Q: Hi Team 5i. I have recently received my inheritance and am poised to purchase a TFSA (full allowable $31,000.00) I am self employed and in a very low tax bracket. I will also be purchasing more stocks to add to my existing portfolio but am awaiting breathlessly for your new Model Income PF to come end of March (?). Anyway, your opinion please of the following for my TFSA? BNS, CGX, CSH.UN, G, BEP.UN, MG, SLF, STN, SYZ, T, VET, and AVO. Perhaps some of these should/may flow over into my existing portfolio. Thank you ahead of time and I am telling friends and family about your wonderful company. I am learning much. E
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Good Afternoon Peter and Team,
Presently I have $42K in a TFSA. I would like to run with a portfolio of 10 high quality growth stocks. I don't plan on taking any money from this account for 10 years or longer.
Right now I have holdings in:
BNS
BAM.A
FSZ
WSP
SCL
LNF
Cash
I would appreciate your opinion of my present holdings and any suggestions as to how to better construct a diversified, 10 stock, long term, growth oriented portfolio. Dividends are nice but not absolutely necessary.
Any help that you could provide would be greatly appreciated.
Thanks, DL
Presently I have $42K in a TFSA. I would like to run with a portfolio of 10 high quality growth stocks. I don't plan on taking any money from this account for 10 years or longer.
Right now I have holdings in:
BNS
BAM.A
FSZ
WSP
SCL
LNF
Cash
I would appreciate your opinion of my present holdings and any suggestions as to how to better construct a diversified, 10 stock, long term, growth oriented portfolio. Dividends are nice but not absolutely necessary.
Any help that you could provide would be greatly appreciated.
Thanks, DL
Q: Good morning!
Help! Four months ago, I started investing in my TFSA for my young adult son. I hold ACQ, AVO,CGX, STN and T. All are down between 6-7% except Telus. I know that these are good companies, but I would really like to add a stock that will show growth in the near future. What would you suggest? I so appreciate your service-my other accounts are doing well, based on your advice. Many thanks. Ellen
Help! Four months ago, I started investing in my TFSA for my young adult son. I hold ACQ, AVO,CGX, STN and T. All are down between 6-7% except Telus. I know that these are good companies, but I would really like to add a stock that will show growth in the near future. What would you suggest? I so appreciate your service-my other accounts are doing well, based on your advice. Many thanks. Ellen
Q: Good morning Peter and 5i Team,
We haven't yet contributed the $5500 to one of our TFSA's for 2014. At present the holdings are:
ACQ - 44%
FSZ - 12%
IPL - 19%
MDA - 24%
CDZ - 1% (a place to park accumulated dividends, as there are no fees for this ETF with Scotia iTrade.
I have two questions: (1) Are any adjustments necessary? (ACQ has really done well - thanks!)
(2) What stock (or stocks) would you recommend for this year's contribution?
Thanks in advance for your answer and especially for such an invaluable service.
We haven't yet contributed the $5500 to one of our TFSA's for 2014. At present the holdings are:
ACQ - 44%
FSZ - 12%
IPL - 19%
MDA - 24%
CDZ - 1% (a place to park accumulated dividends, as there are no fees for this ETF with Scotia iTrade.
I have two questions: (1) Are any adjustments necessary? (ACQ has really done well - thanks!)
(2) What stock (or stocks) would you recommend for this year's contribution?
Thanks in advance for your answer and especially for such an invaluable service.
Q: Hello Peter & Company,
I have opened a TFSA account ($20k) as a quasi savings account, which means that I may need some of the money in short notice.
I invested $5k into BA at $25.50 a share (it has a yield of 6% and fluctuates between $25 and $28); I plan to sell at around $27-$28 and buy back at around $25. Does this make sense?
If it does, are there other securities with similar characteristics? If it does not, what alternatives would you suggest?
Thanks,
Tony
I have opened a TFSA account ($20k) as a quasi savings account, which means that I may need some of the money in short notice.
I invested $5k into BA at $25.50 a share (it has a yield of 6% and fluctuates between $25 and $28); I plan to sell at around $27-$28 and buy back at around $25. Does this make sense?
If it does, are there other securities with similar characteristics? If it does not, what alternatives would you suggest?
Thanks,
Tony
Q: Hello 5i Staff.
My question is: I wish to offset an amount I plan to borrow, $15,000 at 4% fixed for 4 yrs, rather than unduly deplete my TFSA or RRIF (I am retired). I would like to have a couple of stocks i.e. a $15,000 purchase, to be reasonably certain of garnering a 4% income from the stock(s) with negligible risk to the capital. Slight growth would of course be a bonus. Can you suggest 2 to 3 stocks you would deem most suitable in these circumstances. Thank you for all your excellent work.
My question is: I wish to offset an amount I plan to borrow, $15,000 at 4% fixed for 4 yrs, rather than unduly deplete my TFSA or RRIF (I am retired). I would like to have a couple of stocks i.e. a $15,000 purchase, to be reasonably certain of garnering a 4% income from the stock(s) with negligible risk to the capital. Slight growth would of course be a bonus. Can you suggest 2 to 3 stocks you would deem most suitable in these circumstances. Thank you for all your excellent work.
Q: Just retired(66yrs old).Like income to complement my pensions.Risk tolerance is moderate.Like Etf & stock,which pay dividend with reasonable growth(eg etf like ZWB is on my rader).please advise some etf & stock. Going to set up Rsp,Tfsa & investment a/cs for my teenage daughter.She is conservative & want to invest in etf & stock which pay dividend.with decent growth.Please recommend. Thanks a lot,& good long weekend & family day
Q: Hello Peter!
I recently (2days ago) opened new portfolio total of 121K consisting of 66K in TFSA accts. and 55K in RRSP accts.
In TFSA I have: ACQ 13.6%, CSU 13.&5, AD 13.5%, BAD 13.6%
In RRSP I have: STN 11.4%, ESL 11.4%, RRX 11.5% DHX 11.3% .
What is your opinion about my portfolio choices & would you suggest any changes to it.
I also want to increase my # of holdings to 10 or 12 names.
Please suggest to me 4 extra names to my TFSA/RRSP portfolio.
Regards Andrew B.
I recently (2days ago) opened new portfolio total of 121K consisting of 66K in TFSA accts. and 55K in RRSP accts.
In TFSA I have: ACQ 13.6%, CSU 13.&5, AD 13.5%, BAD 13.6%
In RRSP I have: STN 11.4%, ESL 11.4%, RRX 11.5% DHX 11.3% .
What is your opinion about my portfolio choices & would you suggest any changes to it.
I also want to increase my # of holdings to 10 or 12 names.
Please suggest to me 4 extra names to my TFSA/RRSP portfolio.
Regards Andrew B.
Q: Could you recommend 3 stocks for TFSA investing - short or long term - growth, dividend and small cap.
Thank you.
Thank you.
Q: courtesy info...grand-dad can't set up a tfsa for anyone under 18
http://www.tfsa.gc.ca/
http://www.tfsa.gc.ca/
Q: Hi Si group. Really need some good investment ideas, choices, recommendations as I am creating a new TFSA for our four grandchildren, ages 2 to 9 years. Will invest initially about $1300.00 per child. Would like those investments/equities to have potential growth, reasonably good financials, as they will be long term holds, with some dividends in the future. The sectors is not critical in our evaluation. Thank you for your fine work on previous questions. This is an great service and insigt for the investment public. Keep up the stanard you have started. Many thanks, Jim
Q: What is your philosophy/approach to investments in a TFSA?
Q: Dear Amazing 5i Team:
If you were starting a tax free account today with $40,000, what would you buy? Thanks.
Lorraine
If you were starting a tax free account today with $40,000, what would you buy? Thanks.
Lorraine
Q: Dear 5i Team:
I would appreciate your recommendations for stocks in TFSA ($30,000)....high risk/growth if fine for this senior. Great service. Lorraine
I would appreciate your recommendations for stocks in TFSA ($30,000)....high risk/growth if fine for this senior. Great service. Lorraine
Q: Hi Peter!
I'm looking to create a TFSA portfolio with an emphasis on growth. Given the smaller account size I'm looking to create a portfolio of 5 or 6 names. Can you provide some suggestions.
Ian
I'm looking to create a TFSA portfolio with an emphasis on growth. Given the smaller account size I'm looking to create a portfolio of 5 or 6 names. Can you provide some suggestions.
Ian
Q: Can you please suggest a few safe stocks that pay a monthly dividend for my TFSA thanks Roland.
Q: Hi Guys, as you said in your market update this downturn is a sharp correction. Would you be buying at this point or do you expect it to continue for a while yet and if so when do you think it would be wise to start buying, I'm going to start a TFSA investment account. Thanks, Nick
Q: Hello, we have cash funds to put to work in our TFSA. We already own AVO/E/Magna/CSU/AYA. Do you have one or two further recommendations, or would you suggest adding to any of the stocks already held? Thank you, Bill Y.
Q: I am looking for a stock to add to my TFSA realizing that if it goes bust there is no recourse vis-à-vis a tax loss or replacing the capital. I currently hold CUS & CFN and only have $7100.00 sitting in cash right now.
Q: Hi - my TFSA of $32,000 is currently invested as following:
CDH - 50% (recently come alive again; still a believer :-)
Front Street Growth Fund - 7.68% (tough 2 years for Lamarche)
MEI - 25% (good long-term potential - liking it)
CASH - 17% (where to go?)
The goal of my TFSA is aggressive high growth. I like MCR; AVO; BYD.UN and DHX for the cash. Any comments and suggestions to potentially restructure the portfolio and deploy the cash to achieve diversified aggressive growth are appreciated. thx!
CDH - 50% (recently come alive again; still a believer :-)
Front Street Growth Fund - 7.68% (tough 2 years for Lamarche)
MEI - 25% (good long-term potential - liking it)
CASH - 17% (where to go?)
The goal of my TFSA is aggressive high growth. I like MCR; AVO; BYD.UN and DHX for the cash. Any comments and suggestions to potentially restructure the portfolio and deploy the cash to achieve diversified aggressive growth are appreciated. thx!