Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good day. I’ve been holding my stocks for just over 3 years without much adding subtracting and balancing. I have a few stocks that have declined quite a bit over that time. I think it’s time to sell a few of my losers and reinvest in better companies. The two equities in question are in a RRIF account. Magna is down 53% and CSW.B is down 31%. Each represents about 1% of my portfolio. Do these companies have a hope over the next 12 months or should I sell and move on. Can you recommend a replacement equity to purchase with the proceeds. Thanks

Asked by Robert on January 16, 2025

5i Research Answer:

We would be OK keeping MG a little longer, to see how the stock fares with lower interest rates....

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