Investment Q&A

Q: I would like to add two growth stocks to my TFSA. I would appreciate 3 suggestions to choose from. Thanks for a great service. Dan

Q: What is the most tax effective way to hold US stocks? I’m 32 with a good income, and have a full balanced tfsa holding Canadian stocks and etfs. I’m interested in building an account to hold US dividend aristocrats/Kings set up on auto deposit/drips as a set it and forget it style account. From everything I’ve read the dividend aristocrats generally have returned better than market average with good security and fairly stable growth, would you agree? I own my own companies so my income is structured to be very low tax, so I don’t need the break offered by the rrsps but I do have quite a bit of contribution room there. Would you recommend rrsp for US holdings for tax reduction, or is there a more efficient way?

Thanks

Q: In the near future I will be making some TFSA investments. My understanding, from commentary I have heard, is that it is wise to not invest in US stocks as the US government withholds dividend payments inside such an investment vehicle.
However, my thinking is that this does not necessarily mean that buying US stocks inside a TFSA is an absolute no no as this negative should be balanced against the positives with a given US stock. If the company is a fast growing US tech stock, for example, that doesn't pay a dividend then the withholding of dividend income is a moot point. Please comment. Thanks very much.

Q: Is it necessary to wait 30 days to rebuy same stocks in tfsp.Thanks

Q: Hi. What are your views regarding buying Twitter as part of a well-diversified portfolio? Thx

Q: Since writing covered calls and cash-secured uncovered puts has the same risk/reward profile why is only covered call writing permitted in registered accounts? Is that a government regulation or an individual bank decision?

Thank you.

Milan

Q: I have done well with ADW.A and am considering reducing this stock to a full position and adding BAD. My TFSA holdings are ADW.A, DSG, ECN, ECI, EIF, IPL, GUD, LUN, OTEX, PHO, RRX and TOY. Could I have your thoughts on this move or any other suggestion?
Thanks
Roy

Q: Is there as maximum percentage of US investments allowed in RIF and TFSA?
I am doing my own investments in TD Waterhouse.
Thanks
Margita

Q: In your response to a question regarding dividends in a tax free account you replied that withdrawals must be reported. Who do we report withdrawals to ? I was under the impression there is no reporting of income in aTFSA.

Q: I am looking to add another US growth company in my TFSA, and am thinking about GRUB and SPOT. Which of the 2 would you prefer for growth, or do you have others that you would prefer over these 2 stocks. I am already pretty heavy with tech in my TFSA.
Thanks
Nancy

Q: I hold AQN in a cash and Tfsa account. I would like to have the dividend kept in US $ as we often need US $. I presume the dividend would still qualify for the dividend tax credit? I would just have to convert it to Canadian in the cash account. The other account wouldn’t matter if I convert it too? I would have to know the Canadian $ value if I took it out?
Thanks for you insight into this.
John

Q: What are your BEST 5 ideas for a TSFA account. Thanks Valter.

Q: I am a 67 year old male pensioner with a limited income stream from CPP/Old Age and non-reg. and RSP funds(about 20 equity positions and a 27 % cash position).

At present I am very under invested in my TFSA and am about to transfer available non-reg. cash funds into my TFSA in order to maximize my contribution room. What would be your top ideas be in 'risk' and non-risk/safer equity positions?

Thanks so much,

Q: This has probably been answered before but I cannot find any reference. I will be having some free space in my TFSA soon and was wondering whether that account would be a good place to hold it, or better to put something higher growth there?
thanks

Q: hi there,
I am not sure how MLPs are treated from a Tax perspective. Are they better held in an RRSP versus a TFSA or does it matter? What are the downsides of owning these?

Cheers

Q: Hi, Would you please recommend 3 to 5 stocks for a TFSA (80K) , I'm interested in growth and some risk is ok, for a 5 year horizon!
thanks 5i

Q: My children (early 30s age) have $25,000 each in their TFSAs. What might you recommend for them? Thanks.

Q: Suggestion for a late start to a TFSA. 72 yrs old, looking to put $20k from RIF withdrawal into a TFSA. No immediate need for the funds so wondering what makes sense... Balanced or income...ETF or individual stocks.

Q: My 25 year old son has some money to invest (equivalent of a full position) in a self directed RRSP and I am looking for some advice on this as well as a little TFSA portfolio maintenance.

His TFSA has 10% in Cnd banks, 10% in EQB from previous employment, full positions (5% each) in CSU, ECN, KXS, MRE, PHO and SHOP and 1/2 positions in SIS, TOY, TECHY, BYL, CHE.UN (keep???), and CXI.

I am thinking he should sell his EQB as his Cnd Banks are likely a safer way to play the Cnd mortgage market at this point in the cycle - do you agree? Should he move on from CHE.UN as well?

This would leave him with the equivalent of 20%+ to reinvest - 10% in his TFSA and 10% in his self directed RRSP. Should he top up current positions (if so, which ones) or add a couple new ones (if so which ones). Your advice for investing these funds is most welcome!

Many Thanks
Scott

Q: I'm opening a new TFSA account. What 5 stocks would you recommend for a 10+ year investment today, emphasis on growth.