Investment Q&A

Q: Is having a good day. Anything 5 i sees to account for this. Thx

Q: Following up on a recent question regarding allocating the appropriate amount of monies to each stock, the amount depending on the size, safety, etc of that security. Would you agree with the current split (full, partial, small):

Full = AD (should be partial), AQN, BCE, BNS, FTS, RY, TRP.
Partial = CGX (could be full?), CSH, NFI, PGH (could be full?), TCL, WSP (could be full?).
Small = WCP.

Thanks...Steve

Q: I track my asset allocation in detail...retired, lots of time and interest to do so. I break out ETFs and my few mutual funds by sector. A few of my stocks are split into a pair of sectors. As an example, TRP is sometimes referred to as a Utility, but seems to track the Energy sector...so I split it 50-50. Ditto for CSH...I split it 50-50 between REITs and Healthcare.

Both NFI and TCL are listed on the Company Profile as being in the Consumer sector, but I have seen them both in the Industrial sector as well. Using my TRP and CSH examples above (to be consistent in my tracking methodology), where should NFI and TCL be allocated...solely to one sector or 50-50?

Thanks,
Steve

Q: Hi, we already have 5% weighting in this co. with average cost of $28-$29. You have commented that stock, current levels is very inexpensive and Coveris acquisition, although had teething troubles but should eventually work out. Is it OK to add 1% to take advantage of current low price, in a Taxable account to average down and benefit with 4% dividend yield while waiting ? Thanks

Q: Good morning,
I sold the above in early October to capture tax loss, and can rebuy next week. Are there any among these 4 that you would pass on for now.?
Thanks for the hand holding.
Ted

Q: Which of TCL and CCL do you prefer and why? I own both and am considering selling one and buying more of the other. Tax loss is not a consideration.

Q: Hi, The listed companies have been where I have taken a big hit. As a novice investor the lesson I've learned is that it makes sense to average into a position, especially in an uncertain market. Losses in these stocks have taken over 5% of my portfolio. Can you comment please that all of these companies show promise for the long term, and there is good reason to say they will bounce back when the markets do recover? I know that MFC has a litigation issue, and TCL.A has an acquisition that is somewhat off the rails. I don't need this money for at least 15 years, but also want to feel sure I'm setting up my RSP for an increase within a few years. Thanks.

Q: Would you buy TCL.A today or does this stock fall into the "catch a falling knife" category?

Q: I am a retired, conservative, dividend income investor and have 1/2 to 2/3 positions in each of these securities. I trim-add to my stocks when my asset allocation needs adjusting (recently topped up BCE, BNS). I am considering topping up these 4 stocks, but am fully aware that Tax Loss Selling Season will soon be in full swing. Having said that, all 4 of these stocks have already been beaten up a fair bit.

I know you are NOT a market timer, but does your crystal ball foresee further downside as we work our way through the next 2 months of Tax Loss Selling? Using TCL as an example, you just added 1% to your position. I am sure you must have had quite an internal 5iR discussion about "when" to add that position vs. your 10% cash position at that time and the need to deploy some of it. OR...is it as simple as...this stock has been beaten up so much, it has excellent value now, we know we can't time the bottom, so let's just buy it now?

Thanks...Steve

Q: Hi
I sold TCL.A on October 1, 2018 for a tax loss of $2,913. in my cash DRIP account.

I was paid a dividend on October 16, 2018 and received 3 shares.

Will this cause me any problems as it occurred within 30 days of my selling?

Thank you

Mike

Q: Considering tax loss selling NFI and TCL (and possibly ALA) then waiting 30+ days to rebuy. Using TurboTax, the loss saves me 15%. Does your crystal ball foresee any quick rebound potential for these 3 stocks that would cause me to rethink this strategy? Thanks...Steve

Q: With the recent sell off, have any of the above stocks (contained in either the Income or Balanced Portfolios) reached the stage where you would call them "table-pounding buys"? In other words, has the market overreacted and the pendulum has swung too far?

Obviously, there is always the chance of a continued downdraft, but at some point you just step in top up your holdings.

The Income Portfolio is sitting on 10% cash...any thought to deploying some of it soon? Thanks...Steve

Q: Hi 5i:
I've been struggling with what to do about some questionable decisions I've made over the last year or so and would greatly appreciate your advice.
Since we began handling our family RSPs 2 years ago the overall value has increased 58% (not including contributions) which we're pleased with. But that gain could be much better if not severely weighed down by Corus (4.5 % of portfolio & down 46%); Firan (2.7% of portfolio & down 43%); Freshii (2.3% of portfolio & down 51%); Extendicare (2.4% of portfolio & down 27%) and, more recently Transcontinental (6% of portfolio and down 18%).
I look at these and don't know what to do - hold or sell - and that indecision is creeping into the rest of my decision making to the extent that I'm pretty much doing nothing but letting the whole shebang sit where it is, which I don't think is a good investment strategy.
We have 6 years until conversion to RRIFs.
Could you tell me what you think would be my best next step for each of those listed above. If sensible to sell any or all and put the proceeds somewhere more useful I will, but before I take that step (and that loss) I could sure use objective advice as to whether that's the right thing to do on a case by case basis.
Thanks - your thoughts will be much appreciated. And if your answer requires more than 1 credit that's completely understood.
Peter

Q: Buying range

Q: of all the companies listed, I currently have the same percentage of holding that is in the 5i portfolio. Which of these stocks would you be comfortable buying today and making it a 4-5 % holding as I have some cash and would like to average down. I am a young investor with a long horizon as these stocks are all in my RRSP.

Thanks

Q: Would you prefer this company over WPK or the other way around. Thanks, Bill

Q: I am getting beat up by the above companies --all down 20 to 27%.
I am not comfortable with these kind of losses--usually bail out around 10%
Which proves to be a mistake sometimes.
What is your reccomendation SELLor HOLD and for how long if you are suggesting I hold.
Thanks
Peter

Q: Hi, I see other members are selling stocks for a tax loss. In my case I only have investments in my rsp, so will not be able to use this strategy. How much of the downward momentum on stocks like DOL and TCL can be attributed to selling for a tax loss? The recent negative market reaction to both of these stocks was quick and as you have stated possibly an "over reaction". How much of the drop can be attributed to sellers seeing the chance to take a tax loss. This is a part of the market I don't understand all that well. Thanks.

Q: Good afternoon 5i
Kelly today asked a question regarding Transcontinental. In your answer you said that you would prefer another package because they seem to be having trouble with their acquisition. I was thinking about selling Transcontinental for a tax loss and buying it back in a month. After your answer I was wondering to what extent you had lost confidence in Transcontinental? Would buying it back after 30 days look like a dangerous proposition to you, now?
thanks as always

Q: Transcontinental or CCL.B? At current valuations which stock is more attractive? Would you consider them in the same industry, more or less?

Thanks.