Q: I must have missed it but how do you calculate your fee for your Portfolio Review service?
Thanks and I am very impressed by your (and my)portfolio performances.
Thanks and I am very impressed by your (and my)portfolio performances.
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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: Just wondering if I wanted a portfolio review is the fee that 5i charges tax deductible?
Thanks
Dolores
Thanks
Dolores
Q: Hello Peter & Co
Some of my holdings have a negative beta (globe investor); how does one explain that?
Thanks
Tony
Some of my holdings have a negative beta (globe investor); how does one explain that?
Thanks
Tony
Q: Thought this was an interesting article on the history of short selling. https://www.sec.gov/comments/4-627/4627-95.pdf
Q: Hello Peter & Co,
In the fall of 2008 (I was then 65) I converted my RRSP portfolio to cash with the intention of taking over the responsibility of managing the investments; the objective was to generate a 7% compound annual return with the assumption of a 3% annual inflation rate on the income for the next 25 years. My retirement would have been 60% from the RRSP (now RRIF) portfolio and 40% from fixed/guaranteed sources such as CPP, OAS and a very small private pension.
Since the portfolio's inception date of June 30, 2009 (I am now 71) I have managed to get a much higher compound annual return of 17% (all in equity at a low beta volatility of 0.4), which has allowed me to double the RRIF income (vs the original plan) and assuming a reversion to the original 7% compound return for the next 20 years.
As a consequence, the original income split of 60/40 will now be 70/30; in light of that, I a wondering if I should reduce the equity portion of the portfolio to arrive at 60/40.
Would it be wise to do so?
Thanks,
Tony
In the fall of 2008 (I was then 65) I converted my RRSP portfolio to cash with the intention of taking over the responsibility of managing the investments; the objective was to generate a 7% compound annual return with the assumption of a 3% annual inflation rate on the income for the next 25 years. My retirement would have been 60% from the RRSP (now RRIF) portfolio and 40% from fixed/guaranteed sources such as CPP, OAS and a very small private pension.
Since the portfolio's inception date of June 30, 2009 (I am now 71) I have managed to get a much higher compound annual return of 17% (all in equity at a low beta volatility of 0.4), which has allowed me to double the RRIF income (vs the original plan) and assuming a reversion to the original 7% compound return for the next 20 years.
As a consequence, the original income split of 60/40 will now be 70/30; in light of that, I a wondering if I should reduce the equity portion of the portfolio to arrive at 60/40.
Would it be wise to do so?
Thanks,
Tony
Q: While on the topic of the role that analysts play, while I do not make a purchase based on the usual analyst's comments (that is where 5i comes in!) I do find it useful to know what they think as it prepares me for stock movements and does sometimes provide food for thought.
I am often confused, however, by how they phrase their recommendations. For example, the following was taken from today's Globe: "Raymond James downgraded Chevron to "outperform" from "strong buy" with a price target of $140 (U.S.)" Given the current price of Chevron ($117 US) and its 3.7% dividend, that represents close to a 25% gain they are expecting! Does this mean they expect most oil companies to grown more than 25% this year, since this would not represent out-performance? What should we take from this type of comment - anything?
Your opinion is greatly valued.
Thanks.
Paul F.
I am often confused, however, by how they phrase their recommendations. For example, the following was taken from today's Globe: "Raymond James downgraded Chevron to "outperform" from "strong buy" with a price target of $140 (U.S.)" Given the current price of Chevron ($117 US) and its 3.7% dividend, that represents close to a 25% gain they are expecting! Does this mean they expect most oil companies to grown more than 25% this year, since this would not represent out-performance? What should we take from this type of comment - anything?
Your opinion is greatly valued.
Thanks.
Paul F.
Q: Hello Peter and team,
I took some profits along the way in 2014 in a non-registered account and now I am wondering which of my losing stocks I should sell to offset the capital gains. The “losers” to choose from are:
RUS, <1% of portfolio, down 15%, capital loss would be 10% of total capital gain
XSR, <1% of portfolio, down 35%, capital loss would be 23% of total capital gain
AVO, 2.1% of portfolio, down 14%, capital loss would be 20% of total capital gain
TOU, 2.5% of portfolio, down 18%, capital loss would be 33% of total capital gain
D.UN, 4.1% of portfolio, down 11%, capital loss would be 27% of total capital gain
CPG, 5.4% of portfolio, down 5%, capital loss would be 16.6% of total capital gain
When I say the “capital loss would be 10% of total capital gain”, I mean that if I sold all the shares the capital loss generated would offset 10% of the total capital gain I have to declare in 2014.
If I sold RUS and XSR that only contributes a third to the capital loss I need to create. I am willing to wait it out for AVO. I like the dividend on CPG and D.UN. I don’t really want to sell TOU at this time, but I may not have a choice if I want to offset all the capital gains.
What should I sell? Should I suck it up and just pay some or all of the income tax when I file my tax return in April (I would be in the top tax bracket)?
Paul J.
I took some profits along the way in 2014 in a non-registered account and now I am wondering which of my losing stocks I should sell to offset the capital gains. The “losers” to choose from are:
RUS, <1% of portfolio, down 15%, capital loss would be 10% of total capital gain
XSR, <1% of portfolio, down 35%, capital loss would be 23% of total capital gain
AVO, 2.1% of portfolio, down 14%, capital loss would be 20% of total capital gain
TOU, 2.5% of portfolio, down 18%, capital loss would be 33% of total capital gain
D.UN, 4.1% of portfolio, down 11%, capital loss would be 27% of total capital gain
CPG, 5.4% of portfolio, down 5%, capital loss would be 16.6% of total capital gain
When I say the “capital loss would be 10% of total capital gain”, I mean that if I sold all the shares the capital loss generated would offset 10% of the total capital gain I have to declare in 2014.
If I sold RUS and XSR that only contributes a third to the capital loss I need to create. I am willing to wait it out for AVO. I like the dividend on CPG and D.UN. I don’t really want to sell TOU at this time, but I may not have a choice if I want to offset all the capital gains.
What should I sell? Should I suck it up and just pay some or all of the income tax when I file my tax return in April (I would be in the top tax bracket)?
Paul J.
Q: Could i get your opinion of the value in analysts going out on a tour of a mine, oilfield, or even touring a manufacturing plant. I can see the value if it is someone like Brent Cook going out to a mine but the majority of the analysts have no background to realize what is going on out in the working world. As a working person I have been on 2 sites where tours of analysts took place and it is similar to when senior management comes out (clean the place up, and make sure everyone looks busy, and they are so careful to go to certain areas and not others).
Thanks
Thanks
Q: Further to Gerry's comment/reminder to fellow Members:
1) Check for prevous questions regarding the Symbol/Ticker you are about to ask about.
2) NEXT before asking a question, ALSO use the "Drop down"
selection of "Search by Text" as a subsequent check that
other comments in miss-labelled/titled questions might
reveal insights to what you are asking.
3) Just as an example when I did a 'Search by Symbol' for AYA
it did not turn-up Gerry's comment/question, probably
because the symbol field contained two Symbols (AYA,AVO).
Whereas when I used the 'Search by Text' feature, Gerry's
comment was displayed.
As a note to 5i...I only discovered this feature by accident.
Was it ever advertised to the Members? Maybe a banner announcing this feature would be a good idea. The less time you spend repeating yourselves in your answers means the more time you will be able to spend on NEW questions.
1) Check for prevous questions regarding the Symbol/Ticker you are about to ask about.
2) NEXT before asking a question, ALSO use the "Drop down"
selection of "Search by Text" as a subsequent check that
other comments in miss-labelled/titled questions might
reveal insights to what you are asking.
3) Just as an example when I did a 'Search by Symbol' for AYA
it did not turn-up Gerry's comment/question, probably
because the symbol field contained two Symbols (AYA,AVO).
Whereas when I used the 'Search by Text' feature, Gerry's
comment was displayed.
As a note to 5i...I only discovered this feature by accident.
Was it ever advertised to the Members? Maybe a banner announcing this feature would be a good idea. The less time you spend repeating yourselves in your answers means the more time you will be able to spend on NEW questions.
Q: Hi Peter & Co
More of a general question.
With your years experience on Bay St I was wondering if you could give us some insight on what information analyst are given/get from companies.
i.e. How are estimates/guidance determined (do companies provide numbers or do analyst figure them out);
What information is asked and answered at private meetings? What are the disclosure rules?
How assessable are most companies for private meetings and is this something private investors can request from companies or is this generally reserved for investment professionals?
What questions are off limits?
Thanks
Joe
More of a general question.
With your years experience on Bay St I was wondering if you could give us some insight on what information analyst are given/get from companies.
i.e. How are estimates/guidance determined (do companies provide numbers or do analyst figure them out);
What information is asked and answered at private meetings? What are the disclosure rules?
How assessable are most companies for private meetings and is this something private investors can request from companies or is this generally reserved for investment professionals?
What questions are off limits?
Thanks
Joe
Q: Not a question but a reminder to members.. At the top of our members page 5i has suggested looking up the company you may have a question on, it may have been answered already. For the month of November the TMX had 15 trading days, questions were asked by members about Amaya 9 times and Avigilon 14 times. 5i provides us with an invaluable service at extremely reasonable cost. Fellow members please search before asking your question.
Just a comment not wanting to hurt anybodies feelings ( I'm Canadian you know ) Gerry
Just a comment not wanting to hurt anybodies feelings ( I'm Canadian you know ) Gerry
Q: I have now subscribed to your newsletter for almost a year, and I am very impressed. I have a question for you about a now bankrupt company, Poiseidon Concepts. I lost a bundle on it. It was a darling of the analysts before it tanked, and was recommended in two of the newsletters I was subscribing to at the time. One even recommended doubling up after it had dropped by 70% (which I did), then it "went to zero". Had you ever followed the stock, and were you able to see its demise coming? Thanks for your help.
Q: Peter In response to a question about a switch from BTE to Turmoline you advised to the question that you would agree with the switch as you believed that Tourmline had better management.
Would you share what criteria you use in rating a management team?
Kind Regards
Stan
Would you share what criteria you use in rating a management team?
Kind Regards
Stan
Q: Pl advise when is the peak period for tax loss selling for this year. Pl advise how we can track what managers are buying and selling.
Regards,
Regards,
Q: I have a general question about market portfolio allocations. I am 31 years old and my wife and I have a new born coming. We have from the sale of a property $150,000 to invest and would only change the allocation in the portfolio once in a while to readjust. I was thinking of holding 20-25 stocks.
In your opinion what is a good ratio to put in different sectors for a diverse portfolio. (10% energy, 10% financials, 10% bonds etc....). Also how much should you invest in the US and in the small cap sectors?
Thank you
Greg
In your opinion what is a good ratio to put in different sectors for a diverse portfolio. (10% energy, 10% financials, 10% bonds etc....). Also how much should you invest in the US and in the small cap sectors?
Thank you
Greg
Q: Would you sell Goldcorp today at a 20% loss (for tax purposes)with the intent of buying it back in 30 days, or is that getting too cute with market timing?
Q: Not a question but more of a comment regarding the following answer you provided: "Credit Suisse has downgraded the company to underperform, but these moves are designed to generate trading and fear amongst investors, in order to get commissions."
This is so true and so conflict-free, bring it on!
This is so true and so conflict-free, bring it on!
Q: Hi Peter,
I'm down considerably on the above names.
Would it makes sens to sale them now for tax purposes and
buy something equivalent for the next 30 days, so if a pop up happens I won't be out in the cold.
What do you think about this strategy and do you have any equivalent replacements?
Thanks
M
I'm down considerably on the above names.
Would it makes sens to sale them now for tax purposes and
buy something equivalent for the next 30 days, so if a pop up happens I won't be out in the cold.
What do you think about this strategy and do you have any equivalent replacements?
Thanks
M
Q: I just heard on BNN that someone (didn't catch which brokerage) had just downgraded atd.b which I hold and have done well with, to a SELL. Kind of shocked at that. What do you make of it. Real Bad News to come??? or what
Thank you Peter and Staff for all you do.
I have learned a lot from your site.
Thank you Peter and Staff for all you do.
I have learned a lot from your site.
Q: Hi Guys, I am absorbing a lot of market information and I am more frequently seeing that a market crash is imminent!
Many large investors are keeping there money out of the market at the moment...
I understand we have some sectors out of favor right now like oil, and many others sectors are doing just fine. I am not sure how to interpret the tea leaves so to speak and I have poor intuition on timing the market like you guys.
From all the information you guys scour from the market, probably more than what the average investor has access too, can you provide some market intelligence to us (your customers) on a regular basis?
Regular basis to me would be weekly and sometimes more frequently depending on global events. The oil sector I see has been telegraphed for sometime and yet I did not see this coming. I am sure you guys have access to info on the oil sector that may have dictated this downturn quite possibly.
I guess I am saying, is there a regular feature you can provide us that gives some timely market intelligence and sectors we may want to reduce or increase our holdings in?
Thank you!
Many large investors are keeping there money out of the market at the moment...
I understand we have some sectors out of favor right now like oil, and many others sectors are doing just fine. I am not sure how to interpret the tea leaves so to speak and I have poor intuition on timing the market like you guys.
From all the information you guys scour from the market, probably more than what the average investor has access too, can you provide some market intelligence to us (your customers) on a regular basis?
Regular basis to me would be weekly and sometimes more frequently depending on global events. The oil sector I see has been telegraphed for sometime and yet I did not see this coming. I am sure you guys have access to info on the oil sector that may have dictated this downturn quite possibly.
I guess I am saying, is there a regular feature you can provide us that gives some timely market intelligence and sectors we may want to reduce or increase our holdings in?
Thank you!