Investment Q&A

Q: Hi guys, $20000 catch up in wife’s dividend income to conservative growth TFSA. Which two companies do you like the best.

Q: I have sent this question 2 days ago but so far I have not receive the answer
1-Is it possible to put in parenthesis which category the stock belong(e.g. finance ,utility telecom etc.) when you are responding to a question
2-Which stocks do you suggest for TSF for a 74 years client.
Thank you.ebrahim

Q: I bought RRX @ $9.20 in my TFSA accnt. It is now $6.60. Current loss is $760. It pays no dividend. Selling gives me $2,000 to look else where. Any reason to think RRX might move up in the next few months? Should I keep it or sell and move on.
Thanks for your guidance,
Mark

Q: I'm looking at retiring in about 5-8 years from now. Once retired I expect to make "less" money than I do now. I have been contributing the maximum amount into a TFSA since it started and about 1/2 that amount into an RRSP. In general, would I be better off reversing this trend since I'll be making less?
thanks for any suggestions,

Paul

Q: I have a full position in my TFSA, in all of these except COV. They are all up except for ENB. I have $12,000 to invest, would you add to the existing stocks or can you suggest others. Thanks for your input, great site. thanks Dorothy

Q: I plan on buying a half position in each of the companies in question (WSP, OTEX, SLF, CCL.B & SJ) Could you tell if they should be in my taxable account or TFSA?
Thank You, Jim

Q: Hi Peter, Ryan, and Team,

I manage a TFSA for my daughter-in-law. She holds 165 shares of GUD and is presently down $419. I know that you're still positive on GUD, but she's beginning to lose patience. Would you be OK with selling GUD to buy COV (realizing its size makes it more risky) or perhaps buying XHC (which we can do commission free) to stay in the same sector in an otherwise balanced portfolio?
She's 49 years old and is using her TFSA as forced savings by adding $100 each month. (I invest the $100 in a commission-free ETF by looking at the 'best ones' and invest in the one that's down the most on the day that the $100 appears in her account.)

Thanks in advance for your insight.

Q: I hold some gold gold ETFs/producers and Blackberry with unrealized losses in a cash account. I was thinking to contribute these in kind to my and my wife's TFSAs. I will have capital gains in the cash account to offset.
What are your thoughts on this?
Thank you.

Q: You mentioned that for ETF's that up to 10% holding is fine, would holding XGD up to 10% be okay if you only have TFSA account and is only around $20,000 and this would be the only material sector stock that you own or is this too high. Currently have a 5% weight.
Thanks

Q: Are there any tax issues with holding BRK.B in a taxable account or TFSA since they don’t pay a dividend?

Q: Regarding my question on whether I could use realized capital gains from my TFSA stocks to purchase 2018 TFSA contributions, I realize that the limit for 2018 is $5,500. It was not my intention to exceed the llimit. If I realize capitalize gains in my TFSA can I not use the cash to buy anything I want, (for example a new TV)? Why then can I not use this cash to contribute to my 2018 TFSA to the maximum of $5,500? I did try to find an answer to such a questions in the CRA website and other websites but nothing answered this type of question. Thanks again.

Q: Hi Peter,
I have been researching answers from 5i on TFSA's. I am looking for a little help to define criteria for growth stocks in a TFSA.
Using TFSA for growth only
Using RRSP and Non-Reg accounts to balance portfolios (including consideration for TFSA)
In a growth model TFSA, is the TFSA to contain a "mix" of sectors or just the best growth stocks available (in recent history this would be almost all tech stocks)?
If you were to select 10 growth stocks from Canada and the USA, what would those 10 stocks be (ranking if possible) at this time?
Is a US stock without dividends the same as a Canadian stock in an TFSA.. i.e. not subject to any taxes or capital gains yearly or when cashing in the stock?
Our assumption is that we are missing out on growth potential if we do not have high growth US stocks in our TFSA. Should we be adding US tech stocks now?

Please take the number of points that are appropriate to answer our question.
Thank you for your great service.

Jerry and Debbie

Q: I have a TFSA and a Cash account. I haven't always deployed my money in the smartest ways. For example, I hold RCI.B and VEE in my TFSA and growth stocks like PHO or SIS in my cash accounts. How urgent is it for me to get my growth stocks into my TFSA? Is it just a matter of selling and rebuying in the correct account or can I do a transfer in kind?

Q: When an 18 year old opens a TFSA this year is the maximum contribution $5500.00 or $57500.00 ? thanks James

Q: Hello. This is my very first question. My question pertains to whether a realized gain from selling a TFSA stock can be used to contribute to the new year's TFSA contribution limit? (Rather than have to come up with new cash from other sources?) I currently have an $18K unrealized capital gain Thanks for all your help!

Q: Looking for suggestions for 2018 TFSA contribution for 20 year old for long-term hold, slowly building out a more diversified portfolio. Current holdings/weightings are TOY (23%), PHO (20%), SIS (18%), KXS (20%) and PBH (18%). Thanks.

Q: Can you recommend you top five growth stocks for my TFSA. I would like to take full advantage of tax free growth in this account. Rest of my portfolio is well balanced in my other registered and non-registered accounts. Time frame is 5 to 10 years.

Q: Wondering what to do with autocanada in my tfsa account. I have owned it for sometime and am down 68%. One of those depressing stocks that you hold & hope. Nothing happening here, so I am now ready to move on. My question to you before I hit the sell button, is there anything on the horizon for this company?
Many thanks
Janet

Q: Hello 5 I Team
What companies do you recommend for new money
in 2018 TFSA. Looking for growth, disregarding sectors.
Thanks Maurice

Q: I am setting up an all ETF portfolio for a 20 yr plus holding period and I have a two-part question. The first part concerns the makeup of the Canadian/US component. Is it better to go with a combination of SPY and XIC or would including CDZ and VIG provide stability and perhaps a bit more growth to the mix (keeping in mind that I intend to hold at least 5% of each but don't need income yet)?

Secondly, I am looking for higher risk assets for my TFSA. I was thinking of IWO. I know that there are specialized sectors I could include but I looking for a fairly hands-off approach. Do you think this approach would serve me well - I know that it is only one asset type - or is there a better mix out there that would still be quite manageable?

Appreciate your insight.

Paul F.