Investment Q&A

Q: Merry Christmas to all at 5I and thanks you for a very productive year, My question involves BEP.un as I am looking to add it to my portfolio on a pullback. I already own ALA and it is at 2.5% of my portfolio. The rest of my portfolio is as close to the Balanced Portfolio as I can get. Could I have your thoughts on this acquisition.

Q: Not a question but a comment. I'm glad to see you are covering CRH Medical now. I had thought about asking the question a while ago, "why shouldn't I own CRH" to get the sell side argument in case I was missing something. But it sounds like you are agreeing that CRH has a bright future. Great growth, mgmt, and their expansion from the Gastro side to anesthesia services was very smart. I find them to be one of the better run companies in my portfolio, so far.

Q: Would appreciate your take on the Tech Sector for 2017. Which of the above do you favour for growth with the most solid fundamentals? Or is there another one you would prefer? Thanks and Merry Christmas.

Q: Hi there, thank you for a great year of service! In the new year I will be rebalancing my portfolio, shifting positions to 4% in each of the Balanced Equity names. This will leave me with 8% left in cash and room for 2 names to make a 25 name portfolio. Which 2 names would you add for balance and growth? I am in my early 30's and have a long term outlook. Thanks again!

Q: If you could buy just one oil services company for a 1-2 year hold for a 5% weighting who would it be and for a mixture of growth and value thanks a lot

Q: Hi Team,
You've just added CRH to your growth portfolio. I've been tracking it for a while based on your coverage and a friend's position in it. Can you please comment on its risk level? My thought is to possibly move out of Gilead Sciences (GILD) in the US and into CRH. But I am concerned about its valuation after a great year, especially when compared to GILD which has had a very bad year (and may now represent a value opportunity or dead money). I also own Knight (GUD) and iShares Biotech (IBB). Your thoughts would be appreciated. Thank you. Michael

Q: IN YOUR INCOME PORTFOLIO YOU HAVE CPD,CVD,XHY AND THEy ALL HAS LOST MONEY ( - 20%, -4% AND -10%.).Does it make sense to get rid of them?Why have any bond at all?Thanks and season greeting to all.ebrahim

Q: Hi,
If my calculations are correct and the projected forecast on earnings is also correct this stock should be in the $55 to $60 range at this time next year. If not higher. I understand that any stock can reverse course at any time! So my assumption is based on numbers and past performance of management. The stock looks like it has solidified at around $39.00 the past few weeks from a high of $44 and change. I believe the drop was end of year profit taking and portfolio management. What are your thoughts on this. Thanks.

Q: A couple of years ago I transferred 25% of my sdrsp into a sdrif so I could set up the basic structure and start adjusting to appropriate holdings to produce a revenue stream and a bit of growth. I will transfer the remainder of the RSP in 3 years. I have gradually been selling stocks that do not seem to fit and have been moving the proceeds into some of the 5i income portfolio. I currently hold 9 of them, as follows :
ABT, BCE, BEP.UN, BNS, ENB, ET, FSZ, XHY, WSP

I have some cash available and would appreciate your suggestions for which 3 or 4 of the remaining ( ADW.A, AGU, AW.UN, CPD, CVD, ECI, L, SPB VNR, ZRE) you would suggest I acquire. Also, given possible year end/new year movement and events, could you shine up your crystal ball and give any comments on what timing might be best for those acquisitions?
Please note: I hold IPL (6%) as well as ENB (8%)– would you recommend IPL be changed to VNR ?

(I also have a fully funded TFSA with a growth tilt and a non-registered account with a dividend/growth tilt and OAS/CPP gvt pension).
As always, THANK YOU to Peter and the 5i Team for being there ... May your Christmas' be Merry and Bright !

Q: for a young person with their own RRSP and LIRA would be best to use the balanced portfolio or should they add some growth stocks as well?

Thanks
D

Q: Hi: I'm new here. Are the stocks/ETFs listed in your model portfolios to be considered "buys" at current levels? Thanks.

Q: I am a long time holder of Inter Pipeline (IPL). I have a diversified portfolio that includes nearly all of the holdings in the BE model portfolio. When Enbridge was added to the model portfolio, I took a pass and figured I would just stick with IPL. Although IPL's share price has generally lagged ENB, as of late it has been outperforming and I am wondering if now would be a good time to switch. I know that ENB is much larger, but IPL does pay a higher dividend. Without any tax implications do you think a switch from IPL to ENB makes sense for a 5-10 year timeframe?

Q: For your info.Should i load up the truck on this stock
http://bloombergtv.ca/2016-12-15/news/industries/tech-and-health/were-in-a-good-position-in-the-u-s-prometic-life-sciences/

Q: I looked at their financials and some things did not make sense: high intangible asset amount, negative ROE yet have a good cash position and high advance from customers I guess that gets amortized over the year? No debt which is great - so, to me this picture is a little confusing? Their product is security software which I would think, is a good place to be - who are their customers? Thinking of buying in my TFSA -what do you think?

Q: Do you prefer:
(i) the 3 ETF Canadian Couch Potato Portfolio (VAB, VCN, VXC) (ii) the 11 ETF Canadian Money Saver Portfolio (CBO, XBB, CPD, XIC, CDZ, XGD, VEE, VE, SPY, VIG, IWO; or
(iii) something in-between?

Also, do you have any thoughts on Norm Rothery's Hot Potato (a take on the Canadian Couch Potato
- http://www.moneysense.ca/save/investing/spicier-couch-potato-portfolio/ )

Thanks!

Q: I have held all the stocks in the growth portfolio since inception and am thinking about moving back towards an ETF portfolio approach. If I were to proceed, would you do this gradually over time, all at once in December or January, etc?

Q: HI I hold both ECN and EFN. Want to reduce the number of my total holdings. Appreciate they are different but if you had to sell one which one should I hold on to. Thanks, Bill.

Q: Hi there, in your previous answer on Friday regarding PLI, you were going to fact check on the short sell attack report, have you done so yet? You were going to check on several things, have you had a chance and what things were you going to check on? What conclusions have you come to after the weekend? Sorry, but this is a large holding and hoping that 5i is on top of this one...for all members! Are you confident enough in PLI management/board that you will be adding to the GP holding? Thanks!

Q: In light of the BLA to US FDA news about 1 1/2 hrs ago, should one be inclined to "stay the course"if long?

Q: Hi Guys, I currently hold all the Balanced Equity Portfolio stocks in my TFSA with approximately the same weightings, which represents my ~20% Canadian equity exposure. How would you recommend investing the addition $5,500 in January? (Would bolster up a couple of holdings be reasonable, if so which ones, or hold it in cash until there is other activity in the portfolio?)

Thank you for such a great performing portfolio!