Investment Q&A

Q: Could I get your thoughts on how HHL might behave in a recession. I understand Healthcare as a sector would be a Defensive sector however I also understand 5i is not to crazy about the cover call aspect, believing it would not protect again the down side. So how would HHL behave? Would the price fall greater than the average defensive share price, or would investors still consider it a defensive play and hold steady the price. Or would the cover call aspect cease to work and the dividends reduce? If it's more an impact on the dividends, is there a way of telling how much the
cover calling is adding to the dividends and therefore what dividends could be expected in times of a recession. Thanks

Q: Hello
Could you comment on RME and CERV earnings please and give opinion on outlook??
I have held small position in both for maybe 10 years. Things appear to be looking up after many years in the penalty box..

Thank you

Q: I would like to set up a passive portfolio for my mother. Could you please recommend indexes in Canada and the United states that would reflect the market while giving diversification.

Q: why the sudden drop in past month

Q: Would you recommend adding to a 1/2 position or would there be other stocks you would recommend in lieu of ENGH? If so, which ones would they be, in order of your preference?
Thanks for your service

Q: I am wondering why the secondary offering is about 10% below the closing price of the shares? That seems like a huge discount, much larger than most secondary offerings. Why such a large discount? And do you think this will have an impact on the share price going forward (after the closing, assuming it does close)?

Q: I am currently considering the purchase of the ZDH ETF for a non-registered account. I would appreciate your advice about the tax implications, especially given that this ETF has a high yield and is invested primarily in European and Asian equities.

Where can I find out how different ETFs compare for tax in Canada? The Morningstar site offers a "tax analysis" section, but it does not make sense to me. For example, using the site's "since inception" returns, the ratio of "tax-adjusted return" to "pre-tax" return for XIC (Canada) is 86%, and for DGRO (US) is 94%. This would seem to imply that a Canadian investor would pay less in taxes buying a US ETF than a Canadian ETF. The same ratio for ZDH is 76%.

I would like to understand (1) is there a better site other than Morningstar, where I can find out the tax implications of buying ETFs which hold foreign equities; and (2) how much of an impact do the taxes have on the investment returns when one buys ETFs with foreign equities (i.e. if the pretax return for a foreign ETF is 8%, what return would I need from a Canadian ETF to keep the same after-tax amount?).

Thank you.

Q: Any thoughts on these lesser known royalty/streaming metals stocks? Also how would you rank them?

Q: Dear 5i..I am still struggling with the fixed income portion of my portfolio and I am ok with a low but stable, steady income stream (age 68) but I don't wish to see erosion of my capital..my question is-over a period of 15 to 20 years(or longer) as I begin the deaccumulation process do you see any significant difference between bonds and laddered GIC's knowing in fact that both options are yielding peanuts. I would appreciate your comments and alternate strategy...regards. gary

Q: Your thoughts on these two companies. Recent gains in both.

Q: Hey there guys. Wondering about appropriate allocation for my rrsp for longterm holdings (using etfs). Focused on low cost, and good diversification, geographically especially. Keeping in mind my tfsa will be almost exclusively Canadian stocks and ETFs. So for the rrsp 50% VTI, 40% SPDW, 10% HXT. I know spdw holds a bit of Canada too. Thanks for your amazing work, it is very much appreciated,
Jer in Ottawa

Q: Hi All at 5i! I was thinking of swapping my PBH shares for QSR, in hopes for more growth. I would value your thoughts on this. Cheers, Tamara

Q: Good day team ,looking for advice on dividend fund or etf for rsp.i have agf series q interpipeline and sentry energy funds for longer timeframe i have 10 g to ad not sure on what ,thanks for all the great help my investments choices are better since joining your team

Q: Your opinion please as to 5 best value buys (most down for no great reason) according to the following criteria

Canadian Dividend paying, large blue chip type company, any sector

thanks

Ernie

Q: People of 5i I am seeking your expert opinion on IAC including a summary of positives, negatives, whether you would recommend it at this time and of course any other info you'd care to provide. Is this a risky buy at these levels? Many thanks for your guidance - Ken from Naples/Toronto

Q: Do you have a current view on the investment merits of this name

Q: Hi, if I hold either of these stocks in a TFSA would they be exempt from any U.S. or foreign tax reporting? From a tax reporting perspective would it be the same as if holding them in an RRSP? Thanks.

Q: Wondering what are your thoughts on Cloudera.

Thanks

Q: Hi,
I have shares of Equinox Gold in my TFSA and a few months ago they separated their copper assets into a company called Solaris Copper Inc. There was no value assigned to the shares, I'm not sure if they are even a public company yet.
Regardless I assumed the shares will just sit there until a value is assigned and they could be traded publicly. Recently I received a letter from iTRADE informing me that the shares of Solaris are a non qualified security and all income earned and all capital gains derived from the non-qualified investment will be reported to Canada Revenue Agency on a T3RET trust return . Any tax payable on this amount will be levied directly against the TSFA account.
Can you explain this to me? The shares have no value so I can't see that I am on the hook for any penalty. 50% of $0 is $0. Secondly I am angry at Equinox for putting me in this position.
Thanks,
Charlie

Q: Can you comment on why Organigram has not yet listed on a more senior exchange?It seems to me this would expand its attractiveness to a wider shareholder base and perhaps given its size from a market cap perspective allow the company to be included in indexes.Do they have any plans to apply to either Nasdaq and/ or TSX exchange listings?