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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: Dear 5i,
I have a question about MAGT and IPO's in general.
I am have no experience participating in an IPO so I had a few questions.
Can the IPO price vary after one commits to purchasing a set number of shares?
Is the broker commission embedded within the stock price?
When do the shares typically start trading on the normal market?
In the case of MAGT it looks like the IPO shares started trading on the open market
within a day. For small investors do you recommend waiting and purchasing on the open market? Thanks
Read Answer Asked by Ian on April 29, 2021
Q: Any reason why the renewable stocks are so weak in 2021?
For example, BEP.UN dropped almost 14% since 1/01/2021, and most other renewable stocks are similarly depressed YTD. I know this sector was up substantially in 2020. What changed? Market sentiments, or due to some more tangible reasons? Thanks.
Read Answer Asked by Victor on April 29, 2021
Q: What do you think of this twenty stock dividend portfolio for a taxable account? I am focusing on high quality and it yields about 3.8% . Any changes you would make?
Read Answer Asked by Stefan on April 29, 2021
Q: As the Canadian dollar strengthens I am curious about the advantages of journaling some of my Canadian stocks to the US side of my account. As an example, there is an obvious benefit to convert CAD cash to USD cash when CAD is at .85 USD vs. when CAD is at .70 USD BUT Is there any benefit to journal say 1000 shares of BNS from Canada to US when the dollar is at .85 vs. when the dollar is at .70?
Read Answer Asked by Robert on April 29, 2021
Q: "President Biden's plan is expected to call for a 39.6% top tax rate on long-term capital gains, up from the current 20%. The tax would apply to returns on assets held more than a year and to taxpayers with more than $1 million in income." If this proposal becomes reality, do you expect an impact on stock markets?
Read Answer Asked by Dennis on April 29, 2021
Q: MAGT: 5i produced an interesting article on the company. It appears you feel it could well be a good one. You indicated it is doing an IPO but gave no date for it. The article was published yesterday, April 27 and MAGT went public today, April 28. Why didn't the article include the IPO date? I'm sure many would have followed it this morning if we had known it was trading. Also, MAGT isn't recognized within the 5i system as a valid stock symbol. In future it would be useful to include IPO date, if known, in any article about a new company and also have the 5i system recognize the symbol from the get-go. Now that MAGT is trading, has it reacted as you thought it would?
Read Answer Asked on April 29, 2021
Q: I raised a little cash in my U.S. account after enjoying a 12%+ gain since the start of the year. Looking to take advantage of some opportunities over the summer months. Can you list 5 U.S. stocks to watch that I should consider if they pull back over the summer? I currently own BMY, ABBV, AMZN, NVDA and COST.

Thank you,
Jason
Read Answer Asked by Jason on April 29, 2021