Investment Q&A

Q: Good Morning,
I have completed a review of my portfolio and have concluded I have 10% insurance exposure probably a bit too high, made up of SLF,MFC,GWO and PWF. I know GWO & PWF are basically one in the same as PWF owns GWO. Which ones would you drop to reduce some exposure here? Thank-you.

Q: HI there. Can I get your opinion on "BAC" Bank of America Corp.
I also hold it. Should I sell it or hold it.

Thanks!

Q: Financials are currently 7% weighting in my portfolio (RY, BNS, TD, CIX, MFC, JPM). I have some cash and was thinking of bumping up to 10% weight. I know you like BNS, IGM and SLF. WFC looks appealing but the 30% premium on the USD is concerning to me. Any other recommendations? Looking for something at the middle to lower end of the risk spectrum. Thanks

Q: DCI released an operation update July 15th. Thoughts on the update? How positive will it be for the stock to get a banking license?

Thanks

Robert

Q: with the big drop in share price is home capital a screamimg buy or a value trap
the announcement they made about cutting off brokers was it prudent business decision or an indication of more problems

Q: How do you see the Bac performing with rates going higher? What do you prefer regional banks or the larger banks like Bac or Wells Fargo banks? Or simply buy an etf and if so which one?

Q: I would appreciate your opinion on the retirement of Mr.Webb as well as your assessment of their assets under management and their performance fees.Thank you, Don.

Q: Would you please comment on TCM.I was thinking of taking a small speculative position and waiting for a recovery in this sector.

Q: I have two UK banks:Barclays , ADR symbol BCS.us ; and Lloyds LYG.us. I probably should not have both and thought of selling LYG especially after I saw you said BCS has 5.4% dividend in a your in Apr 2015. Between BCS and LYG , do you think LYG is the right one to shed?
FYI: In your reply of Apr 17 2015 you mentioned BCS has a yield of 5.4% p.a. Various other sources show yield at half of that. You use Bloomberg terminals which would be more reliable than the sites popular with retail investors. I have however noticed a number of securities for which you mention a yield that is materially different from other sources. I will give higher credence to data you mention . I am however puzzled about the recurring or frequent discrepancies.

Q: With potential pressure on the CDN mortgage market would you advise the following trades. Sell AI.Db.A and FC.Db.A, convertible debentures form 16% of my portfolio the 2 mentioned 4%, and buy VCN. Would this really be just a circular trade?

Thanks again for your much valued input.

Q: Today in a response to Joanna regarding softness in the banks you stated "worry about the housing market in general". I would appreciate expansion on what you meant by that statement - what in the housing market would cause the banks to worry? Are you referring to housing markets generally or to markets in specific parts of the country?
Thank you.

Q: why do you think the banking sector is so soft?

Q: I am curious if you guys have any thoughts on the newly listed Inspira on the venture exchange?

Q: Peter and team,
I have been trying to get a quote on CXS for the last week or so without any luck. I found today that it is going as SCB (Street Capital?) Is there any significance to the name change (I thought Street Capital was a subsidiary)? What do you think of it at this time?
Gary

Q: SCB took a hit this morning, I suppose because of HCG's news. Do you still find SCB a good value and perhaps worth adding some at this lower point?

Q: what's going on with FN price action? Can't find any news and don't have all the market data. Is it related to Alberta exposure? Thanks

Q: Can you give us your thoughts on HCG in light of their new outlook. Is this a buying opportunity?

Q: I piled into GNW.us just days before management confessed to large capital shortfalls causing shares to fall off a cliff. Management would have known about the significant deficit in reserves months ahead of releasing results, yet I see no actions pending against them by US regulatory bodies.

I compounded my buy error by anchoring on my much higher cost, a logic error well documented in behavioral economics. I thought GNW.us owned a chunk of the Canadian company Genworth (MIC.to) . I could not confirm whether GNW.us still owns a significant percentage of Genworth Canada. I browsed your two earlier comments on GNW.us but things are said to have changed since then.

Is it best to sell and salvage what’s left? Or do you now see some benefit in waiting? Is it wishful thinking that the remaining value is now less likely to evaporate?

Q: Thinking of purchasing some shares in my TFSA. Of the Canadian Banks which do you feel is the best one to buy now? I do hold a full position of Royal, and a smaller portion of TD, and BNS in our Taxable account.
Your thoughts on this or another stock for the TFSA would be greatly appreciated.

Thanks John

Q: Good Afternoon Peter, Ryan, and Team,
In my wife's RRSP she holds a position in Fiera Capital (FSZ-TSX). Her account holds most of the companies in your Model Income Portfolio. She will start taking money from this account in 2-3 years. I see that you now have included IGM Financial in the Model Income Portfolio. FSZ has had better dividend growth (lower yield though), is as cheap or cheaper than IGM, and FSZ is run by a savvy management team. Does it make sense to switch from FSZ to IGM ??? Thank you, as always, for your sage advice. DL