Investment Q&A

Q: For many years I have had full positions in each of BEP.UN, BIP.UN, and BAM.A, and have done very well with them. For purposes of portfolio weighting, I have always treated them each as separate entities in their respective sectors ie. Utiilities, Infrastructure, and Financial Services. I am getting ready to retire and have started looking at the relative safety of my portfolio more critically. Given that these 3 are all actually part of the same parent company (BAM.A), should I be worried about being invested too heavily in one company, or is it fair to keep treating them as separate moving parts? I would greatly appreciate your thoughts.

Q: Why are the price and yield different btw bipc.ca and bip.un:ca? Which one will be better for RRIF and TFSA account? Thanks

Alec

Q: Based on your reply to Paul on May 9th...."We think buying over a year will end up looking pretty good in two or three years". Of the following Companies that make up my portfolio what would be your TOP 3 conviction names to ADD to over the next year based on long term growth potential, good valuation, well run, good management, no brainer this will be a good investment type choice. There is opportunity here so don't want to miss the boat. Yes everything is down. Yes people are panicking. But it will go back up and simply want to focus my energy on the ones with more conviction. I don't need the money for the next 15-20 yrs but don't want to be a moron either and be happy with a bit of dividend here and there when I could see larger returns by making a good decision today. Thanks again.

Q: Thinking of initiating a position in BIP.UN after trimming some enbridge . It will yield less but other than that it will further diversify things. Your thoughts please on transaction and entry point price ?

Q: In my RRSP I am 7% over weight in the Energy sector and 1.17& under weight in Utilities.

Thinking of selling some of my ENB and split it between BIP.UN and FTS., to get my energy sector reduced and utilities increased.

Your comments are always welcome.

Thank you

Mike

Q: What are your opinions on BIPC and BIP.UN?

I hold these in registered accounts and now they account for ~9% of my total portfolio and when I consider the fact I hold BAM.A these Brookefield names would represent ~12 % of my portfolio. As a result I am tempted to trim BIPC or BIP.UN.

If I were to trim do you have any preference/recommendation to trim one over the other or both equally?

Q: I'm looking for another lo-volatity dividend payer with some growth to hold for the long term. I own BEPC (3%) and its done very well. Should I add to it or add FTS, BIP, or do you have a better choice for me?

Q: I have positions in the above companies that have grown fairly large and i am looking to trim. I was wondering which of the above stocks has the best outlook over the next 2 to 3 years . If you were going to trim which one of the companies would you trim or would you trim both an equal amount

Q: I am a retired investor and rely upon the dividends in my RRIF for income. I have owned FSZ for many years and while it pays a nice dividend (8%) it has not grown, in fact its down since I purchased it. I want to replace it.

The listed stocks pay dividends ranging from 3.9% to 5.1%. My question is which of the stocks would make a good replacement with the dividend and growth profile that will exceed the dividend of FSZ. Please list with the best first and also indicate if the risk is higher or lower than FSZ.

I have been a member for a few years now and would like to congratulate you on your service and unbiased answers. It definitely has been financially rewarding for me.

Wayne

Q: Can you please tell me how much BAM owns of BIP and
BEP? I hold BAM in my unregistered accounts with the smaller dividend and BEP and BIP in my registered accounts, with the larger dividends. Am I better to focus on BAM only with the huge diversification, or should I also keep invested in BEP and BIP - not sure what to do. Finally, if I hold BAM:US, do I still get the Canadian dividend tax credit or do I need to hold BAM.A:CAN?

Q: 2 Questions related to Canadian stocks paying dividends in USD:
(1) I want more US cash and plan to have Questrade journal over the above CA stocks to the US equivalent in a TFSA. Is there any special considerations here when doing this? Best to do this on a day when the Canadian dollar is stronger?
(2) In a margin account, Questrade journaled over AQN:CA to AQN:US on February 3/22. I have held AQN:CA for more than 1 year and sold all of AQN:US today at a small loss. Will CRA see the later loss as a superficial loss, because the US listed stock was held for less than 30 days? Thanks!

Q: I would like more USD for travelling to the US. I hold all of the above stocks at Questrade, in both registered and unregistered accts. I asked Questrade to please pay the dividend directly in USD (as paid by the companies), but they said "We would have to journal your positions over to the USD equivalent in order to receive the dividends in USD." Should I journal over the CAN shares to the US equivalent; eg AQN.TO to AQN.US? It would involve a very large amount of money, could I expect a better USD exchange rate with greater volume or would they simply use the day's spot rate?

Q: in my non taxable accounts I have:
U.S. Side
AUDC 5%
NUE 8%
QCOM 23%
ROK 18%
CRM 8%
PHYS 6%
VCR 27%
Canadian Side:
CSU.db 33%
BIP.un 22%
BEP.un 8%
BEPC 2%
KL 28%
My question is, for this account what or how would you change the securities held to be better positioned going forward? Thank you for your assistance.

Q: Can I have your thoughts about these stocks and ETF’s for someone with a 3 to 5 year timeframe and who is in their mid 30’s?

Thanks

Q: Hi,

What are your thoughts about my current portfolio? I am also looking at adding ZRE.TO and ZWC.TO.

Appreciate your help.

Q: What is the difference between BEP and BIP? Aren't they both in utilities sector? Why does BAM feel the need to have 2 subsidiaries which focus on the same sector? Would one's portfolio need exposure to both?

If one is to hold only one infrastructure/utilities company in one's portfolio, which company would you recommend? BEP vs BIP vs any other suggestion that you think might be worthwhile? If it helps the answer, my risk tolerance is high and time line is 3-5 years.

Thank you for your guidance.

Q: A year ago both BIPC and BEPC traded at a 25-30% premium to BIP.UN and BEP.UN respectively.  Today BIPC still trades at a considerable premium to BIP.UN whereas the BEPC to BEP.UN premium is now less than 2%.  Why is that?
Also if you were to establish a Brookfield Renewable Partners position today in a registered account, would you go with BEPC anticipating that a premium may return?  Other than a nominally higher dividend, is there any other advantage of going with BEP.UN instead of BEPC in a registered account?
Thanks...Glenn 

Q: I am looking to add to the utilities sector. I currently have FTS BIP.UN and AQN. Not really excited about AQN for the last year. I would like to add to my utility stock basket and looking for recs. Also might drop AQN. My horizon is 7-10 yrs.

Q: Where would a good entry point be for this stock? $74.50?

Q: I'm replacing ZWU and ZWC since I would prefer to hold stocks at this point. What 5+ stocks would you recommend to replace ZWU and ZWC each. Thank you.