Investment Q&A

Q: Re your answer to Terence that he will not be able to claim his loss on LSPD because he bought them back in ANOTHER account within the 30 day period. The capital loss can be added to the Adjusted Cost Base of the new shares so that he eventually will get the benefit of the loss PROVIDED he bought the new shares in a taxable account. I have at times ignored the 30 day rule when it was beneficial to rebuy shares within the 30 days.

Q: Is there a report or a blog on Bonds regarding which Bond ETF will do better in different economy cycle ie interest rate up or down. Recession or in good economy.

Thanks for your great service

Q: This question relates to portfolio construction-please deduct as many points as necessary. My 89 year old mother is in good health, still drives and wants to continue to live in the family home as long as possible. Her mother lived to be 100. Her investments consists of a riff, unregistered self directed account, TFSA and cash. Her money will run out in 9 years.
Her investments are:
Riff-all cash and represents 65% of her total investments;
Unregistered account-25% . Consist of Zeb and zdv;
TFSA- 5 %- all cash;
Savings account-5 %- all cash.

Capital preservation is paramount but should it all be in cash?
Specifically could you comment on the following:
1) riff-should we move to a laddered GIC approach for the money she will need for 4 to 5 years and put the remainder in blue chip dividend stocks such as banks, pipelines, utilities?
2) keep the unregistered account as is. We would like to move some money over to her TFSA but this would create a taxable capital gain event. Comment?
3) invest TFSA in blue chip dividend stock -suggestion?
4) no change to saving account as this could be used for any unexpected house expense. Comment.
Also any other comments or thing to consider would be appreciated as there are not a lot of information out there regarding winding an account down.
As always, many thanks.

Q: Thank you for your response to my question 22 November. I am attempting to diversify my portfolio internationally and so I am looking for Canadian listed companies that have a significant part of their business outside of Canada. The four that you listed are very good candidates and I do own CCL.B, WSP and ATD.B. I was wondering if there is a way to find other companies with similar international characteristics. Thank you.

Q: Should the concern with scotia and south america make a person nervous about scotia iTrade account with 7 figures.

Q: I recently sold LSPD to crystalize a tax loss I sold it on Nov 22 for $29:72 presently its at $31 and change. I sold it after getting your opinion on tax loss selling. When I asked the question I was specific about LSPD and pointed out the risk of the stock increasing beyond the $4599 loss in the 30 day window. (always planned on buying it back. Anyway in the last 2 days the stock has gone up over 2 dollars (I had 800 shares so that approx. $1600) I am getting nervous about the stock rallying. Can I have your thoughts should I buy it back now before it takes off and goes back up to previous high of $49 ? or?

Q: Hi Guys,

Three Part Question:

1. Is there anywhere that summarizes current NCIB's outstanding for TSX companies? Or what is the best way to find this information? Surely there is a better way than diving into each companies latest earnings release?

2. Is there anywhere that summarizes current CEO/Executive Board Salaries and Stock Options / Share Issuance? Again, hopefully not having to dive into each company?

To tie these questions together -> If a company is engaging in an NCIB, but at the same time, granting huge stock options to it's CEO/CFO, is there a possibility for CEO/CFO's to game the system here? i.e. - CEO/CFO accumulates stock, then makes decision to buyback shares pushing price back up and CEO/CFO then sells at higher price?

Thanks,

Q: recommended brokerage firms to use

Q: Peter; Not sure if this a question or not but how can an analyst , Raymond James in this case, make AQN a " strong buy " , with a target price of $16.00 when its trading at $18.25 ? Thanks. Rod

Q: Hi 5i:
Please advise which components you rely on to arrive at your calculation of 'Leverage Ratio' in the Liquidity Ratios portion of your summary of each company's key ratios.
Thanks,
Peter

Q: Can you also make a list of all the companies that trade on both US and Canadian exchanges making them good candidates for stock journaling?

Q: Hello Peter and Ryan,

Saw three big volume trades crossed right at the opening bell,in which Scotia Capital crossed 3.75 million shares at $9.81, while RBC Capital Markets did two crosses at the same price, one for 2.5 million shares and the other for 1.25 million. Just wondering the implication of doing this since the buyer and seller are the same broker? Thanks!

Q: My parents have a long forgotten quantity of shares now trading on the Venture exchange. They do not/are not able to remember anything about them. Where would I start to find the holder of these shares and sell them to at least realize the capital loss? Thanks.

Q: I read that 20.9% of their float is shorted. Does that raise any concerns or issues?
Thanks

Q: Where do you find ready available free cash flow statement ? Is it better then pe ratio ?

Q: Could you please provide a link again to your list of 2019 tax-loss candidates?

Q: I understand there are tax benefits to donating stock (that has appreciated) to charity. Can you tell me, is the actual ownership of the stock transferred (which I assume means the charity would need a brokerage account) or can the brokerage sell the stock and send the proceeds to the charity? I'm considering a small charity, which likely does not have a brokerage account. Thanks.

Q: I read an article earlier this week about convertible debt in the cannabis industry. I think the company was Canopy. The exercise price on the convertible debt was reduced considerably to entice the bondholders. I assume creating more potential downside for the shareholders. In any case, my question relates to the management rights to proceed with such a move. Is it voted by the shareholders ? What would the alternative be ? Borrowing at higher cost ? If no event of default has occured on the bond (maybe there was a default?), why give a better deal to the bondholder ? Can you please provide general comments about debt holders rights vs management/shareholders rights. Thank you.

Q: 1. As I approach retirement I am looking for options to at least slightly improve the dismal returns from the fixed income portion of my portfolio (currently in bond funds, PSA, GICs, returns 2.2-3%).
I am wondering what you think of market linked GICs? The 5-year TD Canadian Banking & Utilities GIC offers an annual guaranteed minimum interest of 2.75%, and maximum total return 25.00%. The 5 year Oaken GIC rate is 2.85%. With 100% principal protection, a competitive minimum interest rate and the potential for a modestly greater return I cannot see any downside to the TD product which makes me think I must be missing something.

Q: This is tax loss selling time. Is it a good time to buy or sell, neither or both?