Investment Q&A

Q: Hi 5i, I have been slowly adding to my portfolio. So far it is all held in a TFSA with long term in mind. The listed companies are the current holdings (I don't know weighted percents off hand). Can you please recommend maybe 2-3 other companies or funds that would help to round out my portfolio? I plan to make regular contributions for the long term. All available DRIP's are being utilized as well to further growth. Do you see any current major issues with the current holdings?

Thanks 5i! Keep up the great work, you're much appreciated!

Q: Hi Peter and Team! I have a question about the rules of TFSA investing. Supposing , For simplicity sake, I was allowed 50,000 to invest in a TFSA. The TFSA then generated 20,000$ capital gain. I then decided to buy something with the 70,000 $ and cashed out my TFSA. A year later I decided to replenish my TFSA. Am I allowed to put back only the original $ 50,000 or can I replace the full 70,000$ ? Thank you, and have a great weekend, Tamara

Q: Hi Peter,what is your take on pivot here?would you recommend this for a tsfa or do you have any other suggestions?
I like the dividend,but is it sustainable?

Q: If a Canadian based ETF (e.g. VUS) invests in a US company or ETF (e.g.VTI), isn't the dividend paid to the Cdn ETF subject to US withholding tax, regardless of whether it is held in a registered or taxable account ?

Thank you for your outstanding service to us !

Bob

Q: If I own a stock outside of my TFSA and then buy the same amount of this stock inside my TFSA for twice the price is my adjusted cost base equalized between the two holdings?
IE 1 share = $1 outside TFSA
1 share = $2 inside TFSA

Is my cost base now $1.50 on 2 shares?

TIA

Q: Does the 30 day trading rule apply inside the TFSA's?
Thank you.
Ron

Q: when buying stocks you recommend depending on the stock up to a 5% weight based on total portfolio. My question is that since you are limited to how much you can put into a TFSA that a 3-5% of the total may be up to 30- 40% of the TFSA account,you could do very well or lose quite a bit in your TFSA depending on how the stock does.So should there a percentage difference when investing inside the TFSA especially if investing in some growth names that you have provided.

Q: Good morning Peter and Team,

In my TFSA, I recently sold GS as I was able to take some profits thanks to the dividends, but was getting frustrated with the almost daily declines. As a result, I now have 22% cash.

I have the following:
24.4% Consumer Cyclical: DHX.B; XTC
10.3% Financial: CXI; CEW*
21.2% Industrials: ECI
11.7% Technology: DSG
10.4% Utilities: AQN
22% Cash

*CEW is a small holding of 2.6%. My iTrade account permits some ETF's to be purchased commission-free, so I use it when some non-dripped dividends are paid.

In an otherwise balanced portfolio, how would you deploy the cash? I was thinking about adding Kinaxis KXS, but would using all the cash make Technology too large a weighting? Or do you have some other ideas?

As always, I really appreciate your advice and insight.

Q: i am a novice investor an am wondering if you can sell a stock inside a tfsa and claim a loss on your tax return thanks

Q: Apologies if this is a duplicate. I don't see it in the 'asked by me' section.

I'm considering liquidating my taxable account which holds blue-chip canadian dividend payers (BNS, MG, T, WSP, ENBD) to use for a home down payment. Thinking I could always buy them eventually...

In the meantime that leaves me with a TFSA containing (XAW 30%, CSU 7.5%, and BOS,ATD.b,CXR,CXI,IT,KXS,MDA,SIS,SJ)I'm a young investor with a long time frame and feel comfortable with these names for the most part. But am I left underdiversified? Would you change anything? That would mean swapping stocks for others for now rather than adding with new money. Cheers

Q: Question:I am repeating my question of yesterday and am intrigued as to your answer if you do NOT take the more conservative approach. "We have a sizable GIC coming due next week with considerable room in our TFSAs. Please provide 4 or 5 of your best growth suggestions. Much appreciated as usual."
RAM

Q: We have a sizable GIC coming due next week with considerable room in our TFSAs. Please provide 4 or 5 of your best growth suggestions. Much appreciated as usual.
RAM

Q: I recently took my remaining profit from AYA (for a total return of 170% - thanks 5i!) and am looking to reinvest that money in my TFSA.

I currently own BNS, CGX, CSU, ENB, STN and T and was wondering if you had any favourites you would add to this mix.

Q: Hello Peter!

I am getting ready to make my 2016 TFSA contribution.So far I had only contributed in CAD dollars and I hold in my TFSA only Canadian stocks.
For 2016 I have room for contibution in my TFSA for $10000.00 CAD.
I have in my US margin account $35000.00 USD ,my question is: can I use my margin USD to make contribution to my TFSA in USD for futer purchase of US stocks and how do I calculate amount to be contributed in USD to cover my limit($10000.00 CAD) for 2016 TFSA.

Andrew

Q: Could you mention 5 stocks you would put in the TSFA right now.
As number 1 being the top recomendation

Q: Regarding your previous answer to someone regarding holding US dollars in TFSA. I have been thinking of selling US options in the TSFA, in order to get tax free US dollars. I have done very well in CSU and need to trim it back and have been thinking that I would try selling US options on the returns. Do you see any probelems with that strategy?
thanks

Q: I notice that you sometimes suggest/recommend that subscribers or their young dependents purchase U.S. $ denominated stocks in their TFSAs. I would love to but I don't. The reason -- taxes. Both in the short term and with age ( I am almost 80) am learning the hard way the implications of the T-1135 and the joy of U.S. estate taxes. If I had the chance for a do over, I would put as much of my U.S. equity holdings in my RRSP as possible and later convert to a RIF. Start using the TFSA for a some Canadian dividend grower. Publish if you wish. Thanks for all you do. Bill

Q: Hello 5i,
My daughter turns 18 next month and we will open a TFSA in her name. Please offer a strategy for us to consider. Her timeline is very long-term, and the focus is growth. Maybe a mix of low-cost ETF's and a few stocks; and a stock like AAPL that appeals to the younger generation and will keep her interested in following the markets and economy. THX.

Q: I still own this stock even after your downgrade. Can you comment on their latest financials, does not look good to me. Do I continue to hold or cut my losses. Unfortunately it is in my TFSA which is why I have been holding on. I hate to loss my in this type of account.

Q: I have $ 5500 in cash in my TFSA. I currently hold AW-UN plus GIC's in my TFSA. What would you suggest for the $ 5500 in cash, I may need the money in 6 years.

Shirley