Investment Q&A

Q: Hi Team 5i!

I am building a portfolio using the Balanced Equity portfolio as the centrepiece of the portfolio and ultimately am looking to hold a 30 Fixed Income/70 Equity mandate with about 70% of the equity mandate allocated to Canada. What products should I use to fill out the Fixed Income and US/International equity positions? Ian

Q: If I renew my membership now with the ETF promo how does that affect my existing membership M y membership doesn't come up until August.

Q: Which would be your first choice, if any, to move to a full position from a half(-ish) position at today's prices?
ZCL, XTC, SIS, PHO, GPS, CXI, TOY

Thank you.

Q: I would like to reduce the number of REITs in my portfolio but strike a nice balance in industrial, residential, commercial and perhaps care homes. My present holdings include CUF.UN, AP.UN, CAR.UN, GRT.UN, AAR.UN and SRU.UN. Which of these would you eliminate and what might you add?

Q: This is to bring to the attention of those who use TD webroker. The T5008 that was sent by TD to Revenue Canada(RC) reported the full proceed of disposition without subtracting the commission. There are two issues here:
- If you are using the trading summary as an input to your tax program, the net proceed will not match the net proceed that is reported to RC which is particularly important if you have a large number of trade.
- If you are using a tax program with Auto-fill and you don't report the commission as "expenses related to the transaction then you will be paying higher capital gain than you should.

Q: You haven't commented on AGT since the conference call, but judging by your prior remarks, their earnings report was decent enough. So I'm wondering: why the big slap-down following the report?

Q: Saw George's question regarding US dividend withholding tax rate, just a reminder, don't forget to complete the W8BEN form and submit to your financial institution, once completed, the form is good for 3 years and need to be renewed before expiry. With the form on file, the US withholding tax is 15%, otherwise, it will be 30%.

Q: What happens to US dividends received in a RRSP? Is the 30% withdrawal tax applied?

Q: I'm sure you have questions about what's up with CXI. Any thoughts? Would you buy more today?

Q: After the acquisition, the stock has went down about 25%, would recommend to book loss or hold? or buy more?

Q: I have been a member for a couple of years and you have been my "go to advisers" .
Thanks to you, I have built this non reg account.
In the non registered account I have the following approximate holdings:
5%--FTS;IPL;H;MFC;SU;STN;PWF;BAM.A;
7%--BEP.UN;CTC.A
13%--CCL.B;ENB

I have $40,000 in cash. Retired with a pension and medium term(hopefully) horizon.
Reading your Q&A, I should rebalance CCL.B and ENB to 5-7%

Additional ideas for the rebalanced cash and the remaining $40 thousand.
Many thanks for the usual, calm, balanced, patient answers.
Paul

Q: Hi 5i,
Following your Q&A for awhile and I have built this as my RRSP.
I have another $20,000 to invest. Looking for two more names (or more for choice). Very long term...kind of a buy and hold person.
Appreciate your advice and direction.
Thanks Paul

Q: Hi 5i - for those of us still holding some Amaya - what would you suggest after the recent run up? Is it time to sell and move on or continue to ride the upward momentum? Thanks, Neil

Q: Can I please get your take on DNG? I have been looking for a small cap gold stock that has actually performed well over the past 10 years and it appears DNG has done just that despite being a little volatile. Being a processor instead of a mine operator it gives the impression of being more of a toll both. How is the valuation and insider ownership? Thanks

Q: Logistec is at 3 year lows - are we at a level that one can buy it and put it away as a long-term infrastructure play or is it a value trap seen more correlated to commodity price sensitivity? Thanks for your service.

Q: CXI has been continuely drifting lower even after received its long awaited schedule one bank license. Please give reasons for the poor stock performance and recommend buy/sell/hold for a 2 years holder at $35.30 average cost (3% of my portfolio holding). Thank you.
Bill.

Q: I own the following reits (or similar real estate focused equities) in our non-registered portfolio: ap, ax, car, d, fcr, hr, kmp, nwh, hot, cuf, aar, csh, sru, tcn. Collectively they account for close to 16% of the portfolio's value with most being 1% and only hr and ax being around 3% each. My question relates to a concern being expressed in many recent articles about the sensitivity such products have to rising interest rates. I'm wondering whether or not I should, in your opinion, be reducing my exposure here, and if so, by roughly how much and from which holdings. I am in a positive position in all of them with the exception of d, and overall they have been a very helpful part of our investments! As always, thanks for your valued opinion. Don

Q: Please share your thoughts on the quality of the management, insider ownership and the general prospects for shareholders with this company. Thank you.

Q: I don't believe you're involved in predicting commodity prices but that won't stop me. Do you have any opinion on the Zinc supply/demand situation and specifically on TK as a possible high risk/reward name. I don't generally invest in junior mining stock. Spent too many years in mining for that.

Q: In the likes of the Buffets, Jobs, Zuckerbergs and Bezoses, which companies in the Canadian markets have leaders or management teams that could be classified as genius or top calibre capital allocators? Goodman at Knight comes to mind. Also, which younger companies have leaders that you see showing early signs of these traits? I would say Shabazi at TIO Networks fit the bill, but he sold out to PayPal. Looking for your list of the best of best; present and future. Thanks.