Investment Q&A

Q: I am a conservative, retired dividend-income investor with a pension and CPP. My portfolio includes AD, AQN, ALA, BCE, BNS, CGX, CPG, RY, SLF, WSP, WCP, WEF, ZLB, XIT, Sentry Cdn Income Fund, Sentry REIT, RBC Eqty Inc, TD Health, Annuities and Fisgard Capital.

My question is regarding SLF. I bought it in the fall of 2014 with the investment thesis being rising interest rates and an improving equity market (both supposedly good for lifecos).

I am basically flat (down from cap loss and up from dividends). I am normally almost fully invested and am not a trader. I'm happy to hold SLF, but I think the original investment thesis has now changed. Is SLF dead money for now and is the current environment likely to produce more share price deterioration?

On a side note, I am slightly overweight in financials.

Thanks, Steve

Q: Hi Guys,

I am an income oriented investor with the following financial stocks:

Bank of America (BAC)
Bank of Montreal (BMO)
Genworth Canada Inc (MIC)
Gluskin Sheff (GS)
Royal Bank (RY)
Sun Life Financial (SLF)
Toronto Dominion Bank (TD)

They all represent roughly equal value in my portfolio and are all within my minimum and maximum allocation. The overall financial area is within my global limits. I have no additional cash to invest. I have the following questions:

1)Would you sell any?
2)If you would make a sale, how would you replace it in the financial area?
3)Do you see more than a 10% chance of a dividend cut in the next 3 years for any stock?
4)Any other comments would be appreciated.

Please charge 2 credits due to the number of securities involved.

Thanks
John

Q: Any chance this stock could go much lower, any upside, dividend stands at 6.7 % right now. What is your take on it ? Thanks and the best for your team in 2016!

Q: In light of possibly declining rates in Canada and the possibility of further turmoil in the oil business, can you provide your thoughts on this year's performance for the banks

Q: Would you trade any holdings in the big Canadian banks for HCG , the later 's price having dropped substantially.

Q: This stock seems to be going down more than the Canadian market in general. Is it tied to oil in some way.

Q: I have owned for two years, ICICI Bank for international exposure to the Indian market. It has not performed well. Should I sell and move on or hold for now?

Thanks

Q: IOWN THIS IN A RRSP AND WAS THINKING OF SELLING AND MOVING THE MONEY TO THE OTHER ETF ZUB WHICH IS HEDGED OR DOES THE US DOLLAR STILL KEEP GOING UP. ANOTHER POSSABILITY WOULD BE TRICON (TCN). THANKS

Q: Looking to add a financial stock. I am trying to stay within the growth portfolio so I am leaning towards cxi and efn. I am thinking GUD could also fall under this category since they essentially borrow to the health care industry.
Thank you and i appreciate you re guidance.

Q: I plan to transfer 500 Bns shares from my cash account to my TFSA account.
I withdrew funds from my TFSA in 2015 and wish to replace these funds .
The record dare for the dividend is Jan 5/16 . I plan to make my transfer on Jan6/16
My question is , first is my dividend safe and will the dividend get paid to my TFSA account which is my goal . The dividend payment date for Bns is January 27/16
Lastly can you tell me how the swings in the Canadian dollar affects the price of the stock . If th C dollar falls to .68 cents what effect will this have on the stock price .
Many thanks Richard

Q: My wife and I both have TFSAs. We are in our eighties and the proceeds from TFSAs will go to our children on the second death. Would you consider MFC as a suitable investment for both of our accounts in 2016? Do you have better suggestions?

Q: Hi,

I currently own HCG as part of my "financial" stocks. It is currently at about 2% of my holdings. I also own BNS (4%) and SLF (4%) as part of my financials. My target for financials is 12% (max 3 stocks). I also own HR.UN in about the same weighting for REIT exposure.

At today's prices, would you suggest increasing HCG to a full position (4%), sell it and switch to something else (ie. EFN or CXI), or do nothing?

Thank you

Q: What is the dividend payout ratio currently?
Also, what is the book value per share and how does this compare to US business development companies?
Thanks!

Q: your thoughts on Dundee as a value pick on the discount to BV

Q: was going to purchase zeb but am concerned about fees!!
which two bank stocks do you prefer for the greatest long term
return?
several BNN analysts suggest waiting until the Feb/Mar. to invest in the banks... what are your thoughts??

Q: Hello 5i!
Up 37% on IAG, should I hold or trade for better stock in the same sector?
Thanks!

Q: Merging with BB&T once all the regulatory stuff is done. Do you think its worth holding onto?

Q: Can you tell us what is the free cash flow for Scotiabank for the past year and past 5 years?

Q: Hello Peter and team;

In the Globe & Mail today, under the heading of Stock Analysis, they did some number crunching on some U.S. Insurance Companies.

In my U.S. portfolio i am looking to add a U.S. Insurance company. Out of the 4 companies they highlighted, which one would you recommend for growth, and value?

Thanks

Stephen

Q: In light of the fact there has been no indication of Canadian interest-rate movement, can you suggest a handful of U.S. insurers with decent dividends. And a ETF in that space as well.
Thanks for the great service