Investment Q&A

Q: Rick Reider is managing BRTR a new income etf. Does it pay a dividend or does it operate as a total return instrument? Are there any income etf's trading in the US that instead of paying a dividend provide capital gains instead similar in result to the corporate class structure from Horizons? Lastly does Horizons have any US dollar income etf with a corporate class structure and if so would you recommend it? Thank you.

Q: Hello 5i
Some time ago you were positive on Lending Club. What caused you to sour on it and with interest rates about to drop does that change your view?
Thank you
Dave

Q: May I please have your opinion of Viatris?
With appreciation,
Ed

Q: Since long duration bonds have more sensitivity to interest rate movements and interest rates are expected to decline next year does it make more sense to invest in a long term bond ETF? And since I expect interest rates to fall further in Canada does it make more sense to go with a Canadian ETF? Which ones would you recommend?

Q: Hi Folks. To keep bookkeeping simple, I like to keep all my equity holdings in CDN funds. But I now want to pick up some MSFT. I have never bousght CDRs ... is there anything I should know. Would a CDN CDR track exactly the price of MSFT.US ? Thanks.

Q: What is your best recommendation for a US dollar and traded bond etf that holds short term bonds of around 2 year duration that can be held for 12 to 24 months that would benefit from a thesis that interest rates will fall during the next 12 to 18 months. I have never held bonds, have US cash and would like to on a lower risk basis park current money market funds into a bond etf that preferably does not pay dividends but can appreciate capital based on a combination of shorter term bonds gradually coming due and interest rates falling. Thank you for providing some direction and suggestions since I feel rather lost in this area of investing.

Q: Hello:
I own some snipp and I want to sell it to claim the loss, but trading is halted. Please tell me what you know.
Thanks,
BEN.

Q: What is your take on the merger.

Q: Year end soon, so time for some predictions. Wondering what you would guess the Bank Of Canada benchmark interest rate will look like in, say, 3 years, currently at 5.0% Over the next 3 years, what level of performance do you expect from the TSX Venture Index and the TSX Composite Index - a lot of people are saying that small caps are due for some outperformance after many years of underperforming. Understood that this is just educated guesswork.

Q: The adjusted net earnings attributable to shareholders of the Corporation went from $2.19 to $2.03 (down) for the year. Net Indebtedness ratio recovered to 2.06X from 2.47X for the year. Your views after the recent quarter. Does your analysis see any further recovery in the business or indicate selling the stock at this price? Do you thing of taking advantage of this price by getting out of it?
Thanks

Q: BRE had what looks like a positive announcement today - market reaction is mixed - this is a small company; no dividend growth buy high yield over many years. I have a small allocation in my portfolio just to give my overall yield a bit of a boost. Do you like the deal announced today? Is it a ‘safer’ company ad a result of this deal?

Q: To what extent is the comparatively higher sell off in Canadian oil & gas producers attributed to Guilbault's promise to cap our Canadian production as a green initiative. How serious is this recent Trudeau government threat coming out of COP28 in Dubai? I hold TOU and CNQ but it is an energy general question.

Q: Which of these fixed income holdings is best suited as the 25% fixed income in a retirement portfolio? Alternatively, is a 30/30/40 mix (for a portfolio total of 25%) better? Thanks!

Q: What is the reason for the big drop today?

Q: Hi,
I am looking for your opinion on this stock and ETF. The stock is listed as the 11th holding in the ETF for regional banks, KRE. It caught my attention as it seems to be breaking out of a long term base. Also is JNK a good ETF, and if not what alternatives would you suggest that pay a decent dividend. Would I be right is thinking JNK will be negatively affected if interest rates begin to drop? Deduct credits as you feel appropriate. Thanks - your advice and insight is always appreciated!
Dawn

Q: AC,BTE,BCE,BIR,CJ,CP,CVE,CPG,EIF,FRU,GEI,NVEI,OLA,PD,
US STOCKS DIS,FOXF,INMD,ICLN,OPRA,PDF.
Please also advise if any of these don't need to sell.(TAX REASON)
Highly appreciate your opinion.

Q: So a lot of people think that interest rates have peaked and are set to go down, thus the market reacts positively. I believe that interest rates have peaked BUT will remain higher for longer. I anticipate that the market will initially react negatively to this but eventually will settle down to the new reality and continue to react to such metrics as earnings growth etc..
Recognizing that no one really knows the future, what would be the likely scenario ( short and long term ) for each of the sector ETF’s I am invested in : Canadian banks , American tech, American healthcare, Canadian large cap industrials/ utilities. Thanks. Derek.

Q: Can I have your views on the latest quarter. The market seems to like the results. Tnx

Q: I have held J for some time and am up some 36% in a registered account. I note its price has started to slip compared to other industrials I hold (WSP and TFII). In your view, is this temporary? Or should I consider replacing it with another US industrial with faster growth? If the latter, what would you suggest as replacements and why? Thank you.

Q: Hi,

Here are my current sector allocations with target sector allocation in brackets and holdings. For a growth focused long term investor, does this make sense to you? We have around 45 holdings with a few ETF's (VEE, XEF) for international exposure and 100% equities.

I've noticed in your growth portfolio, your main sectors are financials, industrials, tech and cons. disc, with the other sectors at relatively low weights and I've tried to match our allocation with that. For an individual DIY investor, how often should one be looking at their sector allocation and rotating sectors? For example, looking at economic contraction and expansion cycles, are there certain times when we should be over or underweight sectors?

Currently, what part of the cycle are we in and with the FED indicating rate cutes in 2024, should I be trimming and adding in certain sectors? I find it too hard to perfectly time sector outperformance so ideally I just want to buy great businesses that will perform well throughout any cycle and I feel that the companies that I own will do very well over time. Do you agree? I'm not looking to make dramatic shifts in sector allocation, but maybe some small adjustments. For example, trim some tech and add to materials/energy. However, when I think about trimming quality companies like CSU/LMN/SHOP, etc.. and adding to more energy/materials, sectors that are highly cyclical and not in control of their own destiny (dependent on commodity prices), I get hesitant. Can I get your general thoughts on sector allocation and sector rebalancing. Thank you!


Technology 24.47% (22) SHOP, KXS, CSU, NVEI, CRWD, TOI, NVDA, LMN, INTU
Financials 22.61% (18) SLF, V, MA, JPM, GSY, TD, TSU, BN
Consumer cyclical 16.02% (18) ATZ, MGA, BYD, SBUX, BKNG, CROX, DOO
Industrials 14.13% (20) WSP, ATS, TFII, GDI, HPS.A, HEI, CPRT, AXON, TVK
Consumer staples 6.34% (5) PBH, COST, DOL, ATD
Energy 4.90% (5) TOU, WCP, TVE, ENB
Communications 4.16% (5) GOOGL
Cash 2.10% (2)
Health care 1.91% (5) WELL
Materials 0.71% (5) LUN
Utilities 0.37% (0) BEP