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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: My 40-year-old daughter has $42K in her RRSPs with Scotia Bank. Her advisor put her in two funds. BSN378 and BSN385. One is 45% invested in basically bonds and 40 Canadian stocks. The other is 12.3 % cash and 47 Canadian stocks. The exception is 2% invested in Microsoft. I assume there is a lot of duplication between the two funds investing in the same Canadian Companies. The MER is close to 2%. Apart from this being a travesty - I would like to move her into a self administered RRSP with a mix of a balanced ETF and three other stocks. She is regularly adding more money. She won't be withdrawing money from this account for at least 25 years.

Would you kindly suggest a suitable balanced ETF.

The three stocks I would suggest for a long term hold would be BAM, SHOP and ENB. Could I have your opinion or options please. Deduct as many questions as you see fit.

THANK YOU!
Bryan
Read Answer Asked by Bryan on November 17, 2020
Q: Which utilities do you prefer for income and some growth?
Read Answer Asked by Sam on November 17, 2020
Q: Could you please rank above Tech stocks in order of preference that you would purchase or hold right now. I have all except CRWD and U, but they seem to be coming up in your lists more frequently.
Read Answer Asked by Neil on November 17, 2020
Q: I hope I didn't misunderstand a recent response from your team on this ATD.B. Would you be saying that without an acquisition there is little growth for this stock? Assuming no acquisition taking place in the next couple of years, would you still invest in this company?

One other question. Do you see them dramatically increasing their dividend as the company matures in the future?

Thanks.
Read Answer Asked by James on November 17, 2020
Q: I am trying to learn how to sell losers but it is complicated. Having held BYDDY for a few years I finally sold it just before it shot up this summer (whine). I plan to sell Western Forest Products at a big loss and reinvest the funds. Will you recommend a stock or two for the funds; I'm considering WELL or REAL or both, as I have partial positions in both? Thanks, Cathy
Read Answer Asked by Catherine on November 17, 2020
Q: Please advise your thoughts on holding US equities in a tfsa.
Read Answer Asked by Peter on November 17, 2020
Q: Hi, I have a question about Blackberry. The company seems to have multiple decent software, but the problem seems to be in the sale departement. The newly president is a software sales specialist, and right now he seems to build a new sales team. Do you think he can be the missing part to see high growth sales again for Blackberry ?

Read Answer Asked by Yannick on November 17, 2020