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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: Hello,
I have been slowing adding stocks from the model and income portfolios over the last 3 months. I currently own G,DHX,BAD,SGY,ESL,SLF,DSG & SJ. All with 5K original investments. I now have another 15K to invest. Should I buy more shares of the stocks that are down that I currently own (BAD&SJ) or add new positions? If new what stocks would fit best?
Many thanks
Luke
Read Answer Asked by luke on July 31, 2014
Q: Hi Peter,
Our portfolio is comprised of five accounts. Within the portfolio we have 12.2% in finance plus another 8% in REITS. The strictly finance stocks & percentages are:

MKP 3,5% (in TFSA & RIF)
BNS 3.1% (in Inv acct)
GS 2.4% (in Inv acct)
TD 1.6% (in Inv acct)
EFN 1.6% (in Inv acct)

Question: MKP is probably a bit weaker company than the others. Would it be reasonable to switch it for SLF, and would SLF provide a similar overall return to MKP over 3 – 5 years? Or do you have a different suggestion as a MKP replacement? Or would it be reasonable to keep MKP, which has provided a great distribution and a small CG.

The REIT holdings are:

HR 3.2% (in TFSA & RIF)
MRG 1.9% (in RIF)
REF 1.6% (in Inv acct) (CG of 125%)
AP 1.3% (in Inv acct) (CG of 150%)

Question: Would you make any change to the REIT holdings in the TFSA and/or RIF?
If the overall finance holdings are a bit high, perhaps the sale of a TFSA/RIF REIT would be appropriate to make room for a material stock. The only portfolio holdings in materials are MCR and G.

Many thanks. Bob
Read Answer Asked by Robert on June 17, 2014
Q: I was stunned to see that Sun Life tops a list of Corporate Canada's mountains of cash - a recent Globe and Mail piece - with $6 bb. Could you speculate what they might do with it? Hopefully not purchase a US mutual fund like Great West did with Putnam! On the subject of lifeco's I stumbled across an ad for a class action lawsuit with Manulife, the stock that was touted to be as safe as houses. If you purchased shares between 2004 and 2009 - which I did - you should register here http://www.classaction.ca. It's free to join.
Read Answer Asked by Jeff on June 03, 2014
Q: Greeting Peter & Co.
While I am currently a little nervous about the stock market I don't want to miss buying opportunities for quality stocks. I am considering adding to my very small position in Sun Life Financial, my only financial holding. Also, I am considering increasing my exposure to Canadian financials by initiating a new position in TD Bank.
I would appreciate you thoughts on these two potential purchases.
With appreciation,
Ed
Read Answer Asked by Ed on April 14, 2014
Q: Hello Peter and Staff
Should I be concerned re SLF. Since purchase, based mostly on recommendation here, plus some personal research, on Feb. 28 it has been steadily down - almost 5% - in less than 4 wks. Is there something new in the interim. Should I hang on hoping to make up that 5% and perhaps make a little more over the balance of the year. Thanks very much
Read Answer Asked by Phyllis on March 16, 2014
Q: Hi, all.
I look after the finances for my father, who is 76. He lives simply in a mortgage-free home and his monthly pension more than covers his expenses. He has some cash ($40K) and a GIC ($5K)and I have maxed out his TFSA, which contains CDZ, XEG, SPB, and BNS. That's it for his investments. I would like to add to his TFSA and, based on some of your answers, was thinking Sunlife and/or Boyd.
I would appreciate your thoughts.
Thank you
Read Answer Asked by Robert on January 09, 2014
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