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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: Hi on Feb 9th you mentioned it was hard to make a case for owning RKN
today they announced their "New Strategic Plan for long term growth and sustained profitability" as the share price is now $1.20 do they look any better . No position currently
- Also the former CEO and current board member Lucas Skoczkowski sold well over 2 million shares in a black out period . Will this create any negative scenario for the company
Thanks
Read Answer Asked by David on February 24, 2017
Q: 11:31 AM 2/23/2017
Hi Peter:

I don't quite understand your rationale for owning gold bullion, gold streamers or gold miner shares as insurance. Today you said : "The key for 'insurance' such as gold is to own it when you need it, not after." It seems to me that this implies selling your gold at a crisis time since insurance only pays off if the house burns down.

Does this mean you advise actually selling gold positions if the market plunges? Golds get hammered too in crisis situations so may not be winners either. Holding golds through a crisis is almost pointless since if you don't sell you just ride the price up and back down again and almost all golds have trivial dividends, so no meaningful income from them while holding. I just don't see the point. Much better to own BCE or RY or TRP! Would you agree?

Thank you.... Paul K
Read Answer Asked by Paul on February 23, 2017
Q: Hi 5i team. The bulk of our savings is managed professionally and is balanced and diversified (I hope).My spouse and I manage our own TFSA. We would like the TFSAs to have a high growth potential. Currently my porfolio has 15% cash, 8.14% BAD, 5.82% CGX, 4.52% DRT, 4.89% INP, 6.92% GUD, 4.41% MDA, 5.18% NXPI, 17.53% PPL, 7.14% TC and 18.66% BYD
My husband has 24.35% cash, 9.24% ALA, 6.76% CXI, 20.54% CSU, 8.88% GSY, 18.78% KXS and 10.97% WCN.
We would like to have a balanced asset allocation and still keep it high growth.
Please suggest what we should keep, sell and any buy recommendations.
Please deduct as many credits as appropriate.

Also, could you advise how often I should check on my porfolio and rebalance it?
Read Answer Asked by Teresa on February 23, 2017
Q: Hi team - These two stocks have lagged lately. I am a long term investor, and am more focused on where the price is 5, 10 years from now, not the near or even mid-term noise.

I believe that you see both companies having strong management, but would you have confidence in their balance sheets over the long haul? I would like to add to both positions, but would hold back if you advised against it, or believe we could see the stocks drifting lower to even more attractive prices.

Thanks.

Jim
Read Answer Asked by James on February 23, 2017
Q: I'm trying to tidy up my wife's RRSP small holdings, of the currently 26 in total.
ECM @ .65% [of the total portfolio] up 14.65%
EFX @ 1.26% " up 43.66%
SIS @ 1.49% " up 2.65%
TIO @ 1.35 " up 44% [taken out by PP,decision made]
I was considering consolidating these 4 to just one or two names.
Your thoughts on this action and or alternate suggestions?

Cheers and thx for your fine service!
Read Answer Asked by Henry on February 21, 2017
Q: I sometimes like to be a bottom feeder, the above list of companies are all from the growth portfolio and are under water. Do you still have conviction on any of these names for a recovery? Could you please rank the strongest.
Read Answer Asked by Leo on February 21, 2017
Q: My RIF contains FTS, AQN, EIF, KXS, ENGH, IPL as well as XLF, VWO, & KRE US ETFs. I have held ENGH since 2012 & IPL since 2009 for a large CG of nearly $400K. With the somewhat flattening of these 2 over the past 2yrs. I was thinking of selling at least 50% of each. I have somewhat resisted this move over the past year simply based on overall excellent results as well as the high quality of each company. However, it may or may not be time to lighten up & add some new diversity. If you agree with this change, I would have approx. $200K to invest in at least 6 new equities & would appreciate your recommendations. Thank you.
Read Answer Asked by Robert on February 21, 2017
Q: I have owned WEF since late 2014 and am, effective today, back to even par (if you include dividends). Their recent report showed good metrics, but I am wondering about the impact of the SLA negotiations vs the soon-to-be-imposed CVD and AD duties. Some would say we might be better off just paying the duties. At least that gives us some certainty. WEF is in a bit of a different boat than its peer group, since only a very small portion of their exports are SPF softwood-related. I believe < 15% of their exports are duty-related, due to either their species (eg: cedar) or higher value products.

What are your thoughts - keep or move on? Is this likely to be dead money until the SLA is resolved or is the CVD-AD duties going to provide some short term certainty? I am paid to wait via the nice dividend.

Thanks...Steve
Read Answer Asked by Stephen on February 21, 2017
Q: Good Morning all,

Question regarding Russel Metals latest results, could you comment please? Also when I look at my sector allocation, it comes up as Basic Materials because of Steel...should I leave it there or move it elsewhere? Could it be more considered Industrial (even somewhat Energy given its customer base)? thoughts please & Thanks in advance!
Read Answer Asked by Stephane on February 21, 2017
Q: Peter, I am going to provide my daughters (18 & 19) with $5,000 to start their TFSA's. The amount is not large enough to have a portfolio and I have read your answers on this type of question. However, I am thinking of a EFT for the S&P 500 rather than the Canadian index which is too focused on Financials and Energy. As their expenses will be in Canadian $, I would like your recommendations for a hedged EFT. Should I add a small position in SHOP, etc?
Read Answer Asked by stephen on February 21, 2017
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