Perhaps Wayne (and others) would be interested in Gordon Pape's article on binary trading/binary options. The article was written over six years ago, but the regulators haven't acted yet. Thank goodness that 5i "has our back"!
Q: you have mentioned that twenty to twenty five stocks in a well diversified account is optimal. With both US and Can trading accounts in my RRSP would that be 20/25 in each account or combined. Thanks for all you do Ross
Q: I have a Canadian dollar RRSP with a significant portion of US dividend paying stocks, to avoid dividend withholding tax. My RRSP is charged $10 per trade but otherwise there are no fees appearing on my statements. The dividend amounts from US stocks appear in Canadian dollars. Although my investment company has US and Canadian dollar accounts for non-registered investments, there are no US dollar RRSP's. I often wonder if, and how much, I am paying in exchange fees when my US dividends are converted to Canadian dollars. Will those currency fees be included in the new disclosure rules? Thanks!
Q: Hi 5i team
A friend sent me a note on binary trading. I had never heard of it before but when I googled it I got mixed reactions. Is it a scam, are there questionable people involved or can you in fact make money. I am a little suspicious. Appreciate your thoughts.
Q: my rrsp account is as follows IT 24% FINANCIALS 20% ENERGY 17% MATERIALS 7.5% INDUSTRIALS 7.3% CONS. DISC. 5.7% HEALTH CARE4.7 %TELCO 2.6% UTILITIES 2.5% OTHER 8.5 %. WHAT CHANGES WOULD YOU MAKE IF ANY PERCENTAGE WISE. THANK YOU
What's your suggestion to a retiree who needs guaranteed income over 4%/yr and protection of capital. Doesn't wanna capital be in bonds maturing 10+ years.
Q: I would like to have a decent return but preservation of capital is a priority. Please provide your opinion on CIBC Canadian Bond Index Fund – Premium Class CIB585. I am aware that you recommend the ETF CBO so would appreciate your comparison. This would be in a non registered account.
https://www.cibc.com/ca/mutual-funds/no-load-income/can-bond-indx-fund-premium.html
I have a general questions about how trades are executed on an exchange. When there are multiple bids for the same stock, is there an order on which ones get executed first? Is it first in first out or do traders get to pick and choose? Is it the same with sells? Thanks.
Q: Over the past few years I have purposely avoided the materials and energy sectors. By doing so I outperformed the market from 2012 to 2015. This year the market is outperforming my portfolio handily largely due to large increases in these sectors. Could you provide 3 companies in each sector that I may consider purchasing for a long term hold. I am interested in companies that pay a dividend and have some opportunity for capital appreciation.
Q: Hi, probably a delicate subject but what has happened with the growth portfolio? There are some big wins, but also some big losses. Obviously, not every pick can be golden but do you not have some safeguards on your positions such as technical sell points etc?
The income portfolio is great, but it is hard to have confidence in the growth portfolio at this time to be frank.
Q: I repeat my question. I am an aggressive growth investor and would like to know if these 4 companies fit my profile. Realizing that you do not my portfolio, I would still like you to
forward your favourite 6 or so growth companies. Unless you have a compelling case, I do not invest in resources ( mining, gold, oil/gas ).
FIRAN, EXCHANGE INCOME CORP.,DBOX,TECSYS-TCS
Thanks for your great service and advice.
Q: Looking to build a small portfolio of energy stocks that are diversified about 6 names that have a good growth potential and are in oil, gas , coal, uranium.
For well over 100 years there have been stock manipulators, stock operators and stock traders...such as one of the classic and considered the best all time operators, and he did it back in the ~1910 - 1920 era, Jesse Livermore who was more concerned with beating the market, specific stocks & futures, than actually concerned about making $$$ even though he could and did routinely make millions in a year back in say 1920!
They, the "movers" will move a stock - buying or selling some - to get it moving and then once other investors, such as retail investors and institutional investors, take notice and start buying into the stock the "movers" starts selling or close their short for a profit.
This is often all that is happening when a stock moves and there is no news or incident to be found. Most "Investors" want to know why for everything but in reality there is nothing to know other than movers doing their daily business of attempting to make $$$ in the market.
There are so many different interests and money making approaches used from around the world.
Not everything is explainable. Such as why GUD or CSU is rising lately. Note CSU is down today as it just hit a resistance level from before. Kinda predictable I think from a technical perspective.
Q: Please name a favorite slow and steady value creator for each of the 10 sectors. I noted with interest the comment you made in your updated report on Magna. Thank you.
Q: I am considering purchasing a $5000.00 5 year bond paying 5% per annum from Solar Share of Toronto. This bond is RSP eligible. Is this a reasonably safe fixed income investment? I have other blue chip stocks in my RSP. I will not need this money for many years.
Is there a tax efficient way to purchase the bond with existing RSP funds? I would like to avoid withdrawal fees from TD, the bank that holds the RSP.
Thanks, Brenda
Q: Can you please explain "rate reset preferreds" in simple language for us dummies. Having been burned in a preferred share ETF, that I thought was relatively safe, in the past, I'd like to know the risks and advantages.
Thanks, Len
Q: A question about using currency ETFs to play an appreciation or depreciation of the Can. dollar against the U.S. dollar confused me. Would I not do better just holding the currency I thought would be stronger. Doesn't either ETF come with fees I could avoid by just holding the respective currency?