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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: Would you buy Coinbase on the Nasdaq when it starts trading on Wednesday?
Seems like it may be a better way to play crypto currencies without actually buying them.
Read Answer Asked by Paul on April 14, 2021
Q: hi there - recognising you are not tax experts i will ask anyways so if members can point me in the right direction. I received a 1099 form from CIBC but it doesn't specifiy which securities it covers. I am trying to confirm if these dividends are also covered on the T3 or is this separate?
Read Answer Asked by kelly on April 13, 2021
Q: Considering the new partnership/investment/bailout with the Government of Canada, How do you see this playing out ?
- I noticed Air Canada stock held up fairly well, considering the Government did the deal at a discount to current stock price.
- It looks like some smart advisers/consultants did the deal, however I am surprised that the stock did not drop more today...
- How the market interprets things these days is a bit confusing to me...
Good thing Vegas is opening up more..., because I want to bet Red on the Roulette wheel as a potential proxy for Air Canada at this point...
Read Answer Asked by michael on April 13, 2021
Q: Hello 5i,
As I approach 70 years of age I am trying to prepare for my impending RRSP - RRIF conversion. One move I am considering is to move VIG over a period of years from my RRSP to my TFSA. The rationale is that it is a relatively low dividend stock but the capital appreciation is huge - I am currently up about 76% - and this means the increase in VIG value affects my minimum withdrawal required each year while contributing relatively little in the way of dividend income to cover the mandated minimum withdrawals.
One note - for the past several years we have been taking our TFSA contributions from our RRSP's but seem to always end up with a tax refund anyway, so we are not so concerned with the tax issue on that front.
So, to the question (finally): do you see any problems at all in such a move for VIG or any other U.S. ETF or Global ETF? The withholding tax on U.S. holdings in the TFSA is not an issue. Any other comments or suggestions?
Many thanks!!
Cheers,
Mike
Read Answer Asked by Mike on April 13, 2021
Q: Hi Everyone at 5i! Coinbase is apparently launching its IPO on the Nasdaq. Any thoughts on it? Would it be available to the retail investor? Cheers, Tamara
Read Answer Asked by Tamara on April 13, 2021
Q: I read the questions and sometimes I get the impression you view volatile stocks as risky. For example, TSU could be at $17.00 and three days later it is $24.00 and the next day it is $16.00. This happens with other stocks as well. Is this as a result of people dumping when these stocks go up a few dollars in a few days or is it computerized selling. What is your opinion on why this type of volatility happens with some stocks. I have read that this DMYD is going to act like that but produce big gains. Thank you. I await your good information.
Read Answer Asked by Dennis on April 13, 2021
Q: with goeasys announced deal today which is accretive immediately when it closes in the 2nd quarter, upsizing of its fund raise, announcement of 1st quarter prelim results which were strong,, plus huge increase in gsy size i thought the stock would open about 135, instead its down a buck as of this writing which is nothing in the grand scheme of things, just curious as to why-is it because of stock dilution.dave
Read Answer Asked by david on April 13, 2021