Q: In my search for the best option available to hold cash I came across a company called Oaken Financial. They currently offer 1.5% interest in an unrestricted savings account. Do you know this company and would you recommend I use them to hold cash?
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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: I am contemplating moving my cash holdings from my Big Five Bank savings account to EQ Bank, to take advantage of the higher interest rate offered by EQ. Are there any risks in doing so, that I should be aware of? The EQ rate is higher 2% vs 1.2%, but I would not make this switch if there is any increased risk of any kind. Thank you.
Q: I'm looking for an ETF that invests in the EU countries as a whole. Are you familiar with any?
Q: Hi Team 5i!
I am building a portfolio using the Balanced Equity portfolio as the centrepiece of the portfolio and ultimately am looking to hold a 30 Fixed Income/70 Equity mandate with about 70% of the equity mandate allocated to Canada. What products should I use to fill out the Fixed Income and US/International equity positions? Ian
I am building a portfolio using the Balanced Equity portfolio as the centrepiece of the portfolio and ultimately am looking to hold a 30 Fixed Income/70 Equity mandate with about 70% of the equity mandate allocated to Canada. What products should I use to fill out the Fixed Income and US/International equity positions? Ian
Q: Which would be your first choice, if any, to move to a full position from a half(-ish) position at today's prices?
ZCL, XTC, SIS, PHO, GPS, CXI, TOY
Thank you.
ZCL, XTC, SIS, PHO, GPS, CXI, TOY
Thank you.
Q: This is to bring to the attention of those who use TD webroker. The T5008 that was sent by TD to Revenue Canada(RC) reported the full proceed of disposition without subtracting the commission. There are two issues here:
- If you are using the trading summary as an input to your tax program, the net proceed will not match the net proceed that is reported to RC which is particularly important if you have a large number of trade.
- If you are using a tax program with Auto-fill and you don't report the commission as "expenses related to the transaction then you will be paying higher capital gain than you should.
- If you are using the trading summary as an input to your tax program, the net proceed will not match the net proceed that is reported to RC which is particularly important if you have a large number of trade.
- If you are using a tax program with Auto-fill and you don't report the commission as "expenses related to the transaction then you will be paying higher capital gain than you should.
Q: Saw George's question regarding US dividend withholding tax rate, just a reminder, don't forget to complete the W8BEN form and submit to your financial institution, once completed, the form is good for 3 years and need to be renewed before expiry. With the form on file, the US withholding tax is 15%, otherwise, it will be 30%.
Q: What happens to US dividends received in a RRSP? Is the 30% withdrawal tax applied?
Q: I have been a member for a couple of years and you have been my "go to advisers" .
Thanks to you, I have built this non reg account.
In the non registered account I have the following approximate holdings:
5%--FTS;IPL;H;MFC;SU;STN;PWF;BAM.A;
7%--BEP.UN;CTC.A
13%--CCL.B;ENB
I have $40,000 in cash. Retired with a pension and medium term(hopefully) horizon.
Reading your Q&A, I should rebalance CCL.B and ENB to 5-7%
Additional ideas for the rebalanced cash and the remaining $40 thousand.
Many thanks for the usual, calm, balanced, patient answers.
Paul
Thanks to you, I have built this non reg account.
In the non registered account I have the following approximate holdings:
5%--FTS;IPL;H;MFC;SU;STN;PWF;BAM.A;
7%--BEP.UN;CTC.A
13%--CCL.B;ENB
I have $40,000 in cash. Retired with a pension and medium term(hopefully) horizon.
Reading your Q&A, I should rebalance CCL.B and ENB to 5-7%
Additional ideas for the rebalanced cash and the remaining $40 thousand.
Many thanks for the usual, calm, balanced, patient answers.
Paul
Q: Hi 5i,
Following your Q&A for awhile and I have built this as my RRSP.
I have another $20,000 to invest. Looking for two more names (or more for choice). Very long term...kind of a buy and hold person.
Appreciate your advice and direction.
Thanks Paul
Following your Q&A for awhile and I have built this as my RRSP.
I have another $20,000 to invest. Looking for two more names (or more for choice). Very long term...kind of a buy and hold person.
Appreciate your advice and direction.
Thanks Paul
Q: I own the following reits (or similar real estate focused equities) in our non-registered portfolio: ap, ax, car, d, fcr, hr, kmp, nwh, hot, cuf, aar, csh, sru, tcn. Collectively they account for close to 16% of the portfolio's value with most being 1% and only hr and ax being around 3% each. My question relates to a concern being expressed in many recent articles about the sensitivity such products have to rising interest rates. I'm wondering whether or not I should, in your opinion, be reducing my exposure here, and if so, by roughly how much and from which holdings. I am in a positive position in all of them with the exception of d, and overall they have been a very helpful part of our investments! As always, thanks for your valued opinion. Don
Q: In the likes of the Buffets, Jobs, Zuckerbergs and Bezoses, which companies in the Canadian markets have leaders or management teams that could be classified as genius or top calibre capital allocators? Goodman at Knight comes to mind. Also, which younger companies have leaders that you see showing early signs of these traits? I would say Shabazi at TIO Networks fit the bill, but he sold out to PayPal. Looking for your list of the best of best; present and future. Thanks.
Q: Hi 5i,
Through an error(on my part)in transferring a TFSA from an Advisor account to a self directed account, the monies were withdrawn in to a non registered account. I know I need to wait a year to replace the TFSA $ in the self directed. Now that I have the chance, assuming roughly equal amounts, which should go to the TFSA and which should stay in the non registered? I also have about $15,000 cash in each account. After rebalancing, can you suggest two or three more for each account? Long term horizon.
Have a good weekend.
Thanks Paul
Through an error(on my part)in transferring a TFSA from an Advisor account to a self directed account, the monies were withdrawn in to a non registered account. I know I need to wait a year to replace the TFSA $ in the self directed. Now that I have the chance, assuming roughly equal amounts, which should go to the TFSA and which should stay in the non registered? I also have about $15,000 cash in each account. After rebalancing, can you suggest two or three more for each account? Long term horizon.
Have a good weekend.
Thanks Paul
Q: Hi Peter and Team,
When we are adding to a position, how much capital should we commit at a time? If the goal is 5% of the total portfolio for a position, and we are say at 2.5%, would it mean buying the remaining 2.5% at that one time? Or would it mean buying as capital becomes available (i.e. buy 0.5% here and there), until the full 5% is reached.
Thanks.
When we are adding to a position, how much capital should we commit at a time? If the goal is 5% of the total portfolio for a position, and we are say at 2.5%, would it mean buying the remaining 2.5% at that one time? Or would it mean buying as capital becomes available (i.e. buy 0.5% here and there), until the full 5% is reached.
Thanks.
Q: I have 25 stocks from BE/Growth model portfolio, with thanks from 5I of $130,000. I have SIS, GUD PBH, GSY, KIN,BCE, ECN, FSZ, FTS I recently was gifted from my father's portfolio $100,000 in BAM shares. What is the short term outlook for BAM? Should I sell most now and rediversify or wait? I know I will need to do something with this as 50% of my portfolio now in 1 company is a worry. I don't have any ETF's at the moment.
Thanks for all your advice
Thanks for all your advice
Q: Hi team
I have diageo, it sells nice spirits (high end alchohl)
It has gone up 15% for me and pays a small dividend (it is income as it is a US stock); should I buy some more, sell or hold ?
thanks
Michael
I have diageo, it sells nice spirits (high end alchohl)
It has gone up 15% for me and pays a small dividend (it is income as it is a US stock); should I buy some more, sell or hold ?
thanks
Michael
Q: Here is a link to an article that may interest you. I wonder if you had any influence?
https://www.thestar.com/news/gta/2017/03/23/ontario-launches-plan-to-teach-high-school-kids-financial-skills.html?source=newsletter&_ctids=2444%7cQverpg%2fSebz+Rznvy%7c945%7c39651%7c35640&_ctdigest=f4%2bhGGX2wWVAzZB50jTd6w
https://www.thestar.com/news/gta/2017/03/23/ontario-launches-plan-to-teach-high-school-kids-financial-skills.html?source=newsletter&_ctids=2444%7cQverpg%2fSebz+Rznvy%7c945%7c39651%7c35640&_ctdigest=f4%2bhGGX2wWVAzZB50jTd6w
Q: Please name which stocks out of Balanced Equity Portfolio deserve a place in taxable Investment account. Thanks for your service.
Q: Hi,
I'm a 35 year old balanced/growth investor and looking to add some fixed income to my portfolio. I have mostly dividend and growth stocks in our portfolios and looking to balance our asset allocation. Currently I manage my margin, RSP and TFSA as well as my wife's.
In my margin, I'm holding some good dividend names, for the div tax credit - FTS, BCE, ENB, CU, TRP, AQN, ALA, EIF, CGX, ENF, ECI, WSP, SPB, PWF, AW/un.TO, SLF, ZDV, VDY, XEI. I contribute weekly to my margin and have been regularly adding to ZDV, VDY, and XEI (questrade allows free ETF purchases which is nice). Do you think holding ZDV, VDY, and XEI is necessary or should I consolidate them? The MER's and sector weights are slightly different in each ETF. These ETFs are my biggest holdings in my margin and I know holding ETF's come with a MER cost, so I have added some of those other mentioned individual names. Is this too much overlap and should I be adding to more growth names vs dividend names?
Between both of our TFSA's, we have many growth names that you always mention - CRH, TOY, ITC, KXS, SHOP, SIS, GUD, CCL.B etc, which I think is setup fine.
In our RSPs, we have more balanced steady growth names such as VEE, ZLH, ZRE, ZWU, ZLB, VGH, VRE, ZWH, XEF, ZUH, ZWA, VUS, VGH, ATD.B, MTY, CXI, PPL, AD, GIB.A, FRU, L, BIP.UN, BPY.UN, NFI, BEP.UN, BAM.A, FIH.U, SJ, T. Do you think there is too much overlap here holding the ETF's and its better to sell some and buy individual names? Also if adding some fixed income ETF's, which names above would you swap out and add for a 15-20 year hold for safety, income and some growth (which I would like to add to my RSP for tax efficiency)?
Thanks!
I'm a 35 year old balanced/growth investor and looking to add some fixed income to my portfolio. I have mostly dividend and growth stocks in our portfolios and looking to balance our asset allocation. Currently I manage my margin, RSP and TFSA as well as my wife's.
In my margin, I'm holding some good dividend names, for the div tax credit - FTS, BCE, ENB, CU, TRP, AQN, ALA, EIF, CGX, ENF, ECI, WSP, SPB, PWF, AW/un.TO, SLF, ZDV, VDY, XEI. I contribute weekly to my margin and have been regularly adding to ZDV, VDY, and XEI (questrade allows free ETF purchases which is nice). Do you think holding ZDV, VDY, and XEI is necessary or should I consolidate them? The MER's and sector weights are slightly different in each ETF. These ETFs are my biggest holdings in my margin and I know holding ETF's come with a MER cost, so I have added some of those other mentioned individual names. Is this too much overlap and should I be adding to more growth names vs dividend names?
Between both of our TFSA's, we have many growth names that you always mention - CRH, TOY, ITC, KXS, SHOP, SIS, GUD, CCL.B etc, which I think is setup fine.
In our RSPs, we have more balanced steady growth names such as VEE, ZLH, ZRE, ZWU, ZLB, VGH, VRE, ZWH, XEF, ZUH, ZWA, VUS, VGH, ATD.B, MTY, CXI, PPL, AD, GIB.A, FRU, L, BIP.UN, BPY.UN, NFI, BEP.UN, BAM.A, FIH.U, SJ, T. Do you think there is too much overlap here holding the ETF's and its better to sell some and buy individual names? Also if adding some fixed income ETF's, which names above would you swap out and add for a 15-20 year hold for safety, income and some growth (which I would like to add to my RSP for tax efficiency)?
Thanks!
Q: Can you please explain he correlation between bonds, stocks, reits and gold?
id like 30% of my portfolio to move differently than the markets in case of market correction but dont want it all in bond funds due to rising interest rates. how would something like this look over the long term or do you have a better suggestion?
10% bond fund
10% REITs
10% Gold half xgd, half bullion
70% equities (CND, US and ITL)
id like 30% of my portfolio to move differently than the markets in case of market correction but dont want it all in bond funds due to rising interest rates. how would something like this look over the long term or do you have a better suggestion?
10% bond fund
10% REITs
10% Gold half xgd, half bullion
70% equities (CND, US and ITL)