Investment Q&A

• Currency Exchange International Corp. (CXI)
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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Q: Would prefer this stock or fierra for a full position for at least a one year hold in financial sector thanks

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Read Answer Asked by Greg on December 30, 2016

• Gluskin Sheff + Associates Inc. (GS)
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Q: In this slow swoon of Gs, how much a part is the litigation with the founders...and how much performance?

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Read Answer Asked by Warren on December 29, 2016

• Great-West Lifeco Inc. (GWO)
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• Miscellaneous (MISC)
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Q: If Canadian interest rates stay flat over the next several years but US rates rise, will that still have a positive impact on Canadian Life Insurers like GWO?

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Read Answer Asked by Ian on December 28, 2016

• Canadian Imperial Bank Of Commerce (CM)
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Q: With the theory , which is debatable, that the most unliked bank of the majors currently, comes out with the best return the following year(s). Which Canadian bank should I look at for 2017 based on 2016.

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Read Answer Asked by Tim on December 28, 2016

• Miscellaneous (MISC)
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Q: I am thinking of starting a position in lif the covered call lifeco etf on the Toronto exchange. Do you see this as a bit of a hedge against rising interest rates?

Thanks,
Doug

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Read Answer Asked by Doug on December 28, 2016

• JPMorgan Chase & Co. (JPM)
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Q: I would like to add another bank to my granddaughter's RESP. She is now 13. Would you recommend a Canadian Bank ETF. A US Bank ETF. Both or just a Canadian bank. Which would be the best choice for a 13 year old. Please provide some name suggestions.
She now has 100 shares of BCE,RY,XSP,XDV.
Thank You

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Read Answer Asked by Jean on December 28, 2016

• Bank of America Corporation (BAC)
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• JPMorgan Chase & Co. (JPM)
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Q: I have 2 US Banks in mind to choose, but I can only buy one, First United or Bank of America or do you have a better choice you can suggest.

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Read Answer Asked by Catherine on December 23, 2016

• Aegon Ltd. New York Registry Shares (AEG)
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Q: I am looking for a bit more exposure in the financial sector. A guest on BNN this morning , while discussing bottom feeders, mentioned Aegon N.V. After doing some research on it, I thought it looked interesting. I would be interested in your opinion.

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Read Answer Asked by Duayne on December 23, 2016

• Canaccord Genuity Group Inc. (CF)
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Q: I have a cost base on cf of $8.25 looking to start averaging my cost. With the oil move is it time to step in cf.

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Read Answer Asked by Helen on December 23, 2016

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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Q: What is your current thinking on FSZ. I currently already have about 25% of my portfolio in the financial sector - big cap stocks only.

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Read Answer Asked by Peter on December 22, 2016

• Miscellaneous (MISC)
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Q: I purchased BMO & CM when the yields were well over 5.5%. I also own & would like to continue to own BAC & MFC. Financials make up 25% of my portfolio now. I would like to sell CM & BMO. Are there any higher yielding dividend stocks in other sectors out there yielding over 5% that may be "mispriced" similar to how CM was back in 2009/2010?
Thank you

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Read Answer Asked by Robert on December 21, 2016

• BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB)
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Q: Dear 5i
Do you expect US banks to do better than Canadian banks in 2017 .
Would zub be a good etf for US banks and what is their MER ?
What Can. bank etf would you recommend ?
Thanks
Bill C

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Read Answer Asked by Bill on December 21, 2016

• Great-West Lifeco Inc. (GWO)
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• Power Financial Corporation (PWF)
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• BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB)
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• BMO Equal Weight US Banks Index ETF (ZBK)
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Q: I am thinking of selling GWO and PWF and replacing them with a 50/50 split of ZUB and ZBK. I would appreciate you thoughts.
Thanks.

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Read Answer Asked by Elliott on December 21, 2016

• Intact Financial Corporation (IFC)
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Q: Despite the expenses with Fort Mcmurray fires IFC stock price had a fairly reasonable year in 2016.With higher int rates presumably coming and mabe a year without so many calamities what would you think of it going forward?
Thanks and best of the season
Larry

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Read Answer Asked by Larry on December 21, 2016

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
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Q: What is your view of the Allied World purchase? Watsa describes it as "transformative" and in terms of size it does certainly seem significant. FFH share price is just off 52-week lows. Would you suggest initiating a position for a long-term hold?

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Read Answer Asked by David on December 20, 2016

• Sun Life Financial Inc. (SLF)
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• Currency Exchange International Corp. (CXI)
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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Q: I am helping my son with his self directed RRSP and he has TD but would like to add another financial stock so which of the 3 listed would you suggest or is there a different one you would suggest? He is 31 years so has lots of time for investing.

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Read Answer Asked on December 20, 2016

• Bank of America Corporation (BAC)
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Q: IS THIS STOCK A GOOD BUY AT THIS TIME?

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Read Answer Asked by Peter on December 20, 2016

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
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Q: how dop you view the take over just annonced.short term and long term?
2

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Read Answer Asked by Douglas on December 19, 2016

• CI Financial Corp. (CIX)
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• IGM Financial Inc. (IGM)
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Q: i own a half position in CIX (down 17%) and a full position in IGM (up 6%). Both pay a decent dividend. I am concerned with the long term viability of these two stocks. I like the income, but, income could be in question if mutual funds lose their luster. IGM and CIX have both recently risen in price. Would you, sell both, and move to a different financial/insurance type stock, sell CIX and move proceeds to IGM or vice versa?

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Read Answer Asked by Ric on December 19, 2016

• Canadian Imperial Bank Of Commerce (CM)
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Q: I am considering a position in CM, which has increased considerably in the last couple of months. Is this a reasonable time to get in, or should I wait for a pull back?

Thanks for your advice.

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Read Answer Asked by Alan on December 19, 2016