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Investment Q&A

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

Q: How does Hut 8 Mining Corp. (HUT) make money?

Is management competent?

Thank you.
Read Answer Asked by Ross on January 04, 2022
Q: I owned ECN.PR.A in my RRSP. I bought it primarily for income purposes. They were redeemed on December 31. I am thinking of reinvesting in ECN.PR.C with the funds that I received at redemption. What is the chance that it will be redeemed? What is the earliest that ECN can redeem these preferred shares?
Read Answer Asked by Robert on January 03, 2022
Q: Happy New Year to all at 5i and to the everybody reading this. Hoping that 2022 is a good year for all of us and our families, from a financial perspective and one of well being, health and happiness.

Reviewing some of the past questions, I see that the ECN distribution is treated partially as a dividend and partioally as a "Return on Capital". For the latter, would you know how this is to be treated for tax purposes? i.e. Is it a capital gain, income, ...

Thank You.
Read Answer Asked by Walter on January 03, 2022
Q: I am considering add more bank stocks and here's what I got based on their P/E:

TD:12.36x
RY:11.99x
BMO:11.69x
BNS:11.50x
CM:10.57x
NA: 10.79x

I have 150K cash available. Would you agree to add National Bank, CIBC and Bank of Novia Scotia equally since these 3 have the cheapest valuation?

Thanks,
Read Answer Asked by Yang on December 24, 2021
Q: Happy Holidays to everyone. I called my broker (cibc) to ask about the ECN dividend and ROC . They just called back to say it won't be paid until Dec 24 and will not be reflected in my account until Dec. 29. This is not what I hoped for, but perhaps the answer is helpful to others looking for this cash
Read Answer Asked by Frank on December 24, 2021
Q: Even after ROC I would still be showing a deficit on capital gain. Tax loss opportunity before December 31?
Read Answer Asked by William Ross on December 23, 2021
Q: What is you expected "reasonable" ECN share price after it pays out the $7.50 per share to shareholders?

The reason why I ask is because is my ECN share are held in my RRIF account and I can't take that money out. I was entertaining the thought of just reinvesting that money into the newly "shrunken" down ECN shares - as long as it will be traded at a reasonable price.

Thanks.
Read Answer Asked by Victor on December 21, 2021
Q: A few years ago in Investor Suite there was an article suggesting that the best performing Canadian Bank for next year is the worst performing bank from this year.

When I did this for 2021, the worst performer of 2020 was BNS. (Am up 27% on this investment YTD) As you are closing down shop on the 24th, I am asking this question earlier than usual.

What is the WORST performing Canadian Bank of 2021 YTD?

Thanks

Sheldon

Ps Merry Xmas and Happy New Year.
Read Answer Asked by Sheldon on December 21, 2021