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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: Hammond Power Solutions was featured on BNN yesterday. They seem to have a history of paying a good dividend (4%) and potentially in a position to catch the benefits from the renewable energy wave. Would you invest in this stock, or are there any similar investments that are a better play you'd suggest? I'm considering selling some gold mining stocks in KNT to buy HPS to diversify my portfolio a bit, I won't be drawing from my RRSP for 50+ years.
Read Answer Asked by John on January 11, 2021
Q: Hi there, NOVS

This question is about AppHarvest. They state that their mission is:
"We’re farming for the future.
Our controlled environment facilities help us farm smarter, so we can sustainably grow more healthy, delicious foods on a large scale, all year long." The concept is that they are bringing agriculture indoors, much like The Netherlands have done, to use less water and be able to produce much more on far less land with vastly reduced waste.

A few tidbits from their site:
-Our facilities use 100% recycled rainwater and eliminate harmful agricultural runoff.
-Harnessing sunlight and efficient LEDs allows for increased, sustainable crop growth year-round.
-We grow up to 30x more fruits and vegetables on a single acre compared to open-field agriculture.
- Zero chemical pesticides for cleaner, safer foods

I bought the SPAC that owns this and they just went up a lot having lured the CFO of Impossible foods to be their new President which the markets liked. The company is about to merge with the SPAC and expects its first harvest in Q1. They have a large number of sites either in development, under contract or identified for growth. I see it as being a way for the US to become less reliant on imported produce as they ramp up and it hits the right notes with sustainability, no chemicals and reducing environmental impact.

My question is if you see this is a way to get in at the very start of what could be a big market in which case I would buy more or if you think it's too speculative.
Read Answer Asked by Tim on January 11, 2021
Q: I already have positions in Nuan and Fang stocks. What other small/medium sized AI focused stocks would you suggest I look at for additional AI investments?

Thanks, Tim.
Read Answer Asked by tim on January 11, 2021
Q: Helping my son with his investments which are as follows: MAW 106 24%,MAW 106 20%. VUS 21%, VEF 18%, VEE 8%, ZJG 6% and XQQ 3%.Feeling there is a bit of an overlap with some of these investments eg XQQ and VUS also with MAW 150 and VEF to a degree. Any advice is welcome ,stay as is , reduce holdings or increase some..He prefers ETF's and Mutual Funds (Mawer) and is a bit risk adverse but does realize markets go up and down though and is young( mid 30's ) enough to handle declines. ! Thanks.Paul
Read Answer Asked by Paul on January 11, 2021
Q: Hi, I presently have the above U.S ETF's in a non reg corporate account. Total portfolio weighting is SPY - .45 / DVY - 4.03 / IWD - .84
I am overweight in financials.
What are your thoughts? Minimum of 5 year hold. Thanks so much.
Read Answer Asked by Lorraine on January 11, 2021