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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: I took a recent position in my RSP account on HLP-U which is now WHIVF in my portfolio. I went to buy more today and received a warning message from RBC "That I am attempting to buy a security that may be non-qualified in a registered account, CRA penalties may apply" and saying to contact my broker so I am contacting 5i instead as you'll likely know more than the guy answering the phone at RBC. Is this holding a concern in a Registered Account and if so why?

Thanks,

Craig
Read Answer Asked by Craig on December 20, 2017
Q: Re. Craig's question about HLP.U. I think it contained a typo: when he said he got WHIVF he probably meant MHIVF. I also bought HLP but my account showed that I purchased MHIVF. Its the same company but instead of receiving the TSX-listed shares as requested, we received US OT-traded shares. (mine not in registered account and I didn't receive the warning that he mentioned).
RBC's explanation was: "Please know that this is only a system limitation and does not impact your actual trade."
Does that make sense to you? I'm guessing that when I place a sell order they will try to transact on the lower volume OTC which may not be the best option for me.
Read Answer Asked by Peter on December 20, 2017
Q: Hi - I have an additional $50k to add to my real estate portion of my portfolio and would like the best reits in the following spaces: a) Low cost residential b) High end residential c) non-retail commercial d) Utilities and Heavy duty industrial e) Non-North American Commercial

What would be your top 5 picks for a long term hold (8 -10 yrs)
Read Answer Asked by Ron on December 18, 2017
Q: In terms of portfolio sector allocation, is it legitimate to consider Canadian Apartment REIT to be a consumer staple; Pure Industrial REIT to be an industrial; and Chartwell to be healthcare? I have 5% in each of these equities -- is it a mistake to be over-concentrated in REITs ? I have a good gain and a good dividend in each of these holdings, but am interested in your perception of interest rate risk and diversification ? Thank you, Tim
Read Answer Asked by Tim on December 14, 2017
Q: Apart from a brief scare because of the GOP tax proposals US home builders have been on a consistent winning streak YTD. What Canadian companies would you recommend in that sector, since here building permits have been soaring recently?
Read Answer Asked by Kurt W on December 11, 2017
Q: Hi Peter, I am wondering if you have heard about this US stock. I find this REIT pretty interesting in owning properties of data centers rather than commercial, residential, shopping mall developments. Their financial statements looks pretty sound since 2005. Is this the only player in town? If all they hold is the land and tech just keeps advancing long term, what possibly could go wrong with this company (besides bad management)? Your thoughts? Thanks.
Read Answer Asked by Michael on December 11, 2017
Q: I have owned shares in Smart Real estate for many years and still have a profit of 115%. I have a well balanced portfolio. I was wondering if it is worth keeping (considering it has been losing value over the last year) or would it be better to pay the tax and invest in something else? I do not depend on the income. Could you also comment on its last quarter report?
Read Answer Asked by jacques on December 06, 2017
Q: I have held Summit for a bit over a year and been happy with it - but - this is the third equity offering in 12 months, which is becoming rather frustrating. Does this seem excessive for a company of this size and in this sector? Could you comment on their debt, payout, this latest offering and the company in general? I hold it mainly for sector exposure and income.
Thank-you
Read Answer Asked by grant on December 06, 2017
Q: I have a question about retail exposure in REITs. My broker is encouraging me to sell these REITs due to exposure to retail and/or Alberta. Seeing that they all seem to have plans to rebalance their portfolios, I am less concerned. My exposure to retail is around 15% of my REITs overall (mostly via Riocan) and less than 5% of my total portfolio. My exposure to Alberta overall is about the same (mostly through these REITs). Would you recommend reducing my exposure to these REITs and in what order (descending vulnerability)?
Read Answer Asked by Carl on December 04, 2017
Q: What is your opinion of AP.UN in today's rising interest environment? I know some REITs will be hurt if interest rates rise a lot, but it seems to me that Allied might not be hit as hard as some because it has some unique properties which many tenants will still be happy to lease. I have held AP for many years, and am considering adding more.
Read Answer Asked by Jack on December 04, 2017
Q: I understand that CAR.UN has better overall assets than MRG.UN, but the difference in valuation seems ridiculous. MRG is trading at 80 percent of NAV and 14 times 2018 AFFO, while CAR is 105 percent and 21.8 times , respectively (all per TD). It seems to me at this valuation, Morguard should just take over the chunk of MRG it doesn't own. Thoughts?
Thanks.
Read Answer Asked by Alex on December 01, 2017
Q: are there any reits with good yields and low valuations? thanks
Read Answer Asked by jim on November 30, 2017
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