Investment Q&A

Q: I have BEPC as a renewable play which has gone down for the last year. Is the renewables hay day over? I see oil and gas stocks climbing but not renewables. What is your outlook on the sector in general and in particular, this holding?
thanks

Q: Withdrew $75000 plus in calander year 2021. Assuming I can contribute $75000 plus $6000 in 2022 .
The contribution will be stocks from my unregistered account. My choices to contribute are, AQN,BCE,EIF and SLF plus cash for which will purchase additional shares of BCE and SLF.
Am I correct on contribution? Any comments on my choices for contribution. Looking for some income plus enough growth to mitigate rising interest rates and inflation.

Q: What are your current top 5 Canadian dividend stock picks? Looking to add to my TFSA holdings.

Thanks,,

Joe

Q: In response to a question from Stephen, about stocks that pay a monthly dividend, you said “There are not a lot of blue chips that pay monthly.”

I have enjoyed monthly income and a nice (unrealized) capital gain from LWRK for more than a decade.

Would you not consider LWRK to be a “blue chip” that Stephen should consider for monthly retirement income and, if not, why not?

The stock price is well off its highs. Is LWRK good value at current prices?

Q: I have some extra USD money from a small US pension that is used for going to Florida in the winters. Since we have not gone in the last two years, I would like to put some of it in our TFSA. My questions are, if I buy say TD on the NY stock exchange would the dividend in US dollars be subject to 15% withholding tax. Could you please give me several companies I could buy into if this is true. Could you also give me several US companies or ETF's that would give me a dividend and hopefully growth for a long term hold. Thank you for all the help I get for being a member. Gary

Q: I currently hold Maple Leaf Foods (MFI.CA) in my TFSA. It appears to be currently trading around its fair value (at least according to Morningstar). And MFI.CA just announced that it is reviewing its recent investments in plant based protein products (like veggie burgers). So it future growth prospects may be suspect.

I suspect it may be a good time to exit. Can you recommend another consumers staples stock for my TFSA as a long term hold?

Or maybe I should not have ANY exposure in the consumer staples sector in my TFSA given the slow growth and typically lower returns in the long run in this sector. Your thoughts please!

Q: After averaging down and waiting (far too long) I have entered break-even territory with this holding. There now appears to be significant momentum occurring. I am also quite overweight with this stock in a TFSA but would like to finally enjoy the benefits of price and dividend increases in the industry. Do you have any suggestions for swapping this holding for a more diversified security still expected to benefit by the uptick in energy stock values? I own no pipeline securities.

Q: If you were to pick 2 0r 3 sectors that might outperform this year in the Canadian Market, what would they be ? Could you suggest 2 or 3 dividend payer in each of those sectors. Thanks so much. Don

Q: Follow your balanced portfolio. Please give me 3 names that you would add today. As well 2 income based dividend stocks that are not in youe balanced model portfolio. Thanks for your great service. Happy New Year.

Q: Hello,

QYLD ETF has recently raised their dividend from 0.22 USD to 0.50. I am confused whether this is in lieu of paying out two consecutive months or is it a their dividend/share going forward? I am looking forward to your comments.

Q: I have a large gain in CNQ and likely going to trim by 50%. Advice on where to put cash afterwards? Looking for similar dividend outside of oil.

Telcos and banks are maxed.

Q: I would appreciate your opinion on switching from BP to either MGY or WCP,

Thanks

Q: Cogeco shares are trading near their 52 week lows in spite of a decent recent dividend increase, an apparent sustainable payout ratio and relatively low PE. What gives? Is this a screaming buy or a value trap?

Thanks

Q: For my unregistered account I am looking for your top 5 dividend stocks in Canada and 5 top US dividend stocks if purchased today. Understand that US stocks will be subject to withholding but expect the growth to compensate. Thank you and Happy New Year.

Q: Hello, recently Eric Nuttal called PXT a value trap and a chronic underperformer, and he previously owned the company. He also stated that mgmt is giving mixed messaging and needs to increase the div, do a special div, and increase buybacks. On paper I thought PXT was doing everything right. The amount of shares they have bought back and just confirmed again for 2022 is amazing. Yet year after year it doesn't get the valuation increase it deserves. As Eric says "the market does not care about PXT and there are no big buyers", despite of it having the best balance sheet and buybacks in Canadian o&g. Yes its up last year, but considerably lower than its peers, so there is the opportunity cost. My question is, do we often see companies buying back shares, great balance sheet, and doing most things right yet they never receive the valuation they should or is it a case of you need to be patient, maybe even for years to see the market eventually reward it.

Q: In a recent answer regarding LIF, you stated that "if commodity prices fall as expected". I must have missed the memo. My working presumption has been that in our growing economic environment, supported by government infrastructure spending, commodities were, if anything, likely to rise in the near to medium term. Can you please expand on this? Thank-you.

Q: I don't have any telecoms in my portfolio & would like your comments on how well or badly they will react to inflation. Which ones would you recommend or would another area be more appropriate? It's for my RRIF so I would like some growth & a safe dividend. Happy New Year
Dave

Q: Is the 11.7 Dividend safe? Thanks & HAppy New Year!

Q: Which stock ATD or TRI would have the most growth going forward?
Thanks for your service!

Q: Merry Christmas. Hope all is good.

Fairfax has had a wee jump just before this break. Please shed some light on what is going on.

Have a great New Year!

Thanks,
Doug