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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: Context: We're retired and conservative, increasingly risk averse actually. Our portfolio throws off enough for our lifestyle, which comprises 50% GIC's/cash 50%, 15% preferred resets and 35% equities. Our equities are made up of 70% individual stocks (dividend and income) and 30% etf's (SPX and XSP). Though our equity % is much lower than most financial advisors recommend, it's enough for us.
Question 1: You are inclined to some individual stock holdings for a portfolio of our size. Yet, I'm mulling replacing our individual stocks with one or two etf's or funds to more easily get better diversification (mostly because we're presently twice your recommended financial weighting) and also because I'll sleep better if not dependent on ups and downs of our individual stock holdings. Your generic thoughts on the foregoing please?
Question 2: If one were to make this shift, would your generic thoughts be to more SPX and XSP or would you be inclined to another one or two etf's (or funds)?
Thank you!
Read Answer Asked by Bill on August 01, 2019
Q: I've currently found my portfolio out of balance. Can you recommend companies in the Banking/Financial Sector and Consumer Staples that you can recommend?
Thanks
Read Answer Asked by Michael on August 01, 2019
Q: I am in receipt of a Dutch Auction offer from Encanna with a price range of $4.70-$5.40 USD.
I hold the shares in CDN dollars in my Investorline Account.
1. why would they offer me USD?
2. why do companies do Dutch Auctions?
3. do I incur any risk if I do not respond to the offer?
Read Answer Asked by Paul on August 01, 2019
Q: Which 5 Canadian dividend payers have best rewarded investors in the past and in your opinion will continue to do so in the next 5 y ears.
Read Answer Asked by Lawrence on August 01, 2019
Q: Your answer today to Roy puzzles me. You seem to indicate that if you have a portfolio generally skewed to income that you could be unduly hurt in a rising rate/rising inflation enviroment. Well isn't buying dividend paying stocks also your protection in that case? Would not all stocks suffer in a rising rate scenario and knowing that in most cases these companies will continue to "pay you while you wait" that you can ride through the storm? If your income keeps coming, isn't the SP unimportant, at least until the market comes back? What am I missing here?
Read Answer Asked by Barry on August 01, 2019