Thank you for your continued advice and guidance.
As a side note you advice regarding non action in turbulent times is proof positive. Aside from harvesting some tax losses and buying proxies for a handful of names, my portfolio is now bordering on even for the year.
Publish if you wish

Q: Your thoughts on these 2 companies for longer term investors. Are the dividends safe(ish?)

Thanks

Q: Can you please provide upcoming May 6th, Q results, expected , consensus etc.
Thanks

Q: I have held these for income and am down substantially. . All are in registered accounts. Are any of them in danger of bankruptcy? Are any worth holding and/or adding to at this time?
Thanks
Gary

Q: Down 65%, I am considering selling for tax loss opportunities this year (and last). Since it appears to be the dominant producer in its space, do you have any suggested proxies (or other near proxy approaches) ?

Q: HI Gentlemen,

I, like most on this board, tend to buy stocks that you put then into your portfolios and sell the stocks when you remove them.
You also seem to instill in us the investment practice not to panic in crazy markets when there is no bid for the equities, for this too shall pass.
So, I was rather surprised in your March 17th email to us suggesting you were going to take MX and CSH.un out of the portfolios.
On march 17th MX was approx 65% lower than it was in the prior month, and the lowest its been in the past 10 years.
On March 17th CSH.UN was approximately 50% lower than it was the prior week.
My question is two fold.
Why did you sell at decade lows when there was ample warning that things were going poorly for these companies? MX was been plummeting more or less since 2018 when it was $100. What took you so long to sell and why at the multi year low?
If you waited this long and the stock had been performing so poorly why did you not revert back to your philosophy on how selling stocks in this type of market might not be the most rational idea.
MX is +30% since it was removed from the portfolio and
CSH.un is +18% approx.
I'm not using 20/20 vision here I am talking about investment philosophy on these 2 issues.

Thanks

Sheldon

Sheldon

Q: On March 26th, in answer to a question, you said you removed MX from the balanced portfolio. When did this happen?

Q: With today’s PR, do you think the dividend is safer. If they were going to cut they would have done so today. I know they can still change their their mind, but what are the odds.?
Also, do you think methanol prices recover faster than oil in the next say 1 year.
Lastly would you average down ?
Thanks

Q: Which one of these, if any, would you sell to increase my tech sector allocation? Can you please rank them as well.
Alternatively, if they all have good long term potential, I have the flexibility to increase my equity allocation with additional cash. Please let me know you thoughts and thank you!

Q: The above TFSA holdings have not performed well and of course, are not eligible as tax loss harvesting. This is one of the potential downsides of TFSA investments. Please give me your thoughts on which ones you would move on from and without worrying about sectors, some replacements you think will recover well. Thanks again for your guidance.

Q: Methanex was $13.25 last Wednesday when I was contemplating averaging down my $55.00 price. Today it is $21.06. Who is buying? Someone for a possible buy out of the company? I cant help but think that with plants idling everywhere, when the virus is over (whenever that is) we will have super inflation the likes of what we have never seen. No supply and tons of demand. Am I right and who would be interested in Methanex, if anyone. Do you think it is too late now to average in?

Q: Please suggest replacements for the above stocks. I want to harvest some capital losses.