Investment Q&A

Q: Good morning team,
My daugther will start a TFSA with $17,000 and will not need the money in the near term. She also plans to contribute regularly and reach maximum contribution within ~2 years. I would like your advice as to 4-5 stocks from the Model Portfolio to get her started. Your help would be greatly appreciated.

Q: Hi Five I team!
I hold most of the model portfolio in my RSP account as well as ETFs that you recommended in your review of my portfolio. I have been so pleased with the results. Thank you! In my TFSA account I hold DHX, Enghouse, Goldcorp and Telus. The last 3 stocks are also in my RSP portfolio. I have about 15000 in cash in the TFSA to invest. What would your recommend? Should I am 68 and do not need the income, nor do I plan to withdraw the funds. Many thanks.]
Ellen

Q: Peter, I have a $60,000 TFSA and have let my winners run. My stocks are BYD (33%); DHX (33%); FSV (15%); KLS (10%) and 9% cash. I am considering trimming my positions in BYD and DHX and selling KLS. I do not have a need for the money and have a long time frame and was considering adding CXI; CCL.B; ATD.B.

Q: Hi, I would like to know from the 2 portfolios Balanced Equity and Growth which one would I use to invest in a TFSA account and which one for a RRSP account.

Thanks.

Q: Hi Peter and team, I have some loser US stocks in my TFSA that I would like to sell and buy some growth stocks. I know you don't coer US stocks but do you have some recommendations for 2 year hold?
Thx

Q: A member asked about transferring a stock held at a loss to his/her TFSA. As you point out, one could sell the stock and wait 30 days before re-acquiring it (that is, inside the TFSA.) Aternatively, one could purchase it inside the TFSA, then wait 30 days before selling the losing position. Of course, this ties up more funds - but under the right circumstances (including sector allocations) might be preferable to giving-up exposure altogether. After all, if the stock continues to decline, then the claimable loss is greater. Perhaps the more pertinent question is whether one believes in the stock strongly enough to hold on to it, in spite of the possibility of unclaimable losses (that is, on the position held inside the TFSA.)

Q: Dear 5i; I was reading through the TFSA questions and the one asked by M S on July 17, 2014 got me thinking about transfers-in-kind and taxation. So firstly, I wouldn't necessarily want to transfer a "gainer" because of the capital gains tax payable. On the other hand, it seems to me that transferring a stock that is currently under-water could be advantageous. This would of course be a stock that I intend to keep because I expect it to recover, so therefore the inability to claim a capital loss is a moot issue. The advantage would be that for a given amount of contribution room, I would be able to transfer a larger number of shares into my TFSA than if the stock were at or above my ACB.

Do you think this is a sound strategy, or are there other considerations that I am missing?

Q: Hi Peter and Team,
If a person was opening a TFSA with $5000, future additions of $200 biweekly and had no other holdings, what would be your recomendation. Low fee mutual funds, ETF's?? Canada only or something with international exposure? Thanks

Q: Good day Peter, Ryan and gang. I have a friend who may be joining 5i quite soon, who has just come into her inheritance and she is going to start with her first TFSA. She will probably want to buy slowly as she learns. I offered to suggest a bit to get her started on her journey. She is 60 and a newbie to any type of investing. I am thinking of growth with a bit of dividend (or visa versa or both) Canadian ETF(s). And maybe a few stable good dividend stocks to start learning about. She plans to hold and let them grow (hopefully) while she learns. I much appreciate your help with this. Thank you as always. You are the best and I boast about you a lot.

Q: Hi Peter and team. I have opened a $35,000 TFSA for my daughter and would like your recommendations for 4 to 5 names for income and growth.
Thank you,
Nick

Q: Hi 5i team,

I am looking to invest 20K in my girlfriend’s newly opened TFSA. This would be her only investments at this time. I’d like to purchase some securities where the dividend would be above 3% and still have potential for some growth. For now some medium to low risk names for a 2-5 year hold (maybe longer if the money is not needed).
How many securities would you suggest I purchase to be somewhat diversified?
Which ones should I start with and the weight you would recommend?
Or would you recommend to have equal weighing on the suggested names?

Thanks again for the great service you guys provide.

Q: Hi Peter,

Saturday's Seminar was very educational. I've learnt a lot.

How would you advise a young person to invest in his TFSA with only $10000? How should one diversify?

Thank you as always.

Connie

Q: Good morning. I would like some help with my TFSA. At present I have CIX (+5%), FTT (-15%), and VET (-26%) and cash. Total value is 30K with 12500 in cash.
After reading through your TFSA questions I am tempted to sell all holdings and buy new holdings. (ie time to let the losers go and place money into your recomended stocks with good growth potential)
I am 53 year old with a non registered acct holding blue chips and your model portfolio.
Your help is greatly appreciated.

Q: With your help my TSFA has grown from a hobby to something a little more serious . Thankyou. I have had ESL and DH for a year and a half, DSG for 2 yrs.GIB.A for 5 mo. Also in TFSA
are MFC TD CXI WCP. The 4 tech stocks now make 55 percent
of this. Every time I think of trimming back (probably ESL )
they keep going up. What do you think ? If I sold anything I
don"t know what I would buy anyway. Have XTC ZUH ZLB and BIN
in my RRSP.
Thanks again for your time .Without your help I probably
wouldn,t worry about this stock market business.

Larry

Q: tfsa I have approx $12,000 to be put to work- right now I have some rsi 1,100 shares and 35 ffh. A couple of suggestions would be appreciated. I am 60 years of age and in no need of the money.

Q: Hi - we're about to add a second child to our family RESP, and have the following etf holdings:

ZDI (21%)
ZPR (21%)
ZWH (25%)
XEI (33%)

Any advice on this mix, and the weightings before making my 2015 contributions?

Many thanks.

Q: Hi Peter and Team
I am 64 years old,retired for 8 years have comfortable company pension, dept free,own my own home, and have 500 k split between RSP and investment self directed accounts in North American equities. My tsfa needs some help. Can you recommend what stocks to sell and and new stocks to buy and weightings of each stock. Current value of tsfa is 66k. Current stocks held and weightings are as follows. PPG us.25%, IPL cad 20% , LNR 13%, WTE 13%, tog 13%, DH 7%, OTC 6% AGU 5%,MRE 4% XTC 3%, WEQ 1%.
Have been a member for 2 weeks and have found your site very helpful.
Thanks
Marc

Q: IF The only investing account you have is a TSFA, do you recommend that they still try invest in stocks across the 10 sectors or certain sectors for a TFSA? In the TFSA currently do have some energy,health,industrial and material stocks. I am wondering if Telus and CXI would be good addition to the TFSA or better to go with a technology stock? If a technology stock which one would you recommend?

Thanks
Dolores

Q: Hello Peter & Co,
I'm 72 years old and view the TFSA as a regular savings account. About half is invested in short-term notes that are cashable at the snap of the fingers; as for the other half, I'm seeking to invest in slow and steady companies (some growth/some yield) in a business with some kind of a "moat" around it. Could you give me a few names that fit the bill? Would KBRO Linen & Morneau Sheppell fit into that category?
Thanks
Antoine

Q: Regarding the question on retirement planning software,

I use RRIFMETIC (http://www.fimetrics.com/)to plan my annual
income and taxes from pension , RRIF, LIF TFSA, Taxable investments.