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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: Hello 5i,
I am now putting growth stocks in my TFSA after putting in my GIC's over the years. I am holding IWO and LNF in an unregistered account. To complete my TFSA contribution should I include IWO or LNF?
Thank you
Stanley
Read Answer Asked by STANLEY on January 12, 2020
Q: Hi Peter, Ryan and Team,

Happy new year greetings to you. I have cash to add to one of my existing positions in my TFSA. For a long term POV, between FTS or LSPD which would you add to?

Thanks.
Read Answer Asked by Marvin on January 08, 2020
Q: Hi 5i,
I'm considering our 2020 TFSA contribution options and wonder whether we should add to our BAM holding (1.7%), OpenText (1.5%) or start a new position in Kinaxis? Our other Brookfield holdings (in registered accounts) include BEP (5%) and BIP (4%). Thanks for your advice.
Read Answer Asked by Martha on January 07, 2020
Q: Happy New Year and welcome to a new decade :)
I plan to take this year's TFSA contribution and divide it equally between ARE, REAL & XBC. The goal is growth. Any dire warnings before I proceed? Thank you.
Read Answer Asked by David on January 07, 2020
Q: I need to invest the new $6000 TFSA contribution for my 24-year old son. He won't need to touch the money for a long time. What would be your suggestion for this investment , given that his other holdings are already mainly growth oriented (SHOP, CSU, SIS, PHO, XIC and ZLB)?
Read Answer Asked by M on January 07, 2020
Q: I am wondering what your 5-6 best TFSA contrib ideas are for where we are in this market. I am kinda a guy who favours a thematic approach to investing as opposed to buying a roll-up-er like CSU or ATD. I'm looking to buy a name today that is good & getting better and hopefully one that will bear a lot of fruit in 3-5 years. Happy New Year!
Read Answer Asked by Martin on January 07, 2020
Q: Greetings 5i - I am helping my 29-year old daughter with her TFSA. She has $9,500 to invest and we're thinking about putting it into VFV:CA so she has some US exposure. She currently holds BNS, FTS, PPL and PBH. Alternatively, we were thinking of dividing it between AQN and ATD.B or BAM. Would appreciate your thoughts on what's best for a long term hold. Happy New Year to you all.
Read Answer Asked by Martha on January 06, 2020
Q: good morning 5i and all the best of the season to you.

in a question asked earlier this morning someone asked about some core holdings in a tfsa. you gave a handful of stocks which look good. i am always trying to allocate stocks in the best account. one of the points i look at is dividend yield. i try to gwt higher yielding Canadian stocks into my non registered account in order to get the dividend tax credit. of course you lose this in a tfsa. i noticed that a couple of the stocks which you mentioned as core holdings in a tfsa had dividends. MG for instance has over a 2 % yield. i was wondering what considerations do you take into account when looking at putting a dividend paying stock into a tfsa?
thanks
Read Answer Asked by joseph on December 23, 2019
Q: Hi. I own TCL.a in a non-registered account & NFI in a TFSA, both at a huge loss currently. My questions are:
1) What do you think is the risk of continuing to hold these stocks now?
2) What do you think of their potential over the next year and in the years beyond? Do you think they can recover?

Since NFI is inside my TFSA, should I sell it and buy something else? TCL.a could sell for a capital loss. If I have to sell either one, which one should go first? Or should I wait another quarter before doing so? Thanks for your help.
Read Answer Asked by Esther on December 12, 2019
Q: Can I transfer some BYD.un from my non registered cash account to my TSFA. I would use the max contribution for 2020 or $6,000 I suspect that the moment I transfer then it triggers the Capitol gain on my cash account is my assumption correct ? is there any other way to take cash from TSFA in shares or cash. ?Thanks
Read Answer Asked by Terence on December 12, 2019
Q: Good morning 5i,
Once again thank you for the excellent service and advice that you give so generously. This morning there was a question about putting Boyd into a TFSA. I had been wondering the same thing. But, you mention that you dont really see it as a high growth stock. I imagine I would be better to put Google in, if I want growth. That means another capital gain, however. The beauty of Boyd is that you have to take the cap gain anyway. Getting to be a long story here. But, how would Parklawn compare with Boyd in putting in a TFSA?
thanks
Read Answer Asked by joseph on November 29, 2019
Q: My wife and I are interested in growth possibilities for our 2020 TFSA contributions. Thanks to your previous advice we’ve done very well on SHOP, LSPD, KXS, GSY, CSU. We’re solely interested in tax-free growth in our TFSA accounts and have investing balance covered in other accounts. Considering positive momentum, which of these would you recommend adding to for the most torque?
Alternatively, could you recommend 2-3 other picks you could get behind at this time.
Read Answer Asked by Warren on November 28, 2019
Q: Thanks for your many comments on the securities cited. Currently I hold small positions in both in my TFSA and with the New Year fast approaching, I wonder if I would be best served if I transferred both to my taxable account and increased my contribution room in the TFSA for 2020 and expanded my holdings in the TFSA with other securities next year. Your insights and opinion would be appreciated as always. thanks, Bill
Read Answer Asked by Bill on November 27, 2019
Q: Goodmorning
My wife will be making a contribution to her rrsp this year before it will be turned into a RIFF. She has bam.a in her TFSA would you recommend transferring in kind Bam.a or cash which she also has available in her TFSA and keeping Bam.a in the TFSA?
THKS
Marce
Read Answer Asked by Marcel on November 18, 2019
Q: I'm 21 years old and am planning on making a TFSA portfolio of Canaidan companies (Mostly Blue-chip dividend paying stocks, IE, Banks, Telcos etc....) to buy and hold forever. I'm also planning on adding SHOPIFY in my TFSA and placing BABA in my RRSP. I was thinking XAW in RRSP as well top get american/international exposure, Just wondering your thoughts on this and any advice would be great. Also do you think it's a good idea to invest now or wait for a market correction or just avergae in over time in all of these companies.
Read Answer Asked by Johnny on November 14, 2019
Q: What would be a good company to buy shares in for a teenager for his first investment? It was mentioned before that it increases interest in investing if the teen knows about the company. I was thinking of Costco, Disney, Mcdonalds?
Would you be able to provide a top 3-4 names in Canada and 3-4 in the US as suggestions? Thanks
Read Answer Asked by Marco on November 12, 2019
Q: I’m struggling to decide which 3 of these holdings have the greatest potential if the only criteria was growth in a TFSA for a 5 year + hold.
I would appreciate any thoughts on which 3 you might keep and why (or which 3 you might divest and why).
Read Answer Asked by Stephen R. on November 11, 2019
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