Investment Q&A

Q: I hold a modest position in the ETN as I have an interest in the Schiller Cyclically Adjusted Price-Earnings strategy. Currently the position is in my RRSP, but I am considering it in a Non-registered account instead.

From a tax standpoint, my current findings suggest that it would be only capital gains based on my buy/sell costs, but I haven't found specific information from CRA to confirm. Can you advise where I might be able find the relevant taxation information.

Thanks, Jeff

Q: Would like your view on ird, I see they won $2.62m u.s. Idaho
contract. Thanks

Q: I would appreciate your comments on AGT's just-released results.

Thanks!

Q: Can I please have your opinion on CUF.UN as a long time hold? Also, we have a full position in RNW (4.5%) and are o'weight on MST.UN (5.5%) How do you think they will be affected now they have been taken onto the TSX?. Thanks

Q: I am considering the Mawer international equity fund for some exposure outside of north america. Historically it seems to have had respectable performance and outperformed many of the international index ETF's that I have been looking at, although exposure does seem biased a bit to the UK.

Given that there are so many funds/ETFs out there do you have any favourites for international exposure that you currently recommend instead of MAW102? My only current international holding is a position in the Euro stoxx 50, FEZ.

Thanks, Jeff

Q: Can I get your views on the Linde Equity fund and the Linde Equity Report ( mentioned in the recent issue of Moneysense)

Q: Hi Peter and Team - An article in Friday's Globe and Mail suggested a rally in bank stocks due to short covering. Is it a reasonable strategy to buy shares at lower prices in companies where there are substantial short positions and expect their price to increase within a few months, perhaps even back to somewhere near their original price before the shorts started. This strategy would assume that the fundamentals of the company are much the same and that the buyer would be willing to hold on to the shares for at least a year. If this is a decent strategy then what would be a good source for researching short positions. Thanks.

Q: Good morning 5iteam,

Please provide your valued opinion on this stock. What are the earnings n growth in the next couple of years? Thanks. Rossana.

Q: Could you have a look at this and offer a comment on the merger price of $13.00 and the current share price of $11.71. With an April 1 closing seems like quick 10% upside.

Q: would you buy gild or uhn both of them or neither one?

Q: In addition to 5I's recommendation &/or great comments,IE,the discount brokerage arm of CIBC,provides bullish technical analysis: Target price range:1)DSG $30-31.5 2)SYZ $9.70-9.90 & 3)MNW $11.-11.49 5I,thanks for your usual great services & opinions

Q: If the low interest rate environment persists for a long time, what would be your favourite 5 or 6 equities for a soon to be retired investor? Do you think low interest rates will persist?
Thanks and compliments on a great service.

Q: I am overweight in metals and have 4% of my portfolio G/YRI and 4% in SLW. Which stock(s) should I sell and/or trim to get to 5% of my portfolio and which 2 consumer stocks (greatest total return 1-3 yrs out) would you recommend I buy with the proceeds. Thanks.

Q: I am overweight financials and underweight utility stocks. Which financial stocks (currently have BNS, RY, SLF, POW, FSZ and HCG) should I sell and/or trim and which 1-2 utility stocks (greatest total return 1-3 yrs out) would you recommend I buy with the proceeds (I currently have IPL, PPL and ENB). Thanks.

Q: What are ur thoughts on this as a long term hold in RRSP? Thks much

Q: Hi Peter, I still hold it from the growth portfolio. I did not sell when you asked to sell. Anyways, as they halted trading on TSX I called RBC Direct Investing. They asked me to call the Investor Relations of Guestlogix. Anyways, I called but could not get hold of anyone at their IR department. Although the receptionist told me to go to this PWC site.

http://www.pwc.com/ca/en/services/insolvency-assignments/guestlogix.html

I could not decipher what PWC is saying here, Are this guys bankrupt? The receptionist told me that they are going to get financed again by May 8.

Anyways, I still hold 9756 shares of it. Is it worth zero? I saw today at RBC Direct Investing that they started selling at US gray market with ticker GUESF. Should I just sell it with 7 cents a share? Or hold until end of May? What does this creditor protection mean? Does not mean that they are bankrupt and PWC is liquidating their asset to pay their creditors? Please suggest.

Q: Hello 5I,

With reference to your reply to Dave about CXR, could you please clarify why the debt indicated is substantially lower than the figure given in Ryan's article back in October? (1.2 billion vs 3.5 billion).

Thanks
Febin

Q: Hello Peter and the 5i team

I recently went to see a financial advisor from my bank (I personally manage about 75% of my equity portfolio and I allow my advisor to run about 25%, this is due to my company pension plan that puts the money into the advisors hands.). She asked me what my long term plans were with my portfolio, I said "1. To beat the market (tsx), 2. Find good companies that pay dividends and buy them for a fair price. 3. Focus on companies that have consistent Dividend growth. 4. Have the portfolio reasonably diversified. I also said that I would like it if I could make my portfolio large enough so that the dividends could pay for my retirement living." She seemed baffled by this comment, almost as if she had not seen a person live solely off dividends. I thought that getting a company like CHD in my basket of stocks was a great idea since it has paid a dividend for 114 years in a row or HRL that has increased its dividend for 50 years in a row, there are many many great examples of companies that would fit into this example. I sort of dismissed her confusion, but later it got me to thinking "Is my plan flawed"??? Is living off dividend paying companies not a excellent tax advantaged way to live in my retirement?? If my plan is flawed what is a better plan?? Another question I have "does the TSX 60 index dividend over time increase faster then the rate of inflation and the cost of living over say the last 30 years"?

Thanks you

Q: I am a conservative, retired, dividend-income investor with a well balanced portfolio.

I have a half-position in TRP. With the future share offering occurring at $45.75, should I wait to "leg in" some more OR is the offering price this low to provide incentive for the financing boys?

I like TRP for the guidance provided on dividend growth until 2020, not to mention the current amount of the dividend.

Also, would you add to WSP at these current levels?

Thanks,
Steve

Q: would you buy it at todays prices?
what safety level would you rank it at