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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: I have recently inherited a portfolio of stocks heavily weighted towards the Canadian banks (RY, BNS, TD, BMO, NA, CM). About 30% of the portfolio is made up of these six banks and I am uncomfortable with the lack of diversity and high correlation.

Which two or three banks do you feel are the least attractive and therefore the best sell candidates?
Read Answer Asked by Chris on May 03, 2018
Q: Hi Group thanks for your advise on the following - Currently own 15% Canadian + US banks+ Pay Pal / Score . Have done well in the past 2 yrs however the profits are slowly but surely eroding (add the Canadian dollar recent strength and the us banks are getting hit pretty hard) My question is due to market + consumer spending+Real estate concerns should I sell off and lock in the profits or do you see another option Thanks
Read Answer Asked by Terence on April 20, 2018
Q: Hello, thinking of adding ZUB, or ZBK, as just made decent windfall short term gains on energy stocks in days , for the trade. Redeploy cash , Against social media’s commentary worked out many times perfectly so far. Before last Friday banks earnings, the media were full of ” earnings will be huge” then the very next day we’re like “reversals because fully priced in “...” growth concerns “ . . “ yield curve.....” and so on...
so what’s your take? Is it noise or seasonality trading or real concerns , so called smart money moves?
Thanks
Read Answer Asked by LEI on April 20, 2018
Q: Follow up to Maurice. ELF is a portfolio of global public equities with a market value equal to $926/shr net of debt (300 mm of prefs). The other part is Empire Life with a BV of $380 per ELF share and ROEs of 11 - 12% over the past 3 years so probably worth 1.3 times book or $494/ELF share for a total value of $1420 per share. The question is what holdco discount is reasonable because control is not in the market
Read Answer Asked by Robert on April 20, 2018