I have a question about TFSA accounts. Are the maximum limits to the TFSA cumulative? For illustration purposes, say if the limit were $5,000 per year for 5 year period, the maximum to contribute is $25,000. But if during that 5 year period, I only contributed $10,000, am I able to make up the $15,000 difference in year 6?
Throughout year 6, would I be able to contribute $20,000 ($15,000+$5000) and does it have to be one lumpsum? I am a bit confused, because every time I make a contribution to the TFSA, the bank has a statement that warns about overcontributing for the year.
Q: Like many I have lost a lot of income due to dividend reductions and suspension. What companies have a balance sheet, positive cash flow, attitude, and good prospects going forward?
Please rate the ABOVE following best first as to the above criteria, add others that meet it.
Thanks
AD,ARX,ALA,AQN,BEP.UN,BNE,CM,ENB,FSZ,IPL,NFI,PIF,PSK,SYZ,TOG,T,TOU,TD,WCP,ZWH,ZWE
Q: I have over 60% of my portfolio in cash waiting for a significant pull back . Regardless of sectors what is the top 5 stocks both In Canada + US you would buy when and if we have a downturn, Do you think we will see a significant downturn or do you recommend nibbling away on swings. I am a moderate risk investor Thanks in advance for your guidance
Q: Lately there has been much hype about there PROTX 2 system.
Please give me your comments on this company and if you would
consider it a good buy at this time. THANKS
I have been taking profits of SHOP but only to see it going up. Currently I still own some 8% of it in my portfolio after selling some early this morning. My capital is more than fully recovered. Should I still trim it down to 5%?
Q: I own some shares of Chorus and of course am down significantly. I'm wondering about the merits, in your opinion, of selling the CHR shares to harvest the loss and buying AC as a way of staying in the sector with our national airline and a probable recovery when Covid is history.
Q: Can you please comment on the company ADRs shares issue and the strength in the stock which is well above the issue price. Is it a buy at this level? Thanks.
Q: Hello Peter and team.
I do re-balance the portfolio every 6 months, (June/Dec), These are the 10 names in my bag and they treat me well:
ZNQ 55%,
TSLA 9%;
FB 6%
MSFT 6%
SOXX 5%;
GOOG 5%;
AMZN 4%
AAPL 3% ;
CSU.TO 4%
Cash 3%
1. Would you suggest to trim ZNQ to the level, say to 50% ? to free up the cash then add any other names, or top up some of those existing individual names? or vice versa? stick with current no change need to be made for now?
2. in a long run, what might be the biggest risk in my bag could lose the alpha (Index)
Thanks for everything !
Q: Hello
In today’s Globe and Mail , a financial advisor , suggests that Canadians should consider alternative investments in addition to stocks and bonds.
Investing in alternative assets for individuals can mean investing in funds that hold assets that include commodities, infrastructure like airports or highways, land and real estate,
Can you please recommend a few funds that are holding alternative investments?
Thank you.
Q: Hi 5i, I last asked about Tesla on Feb 6. It was trading about $750 then and has recently bounced off $1030 and closed about $930 today. Since that time, arguably very challenging for the automotive industry, much has happened at Tesla (Chinese factory operation and expansion, Berlin on the way, Wall street opinion reversals and increased targets, record Model 3 orders, reduced car prices, Model Y deliveries commencing) and this week, announcement of the Semi starting production and Cybertruck is in the wings (with rumoured +500,000 pre-orders). (And the SPACE X launch - a cousin enterprise to Tesla).
Has your opinion changed on the company ? I am a long term holder.
Q: Good day 5I Team
In multiple accounts (3 registered & 2 none registered).
SIS (1.75% / -19% total PF) ,
CAE (1.3% / -16%) ,
WSP (1% / +2%)
RTX (1% / -2%)
NFI (0.2% / -59% )
XBC ( 0.2% / -8% )
Your suggestion, which one to Add, Hold, & Sell for long term growth ?
Thanks
Best Regards
Q: Hi
I hold stocks of Starbucks, Parkland, Parklawn, TC Energy.
I would like to get your outlook on these companies going forward in this volatile market. Do you see them as having good fundamentals and re-bounding back in 2021?
With the US election taking place in Nov 2020 and if Biden is elected, how will this affect overall market and will we see the stock market on the downside again?