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Amazon.com Inc. (AMZN)
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CGI Inc. Class A Subordinate Voting Shares (GIB.A)
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Vanguard S&P 500 Index ETF (VFV)
Is today a good day to invest in Canadian Company CGI? What is a good target buy price?
Also I hold Amazon in an RRSP and Vanguard in an RESP. Is it a good time, with the market drop, to increase holdings?
Thank you,
Jovan
This of course is a market timing question, and the answer is we really do not know. We are entirely sure AMZN and GIB.A survive the current mess of a market, and will recover. We just cannot put a timeframe on it. VFV represents the S&P 500 and it will also be fine, given enough time. Markets could bottom this afternoon, or in a year's time, or even longer. We would take a look at holding period. If an investor can hold for 3+ years, and for sure does not need to take money out in that time, and will not panic if there is further volatility, then we would be OK chipping away on the buy side. CGI has a very large backlog which gives some level of comfort. AMZN of course is Amazon, and had $115 billion in cash flow in the last 12 months. It will survive whatever is thrown at it.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in AMZN, VFV.