Investment Q&A

Q: I participated in a class action suit re: Zungui Haixi and today received a my settlement cheque which surprisingly amounted to about 20 cents for each dollar lost. The stock was originally held in my TFSA so that is where all the loss occurred. Can you tell me if there is any way to attribute the settlement funds back in to my TFSA without it counting towards my annual contribution?

Q: If you sell a stock in a Tax free account that results in a capital loss does the loss provide you with additional room within the tax free account over and above your annual contributions?

Q: I am retired and setting up our TFSA's (wife & I) for a stream of tax free income.We max contribute every year and are currenly overweight energy-27%, reits-23%,piplines-23%: underweight utilities-7%,industrials-7%, financials& others-0%. I would love some suggestions for our 2015 contributions, preferrably heavy on income & modest growth. Many thanks,
John

Q: Hi 5i team,

Suggestions for starting a TFSA with 10k initial investment. I was thinking of 3 stocks from diverse sectors. low - med - high risk.
SGY (or WCP) high
DHX.B med
TD low
roughly 3k each. Thoughts?

This TFSA complements a large portfolio of mutual funds that are properly diversified.

As an aside would you substitute BTE for any of the above mentioned candidates?

Q: A question on buying stocks on the NYSE or Nasdaq exchange. I have never bought a stock on an exchange outside of Canada, and am very ignorant of the consequences. As an example I would like to buy Apple, and realize I have to pay in U.S. dollars, plus a small fee for exchange both on buying and selling the stock. I have a RRIF, an RSP, and a TFSA and any buying would be through one of these. Is there any problem with me holding a US stock in these programs and is there any tax consequences? Is there any other problems I am not aware of? Thank you.

Q: My daughtet 30 has just open a tfsa a/c with $1300 she is looking for growth minimum 1 year time frame.please advise what to buy.

Q: Hello Team,

I am looking for advice in re-balancing my TFSA account currently holding AEI, HBM,RC,FEYE and PRW (1/2 pos). "Aggressive" growth is my objective for this account, I am OK with volatility and have a time frame of 3-5 years. I am looking to add QST, PLI, AVO, KLS and DHX.B, with new money. Can you give me your thoughts on the list in terms of diversification and sector weighting?
If you think I need to replace some names, can you suggest alternatives, preferably low dollar securities (<$ 15) with very good growth potentials.

BTW, does any of these have a chance of making it to your upcoming growth portfolio? Do you suggest that I wait for that?

Thanks as always.

BK

Q: Hi Peter
I just checked my TFSA account and have a 1% admin fee taken out by RBC. Is this a standard fee in the banking sector? It covers the cost of trades. I have a self administered account with TD and am wondering if I could transfer the account.
Thanks
Gary
(Anxiously awaiting the portfolio review!)

Q: Hi Peter, What do you think about these tech companies: RFMD and TQNT (which apparently are merging to create QRVO). Also, CODE and IMOS. Would any of these fit as a buy? If so, would they be ok in registered and/or non-registered account?

Thank you!

Q: Could you please recommend four or five of your favourites for my TFSA in January . Thanx Robbie

Q: Please suggest 3 low beta blue chip CDN stocks for RRSP Investing and 3 of similar quality for my TFSA . Thanks. Richard

Q: Peter In six weeks were into a new year and what a opportunity to move my surge shares into our tsfa and enjoy the tax free income.This is to me the silver lining of the low oil price .

Regards Stan

Q: Hi Peter & Team,
Should I consider my wife's TFSA & RRSP as part of a consolidated family portfolio (diversification, % of allocation, etc)? or a "stand alone" portfolio (which may mean duplications etc)
Thanks for a VERY good service!
Morris

Q: I’ve been thinking about how to distribute my portfolio among my TFSA, RRSP and non-registered accounts. It seems to me that TFSA space is very valuable. Once you lose it, say because a stock crashes, you may never get the space back again. Perhaps its better to be conservative with your TFSA portfolio so you can take advantage of all its (growing) space for a very long time. As for RRSP space, I really own only about half of that space since the money is taxable when it’s withdrawn. If I take a risk in my RRSP and it turns out badly, the government will, in effect, absorb half of my loss. So it seems to me the TFSA is the best place for my fixed income assets and the RRSP is the best place for my risky equity bets, while my non-registered account is the best place for my less risky equities, especially those with good dividends that are eligible for the dividend tax credit and have some growth potential. What do you think of this perspective?

Q: I am currently underwater in my TFSA by 20 percent. My current holdings are CIX,FRC,FIT,MAG,VET. The biggest losses have come from FRC,MAG and VET. In a recent answer you suggested a TFSA for growth of AYA,QSR,KLS,CLL.B,AVO. I have a 10 year time frame until retirement.
My question is should I sell all or some of my holdings and repurchase your previous suggested portfolio. Or is there a better selection of stocks for my TFSA.
Thanks for your help!
Victoria

Q: With the recent downturn in the markets, it seems there is a buying opportunity. I've had each of my adult children open a TFSA with $5500 in it. What investments would you recommend if:
A) the objective was growth without taking on too much risk for the next 5 years;
or
B) the objective is to maximize the value at the end of 5 years even though there's a medium amount of risk.

I believe they will be adding $5500/yr

Thank you for all you do!

Q: I am looking to add to my small, initial $10,000, TFSA. It presently has 4 stocks in it BDT (32%), BEP.UN (12%), CF (45%)and ESN (10%). The portfolio is up 20%.
I am looking to add $5-10,000 between now and the end of the year and would appreciate suggestions on what to add to the mix?
Thanks for the help!
Ken

Q: Hi Peter, i am planning to open a TFSA account for my 18 year old son this month. Any recommendations on what to buy? Total investment amount witll be $5500.

Thanks.

Q: TFSA I have mishandled my TFSA and am down a stupidly large amount. I recognize that I cannot utilize the losses but is there a way to replenish to the full amount? IE Could I withdraw the entire amount and then replace it with $31K?

Q: Hi Peter & team,
Would it make sense to transfer “in-kind” slow moving / losing stocks from TFSA to cash (non-registered) account?
This way my TFSA account will have next year an extra contribution room and I will be able to use the losses against capital gains.
Your advise is much appreciated.
Morris