Q: Hi 5i Team,
I subscribed to the service, which I really enjoy by the way, in December. I have started to work on building a "5i" portion in my RRSP and TFSA. My plan was to over the course of the year attribute around $3,000 per month to 5i stocks until I have 20 selections. Unfortunately the stocks I have chosen for the last 4 months have performed pretty badly and I am off around 7% YTD. I picked CFN, PKI, WIN and LIQ. My next investment plan is for May. With that said, should I:
1. Take my licks and sell any of the above?
2. Buy more of any of the above to average down?
3. Buy another stock? If so which would be your selection?
I subscribed to the service, which I really enjoy by the way, in December. I have started to work on building a "5i" portion in my RRSP and TFSA. My plan was to over the course of the year attribute around $3,000 per month to 5i stocks until I have 20 selections. Unfortunately the stocks I have chosen for the last 4 months have performed pretty badly and I am off around 7% YTD. I picked CFN, PKI, WIN and LIQ. My next investment plan is for May. With that said, should I:
1. Take my licks and sell any of the above?
2. Buy more of any of the above to average down?
3. Buy another stock? If so which would be your selection?