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BCE Inc. (BCE)
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TELUS Corporation (T)
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Gildan Activewear Inc. (GIL)
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CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
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First Capital Realty Inc. (FCR)
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Cineplex Inc. (CGX)
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Stella-Jones Inc. (SJ)
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Magna International Inc. (MG)
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iShares S&P/TSX Capped Materials Index ETF (XMA)
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Sleep Country Canada Holdings Inc. (ZZZ)
Q: Hi Peter and Team,
For this year's RRIF payment, I need to sell approximately 14K of stocks as I've been almost fully invested over the last year, in large measure due to 5i's superb recommendations. The stocks listed above are in sectors where I am overweight. I have several questions, so please deduct credits as you see fit:
(1) If I sold CGX outright, I'd obtain roughly 14K and would reduce my total number of holdings and lower my overweight consumer discretionary stocks. Even though CGX has fallen from its lofty heights, I'm still up, especially when factoring in the accumulated dividends. Also, there would be only one sell transaction. Are you OK with this plan?
(2) Are there any others in the list that could/should be an outright sell?
(3) Or, would a better plan be to reduce holdings in each stock by taking profits?
Of course, this would mean more sell transaction fees.
As always, I defer to your recommendations, and have been rewarded for doing so. Thanks in advance.
For this year's RRIF payment, I need to sell approximately 14K of stocks as I've been almost fully invested over the last year, in large measure due to 5i's superb recommendations. The stocks listed above are in sectors where I am overweight. I have several questions, so please deduct credits as you see fit:
(1) If I sold CGX outright, I'd obtain roughly 14K and would reduce my total number of holdings and lower my overweight consumer discretionary stocks. Even though CGX has fallen from its lofty heights, I'm still up, especially when factoring in the accumulated dividends. Also, there would be only one sell transaction. Are you OK with this plan?
(2) Are there any others in the list that could/should be an outright sell?
(3) Or, would a better plan be to reduce holdings in each stock by taking profits?
Of course, this would mean more sell transaction fees.
As always, I defer to your recommendations, and have been rewarded for doing so. Thanks in advance.