If you want to watch a specific part of the video, here is the breakdown! Enjoy!! 0:59 - Who should invest? 2:35 - When should I invest? 4:03 - Where should I invest? 4:22 - Why should I invest? 4:51 - How do I invest (Beginners) 7:00 - Summary of The Process of Investing
Awesome video Reni! Will definitely be sharing this with my friends who are new to investing. You’re dad is great! I’d love to hear more about strategic ways to use my TFSA in order to maximize my growth in the long run.
Great video, pls can you do a video on RESP, RRSP and when to begin to save into these accounts. Should this be done later in life with the gain from investments or along side investing?
Thank you Petra, Great idea! I will put it on our list to do. To answer your question, if you are a parent I suggest starting an RESP for your child as soon as possible. For the RRSP, I suggest contributing to both your RRSP and regular investing account on a regular basis. The compounding effect will help you save for retirement even faster 🙌🏾
Totally enjoyed this video. It was very simple but informational. Really loved what your dad said about it’s the time in the market and not the timing of the market. I definitely want to see more investment videos. You’re doing great!
Hello there, Love the videos!! I was hoping you both could do a video on buying your first house, should you buy an investment property first, or buy a property to live in first and then save again to purchase an investment property
Your link was just shared with me, hats off to you, fantastic job! Thank for sharing your financial insights. I'm also passionate about financial literacy and have been teaching my children from a young age. Like you our eldest son also bought his first home right out of university four years ago. While he's not a financial guru he's done very well for himself. Keep doing what you're doing to empower others to aim for financial freedom.
Great Video Reni! I opened a direct investment account about a month ago but haven't started using it yet. This was a great push for me to start. Thank you!!
Thank you so much for making this video Reni. It was very insightful.I also liked the way your Dad was able to explain the concepts in a way that beginners like me could understand 😁so Thank you Daddy Reni. Looking forward to more videos like this.
I love this Reni! any videos to do with investing money properly for beginners and more about the how would be great! also, some things you should NOT do when investing or somethings to look out for (if there is anything)
Yes could you do a video on how to got a very good stock market Broker? Where do you find them? From my understanding to buy stocks you have to be able to have about 5k and up. So I do mutual funds and the usual RRSP with my work.
I do all self-directed investing, no need to pay a broker! I have a video coming out in two weeks about the difference between self-directed and managed investing 😊
Thanks for always Reni. I got some questions 1. If I've got an account with wealthsimple and another with Say TD, is it possible to have 2 different TFSAs? 2. With cryptocurrency, there's a centralised wallet where your currencies are kept, is there something like so with the stock markets? So say I've got different stocks with 2 different platforms and 1of them has an issue or closes up, what'll happen to my stocks? (Hope I've not confused ya?😂 )
Hey Michael! 1. Yes, you can have as many TFSAs as you wish, just make sure not to go over your total contribution limit. 2. Nope unfortunately there isn't anything like this, but in Canada, as long as the platform you are using is registered under CIPF (Canada Investment Protection Fund) you'll be all good. Wealthsimple and TD are!
@@xoReni I would like to know key things you look for when trying to find a stock to invest in! I've been trying to research stocks recently but the process is very overwhelming! thanks! :)
This is one of my favorite videos from your channel. I knew very little about investing and it was explained without the technical jargons! Love love love it!
@@abiamichael2099 unfortunately I’m not knowledgeable on all the rules. I would suggest learning more from a Nigeria-based RU-vidr. Sisi Yemmie just started a channel or Flo Finance has a great channel! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-IzS5g-MXFdY.html
@@xoReni thanks for responding back, since last two years as a day trader, i noticed that US stocks are more volatile when its come to trading stock daily, but in terms of Canada TSX stocks its take a while to actually make your profit and go to the next stocks. My question is now when you find stocks on Canada TSX do you rely the technical analysis, earnings report or look at the history of a stock before buy . But its is very difficult when a stock is new. Do rely on information and research before investing in them. And wish investment app do you use to screen for stocks market.
@@akinze3244 Unfortunately I am a long term investor rather than a day trader. For all stocks I invest in I do extensive research before buying but again, I am holding for the long term. I recommend the Motley Fool as well as Google Finance for insights on the company as well as BNN for their analyst picks. Our next video is an investing q&a which will be released June 6th and goes more in-depth of how we choose stocks.
xoReni Hey Reni! Did RU-vid let you know i watched a ton of your videos today again? 😀 Well i did. Credit card’s fully paid off as your dad recommended and now we are looking at options for the Investment TFSA. Torn between my bank and the platforms like wealthsimple. What do you recommend?
Sam Balogun it didn’t, just thought I was check in after a week 😁 I’m so glad to hear that you paid of the card! Banks vs independent is reAlly based on personal preference. The bank is more expensive but convenient and the independent companies are cheap/free but you have to wait a few days for money to transfer. I think wealth simple’s platform is great & so easy to use. You can’t go wrong either way!
