Investment Q&A

Q: What do you think about Strathbridge funds? As a retired income investor I like covered call funds as I do not mind missing the big upside for stead and reliable income. Their finds seem small and their 1.1% fee seems high for investing in blue chip TSX stocks but the &+% return is attractive.They say they us a propriety method of doing covered calls.
Dont ask many questions but am an avid reader of everyone elses.
Thanks for the great service.
Don

Q: Hello, I am looking for a very safe mutual fund for my daughter's RDSP. I am looking to get her out of equity funds as much as possible for a while and into something which pays reasonably more than the fee and is at the same time RDSP eligible. Thank-you

Q: Could you give us your latest opinion on cix pls

Q: We are Seniors who do not need current income from investments. Have various accts. at TD Waterhouse - considering using their new ETF's to increase international exposure: TPU vs. THU; TPE vs. THE. What is your current thinking re hedged versus unhedged?
Any thoughts re investing in TD's new ETF's versus using TD-efunds?

Q: Good Afternoon,
My parents are getting older now ( in their 70's) and getting more and more nervous with volatile stock markets and problems around the world, needless to say they have become nervous investors. What do you think of Segregated Funds, more specifically Guaranteed Minimum Withdrawal Benefit (GMWB)? Basically a seg fund that not only provides a maturity guarantee, death guarantee but a guaranteed income stream as well. I know all these benefits result in much higher costs. Do the higher costs associated with these products make sense for all these guarantees and hopefully more of a sleep factor? They seem very complicated though.
Thank-you

Q: I am considering the Mawer international equity fund for some exposure outside of north america. Historically it seems to have had respectable performance and outperformed many of the international index ETF's that I have been looking at, although exposure does seem biased a bit to the UK.

Given that there are so many funds/ETFs out there do you have any favourites for international exposure that you currently recommend instead of MAW102? My only current international holding is a position in the Euro stoxx 50, FEZ.

Thanks, Jeff

Q: Can I get your views on the Linde Equity fund and the Linde Equity Report ( mentioned in the recent issue of Moneysense)

Q: Under symbol TDB976, I have the only 2 questions (Sept 28/15 and Feb 19/16). They contain my background information.

My weighting in this fund is 3% and am still waiting to top it up a bit. It has fallen significantly lately, which I believe is currency related, due to the fund not being hedged.

Question 1 = from here, what does your speculative crystal ball think about where the Cdn-USA currency rate will go, especially now that the Fed is slowing down the normalization process? Oil seems to also be having a currency impact.

Question 2 = should I top this fund up now that it is even more on sale, or wait until the USA election rhetoric subsides? OR, should I sell?

Basically, do you see upside potential for this security? Since buying, I am a little underwater. It is held in my TFSA.

Confused. Thanks,
Steve

Q: What is your view of FID MTHLY INCM (SR-B) (CC) FE (FID416-C) ?
It is difficult to understand how much fee I pay to hold that fund. (paid and still paying)
I thought of replacing it by XIC.
Do you agree?

Q: Hello, on October 29 last you advised that MAW105 was better for a non-registered account. Conversely is MAW104 better for a registered account? Thanks, Bill

Q: I have recently joined my local share club and am learning how to feel more comfortable acting as my own financial advisor.
I have transferred my existing mutual funds over to a TD Waterhouse Account and would like your advise on what to do next with these funds. I am 56 and would like this to grow over the next 10 years and then produce income for me as I have no pension. Thank You.
These are approximate
TDB889C - 29%
AIM1595C - 19%
AIM1571C - 13%
AIM1561 - 9%
AIM1581C - 7%
AIM1559C - 5%
Cash - 17.5%

Thank you

Q: I currently own small positions in XEG, CPG, ARX, WCP and VET. They total 6% of my portfolio and I plan to move towards a 10% oil weighting by the end of the year.

I'd also like to buy a position in small cap energy so that I can benefit from the rebound, but I can't pick which one to invest in and am afraid if I buy just one, it may end up being the small cap that goes bankrupt. What do you think of me buying Sprott's Energy fund? I don't usually like mutual funds because of the high fee (2.5%) but if I buy very small positions in 10 small caps myself, it will cost me 1-2% in transaction costs anyway. Also, if the fund goes up 30 or 40 percent, I won't care much about the fee. Do you think this is a good idea? Do you like the fund? Are there any ETFs that would be comparable? I own XEG but it is mostly large cap oil, so not comparable.

Q: I have been a long term holder of this unit 10 yrs. With the current uptick and potential now upside would you recommend adding to my position or to continue holding my position with no increase in units. What are your thoughts on this holding?

Q: Dynamic Strategic Yield (1560)
Sentry All Cap Income (recent name change)
YieldPlus Income Trust
Sentry Growth & Income (727)

Hi

I'm 75 and have been living off these since I retired. Over the years they have done well for me.

Recently Sentry Growth (727) cut their dividend by about half. Is it time to get out and look for a better one. I have these with a financial adviser but i don't have a lot of faith in his advice. He wants to sell me products and i don't know enough to know if they are good or bad. I have thought about going on my own but i don't have the knowledge to do it. If i screw it up i'm beat.

I've looked for help but i can't find anyone who wants to bother with under a half million. I'm a truck driver, i don't have that kind of money.

Paul J

Q: Hi guys,

I have an index portfolio set up for my son - 1/3 Canada TDB900, 1/3 US TDB902 (S&P 500 unhedged) and 1/3 International TDB911. Given the rise of the US currency vs. the CDN $, would it be prudent to flip all of TDB902 to TDB904? Would you do a 50/50 split between TDB902 and TDB904? I guess I could ask the same concerning TDB911 and TDB905.

Thanks!

Aaron

Q: Hello Peter
I own a large poition of my portfolio in the MAW150 fund , it has been down about 9 % this year 2016 so far. Should i be worried, or contuine to hold for the long term ?
Thanks

Q: Good Morning
I have purchased the PHN Hi Yield Mutual Bond fund a couple of years ago and it has lost approximately 12% of its value. I noted that some of the top holdings are related to the energy sector such as Savanna, Gibson, Baytex, Trinidad Drilling etc.
Can you please comment whether I should hold or sell this mutual fund?
Can the value of this fund decline further if some of the companies included in the top holdings list like Baytex go bankrupt??
Is the ranking of 4 stars out of 5 by Morningstar for this mutual fund of any significance?
Thanks

Q: Could you explain when the funds are hedged and unhedged how they work with the movement of the dollar ?

Q: I am up 25% in 1030, a long term holding but down on both of the 1033 and 1042. Would appreciate your advise as to sell or move into other Mfund. Many thanks, J.A.P, Burlington

Q: Is CRA form T1135 required for investments in this fund, since it invests in numerous countries in the world? And how on earth would an investor get accurate numbers for this? Or does the Mutual Fund company provide the necessary information?