Investment Q&A

Q: The State of the Union address by Trump is on Feb 24th in the evening. The Supreme Court will release decisions on Feb 20, 24 and 25, and these are the last dates until July 2026. I predict they will wait until after the State of the Union address because Supreme Court judges attend the State of the Union, and they don't need Trump criticizing them in public and will release their decision on Feb 25th. If they decide the tariffs are unconstitutional, which sectors might be the winners?

Q: Just a comment, I'm sure I'm not alone in this situation. All down 30-45% in my TFSA. I hate it when it feels like everybody is wrong and you and a few others think you are right, or are we? It feels like Armagedon. Been there before. It's not fun but they now only represent 5% of my portfolio so I will survive but my TFSA will take a huge hit this year.

Q: Hello,
Stephen Harper, our past Prime Minister remarked recently that Canadians should not be complacent in the notion that post USMCA discussions we will go back to easy access to the US market. Are you able to comment on what independent investors should be taking from this and how to manage investment strategy accordingly? It would appear that there could be different layers to this worth considering, and also that a do-nothing solution should not be as reliable as it had been in the past. In fact, it seems that both past and present Prime Ministers are specifically saying that some anticipation of change is needed.

Q: For those interested in other HALO perspectives - the above podcast (Josh Brown-CNBC/Ritholtz) released a HALO episode earlier in the week.

Q: I hope I don't sound naive asking this question, but I keep hearing that proprietary data is something of a moat for TRI, and for companies like X, SPGI, and perhaps even businesses like yours.

What is to prevent an AI engine like Anthropic from simply buying a membership and then having access to that data with which to answer questions?

Q: Hi team,
Once again my portflio is tanking while the index just cruises along . I have names such as shop, Csu, Lmn, Toi , gsy, Rddt , png and other growth names all down between 4-10%. Canadian names as a group especially weak today . What’s your take on today’s market action? As of today are there any screaming buys out there ? I was thinking of adding on Shops earning drop or Csu .

Thanks ,
Shane

Q: I was reading the book "1929", I would like to know what you think was the one biggest main reason for the crash?

Do you think it could happen again?

If you're an optimist you'll say no & if you're a pessimist you'll say yes or maybe.

Thank you.

Q: I believe and you can correct me if I'm wrong but many software names in both the US and CAD e.g. TRI, SHOP, NOW have reported fairly good results yet nobody wants to own them at least for the moment. So, if good results do not change the narrative what do you think changes this negative perception? And what in general would be a floor for multiples on some these names?

Q: Everyone, if a person has a growth portfolio, 25 stocks, how many stocks would have a negative return in a given year. I assume not everyone goes up each year. Clayton

Q: Do you feel that the international markets can continue to produce the returns that they have in the last year. If you look at S. Korea, Mexico, Brazil, Europe, Emg. Markets, these ETFs have outperformed the US market by HOME RUNS.
Thanks Again

Q: If you believe that the AI bubble will burst this year how might you position your portfolio to profit? I imagine picking defensive names, not owning companies with direct AI exposure, and owning precious metals is a start. If the bubble burst I would assume this would trigger a broader market selloff so not sure if there is a lot of places to hide. Would you consider any Put option strategies? Are there any other sectors/companies that would actually benefit from the bubble bursting? Thanks

Q: Which 10 Canadian or US companies are most attractive for a +5 year hold? In order ideally

Also, what one thing is worrying you most about current market conditions? And why

Thank you

Q: I was watching Blake Hilgemann talk about his 'descent' portfolio which he says has a safe 6% withdrawal rate for retirement vs the standard 4%. It's made up of 15% gold, 15% LT Bonds, 10% Utilities, 10% Real Estate, 20% Large cap stocks, 20% small cap value stocks, and 10% international stocks. Wondering what your take is on this. Also not sure how one's house factors into this...is it part of the RE % (likely more than 10%).

Q: How do I access you AI Compute Stack article from January 15?

I have found the article but I can only access it if I subscribe. I am already a member. This is an important article and I would like to read it again.

Judith

Q: Hi,
A few days ago I asked for 5 CAD and US value stocks. Thanks for that.
You mentioned that there are others that you like in the space but did not fit the criteria. Would you please share think names.

Thanks and have a great day.
Joe

Q: What does the term “correction” mean when used to describe drops in the market like the one we are now experiencing, for example? If it means that prices were too high and the correct price is now in place, why would we expect stock prices to return to the old “too high” prices? Or is that only a few stocks were overpriced and in need of correcting but everything gets caught in the downdraft? To me it seems that stocks are simply dropping in price!

Appreciate your insight.

Paul F.

Q: Hello
I enjoy reading questions from members and your responses and great service. What would be your top 3 Canadian industrials, tech and consumer disc. In order for each category.
Thanks a million

Q: Hi, Sorry there are lot of companies listed but in summary this is three part question:

1. I have BAM2%,BN9%,BEP5%. I was thinking of putting new money to KKR or BX or APO. Should i add new money to existing positions or to new positions. Which one and approx. price please.

2. All the listed are in red in various taxable and registered accounts. Which one is good candidate for new money , which one would be sell and hold.

3. ISRG is at 1.5%. Should i go to 5% in one shot or go slowly or just hold on . This is in taxable account.

Thanks

Q: Now we have large cap companies taken down 10 to 20% if earnings top but guidance is not good enough for the analyst, i do not think it is the retail investor causing these drops, so what is the major concern of the big boys that they want out of these stocks, i know that they have made money on them but where does the cash go, are they just nervous like the little guy and want out.
Thanks Again

Q: Good day,

Wild few days in the market. As a stroke of luck, I transferred one of my managed accounts over so I could manage it myself, and that sale happened early last week and it is sitting in my account, ready to deploy. As a lucky tailwind, I don't want to squander it. Mostly in RRSP account.

Would you be adding to CLS, BAM, SHOP, TVK, PNG, ZDC right now? In order of priority please with a small 'why'.


I had purchased some AEM 1-2 years ago (great recommendation, thanks), and it has flown. Is it an add now and/or are there other Materials tickers you would suggest? Doesn't have to be precious, as long as they are executing well and have quality assets and a solid runway. maybe 1-2 each for precious, critical, and non-precious?

I sold TOI last summer, and with this crazy "Software off" cycle here, would you start accumulating? like 20 or 25% of a position? Is TOI the most likely candidate to return to its growth trajectory when the world begins to appear normal again?

Thanks for Everything!

James

PS. While looking at all my statements while transferring over to Questrade for their cashback promotion, my statements had my annualized returns calculated over 1 3 5 and inception. Since inception was 21% which I'm staked about, but my 3 year annualized was 43% !!! I just renewed my 4th year with 5i. Thanks Thanks THANKS!