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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 would like to make my TFSA more growthy. The candidates I have in my TFSA that I am considering replacing with more growthy names are: TD, IPL and WCP. I own these in a non-registered account as well, but since I can’t take advantage of the dividend tax credit in the TFSA I would like to replace them.

The growthy names I have in my TFSA are DHX.B, ESL, and GUD. I think I have enough of these, so I am looking for other suggestions from your growth and model portfolio. I am considering, CXI, TOY, PBH, ZCL (maybe KXS if it pulls back to the mid-50s). I already own SIS, NFI, OTC, CSU in a non-registered account and think I have enough for now.

What growthy (but not overly risky) stocks would you suggest for a TFSA today for a long term hold?

p.s. I have already maxed out my TFSA contributions. With some cash in the TFSA and the sale of shares I may not have enough $ in the TFSA to buy a full lot(s) of the replacement (e.g sell 100 shares of TD @ $58, buy 200 shares of TOY @ $31.50). I would rather not buy an odd lot (e.g 184 shares of TOY) because I don’t have enough cash in the TFSA, and I can’t add any more $ to the TFSA until next year. Should I wait until I can buy the full lot (i.e. the price falls, or I get dividends to increase cash), wait until January when I can add another $5500 to the TFSA, or find another stock where I can buy full lot(s). What is your opinion on buying odd lots, especially with low volume stocks like TOY and CXI?
Read Answer Asked by Paul on October 06, 2016
Q: Why are the put write index etfs so far under the radar? In Canada there is only ZPW which has a market cap of 110 million, and in the U.S. there is only HVPW with a market cap of 38 million. There is also ZPW.U which accepts only U.S. funds but it's extremely small at 5 million. The dividends on these etfs are over 7% and they don't seem any more unsafe than a covered call etf, though it is clear that the share prices could deteriorate as much as any etf under certain market conditions.
Read Answer Asked by Jerry on October 06, 2016
Q: Good morning Peter and Team,

Sorry for another question about the changes to the mortgage business! The new rules will undoubtedly disqualify a number of people from obtaining mortgages, thus relegating them to renting instead of buying real estate. I'm wondering if this is a buying opportunity for "apartment" type REITs like CAR.UN and IIP.UN. If so, what REITs do you find most compelling, and is there any preference as to where should they be held? (RRSP, RRIF, TFSA, Non-registered investment account.)

Thanks as always for your valued advice.
Read Answer Asked by Jerry on October 05, 2016
Q: Good Morning to All
I wish to clarify my previous question on Asset Allocation. I simply want your opinion on how I should allocate my three High Conviction Funds, Canadian, U.S. and International by %. I do not intend to increase my total equity. Sorry for the confusion.

Thanks Guys.
Read Answer Asked by Warren on October 05, 2016
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