Investment Q&A

Q: My TFSA is 1% and my RRSP is 5% of my overall portfolio, does it matter what stocks I invest in? I have maintained a balanced portfolio (excluding utilities, energy) in my RRSP but I am thinking I don't need to do this. My TFSA has returned over 300% in three years so I get some enjoyment out of that. I have reduced some of my high fliers but have recently stopped doing that, deciding them to let them soar (keeping in mind that could dive as well). Thanks

Q: A year ago a member asked about BL.UN. You had suggested RBOT ETF. They both have a MER of 0.9%. I think BL.UN is a CEF. They have quite different holdings. I am looking for a Canadian Fund or ETF with Hi TEch holdings in my RRIF. The top holding of BL.UN seemed to fit. I appreciate your view on this.

Q: Hi,
I'm looking for advice to build a TFSA portfolio. It can be all stock, all ETFs or a combination of both. Probably, no more than 8-10 securities. I am more of an income oriented investor with a time horizon of 4-5 years.
Thank you

Q: As I need more US exposure, I am thinking of purchasing VUN, in my TFSA . Will this be subject to US withholding taxes?

Thanks
Helen

Q: Currently have cash flowing rental property where I've built some cash reserves that I'd like to put to work. Looking for stable, lower risk, higher yield opportunity to put this cash to work in TFSA. Any recommendations?

Q: Dear 5i
My wife contributed $5000 to her TFSA 2009 , 2010 and 2011 totalling $15000 . Two years later it was necessary for her to withdraw the total amount leaving a balance in her TFSA of $0 .
In 2018 we calculated that from 2009-2018 her total allowable contributions totals ~$57500 . As such she puts this much into her TFSA in a lump some in 2018 .
CRA informs her that her contribution room Jan 1/18 is only $50300 and as such says she has over contributed by roughly$6900 . Does this sound right to you or have we somehow miscalculated .
Thanks
Bill

Q: Hi,
Is there a strategy to transfer stocks with nice capital gains (SHOP approx 250%) from my Margin act to TFSA. My understanding is that such a transfer is considered a deemed disposition. Thanks.

Shyam

Q: Good morning,

I understand from a recent 5i article that BAM and AQN pay out their dividends in US$ and that for a number of very good reasons, it is advantageous to have the US$ dividends from these two companies journaled to the US side of my account.

At present I have a 500 shares of BAM.A.CA and 500 shares of AQN:CA in my Cdn Non Registered account that pay out their dividends in Cdn $. Given that I have a US$ Non Registered account and that I need US$ from time to time to either purchase US stocks or for travel in the US, it would make sense for me to request from my brokerage firm that dividends from these two companies be journaled to my US$ Non Registered account.

Question 1. With the dividends now being paid in US$ and showing up in my US Non Registered account, would the BAM and AQN shares themselves be shown in the US$ account or would they remain in my Cdn$ Non Registered account with the dividends from these two companies, paid out in US$ and showing up in my US$ account?

Question 2. I also have a number of BAM and AQN in my TFSA. Would it make sense to move these two stocks to my Cdn$ Non Registered account and have the brokerage firm journal the dividends as well to my US Non Registered account and with the proceeds of the sale in my TFSA, purchase other stocks/ETFs within the TFSA?
Thank you for your team's sage advice and I look forward to hearing your response.

Q: My tfsa account has 110k.How much since inception has a person deposited including this year if max. deposit with no withdraws.
tnx u...

Q: Can you please offer your 3 best ideas to add to a TFSA. This may include, Canadian, US Stocks or ETFS.

Thanks Valter

Q: WHAT DO YOU ADVISE FOR TSF FOR A 78 YEARS OLD SENIOR ?
THANK YOU
EBRAHIM

Q: This may be somewhat of a naive question but I'm new to this :) What options exist, if any, to contribute to the TFSA and/or RRSP of a spouse? What are the tax implications? Do they also apply to common law partners?

Feel free to disregard this question if it is too complex to answer. Thanks.

Q: I have a 19 and 20 year old and would like to invest in their TFSA's. Time line is 3 years but may be more. What would you suggest I invest in?
Jacquie

Q: I currently own Shopify in a non-registered account, with significant gains. Thank you for this recommendation. Do you think it is going to continue with its gains and if so, would it make sense to move it to my TFSA? I will eventually have to take the tax hit on the gains, regardless. I have room in my TFSA to buy it back with the gains that I have made. Thanks

Q: Hello Team,
I have some money on the sideline and I want to gradually put it into action.
Considering that the market is statistically overdue for a good drop (or at least flatline for a while), what would be your best 4 picks for a RRSP and your best 4 picks for TFSA. I would target a 50/50 income/growth mix in both cases.

Thank you!

Michel

Q: Our cash and RRSP accounts which are mainly conservative, well diversified, good dividend companies have largely recovered from last fall's blood bath. My TSFA accounts, where I am more aggressive, have not. I do not need the money in the TSFA accounts for some time so I am willing to wait for a recovery but would like to eliminate those that have faint hope of doing so. Given this, should I give up on any of the following and buy stocks from the 5I growth portfolio. I am retired.
TOY,TSGI,PHO,RAY.A,COV,SIS,GUD,GC
Most, if not all, were at one time looked on favourably by 5i but things change.
Many thanks for all the great answers to the questions which I read daily.

Q: Long term TFSA. I am currently down 11%BNS;26%GUD;8%STN and 6%SLF. Have Plus 10% weightings in all 7 stocks.
Should I add to the (current) losers or add something new or add to my (current) winners.

Q: I have $25,000 in my TFSA invested in the above companies, eaqch with a weighing of between 8% - 10%. Looking to add another $10,000. I'm 63. Preference is dividends and some growth. Looking for stability if another December 2018 were to repeat itself.
May I please have your suggestions, in order of preference. Please deduct appropriate credits.

Thank you.

Q: Hi
I'm trying to reduce the risk in my TSFA with the intent of using ~$60K towards a down-payment for a new home in mid-2020. My plan is to sell most of the current investments and invest the money instead in a much safer income generating ETF, though I'm open minded to where I could invest instead. I've done pretty well on (some) of these investments, but am prepared to sell the winners and losers and cut my losses to move forward and decrease my risk. I'm most concerned about having to sell at an even greater loss when we are ready to buy next year. I've listed my current investments.

Are any of current investments worth holding into for the next 16 months instead of selling now and which ETFs you would consider buying?
I'm planning to sell:
BBU.UN (no loss/gain), CM (up 3%), EMA (up8%) IAN (up200%), XEC (down 5%), LB (no loss/gain)

I'm planning to buy instead XTR.

Please take as many credits as you think fair.

Q: My adult daughter (and a 5i member herself) has about $18K put aside to set up an initial position in a new TFSA. She has a 30 year time horizon, is a conservative investor and would probably feel more comfortable with a 'buy and hold' strategy vs trading. She would also tend to favour large and mid cap equities.
Could you please suggest 6-8 stocks that might be appropiate at this time? As an aside she does hold BCE and EMA as DRIPS.
Many thanks.