Dear Adrian, I clicked your referral link and signed up. I have $10,000US dollars to invest but I can't use a TFSA account to deposit the US dollars, what should I do?, I don't want to deposit the money in a RRSP account. Thank you Adrian for all your help!!!
@@urracabolivar1374 Of course you can deposit USD into your TFSA account! With Questrade you can use CAD or USD for everything! So if you have USD sitting in a bank account, you need to use a Pre-Authorized Deposit so on Questrade go to Funding -> Pre-Authorized Deposit. I hope that helps! =)
Oh man, don't know how to express my gratitude for all these videos. Have been watching your videos since 6 hours now. In the morning, I didn't know much about RRSP and TFSA, and now, I am already feeling like I have confidence to start investing basic amount. Thank you for these amazing informative videos. You are the finance teacher I pray everyone get in their school.
Thank you so much Dhaivat for those kind words! You just made my day! I'm glad you found my channel and thank you for binge-watching my videos! I'm so happy that my videos have provided value, keep it up! =)
I generally look for monthly dividends like VDY. I also have quarterly, but those are mainly bank stocks and energy stocks. My TFSA is filled with monthly dividend stocks. Some I really like are: BK, DFN, EIT-UN, FFN, FTN, HCAL, TVE, SBC... Here is a stock many do not know about but is a great stock to hold and yields quarterly dividends... CGY Dividends are great and just in my TFSA, I receive over $700.00/month tax free.
I invested in XEI for a while, I think it's a great monthly dividend provider and a great way to get into the strong financial and energy industries in Canada. However just recently I came across XIC, which tracks the total TSX. Overlaps very similarly with XIE, similarly heavily weighted in Canadian financial and energy, and provides a slightly less dividend. The MER, however, of XIC is considerably less at 0.06% compared to XIE at 0.22%. In my opinion the diversification of the broad Canadian market at a significantly lower MER is a more attractive option for me. However I will miss the monthly dividend payments, as I love to see those dividends coming in on the first of the month!
Could you please do a video on risks involving Covered Call ETFs? I understand there are no long-term growth prospects but it's still a great option for Passive Income Investors?
When I moved to this country couple yrs ago everything went over my head. Too much was going on trying to get settled. Now that I am, I will be binge watching you going forward as I accelerate acquiring assets here. Thanks....
Great video! I am very new to this and had a question. If I were to purchase these ETFs from questrade, how do I get the dividends? Do they automatically get added to your account? Thank you!
You got it Jay! The dividends will automatically be deposited as cash in your Questrade account, so you can use that cash to immediately buy more stocks or ETFs! And you can see these dividends as transactions in your Account Activity! Check out my DRIPs Explained video to see how to setup a DRIP as well =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
Would love to get your opinion on ZAG. I know you have lightly invested in a few shares of it and as an investor with an eye for the future i am wondering if i should crank some $ into ZAG for retirement or stick with my usual stocks/ETF's
I've held onto a few shares of ZAG for years but it's not something I'm putting more money into. I'm still decades away from retirement and I am prioritizing more growth and dividend growth and real estate investing than bonds right now. Especially now with the unpredictable interest rates, bonds aren't a priority for me right now
Love your video! They are clear and informative. I have a simple question, I have not use my TFSA account before. If I have a $40k contribution limit for 2024, and I transfer $40k to my TFSA account to begin with. Can I buy and sell ETF and Stock multiple times with that $40k within one taxation year? Or I cannot further buy any more stock or ETF once I have used up the $40k even I have eventually sold $30k within one year and have $30k cash sitting in my TFSA account ?
A DRIP applies to both stocks and ETFs! It just means when you have enough shares so that the dividend you receive is enough to automatically buy an extra share for you!
Overall Questrade is my favourite broker in Canada but WealthSimple is also great, especially for beginners! But I only recommend them for Canadian investments. Do NOT use them for US investments since they don’t allow you to hold USD (unless you pay them $10 per month) and so they will charge you currency conversion fees with every transaction. That’s how they make their money and it will bleed you dry over time. I’ll be making a whole video comparing WealthSimple and Questrade but for now, check out this video to learn more about the dangers of US investing with WealthSimple: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CuVqfQomSPc.html
I have clicked your quartrade referral link and open a RESP account. How do I know if they have applied the referral correctly? Do I still get the no fee trade for first month offer?
As you'll see in the video, when you click my referral link you should see a popup when you choose which account to create. That's how you know the referral bonus has been activated!
And yes you will pay regular commission fees but you will get rebated after a few days! Keep your eye on your Account Activity to see those rebate transactions =)
When you talked about covered call etfs (1:37), you said they remain flat or lose value instead of returning capital gains. Now, my question is: if i’m buying dividend etfs, isn’t it better for my strategy if the price remais flat? This way I can buy more shares faster than if the price increases, right? Since dividends are paid per share owned, I thought we would want to accumulate shares. Yes, I’m a beginner 😅
Would you recommend any of these ETFs for RRSP? I made the 'mistake' of opening my RRSP on wealth simple which doesn't support Norberts Gambit. Although I have a premium account allowing to hold cash in USD. wondering if it's worth it to pay the conversion fee to get access to American high yield ETFs
It's fine to use an RRSP with WealthSimple but stick to Canadian stocks there. I do NOT recommend using WealthSimple for US investing. They will cost you a ton of money in conversion fees. It's literally how they make money off of you 😅
Would you add or cut some of the ETFs mentioned in this video, for investing in Q1 2023? Many thanks for sharing your knowledge! Love your personality too. Impeccable explanation that even I can understand.
Hi Adrian, just found out from Questrade, that we need to fill out a Drip-form for each account, perhaps l missed that...now that l know how to calculate a DRIP...:-) So grateful for your youtube channel and superb investment advice.
Hey Sabina! Check out my DRIP Explained video where I show you step by step how to setup the DRIP with Questrade. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html And yes, you will have to submit the form for each account (one for TFSA, RRSP, Margin etc) However you only have to submit this form once! =)
Thank you!!! can i invest in a ETF of gold or Silver in questrade? do i need to pay extra for been etf of gold or silver? and do you know ETF of gold and silver in Canada? thank uuuuu
Absolutely there are a ton of precious metals ETFs but be aware that a lot of them can be volatile and they often come with high management fees so keep that in mind! Personally, I don't own any precious metal ETFs. I hope that helps! =)
I have a whole video breaking down the DRIP calculation and I provide a free DRIP spreadsheet to help you here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
I haven't personally used BMO's investing platform but the same steps should apply to most brokerages. See my step by step walkthrough on how to buy Stocks and ETFs with Questrade, my favourite platform =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_V2yBWwOZX4.html
Keep in mind that BMO's platform is very expensive... Questrade is literally HALF the price in commission fees and even better, they charge no fees when buying ETFs! So you will likely save a bunch of money with Questrade. Hope that helps! =)
You got it buddy! It's a trick I use which forces me to consider the management fee since it's so easy for people to ignore it! Thanks for supporting my channel! That purple badge looks pretty cool next to your name 😎
Thank you so much for those kind words, you just made my day! 🙏 I've actually been fighting a brutal flu for the past 3 weeks but my voice has finally returned and I am working on new videos as we speak! =)
Hi Adrian! Thank you for this wonderful and updated video. If you buy a share with the DRIP does that not change your average price of the shares you already hold?
Great Video, great energy. You gained a new subscriber. Wondering where to find the DRIP thresholds? I didn't know there was a minimum investment required to qualify for DRIP. Is it just a Questtrade requirement or the actual fund requirement? Thanks again for providing such great information.
You won't find these DRIP amounts listed anywhere, you have to calculate them! And this number changes every day as the share price changes! Check out my DRIPs Explained video to see exactly how to calculate this number! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ouyXwaTOfhU.html
And in that video, I show you exactly how to setup a DRIP with Questrade. You can setup a DRIP with literally only $1 but your DRIP won't do anything until your dividend is larger than the share price, and that only happens when you have invested that DRIP amount =)
Well that is an ETF holding US companies so it doesn't belong on this list! But it's a decent choice however I prefer to hold my US dividend ETFs in USD and hold them in my RRSP. That's the only way to avoid the 15% withholding tax on those US dividends! I'll be making a whole video about this topic soon so stay tuned! =)
WealthSimple is a fantastic broker especially for beginners but there are some severe limitations and restrictions with them which I will be covering in my upcoming comparison video! Long story short, if you are ONLY investing in Canadian investments then sure WealthSimple is a great starting point but overall, Questrade is the more flexibile and powerful platform, especially when you start investing in US stocks! =)
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! =)
You need to buy these CCETFs when they drop significantly in value, like in 2020 and recently in mid-2022. When it recovers to about 80-90% of where it was before, you are still ok if you've bought on a dip.
I have a whole video on the risks of "buying the dip" Yes it can be fun but historically speaking, you'll make more money if you are just always investing in the market, whether it's going up or down by dollar cost averaging. I go over this in detail here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-h9G1CV-oujI.html
Have you heard for the grifin app? It sounds like a great way to invest in stocks for companies we already support with our hard earned dollars. How can we get this in Canada? And what are your thoughts on why we can’t buy fractional shares in Canada?
Personally, I'm not a fan of fractional shares. They make it much more complicated for bookkeeping and filing tax returns but I get the appeal for beginners. I know WealthSimple Trade offers fractional shares for some of it's bigger stocks
They are interesting.... I generally prefer the established ETFs like Vanguard and BlackRock since they are offer the cheapest fees but there are some interesting options out there!
Great stuff! Do you do any crypto investing or staking at all? You're clearly very knowledgable and would be very interesting seeing you dip your toes into that world/Defi
I have a very small position in crypto, the vast majority of my portfolio is in established and secure companies with a long history of profitability. Speculative investments are fun and exciting but please only play with money you are prepared to lose!
There are hundreds of ETFs out there so this certainly wasn't an exhaustive list, just the ones that I personally invest in. But yes VCE is also a great choice =)
Just discovered the channel and it's been super informative. I haven't invested much yet, though I'm looking to invest a certain amount every pay period. So far in all the research I've done, people have highly recommended XEQT/VEQT based on my time frame. Yet I keep coming back to dividends and I'm unsure which option is the best for me. My goal is to keep investing for 25-30 years, so I'm just trying to figure out which is the best option for me. I think the thing that intrigues me about dividends is the regular dividend, whereas something like XEQT, I won't really see it until I start selling. Ultimately, I guess the question is, how much of a difference would I see between going XEQT/VEQT vs XEI
Some DRIPs will offer a small discount but only if you setup a DRIP directly with the company itself. I don't do this because companies can always discontinue their DRIP program (such as RioCan or Enbridge a few years ago) Instead, I setup my DRIP with my broker Questrade so that I can have a DRIP for EVERY stock or ETF. There's no discount but I do avoid the commission fees =)
You got it buddy.... a lot of people underestimate the power of those withholding taxes.... I think of it as permanently stepping on the brakes as you're trying to drive...
I don't own shares of them but I do have exposure through various ETFs! Plus Berkshire is a pretty tough stock to buy.... it's half a million per share! 😅
If the MER is annual and the dividend is collected monthly, shouldn't you divide the MER by 12 before using it for the monthly net income calculation? For XEI, you said that the dividend is 3.4%, MER is 0.22%, and monthly net income is 3.18%. But wouldn't it be ~3.382% because 0.22/12 = 0.01833333....
When it comes to money, any time you see a % like dividend yield, interest rates, etc that is the ANNUAL amount! So the dividend yield is 3.4% for the YEAR! You just collect dividends monthly so really you earn 3.4 / 12 = 0.283% of income every month. So looking at the whole year, I subtract the 3.4% yield and the MER of 0.22%. I hope that helps! =)
How concerned should one be about withholding fees where ETFs are concerned? It would seem hard to avoid US companies even with "Canadian" ETFs, but on the other hand, the TFSA is a great opportunity to hang on to all investment earned if possible. Is it possible to know which Canadian ETFs hold only Canadian companies? Thanks, great videos!
I was hoping no one would catch that! Good eye!... dammit 😅 Unfortunately, once you publish a video on RU-vid, you can't edit things on the screen so my embarrassment is there for the world to see! 😆
Way ahead of you buddy! I've already volunteered for a few high school presentations / lectures teaching them about money and investing and hopefully I can start doing it in person soon! 😁
Absolutely you can but speak to your corporate accountant because there are limits based on your business situation! If it's an active corporation, there are limits to how much passive income (investment income) you can generate. But if you own a holding company, then you can hold as many stocks and ETFs as you want since all of the income is considered passive. I'll cover this in my upcoming corporation videos =)
I love me some dividends 😎😎😎 I’m almost ready to move my RRSP over from my bank and begin self directing my investments. I’m looking forward to earning some drips. You got me so excited about Drip potential.
You got it buddy! My favourite part of the month is when I receive my DRIPs! It's the BEST feeling ever and it continues to snowball and grow faster and faster! And check out my video tutorial to see exactly How to Transfer your RRSP money from your bank into Questrade =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Bf1zufNlQSk.html
I'm generally against options trading, especially for beginners, even lower-risk options like covered calls. The issue is that you are sacrificing any chance of capital gains JUST for larger dividends. These covered call ETFs will either be flat or very often, go DOWN in value over time. You're just banking on the fact that the high dividend will compensate for the loss in capital. And if something changes and the dividends are ever cut, then you're left with nothing. I prefer to buy and hold quality companies with a bright future like TD. This way you will enjoy growing dividends every year AND long term capital appreciation =)
In the short term and under certain market conditions, if the stock market is trading flat for weeks or months, then covered calls can work, especially if you are already retired with a large pool of money. But for building wealth in the LONG TERM, I don't recommend it since you are sacrificing long term capital appreciation. I want both dividends and capital growth =)
Hi Adrian, for DRIP amount, if I bought VDY in both wealthsimple and questrade, am I able to purchase $8300 in each account (totaled 16600) and still qualify for DRIP? Do I need to $16600 in wealthsimple alone to qualify for DRIP? really appreciate your answer.
Unfortunately no! You cannot combine investments from different brokers or even from different accounts! Furthermore, WealthSimple doesn't even offer a DRIP so you wouldn't be able to get a DRIP no matter how much money you had in WealthSimple
In order for the DRIP to go through, with Questrade, you would have to own enough shares within your Questrade account (let's say your TFSA account) so that the dividends you receive is MORE than the current share price =)
I mean you can see their performance from their price chart at the end of each chapter. And I only really care about LONG term performance! Comparing 1 year or 3 year performance doesn't do much for me. I rather focus on the goal of the fund and the companies contained within, that's what will dictate the long term performance of it =)
It depends on your time horizon! If you are buying a house within the next 3 years, I wouldn't recommend investing in the stock market. It can be too unpredictable in a short term. I only invest in the stock market if I am certain that I will NOT need this money in the next 3 years! Ideally even longer, 5 years, 10 years!
If you know that you'll need a downpayment in the next 1 to 2 years, I would suggest a high interest savings account or GIC. Sure you won't make a huge amount of income but the money is guaranteed to be there when you need it and it can't lose value! =)
If you want to buy VFV or the S&P 500 Through Vanguard using the TSX, is that considered buying American stock or does that whole process wash it through the Canadian system to avoid conversion fees
Not fussy about energy - bust and boom cycles / energy is geopolitically vulnerable and is also challenged by new green technologies / I prefer - BMO - ZLB - low volatility strategy
What's your take on investing in these ETFs in Canada as we phase out of fossil fuels towards renewable energy sources since the Canadian market is heavily weighted in energy (oil and gas) stocks right now. I assume these ETFs will drop heavily in the next 10-20 yrs due to their reliance on energy? or will XIC, for example, gain renewable energy companies as these take on a larger portion of the Canadian market and replace oil and gas. Is there a way to invest sustainably in Canada passive investments?!
@canadian in a T-shirt let's say I have 10k to contribute in my tfsa can I distribute my money among these ETFs inside my tfsa, then invest and forget it for like 5-10 years. Since I don't have time to continuously monitor like stocks if there are changes or panic if it drops down? Since I had bad experience with penny stocks in my past 😂 and want to switch to ETFs , and become a more patient investor
Hello, I am a student but I want to get started im new to this. How to do I start with purchasing an ETF? and how much money should I invest to start with would $1,000 enough? (its my current savings atm).
Yesterday for me, XEI paid out a dividend. I’ve been holding it for just over a week. Where in my Quest Trade account did I see what dividend I was paid?
Yesterday was the ex-dividend date! That means you need to own those shares before that date in order to receive the dividend, which I cover in this video here DIVIDENDS EXPLAINED: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6xzfgObXxvU.html
The actual dividend for XEI will be paid out on Nov 30. You'll see the cash deposited into your investing account. And you can see a list of transactions (including dividends) if you go to Reports -> Account Activity =)
Hi Adrian, what would you recommend for short term investments ? I don’t mean to get rich quickly, I mean where to invest my emergency saving funds for exemple, where can I get more for my money and still have easy access in case I need. Without losing room on my TFSA? If that makes sense.
Absolutely! I will be making many videos on first time home buyers so stay tuned! In the meantime, check out my FHSA Explained video on the new First Home Savings Account! This is a game changer for new home buyers =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-l-vFR14I12k.html
Hi , great videos. Can you please do a video on best strategy for us at 60+ who have some cash ( say $50,000+) and want to invest but looking for shorter term investments. Thanks 🙏 very much.
The true power of investing is in the LONG TERM! When investing, you should always have a long term mindset, since short term can always be incredibly volatile. I break this concept down in detail in my Stocks Explained video here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PelyIDPVoyw.html
That being said, if you are approaching retirement and you want more income and less volatility, then established, blue-chip dividend stocks and ETFs are great! So the ETFs on this video are definitely good choices as well as my favourite Canadian Dividend Stocks here =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_UBlF1WDvNo.html
You got it! Yes that is just the index but you can always just google "____ index ETF" and you will usually find an ETF from BlackRock or Vanguard that covers it. An example for SPTTEN would be XEG =)
Hey Gonzalo! I believe I just replied to your DM on Instagram (I think it was you...) but just hit the JOIN button below each of my videos! Note that the JOIN button does not appear on iPhones..... But it does work on any laptops including Macbooks and on Androids =)
Unfortunately you can't see the MER on Questrade or any other broker. You will have to search up the ETF on its website (Vanguard, Blackrock etc) and see the ETF listed directly from them =)
Feel free to send me an email but I'll warn you, I have never done a promotional video or sponsorship and it's unlikely that I will... I am EXTREMELY selective with which products and services I endorse to my audience so unless I know your service and whole-heartedly love it, I won't plug it to my audience. No paycheque is worth my sincerity, I hope you can understand =)
However it literally only contains 4 ETFS.... each of which are taxed differently. So I would rather just buy those 4 ETFs separately and hold them in different accounts like the RRSP vs TFSA to lower my tax bill and give me more control
Sure it's more work but it will me money in the end. With XEQT, you're paying a small price for convenience. And it's still MUCH better than the old method of mutual funds! =)
You got it Jacqueline! Of course, you can join my membership, watch all of my exclusive videos in a month and then cancel! I hope you choose to stay onboard to watch my content and help support me but that's entirely your choice! Just promise me that you spend that money INVESTING! 🙂
XDIV is also a great option but it only contains 23 stocks... I prefer these ETFs since you get more than double the amount of stocks bundled together! =)
Way ahead of you! I answer all of those questions in my Dividends Explained video here! =) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6xzfgObXxvU.html
Absolutely! It's frustrating that so many people are wasting their TFSA with savings... The TFSA is designed as an INVESTING account, that's how you get the real power and long term benefit from it! I talk about 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
Yes I definitely recommend you focus on Canadian dividends in your TFSA. It doesn't really matter whether those dividends are monthly or quarterly. I have a combination of both and yes reinvest those dividends with DRIPs to gain exponential growth =)
