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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: I have a question not related to the market or individual stocks. Thank you for providing a calming to all of us during these crazy times.
I am 65 years old and retired. I don't require funds from my investments as my pension covers living expenses. I am trying to reduce my RRSP account by withdrawing funds and putting that to my TFSA. I pay the tax. If I open a RIF and transfer a sum from RRSP, I can then SPLIT that income if I withdraw the amount to transfer to our TFSAs. My question is: Am I obligated to withdraw a minimum amount each year or not until age 71?
I could just ask my accountant, but thought maybe some other members would be interested in possible tax savings.
Thanks again for the great service you provide.
Read Answer Asked by Rudy on April 23, 2020
Q: Hello,
Back in December you mentioned Kinross was not your favourite in its sector.
What is your favourite in the sector?
Minimum 5 year hold.
Looking to add to my TFSA or RRSP.
Read Answer Asked by Lorraine on April 23, 2020
Q: My small holding in MSG has performed much better than I'd expected considering the recent challenges. With the stock now reorganized into shares representing "sports" or "entertainment", I'm wondering which
of these issues you'd view as more appealing if I wish to expand my interest? Thank you.
Read Answer Asked by Howard on April 23, 2020
Q: I have held GWO as a reliable dividend stock for several decades and it has never cut its divvy and on several occasions has raised it. At a yield of over 8% is it signalling trouble ahead? How bad and for what reasons would the dividend be cut? 8% is very tempting but lessons learned in the past have taught me that chasing yield is never a good idea. Thanks Ron
Read Answer Asked by Ronald on April 23, 2020
Q: Is there any Etf for groceries industry in Canada or USA that you would recommend. If none do you recommend any stocks in Canada.

Thanks for the great service
Read Answer Asked by Hector on April 23, 2020
Q: Hi Team
If you had 180,000 to invest in ETF’s right now
What would they be?
Great job team
Thanks Mike B
Read Answer Asked by Mike on April 23, 2020
Q: It is a core holding in my portfolio. It's not behaving well lately. Does it have a disproportionate representation of risk assets of today like real estate or hotels to cause such a significant downturn? What is causing the drop?
Read Answer Asked by Ford on April 23, 2020
Q: 1)QST.Please comment announcement after close that it reduced staff to only essential ones & expect to cut fixed costs by 20% year over year 2)SYZ. Nice to hear of the $3.5m cash acquisition. CIBC has a tech.target price of $10.90-11.40.Please comment. 3)STC.After close,stated a newest cloud services:video meeting. Please comment on its impact
Read Answer Asked by Peter on April 23, 2020
Q: My timing in purchasing was terrible, and now I am just watching my investment lose value every day. Should one expect a timely turnaround here ? I fear Tyson’s mega chicken plant in Sioux City will have the same issues as the Waterloo pork facility ... I feel like I am waiting for more bad news to murder my investment ,.. please advise .
Read Answer Asked by Thomas on April 23, 2020
Q: HI Team
I see that Auspice has warned investors about buying this unit, since it winds up may 22 and it is trading way above it's net asset value, trading about $5 and net asset value about $ 2.50, would not shorting the stock at this price be a good move. I understand it is a gamble, but as long as oil dosn't move up in a big way, it's a "sure bet"
Thanks
Read Answer Asked by auftar on April 22, 2020
Q: Hello 5i,

I have about 30k in some terrible mutual funds (don’t ask) but would like to keep it simple and put this into one ETF without concern to sectors or risk. I know they are very new but are you able to comment on DXN or DXW? I’m also looking as DXG and DXF. And an advisor recommended moving some money into DYN800 – is there any good reason for an investor to put money into this fund? Please take as many credits as you see fit.

Thanks for this great service.
John
Read Answer Asked by John on April 22, 2020
Q: Whenever we recover from the current Covid-19 crisis, and business starts to return to some semblance of normal, how much growth do you see in
- New Store Openings for CTC's various retail franchises?
- In growing the membership in Triangle credit cards?
- In growth in sales through e-Commerce?
Collectively, does the growth potential post-Covid 19 look sizeable, or do you see CTC as pretty much a low-growth business?
Thank you.
Edward
Read Answer Asked by Edward on April 22, 2020