I post videos on investing, financial decision-making, and living a good life.
My name is Ben Felix. I am a Portfolio Manager and the Head of Research at PWL Capital. I am a CFA charterholder and CFP professional. I am securities licensed in Canada by CIRO.
All channel content is produced and owned by PWL Capital Inc.
Trudeau and the Federal Liberal Government are problem causers, not problem solvers. Sad but true. Trudeau allowing mass immigration not planning for housing, the effects it would have on the educational system which is already strained , the health care system which also already strained. Federal Liberals gross incompetence and mismanagement on running Canada. No common sense. Trudeau cares for Trudeau and no one else , not Canada, not Canadians. A true Narcissist. There is a trend here , incompetence . They are clueless and desperate . Trudeau wants to win at any cost.////
Ben in Canada dividends are very tax efficient are they not? If you are able to keep your income small you may even end up with a negative tax rate. I'm not able to do the math but I wonder how the numbers would compare - capital gains tax from selling US stocks vs canadian dividend stocks. At the end of the day its great to have a lot of unrealized gains but its not what you make, its what you keep that counts. I'm pretty sure that US stocks still come out on top even after deducting the capital gains tax but perhaps the gap is closer when accounting for the taxes?
I watched your stuff and learned that Dividends are irrelevant. But that is the ideal model. The reality is that the entire market couldn't be less efficient and more human. As such it is wrong to assume that dividend stocks suddenly don't show any human biases whilst the broader market does.
The problem with buying a home is you sacrifise a lot of flexibility. If you care about money, just find ways to keep the rent down. I always stay in hostels when i travel for work or leisure.
One thing I dont understand. Once you have paid off the mortgage, you only have to pay property tax & maintanance costs while when you rent, you still have to pay the full rent every year. How does that change the calculation?
The study of 1991 to 1996 is outdated. The online brokers weren't available to gear towards day trading back then. It is also insufficient to distinguishing the number of years the individual trader has traded because one would expect the trader become better with years.
Actually Cathy Wood did not perform that well even in her best days. ARKK's Sharpe Ratio did not exceed the QQQ's Sharpe Ratio. This suggests she has no stockpicking ability and was temporarily lucky on market timing.
So people prioritize their investments in the place they spend and earn that money and get better tax treatment in... not really surprising. Also there is more than one type of single country risk, for example one would not view investing 100% in the United States VS 100% in China as the same level of single country risk.
If you truly believe this, then wouldn't you just rather take an annuity? The Guyton-Klinger and Vanguard Dynamic Spending are much better in my opinion. I am thinking of trying something in between. But we should go with what makes us comfortable, so good luck to all of you.
I have been writing a couple covered calls on positions I have made money on, but am looking to exit sooner rather than later. It's something I have been trying out, but it's not at all my whole investment strategy. So far I've made pretty good returns on it. As soon as the option is executed though I'm not planning on doing a lot of options in the future. I think if you do it on a small scale on individual stocks you are already up on that you don't see as a long term investments for you it can give you some immediate cash, but it shouldn't be a significant part of your investment strategy at all.
6:20 Yes. But if you take a mortgage, you are investing into real estate with bank's money. You don't care that you are paying interest, if value of property goes up with same rate. Young starting person can't take loan of several hundreds thousands and invest it into skocks.
I have only one dividend investment: Legal and General. But their whole raison d'etre is to run their business so as to provide solid, reliable dividend - and seem to do it well. I bought at a big discount while the market was only interested in AI and tech. But you're not wrong: in principle, I'm against dividend stocks and will never buy another.
I want to only invest in companies that are savvy managers of their business and know how to employ capital efficiently. If I invest in a company that does those things, I'd rather the management have opportunity to use 'my' cash efficiently: share buybacks at the right times or use capital to grow the value of my investment as good as, or better than, I could do investing a dividend elsewhere...
This almost happened to my Grandmother a few years ago. They tried to get her to move her money into something. Luckily she wasn’t super gullible and asked me about before she did it. I was so pissed when I saw what they were trying to move her into at her age.
This is under a massive assumption that rates are constant through the length of the mortgage. The benefit completely changes when you account for the long term average ownership costs, assuming you can float the deficit until rates come down - you’ll likely get some appreciation to offset higher initial interest costs as rates fall and demand returns.
I didn't see that homeowner's insurance (versus much lower renter's insurance) is mentioned. It's only a recoverable cost if you have to file a claim, otherwise it's unrecoverable (you don't get your premiums back when you sell your home). I always factor that in as well when weighing renting vs buying.
This advice is done by people who never rent. I do not remember a landlord who was actually spending any money on maintenance. At best they will replace broken thing with something so chip that it will reduce your quality of life.
ARK Investment has lost over $14 billion in the past ten years …per MorningStar. Doesn’t take nine minutes to explain why Cathie Wood is one of the worst investors in this century.
