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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: Hello All,

Well one more day and we can turn the page on 2022. My thanks for your service and remaining composed through difficult times. Your professionalism is what keeps me glued to the service.

My question pertains to TOI and SHOP that I hold in a cash account. I want to move them into my TFSA where I hold the majority of my position in these companies. I’m down about $800 on shop and $600 on TOI. If I transfer them I lose the tax loss. If I sell and wait the 30 days I spend 40 bucks to make the trades and would have a 1400 capital loss which equates to net 700 to claim. Then I have to hope that the stocks do not rise to cancel out the gain. Any suggestions? If I buy first and sell after 30 days, I run the risk of the stock dropping and I’m even worse off.

Any suggestions? I am tempted to just transfer the stocks and forego the tax loss which is minimal.
Read Answer Asked by Kelly on January 03, 2023
Q: Hi, Telecom stocks have been weak over past few weeks, perhaps due to bond yields creeping higher, once again. Is there any other reason/news which could have impacted the sector ? Telus, has been particularly soft and broke its 52 weeks low, in today's trading - any ideas, why? How do you foresee this sector and BCE/T performing over 2023 ? Thanks
Read Answer Asked by rajeev on January 03, 2023
Q: Happy Holidays! Now that 2022 is coming to an end, what would be your most bullish ideas going into 2023?

Thanks!
Read Answer Asked by Michael on January 03, 2023
Q: I received a Dividend Distribution Reminder from RBC regarding a NNRG dividend...$4.18/share. Ex-div date of Dec 29/22 and payment date of Jan 09/23. I've kept the email and reread it several times.

I would have expected the share price to drop roughly $4/share on Dec 29, but I have seen no share price movement anywhere near that level.

Can you shed some light on this? I have gone to Eric's website and see no dividend notifications. Could this be a mistake somewhere in the RBC system (doubtful)? Or...is there a chance I might receive the cash equivalent of the dividend on Jan 09/23 (I know...pipe dream)?

Confused...thanks for your help...Steve
Read Answer Asked by Stephen on January 03, 2023
Q: I currently have the following positions in the "FAANG" stocks: GOOGL (5%), MSFT and META (each less than 2%), AAPL (less than 1%).

Not interested in NFLX since I already have positions in DIS and ROKU, but I'm open to AMZN (although I have a small position in SHOP, less than 2%).

I want to reduce the number of stocks I own, so I'm looking to consolidate my FAANG positions. In what order would you rank the FAANG stocks at today's prices for potential future returns?

I have a long time horizon (decades) and a very diversified portfolio, so not worried about short-term declines in share price.
Read Answer Asked by Patrick on January 03, 2023
Q: Hello, I am thinking of adding to Canadian companies with safe dividend. Current dividend yield for good companies is around 6% and with dividend tax credit, this seems like a good return. I have cash in US$. The question is: 1. Is it better to convert US$ cash to CDN$ and buy these securities traded in CDN$ on CDN exchange. Or 2. Is it better to buy these securities traded in US exchange and traded in US$. The advantage is to avoid converting US$ cash in CDN$. Please comment on the following assumptions:
• Dividend paid by CDN companies traded on US exchange in US$ is also eligible for dividend tax credit?
• Dividend could be paid in US$ or CDN$
• Company or broker will issue T5 in either case
• What currency the T5 will be issued in?
• One has to calculate gain/loss and dividend due to exchange rate difference
• Exchange rate will impact Gain/loss for the CDN securities traded on US exchange and the gain/loss will be different for the two securities. The same dividend yield will be different also.
Read Answer Asked by Naren on January 03, 2023
Q: Stansberry Investor Hour, Extreme Value, The Ferris Report
Dan Ferris is the editor of Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market.

Can you give me any info on this guy?
A scam or legit?
Thank you.
Read Answer Asked by Ross on January 03, 2023
Q: What are your current top 5 Canadian dividend picks?

Thanks,

Joe
Read Answer Asked by Joe on January 03, 2023
Q: Hi, Does the court approval of Rogers/Shaw deal create competitive disadvantage for Telus business prospects in the near and long term ? Its stock has been in oversold territory with RSI dropping around 25. It made a new 52 weeks low, in today's trading after the Rogers/Shaw news was announced. What are your thoughts ? Thanks
Read Answer Asked by rajeev on January 03, 2023
Q: Last year at about this time I asked you which was the worst perfomrning Canadian bank for 2021. Apparently It was RY and I bought it and it is down 3.3% to this date.

So 2 questions please

1)Which was the best performing Canadian bank stock in 2022 and what was the performance.

2) and which was the worst performing Canadian bank stock for 2022.

I picked up this strategy from your investor Suite article a few years ago and figure I can't go to far wrong following it.

Thanks and Happy New Year


Sheldon
Read Answer Asked by Sheldon on January 03, 2023
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