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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: Hi again,
Sorry the symbol I was asking about is HEU. I've copied the question again below.

Hi 5i, I think over the next 3-5 years oil is going to rally up. In doing some reading I found this etf. The management fee is definitely higher than I like. I'm not exactly sure how the 200% correlation works but it sounds like if energy goes up it would be a good thing. Could you give your opinion on this fund, also could you give some better options for getting some more energy in my portfolio if you know of some. Thanks!
Read Answer Asked by david on May 27, 2016
Q: How do you feel about the current valuation of Biosyent? They announced yesterday that they have signed a new agreement for distribution of a cardiovascular drug that they expect will add $20M to annual revenue over time (2015 FY rev was $15.39M). Assuming they can do what they say (which they have done well at in the past) do you think the share price is reasonable? This company seems to operate with great margins and is growing with free cash flow. They have $0 in debt
Read Answer Asked by Michael on May 27, 2016
Q: This is an answer to Paul who had $500K US and wanted to exchange to CAD.

I think your example was great (It would be considered Norberts Gambit?) in the original Norberts Gambit I believe it's suggested to just buy a US Dollar tracking ETF?

That aside - I worked at CIBC as a Financial Service Rep for a while and when I had clients with large sums of US or CAD that needed to be converted I could call our traders and book the best rate possible for clients (I could haggle with them) - usually this would mean I could get as much (or more) as a whole percentage difference as the bank typically charges a two percent fee. I would recommend he calling Cal-Forex or some other trader, getting a quote on the BEST rate, then calling his bank and asking if they can match it (or beat it), or he will go to the other provider (bluff if you want) - the bank should comply...

just my 2 cents, the safest, easiest way would be to just have his bank exchange it - but personally I prefer your suggestion.
Read Answer Asked by Jim on May 27, 2016
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