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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: Greetings Peter and team,

We had set up the Knowledge First Financial's group RESP program for my daughter and contributed for 2 years. Then opened another account with CIBC and contributing regularly. Recently, we have received a mail from KFF asking us to vote on changes to the plan. Following is the link

https://knowledgefirstfinancial.ca/subscribervote/documents/family/2019-04-15-cover-letter-family-group.aspx

Do you see any issues with the proposed changes and or about the plan and company? My daughter is 12 now, is it ok to keep the money there for the rest of the time or should we transfer it to CIBC account? Please advise.

Thank you in advance
Read Answer Asked by Atchuta on May 28, 2019
Q: Hi team,
Canacol has been paying down debt, has also executed well on the completion of its pipeline scheduled for late June/19,and according to analyst will be earning 74cents a share in 2020.would this be a good time to purchase stocks ,do you see it as being undervalues and would 7.00$ a share in 18 months be a reasonable target price?
many thanks,
Jean
Read Answer Asked by Jean on May 28, 2019
Q: My wife only wants to invest in environmentally friendly companies ( eg renewable energy sector etc). I have bought for her QST. I would like to put her in solid larger companies that pay a dividend. Could you recommend your top 5 picks?
Read Answer Asked by Murray on May 28, 2019
Q: What is your favorite health care pick for a growth / aggressive growth investor with at least a $1 billion market cap? Perhaps you can list 2 and rank them in order of preference. I'm indifferent as to whether the company is Canadian or U.S., just looking for your favorite growth picks.
Read Answer Asked by Christopher on May 28, 2019
Q: Hi team,
I saw the comment earlier from Rick on TD not offering Norbert’s Gambit option for RRIFs. I am not at the RRIF stage yet but moving closer. I have used Norbert’s Gambit many times for my RRSP, TFSA and Cash accounts at TD. Without this option, I think the FX conversion charge, if I recall past conversations with TD, is a minimum 1.5% for larger amounts, ranging up to 2% or more for smaller amounts. If Norbert’s Gambit is not available at TD once I get to the RRIF stage, I will look at moving my account(s) as well. In a RRIF, I will likely be using Norbert’s Gambit more to move funds back to Canada from the U.S. for the minimum annual withdrawals required by law. Like Rick, I am interested if other members have the Norbert’s Gambit option for their RRIFs.
Dave

Read Answer Asked by Dave on May 28, 2019
Q: Based on the information I'm getting from various sources, it seems to me that it's time rearrange my portfolio to reflect the possibility of a recession in the near future. Based on that premise, I've decided to buy the 'best of the best' dividend and dividend increasing companies in Canada. I would appreciate it if you would suggest the absolute best quality companies Canada has to offer an investor in the so called "more conservative" sectors. I'm thinking sectors like pipelines, utilities, telcos but I'm open to other sectors/companies you think will hold up well in a recession. I'm looking for at least 6-8 companies that you believe would fit these criteria. Thanks as always for your guidance.
Read Answer Asked by Les on May 28, 2019
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