Check out my MARKET CRASH Guide to learn how to remain calm and what you SHOULD do and should NOT do during a Crash, Correction or Recession! Remember to focus on the LONG TERM! 👇 ru-vid.com/group/PLj8bU3AuW2qH5PDXX5vLxsF5zPE0sOCji
@@maaadjoa741 sure thing! I'll be cover lines of credits in an upcoming video and I'll go in detail on my favourite type called a HELOC in my upcoming real estate investing series! =)
@@maaadjoa741 But in a short summary, a line of credit is basically like taking out a loan except instead of borrowing the full amount right away (and being charged interest immediately) you have ACCESS to a certain amount of money. So if you only need $500, you borrow $500 and you are only charged interest on that $500 once you take that money out. I'll break down the details in a video =)
Thank you, Man! 👍 🇨🇦 You are explaining everything so clear, that even beginner investors like me could understand everything! 👍🇨🇦 Of course, I'm your a new subscriber! 👍🇨🇦
Time will tell! I don't expect a full recovery until at least 5 months but again, I don't really care about the short term, I'm focusing on LONG TERM over the course of 5+ years! In the meantime, I will continue to enjoy these discounts and DRIPs =)
I thought you were going to say TD Bank! Why didn't you include it on this list? its down about 14% in the last 2 weeks! 22 years old and thinking about opening a TSFA during this market correction. Your videos help a lot thanks :)
I will ALWAYS be buying TD! Of course I am buying TD right now at this discount but I can't keep talking about TD in every video. I gotta mix it up a little! 😁
Enbridge is one of my all time favourite dividend stocks and I've talked about it many times on my channel including in this video here so check it out! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_UBlF1WDvNo.html
A question I've been pondering; would it make sense to own BOTH Enbridge and Fortis? I'm starting to lean towards yes, but there is undeniable overlap between the two which could prove problematic at some future crisis point down the road. Enbridge is one of my key portfolio anchors but Fortis' strength can't be denied and it is the definition of consistent. Hmmm...
There definitely is some overlap but NOT enough to justify only owning one of them! I definitely own both of them but they still fundamentally serve different sectors and thus perform different with the markets! Enbridge has some utility exposure but the majority of its revenue is in pipelines of gas. This is something Fortis is only tangentially involved in. But don't worry too much about overlap! For example, I own all 5 of the major Canadian banks and there is MUCH more overlap between them! Just make sure you also own other sectors so that you are diversified =)
Just discovered your channel, and absolutely loving all the content! You do such a thorough explanation and simplify the information perfectly. 🙏🥳 THANK YOUUU!!
Wow! Thank you so much for those kind words! I really appreciate that and I'm glad you found my channel! I definitely recommend you watch my playlists! I colour code them (eg. silver thumbnails = Taxes, green = Investing guide, light blue = Stock Picks, etc) 🙂
Absolutely! I've talked about MFC in a few of my past videos but it definitely doesn't get the attention like the big 5 banks! And in terms of dividends and securing a DRIP, it's hard to beat! =)
Thank you, Adrian, for your videos & recommendations! I had been sitting on the fence about Manulife & Smart Centres, but listening to your explanations and how to cash in on discounts during this crash helps a lot.
My portfolio is so small it's hard to make decisions I've been in soluable potash for around 3 years grabbing NTR and GSP, have around 3k capital that I'm really unsure where to allocate!
I'm surprised you chose Fortis. I feel many people jumped into Fortis once we got a sniff of a possible recession. I agree with your two other choices, MFC in particular is yielding high and got beat up badly this year.
Well Fortis is basically always a buy for me and since it's so defensive, it's rare to ever see it go down so I definitely pounce on the opportunity to get that 10% discount =)
Have this at the back of your mind. there are good days and there are bad days it’s a zero sum game, However always follow the tips ,save and invèst wisely and make sure to diversify invèstments so when another is down the other is up. you can do so by getting an experienced firm whose platform has diverse invèstment choices to choose from. By doing this you give little room for regrets and perhaps gain more.
Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse invèsting choices? Quite rare I anticipate your response.
Unfortunately the JOIN button doesn’t appear on iPhones. It should be underneath the video, next to Subscribe. It’s an annoying Apple issue but it WILL work on any laptop, including Macbooks and on Android devices. If you click the link below, it should take you to my home page and a popup window will automatically come up with details on the membership benefits and how to join: ru-vid.com/show-UCSadrZbocL562URt0QDF3eAjoin I hope that helps and thank you for your support! 🙏
That number changes every day since it depends on the stock price! Check out my DRIPs EXPLAINED video to see exactly how to calculate it! Plus I include a free Excel template to help you calculate it for you =)
i have zero luck with insurance companies - I own 3 in canada - sunlife, manulife - great western - google their price over the last 2 months - are all dropping like rocks
Try to ignore the short term performance! Especially with the rampant fear in the markets and volatility due to inflation and rising interest rates. Once these fears subside and confidence is restored, these qualities will recover and grow in the long term =)
2 months???? That's not long term...unless you are trading in commodities this year, many of us are in the red and this includes having big name companies like Microsoft. Everyone of us....for the most part are in the red this year.
Reading your comment. I personally had no room in my tfsa so I put fortis in my non registered account. Since it’s a Canadian company, the dividends are eligible for the federal tax credit so I find it a wise choice as say a gic that may pay a similar amount currently but you are taxed higher on gic interest vs the dividends.
That's exactly right Will and I am doing the same thing! If you have a lot of TFSA or RRSP contribution room, of course you should hold Canadian dividend stocks like FTS there. Why pay taxes on investment income when you have tax-sheltered room waiting for you! But if you are almost maxed out of your TFSA and RRSP, I would hold Canadian eligible dividends like FTS in your Margin account (non-registered). Yes you will pay some taxes but Canadian eligible dividends get preferential tax treatment! I will cover this in greater detail in an upcoming video =)
Just discovered your channel and ,so far , I love your contents . I have a question though why when I search for manulike I get so many options as CDV , MFC... what is the difference between each one of them and which one of these stocks are you talking about here?
A lot of the big popular stocks will have different versions of the stocks with different suffixes. Usually these denote different categories of "preferred shares" Personally I avoid these preferred shares, the main difference is how they receive dividends in the event of a company bankruptcy. For Manulife stock, just use the basic suffix ".TO" to specify the Toronto Stock Exchange so just search "MFC.TO" =)
I got you covered Mark! I have a few videos on my favourite ETFs to invest in, check out my most recent one on my favourite CANADIAN DIVIDEND ETFs! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5crp5qeQing.html
You got it! There is fear in the market overall so prices across the board have dropped! BUT this price drop can often times be artificial and might not have anything to do with the company itself. It's just a sale but the company is still doing it's thing so definitely take advantage of it! =)
Hey man, could I pay you a flat rate to pick your brain for an hour or so? I'm going to be investing a decent amount of money this year and I want to be sure I'm doing everything right.
I actually get this question quite often. As always, you should always take my advice as advice. It's your money so your decision. But if you'd like to have a one-on-one call where we can discuss your particular situation and I can offer some insight, shoot me a message on Instagram and we can set something up =)
Video idea for you… I’m a new investor, so I’m learning as I’m going along. I recently discovered a foreign government was taking a 30% cut of my dividend money, even thought the investment was being kept inside an RRSP. So how about a video discussing foreign withholding tax (other than by the US) for Canadian investors. Many thanks, your channel has been very helpful for me.
Unfortunately, most international stocks will charge a withholding tax on the dividends you earn and there's no way around it.... The withholding tax rate will depend on the country but the RRSP will not protect you from this. Only the US government has a special tax treaty which reduces this withholding tax to 15% and is waived in an RRSP (or other registered retirement account) Hopefully this stock doesn't pay too much of a dividend yield since 30% is a huge cut... if it is more of a growth stock, the good news is that the withholding tax does NOT apply to capital gains! =)
Great video as always! Between CU and FORTIS? What would you say…? It seems Fortis has grown faster but the dividend yield compared to CU is slightly lower..
Amazing video as usual! I own those three stocks and I'll be holding them for the long term. Adrian would it be possible to have a video about Algonquin power? I hold it in a big portion and lately the pay out ratio has gone through the roof so I would like to hear what you have to say about it. Thanks
I don't own AQN directly but I have some exposure through a few ETFs. When it comes to utilities, it's quite common to see large payout ratios due to the high cost of infrastructure maintenance / developments but yes with AQN, it is definitely concerning...
Hi Adrian ! It would eventually be interresting to know what is your strategy when a stock you invested in stop giving dividends or just stop being as interresting/performant to you. I wonder if you had to sell everything you had from one single fund to buy back something else because of it. As someone who is trying to invest and forget about it for the next 30 years It is a bit scary to think about managing those events.
Hey Timothee! That is why it is so important to research a stock extensively BEFORE you buy it to hopefully avoid this happening to you but of course, surprises or huge market changes can always happen! The only time a dividend was cut in my personal experience was Nordstrom, a retail stock I bought many years ago but I decided to hold onto it and luckily, the dividends were reinstated =)
I always invest with a long term mindset. I know that I will NOT touch any of the money I put in the stock market for at least 5 years but ideally longer so I am not counting on this money to survive. As long as you still believe in the future of the company, I suggest you hold and let it recover =)
Usually the monthly dividends tent to be REITs, Real Estate Investment Trusts like SmartCentres which I discussed in this video. To see some more of my FAVOURITE CANADIAN REITs, with monthly dividends, check out this video here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-cscnH569Adc.html
That's what I LOVE to hear! I have a WHOLE section where I discuss gold in my latest video here about WHY I AVOID CRYPTO and SPECULATION: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-E6EavL1pAFE.html
Fortis and Manulife would definitely be okay in a cash account (Margin for Questrade) since they are eligible Canadian dividends so they get taxed less but for REITs like SmartCentres, I would hold them in my TFSA or RRSP since REIT distributions are taxed heavier. I talk about this in my REITS EXPLAINED video here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4j0VuUQHpB8.html
Manulife is definitely more of an income player than capital growth however, at these discounted prices you can definitely expect capital gains once it recovers. For example, when I bought shares of MFC back in April 2020, those shares earned me capital gains of over 40% just one year later, in addition to those great dividends =)
@@CanadianTShirt sure like that as a swing play then as you said. reits im not going to touch right now since the rates going up will affect them for a year or two. reits can always suspend or stop div payments too if the rates go way high. Fortis make sense now. I like BCE, TD, BNS, CNQ...
CU is also one of my favourite dividend stocks as I've talked about in this video here! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_UBlF1WDvNo.html
Happy as Poop that I found you Can Man in a T-shirt. Sounds like good solid advice...gonna get that Questrade going and purchase some manulife at least. Little foggy on the DRIP but I will watch another one of your videos. Thanks for helping us all.
hahaha "Can Man in a T-Shirt" I love that! 😆 Thanks for those kind words and welcome to my channel! Make sure you watch my Questrade tutorial to see exactly how to OPEN AN INVESTING ACCOUNT and make sure you use my referral link to get that $50 referral bonus =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-uoOBRUY8IXQ.html
And regarding the DRIP, I've already got you covered. I have a WHOLE video all about how DRIPs work, how to set it up and the long term benefits of using a DRIP to automate and compound your dividends! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
You got it Angelo! I've been overwhelmed with my real estate rental properties and renovations the past 3 months but I am finally done and back to focusing on RU-vid! =)
Absolutely! Every single company, especially in the utility sector, has large debt in order to fund expansions and new projects but as long as they have reliable cashflow to paydown that debt, it is totally normal =)
Remember the dividend yield fluctuates every minute of every day because the share price fluctuates! The Dividend per share is fixed (Manulife usually increases this once per year) but the share price always goes up and down. So if the share price went up, the dividend YIELD will go down slightly. I cover this in detail in my DIVIDENDS EXPLAINED video here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6xzfgObXxvU.html
Don't tease me with Manulife. I already have a list to buy and my income comes in. My list includes Brookfield Asset Management, Algonquin Power and Utilities, TD, RY, and Emera.
Great picks all around! I hear you buddy.... you are ready to buy on Monday with a set watchlist and then a new shiny idea comes your way! But if you do have some extra cash, that Manulife DRIP is very tempting! =)
I don't have any personal experience with Ami Broker but I do have a whole video tutorial on how to TRANSFER stocks from your broker into Questrade so check that out =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Bf1zufNlQSk.html
@@CanadianTShirt Woah! I didn't expect a reply from you, thanks a lot. I figured a way I might be able to connect Interactive brokers with Ami broker, What are your views on Interactive brokers? I have heard that most people would recommend Questrade over others. I am new at trading just learning, but my brother is good at it and he uses Ami broker so all my knowledge comes from him.
My pleasure Aby! Enbridge and CU are also some of my favourites! I talk about both of those in this video here on my FAVOURITE CANADIAN DIVIDENDS =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_UBlF1WDvNo.html
For Canadian dividends, it doesn't matter whether it's a TFSA, RRSP or RESP. ALL of them will be 100% tax sheltered! However for US Dividends, the RRSP is the only place where it will be 100% tax free! US Dividends in a TFSA will be charged a 15% Withholding Tax! I cover this in greater detail in my TFSA MISTAKES video here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-s4cBibLATOU.html
@@CanadianTShirt Thanks for the response! The real question is if I would need to hold the American version in my RRSP to avoid withholding tax (VTI) of if I get the same exception with the Canadian version (VUN or VUS).
Unfortunately WealthSimple does NOT support DRIPs..... That's one of the many limitations of WealthSimple which is why Questrade is still my overall favourite! I'll be making a full comparison video between WealthSimple and Questrade soon so stay tuned! =)
I recommend investing in your RESP the same way as your TFSA, with CANADIAN dividend stocks and ETFs! That way you get the most of the tax-sheltered nature of the RESP! Check out my STOCKS TO BUY playlist to see all of my favourite Canadian stocks and ETFs to hold in an RESP (look for the Canadian flag in the thumbnails) ru-vid.com/group/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB
I have touched on covered call ETFs in my past videos including here on the BEST CANADIAN DIVIDEND ETFs ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5crp5qeQing.html
But you pretty much summed it up. I'm not a fan of covered call ETFs, yes they offer very tempting dividend yields but that is ALL they offer! There is no chance of long term capital appreciation and in fact, many of them LOSE value over time! Instead, I focus on ETFs that will GROW in value while paying great dividends =)
Hi (again) Adrian ! Another question for you if you dont mind. It's about dividends generated inside of a TFSA ; Assume you have a TFSA limit of 20 000. You decide to invest 20 000 in your TFSA and buy something like Smart Centers stocks who give montlhly dividends. What would happen next month ? Would you be elligible for a DRIP inside your TFSA despite the fact you already reached your limit ? Thank you again for all your videos i'm binging them all like the first seasons of Game of thrones ! Great content.
Excellent question! I cover this in much greater detail in my TFSA MISTAKES video here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-s4cBibLATOU.html
But the good news is that any income earned INSIDE the TFSA (dividends, DRIPs or Capital Gains) does NOT affect your contribution room! So even if your TFSA is maxed out and you receive monthly dividends or DRIPs, it will NOT push you over the limit since that income doesn't count as a contribution =)
I only have a tiny position in crypto, less than 2% of my investment portfolio. As you've seen lately, crypto is EXTREMELY volatile and risky so I would only put a small amount of money in that you don't mind losing. The vast majority of your money should be invested in companies which are established and have a bright future! We don't know if 90% of these cryptos will still be around 10 years from now! Bitcoin and Ethereum probably will be but the rest.... it's really just a gamble. I hope that helps! =)
Unfortunately WealthSimple does not offer DRIPs.... that's one of the limitations of WealthSimple. You will have to manually purchase a new share every quarter (or month for SRU) when you receive the dividend. I hope that helps! =)
3 solid companies at decent valuations. I've owned them for years and while only FTS has provided an above average return, depending MFC on when you bought into it, the return could be above market average as well. Nice content. Keep it coming.
Love the explanation behind each choice. Great video! My top dividend stock in my portfolio is currently Enbridge. I also have Fortis and SRU, will definitely be adding Manulife.
Good call! I have talked about Enbridge in many videos including this one, it's one of my all-time favourites =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_UBlF1WDvNo.html
@@CanadianTShirt I like Yahoo Finance, but the dividends history just goes until 1995 usually. Even though some of them has been paying for over 100 years, like TD. Is there a specific place where I would be able to see for how long it has been paying the dividends for the whole time?
Hi Adrian, I wonder if you are taxed on your dividends when doing a DRIP in a cash account on questrade. I would think so but thought it would be worth asking anyways
Yes! Dividends are taxed the same in a cash account (Margin account) whether you receive those dividends as cash or reinvest them as a DRIP, you still have to pay taxes on that dividend income. I hope that helps! =)
Unfortunately no! WealthSimple does NOT support DRIPs, it's one of their many limitations! WealthSimple is a very cheap and good option for CANADIAN stocks but don't use it for US investing, it will cost you a ton in conversion fees. That's why overall Questrade is my favourite broker =)
I always set up my DRIP through my broker (Questrade) because some companies will decide to cancel their DRIP program (like Enbridge or RioCan did several years ago) If you do it through Questrade, you can setup a DRIP with ANY stock or ETF, even if the company no longer offers a DRIP program directly! Follow the steps in my DRIP EXPLAINED video to see how to set it up! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
Thank you Adrian for yet another great video. I went to high school with Adrian, and he's one of the most intelligent people I've met. The success of his channel does not surprise me. I have learned a ton from all these videos, there is immense value and research behind each video. Keep up the great work and wishing you more success! Afshin
Thank you so much Afshin for those kind words! Man it's certainly been a long time huh? I'm really happy to hear that my videos have provided value and hopefully we can catch up one of these days! Does your family still live near Mulock?
@@CanadianTShirt you’re most welcome! Yes it’s been so long (man, I feel old saying that lol). I’m now in Barrie, if you’re ever heading up North here, DM me on FB we can catch up. Once again, congrats on the success of your channel, you should be very proud of it!
Thanks for reminding us not to panic, Adrian. Do you think it's worth covering the inner workings of WealthSimple now that the Pro package has been out for $120 a year? I was told there is no drip planned, and that's the only thing preventing me from moving from questrade. What are your thoughts?
I will definitely be making a WealthSimple vs Questrade review soon! Overall, Questrade is still my favourite since it just has far more features (and you don't have to pay for it) ESPECIALLY if you are also investing in US stocks. But if you have a purely Canadian portfolio, then I think WealthSimple is a great option as well. I'll break this down in an upcoming video! =)
Hey Adrian, I'm not sure if you've covered this already, but I wanted to ask if you can do a video on GICs? The guaranteed return part sounds like a bond, but I am unclear on what it actually is and how it works? Maybe you've covered it already and someone will link me, but either way thanks in advance.
Adrain thanks a ton for these videos! Your'e a real generous guy sharing this wealth of information. I'm brand new to investing and learning with confidence from your videos. Thank you so much!
Definitely over time!!!! It does not matter WHEN you buy the shares or how many transactions it takes (all at once or over the course of months or years) all that matters is that you own enough shares so that your dividend you receive is enough to cover the price of a share! Check out my DRIP EXPLAINED video to learn more how it works! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
The ETFs in the the video above have rock bottom management fees and they contain dozens or hundreds of stocks so that built-in diversification is well worth the reasonable fees =)
@@CanadianTShirt Thanks bro. I watched this video😍.what is ur openion about HXQ these days? I have vsp,vcn and vdy in my portfolio and i would like to add something else bcz market is down.
@@hosseinabbas-fard1670 It's not a bad pick! Personally I prefer to buy my US ETFs in US dollars, even for the NASDAQ. CAD versions of US ETFs always have significantly more expensive management fees and you can't avoid the withholding taxes on the US Dividends. So I prefer ETFs like VOO, VTI or QQQ. I can make a video about CAD vs USD versions of ETFs, I hope that helps! =)
Which broker are you using? In my experience with all of my brokers (mainly Questrade and TD) use the .TO suffix to specify the TSX. Just make sure that you're buying it in Canadian dollars =)
Another great video Adrian! Thanks for sharing all the information. QQ - as a beginner, how should one come to a number of dividend/stocks they should purchase? Say i have $1k, how should I invest it in the dividends you recommended? Thanks! Looking forward to hearing from you.
Thanks for another great, insightful video. I have an unrelated question. How do you recommend spending foreign money abroad. I'm a Canadian travelling to Portugal, England and Ireland in the fall and looking to figure out the most efficient way to convert/spend overseas. What do you recommend?
Absolutely you should! ALL of the stocks on this list should be held in your TFSA or RRSP if you have available room to avoid paying taxes on those dividends and capital gains! Why pay taxes on investment income when you have tax free room waiting for you! =)
And no, the income you earn inside the TFSA and RRSP is tax sheltered so it will NOT affect your tax bracket. Only WITHDRAWING from your RRSP will be taxable and thus that will affect your tax bracket! That's why you should only withdraw from your RRSP in retirement when you have a low income! Check out my RRSP EXPLAINED videos to learn more how that works =) ru-vid.com/group/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz
Once you setup that DRIP Enrolment form (as seen in the video) as long as your dividend is enough to cover the price of a share, your DRIP will go through immediately! So you will receive the DRIP on the dividend payment date =)
Check out my DIVIDENDS EXPLAINED video to learn how to find the Dividend Payment date for any stock. This date is different from the Ex-Dividend date so keep that in mind =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6xzfgObXxvU.html
Thank you for great breakdown as usually Adrian 🙂. I hope you are doing well. With the new changes with Wealthsimple, do you still think it is best to buy US stocks with Questrade and Canadian stocks with Wealthsimple? Can you give context please?
It was less than last Q1 earnings but still profitable! And considering all of the insurance claims due to covid that were paid out over the past year, it's understandable.
You got it Bobby and thank you so much for the kind words! And thank you for supporting me with the membership! I'm working on a new members-only video this week so stay tuned! =)
Adrian, thank you for another great video with super tips; one question, what's your educated guess about the current stock market - further decline or will we soon see a turnaround? let your crystal ball speak :-)
Thank you Sabina! I'm glad you found is valuable! I WISH I could answer that question for you but the annoying truth is NO ONE knows! Anyone who claims to know is lying and probably trying to sell you something 😅
But what I can guarantee is that there WILL be a turnaround! The market will ALWAYS recover, it's just a matter of time! If I had to make a prediction, I expect the market to begin recovery in the next several months. For a FULL recovery, probably sometime next year? But again, no one knows for sure =)
Sure it's currently down right now along with the entire financial sector due to rising interest rates but this stock also pays an annual dividend of about 6% so even over the course of ONE year, it's broken even. In the long run, it's fantastic passive income! And buying at the low point means you will earn capital gains when it recovers =)
