Investment Q&A

Q: 5i Research team
Could I have your opinion on (spb) superior plus. Is its dividend safe? it looks like it may be breaking out.
Cal

Q: Thank You to 5i team for the assistance you provide,i resetting my rsp. portfolio based on your income list.For many years i kept PPL running on ours RSP and TSFA and added some TOG about 6 months ago,can ENB and SGY be replace by PPL and TOG in the same size proportion about 5% in each account i'm over 70 (yes)
Dan

Q: Great service, love the q&a forum, the tweets, the blog, and the fantastic education. I am learning every day and have done very well since joining last spring.
I am dividing this part of my financial plan into 50% Model portfolio and 50% Model income portfolio. I need to buy 4 of the Equity, SJ, BDI, CCL.B, and top up AYA, and also purchase 11 of the Income portfolio. I am just wondering how fast I should execute the purchases given, the fact that we are moving into the April, May, spring summer period now. I am not expecting a portfolio assessment. Thank you.

Q: Here's a meta-question: What are the risks involved in relying on the recommandation of 5iResearch and it's portfolio? In a sense, I'm actually asking about your bias and angle to investing. Hope you don't mind my question.

Q: Hello Peter....Is VRX (Valeant) a sell? I recently purchase it with the holding now being -10%. But I read your sector bubble reason for deleting it from the model portfolio....thanks....tom m

Q: Hi Peter,
Now that you have released the income portfolio and have included Valener and sold BEP.un and IPL to make room for this name would you suggest we sell our utilities/pipelines to buy this? For example sell TRP to buy VNR? Thank-you.

Q: Sorry if this Q has been asked/answered before.
Can u tell me how you decided to remove the 6 stocks and add the 6 in the growth portfolio.
Tks.

Q: Could you please expand on the selection of CVD,CPD,ZRE and XHY for the model income portfolio. My concern is that theses ETFs likely have considerable exposure to rising interest rates and in the current environment may not have much appreciation/return potential. I have been holding CBO for the past year and while I have not done the actual calculations I suspect that any 'dividends/payout' may have been offset by the decrease in the price of the units. I realize that in an income portfolio one needs fixed income or similar holdings but were specific debentures, bonds etc. with a defined maturity date a consideration? I would like to ensure you that I am not questioning your choice of these ETFs, but would like to have a better understanding before I add them to the fixed income side of my own investment portfolio. Thanks for you help.

Q: In your income portfolio you have XHY, CPD, ZRE and individual companies. I could get almost the same with XTR and get a higher
yield.
Will I be ahead with XTR?

Q: Hi Team,

Considering your stock and ETF and Unit selections for your most anticipated Income Portfolio,
Starting with the $100,000, which selections out of the group would you purchase in a Registered account, and what would you choose in a non registered acct?

Thanks

Stephen

Q: Peter, I am interested in Valener in the income portfolio. Could you please tell me more about the company. Growth, safety of dividend, Good management? Thanks Ken

Q: Valener is in the income portfolio. There is no report on it and nothing recent in Q&A. Its trading below book and looks to be a buy.Would you just expand a little on your thinking...Thanks.

Q: Hi Peter & 5i: It will be very interesting to see how things go with the Income Portfolio and particularly to see what changes, if any, may be made as time passes. To that end, I am wondering if you have in mind clear principles for managing the portfolio first with respect to the relative position sizes but also with the weightings between the fixed income side (bond ETFs), the common equity holdings, and the hybrids (pref shares & REITS). The original Model Portfolio had the virtue of keeping things very simple in terms of 20 positions at 5% each, with the suggestion that periodic rebalancing should trim positions that got much over 6% and look to re-allocate to positions that had become relatively smaller. The new Income Portfolio has position sizes ranging from 7% (ETFs) to 3% (Telus). Obviously the ETFs are diversified holdings in at least some dimension, so I’m not suggesting that 7% is too much. But what winds up being your flags for rebalancing? Also, with both T and BCE in the portfolio, to what extent does sector balancing come into the mix? Thanks, as always!

Q: Hello Peter, Ryan et al,
In your income portfolio you mention Loblaws. Could George Weston serve as a substitute? I ask because I already have that. The dividends don't matter that much. Once again, thanks for the excellent work

Q: Thanks for the Income Portfolio and in pdf format. What does "P & L" stand for in the column heads? I take it these differ from the lower left 'returns as a per cent'. Thanks.

Q: Hi Ryan and Peter: I have a question about the income portfolio. You include FLOT which has a trailing dividend of 0.4%. I presume therefore that the role of FLOT in the portfolio is to preserve capital, and it does seem to have done this well through the recent downs. But it seems to me that HFR (Horizons actively managed floating rate ETF) does this just as well while posting a trailing payout of just over 2%. What am I missing? Roland T.

Q: First thanks for having an excellent service!

In your new Income portfolio your first item is FLOT which is US. Aren't there dangers in holding a US item in a CDN portfolio? Aside from the exchange issue, which I have been burned with in the past, aren't there tax implications with the new IRS rules concerning income and agreements as well as estate filings required to liquidate the holding if the holder passes away?

If someone didn't want to hold a US holding in the portfolio would you recommend just changing the weighting or have an alternative?
Thanks again!

Q: Hello 5I team,

Looking at the ajusted model portfolio am I correct in thinking that you have changed the sector asset allocation? For example my calculation shows 25% in tech, 20% in financial and 0% in healthcare.
Is this correct and if so is there a reason behind this change.

Q: Hi Peter. Any comments on Alta Corp's recent down grade of Surge? Thanks.

Q: In the income portfolio CVD has a yield of 4.9% but on the ishares website the YTM is 2.29%. What would be the yield if I purchased this product today. Thank you Ron