Great video as usual. I added SBC to my portfolio at the beginning of this year. So far it's up by 32.22% and the book yield is at 9.90%. Can't be happier. 👍
I buy individual bank stocks but I also invest in ZWC and HDIV and GDV so I am well covered in bank stocks I will look into HCAL I like the method they invest by
I hold SBC and TD.to I also have ZWC which holds a good chunk of the banks and coward calls. EIT also gives me some banks and even my GDV holds some banks. Well covered in the banks .Thanks Adrian
Hey, I've been watching your content for a while now and I wanted to say how useful your insight is. It's nice to see that someone is so passionate about long-term investing compared to other folks. There's a lot to learn from your channel and your package, so keep up the consistent work! Question: How to know when monthly dividends come in? I recently purchased many ETFs, but have no idea if it's every 1st day of the month or 30 days prior of the stock purchase?
Thanks - great analysis! You didn’t mention that HDIV has 1/7th ZWB in its holdings, and several other of the funds that you recommend have a majority of holdings in the big 6 Canadian banks - like FTN and LBS to name a few. ( And to lesser extent- DS, DFN, DGS, and GDV ) - so holding those also give you exposure to the Canadian banks.
That’s true ! I wanted to stick purely with the banks in this video . Almost all Canadian funds will have a big chunk in the bank . Lbs , Ffn , dfn etc all have a nice chunk in the banks
HCAL! I read elsewhere, and it seems to be true, that the Canadian banks kinda rotate in and out of oversold undersold positions. I dont have the skills-time to estimate that, but I'd pay HCAL to do that for me. I like owning some bank shares as well. I went with CIBC during covid because they seemed to fall the most and had the most to gain, then switched to BMO in June.... Shoulda stayed with CIBC a bit longer than I did! Thus proving my theory that I dont have the skills or time to make accurate estimates in this matter.
Many thanks! I am a U.S. resident and U.S. citizen. I attempted to look up each of the ETF ticker symbols which you noted on my investment platform (Schwab), but did not get any results. In order to take positions, must I go through special trading procedures with a live broker to purchase these funds? Also, given the currency risk ($C vs. $U.S.), is it worth it for a U.S. citizens and resident to take advantage of these ETFs. It may seem better from an FX and tax perspective to incest in these Canadian Banks individually and in proportion to these funds' holdings. I would appreciate your thoughts and feedback.
Any thoughts from the community on Aberdeen Asia Pacific Investments (TSX: FAP) on their move to Singapore, return of par value and new investment policy? would there be a change to distributions too? I was going to pick up a little more since it's already trading at a discount, but perhaps it will change when they execute in mid-December?
Great video, thanks for all the information , I currently hold ZEB but interesting points on HCA. Just curious @5:33 you show performance of HCA and the “Big 5” Canadian banks , I am wondering what it would look like instead next to ZEB which holds the Big 6 banks, which includes National Bank I believe? Just wondering if that makes a difference… thanks for all the information I will continue to follow your channel for investing tips
You are inspirational. I am way behind though. You choose mostly Canadian ETFs because America demands a 15% withholding Tax? I have a Canadian trading account (Questrade), but hold only US stocks like Apple, etc. do I pay, also, a 15% tax?
Yup.... use it wisely. Don't make the same mistake I did for years & invest in non dividend (mostly small stocks) stocks in your TFSA. My TFSA account at its worst point was down 80% from my contributions. About 3 years ago I finally decided to go with dividend only paying stocks/funds/etfs in my TFSA account.... now I'm around 60% over my contribution amount with most of my gains in the last 20 months.
Question: what happens to split share funds that drop below $15 unit nav? They don’t pay their dividend, so they put that extra cask back in the fund to try and boost unit nav for next month?
Exactly 👏 . It’s essentially a failsafe to preserve the fund long term . All income generated for the class a shares ( including covered calls ) is kept within the fund , helping it to recover .
Good Video but maybe a day too early. Would your opinion change now that on the 15th of Nov. BK has changed its dividend policy and is targeting a distribution around 15% quite a bit more than your other options
I just saw that , I’ll have to check it out . But I doubt it will change my opinion for what I prefer . But like I mentioned in the video , bk and pic are also good options
Really love the video, Adrian. Canadian banks make for great investments so it’s a great video in my opinion. I feel like it should be noted that often times leveraged funds are not designed to be held long term, and are more for trading purposes because of “drag”. I encourage people to look this up before investing. That being said, I don’t think this ETF uses derivatives so I don’t think this “drag” applies.
Thanks for sharing this Canadian Banks ETF comparison! I hope you can also make an ETF comparison by sector such as utilities, consumer staples, industrial etc, and regions - emerging markets etc.
Looking into this further, there are expectations of 20% to 25% dividend increases along with share buybacks. There is a potential for special dividends as well because of 'excess' capital. Any recommendations for ways in which a USA based investors could play this? I took a position in ENB despite the 15% tax and might want to do the same here with one or two Canadian banks that trade on US exchanges.
Yes, that is a fee that every investor has to pay. Wealthsimple is just a broker that helps you buy the shares. The management fee is deducted before you get your distribution. You don't even see it being taken.
I am a new investor SBC I know contains the top 5 banks but Where to I look to see what percentage is in a particular bank, tried Morning star, do I have to buy the premium package. Any advise will be appreciated.
Buongiorno mi amico. I've kind of moved away from PII investing and more into growth, however, I am still holding HYLD and Canoe EIT as they are quite solid. Anyways I'm kind of conflicted in terms of the financial sector, in my RRSP I'm holding VCN which I know is somewhat heavy in financials, I'm currently holding ZWB but the MER on these are quite high so as mentioned I'm feeling a bit conflicted on if i should just switch to individuals, however I like the equal weighted ZEB as it has lower MER. With that said HCA looks like an amazing option also (up 30% since inception - which could have to do with the quantitative easing during pandemic??), I'm just trying to minimize risk as I'm more into growth (however i still really enjoy your channel :D ) so I'm thinking that maybe ZEB might be the right choice for myself. Any input in much appreciated, grazie mille.
@@PassiveIncomeInvesting I actually think I'm going with HCA! I really like the mean reversion strategy. But I look forward to these videos! Thank you! :D
For SBC : because there are about 9% US holdings that pay dividends, is the 15% withholding tax automatically applied before the dividends come into your account? Or do you need to do anything about the withholding tax?
Hey Adrian! I hope all is good! I know I am way off topic here, but I have a burning question. Do you know of any ETFs, Income funds or Split funds that pay a Quarterly Distribution during the months of February - May - August and November? An odd question, I know. Just trying to balance my Dividends and distributions, but I can't seem to come across anything interesting that distributes during these months... If anyone can weigh in here, I'd be super appreciative.
I personally don't invest in anything that pays quarterly...... monthly dividends ONLY for this guy! From what I can see Adrian is the same way that's why I love his channel.
Hey Great video. With Inflation being a hot topic in the last few weeks. What do you think and/or are doing to protect your portfolio against inflation?
great analysis and recommendations. i own all 6 banks individually and zwb and sbc for income since I am closing in on retirement. I will take a look at BK and PIC.A since I am now more focused on passive income then growth. Would like your opinion on IEP as an income and growth investment. Thanks.
Icahn Enterprises LP IEP isn't this a Limited Partnership? I made my money and dumped it. As a limited partnership in the States dividends will be taxed at almost 40%. So if Your American than your golden.
@@tcmazz It is an LP. tax rate around 37%. but I if I hold outside of my rrsp should I not be able to claim foreign tax credit on taxes withheld. Would I just need marginal tax rate of 37%.
For cic ? Yes of course … it’s a different fund but they hold the same thing , and have the same covered call strategy . Fie has no covered calls so it’s a bit more growth oriented with less yield
Then be patient and wait for a market correction if you're cautious. BUT be warned if you're afraid...... you will always miss great opportunities in the market.
![ILLSLICK - WINTER IS COMING [Official Video]](http://i.ytimg.com/vi/dwTMeM1zIhQ/mqdefault.jpg)
So any changes to recommendation with todays announcement of BK.TO going from 10% of NAV to 15%?
Yeah … bk might be the best option now for income focused investors . 😎
i'd like to hear more thoughts on this one now!!!!!
@@PassiveIncomeInvesting Are you buying BK today?
@@PassiveIncomeInvesting And probably now back to SBC with the pending split. Wow, things can change quickly.
lol they do . Competition is good !
Great Analysis. HCAL is very interesting pick. Let’s jump in next week.
Great video as usual. I added SBC to my portfolio at the beginning of this year. So far it's up by 32.22% and the book yield is at 9.90%. Can't be happier. 👍
I buy individual bank stocks but I also invest in ZWC and HDIV and GDV so I am well covered in bank stocks I will look into HCAL I like the method they invest by
Thanks for all your work on the Hamilton ETFs
I hold SBC and TD.to I also have ZWC which holds a good chunk of the banks and coward calls. EIT also gives me some banks and even my GDV holds some banks. Well covered in the banks .Thanks Adrian
I love this guy.
Thanks to him I started investing in Canada !
Hey, I've been watching your content for a while now and I wanted to say how useful your insight is. It's nice to see that someone is so passionate about long-term investing compared to other folks. There's a lot to learn from your channel and your package, so keep up the consistent work!
Question: How to know when monthly dividends come in? I recently purchased many ETFs, but have no idea if it's every 1st day of the month or 30 days prior of the stock purchase?
Thanks for the feedback !! You can see the layout dates either on the funds website ( best place ) or your broker
Thank You! That makes sense.
Thanks - great analysis! You didn’t mention that HDIV has 1/7th ZWB in its holdings, and several other of the funds that you recommend have a majority of holdings in the big 6 Canadian banks - like FTN and LBS to name a few. ( And to lesser extent- DS, DFN, DGS, and GDV ) - so holding those also give you exposure to the Canadian banks.
I was surprised there was no mention of FTN.
That’s true ! I wanted to stick purely with the banks in this video . Almost all Canadian funds will have a big chunk in the bank . Lbs , Ffn , dfn etc all have a nice chunk in the banks
HCAL! I read elsewhere, and it seems to be true, that the Canadian banks kinda rotate in and out of oversold undersold positions. I dont have the skills-time to estimate that, but I'd pay HCAL to do that for me. I like owning some bank shares as well. I went with CIBC during covid because they seemed to fall the most and had the most to gain, then switched to BMO in June.... Shoulda stayed with CIBC a bit longer than I did! Thus proving my theory that I dont have the skills or time to make accurate estimates in this matter.
Exactly , just get hcal !
@@PassiveIncomeInvestingended up going with SBC after comparing some charts, etc. And get some US banks in my portfolio.
Lol charts , screw the charts 😉
Watched and liked, thanks Adriano!
Many thanks!
I am a U.S. resident and U.S. citizen.
I attempted to look up each of the ETF ticker symbols which you noted on my investment platform (Schwab), but did not get any results.
In order to take positions, must I go through special trading procedures with a live broker to purchase these funds?
Also, given the currency risk ($C vs. $U.S.), is it worth it for a U.S. citizens and resident to take advantage of these ETFs. It may seem better from an FX and tax perspective to incest in these Canadian Banks individually and in proportion to these funds' holdings.
I would appreciate your thoughts and feedback.
Your broker needs to have access to Canadian listed securities for you to buy them .
Any thoughts from the community on Aberdeen Asia Pacific Investments (TSX: FAP) on their move to Singapore, return of par value and new investment policy? would there be a change to distributions too? I was going to pick up a little more since it's already trading at a discount, but perhaps it will change when they execute in mid-December?
Hopefully we get a big bonus distribution 😎
Great video, thanks for all the information , I currently hold ZEB but interesting points on HCA. Just curious @5:33 you show performance of HCA and the “Big 5” Canadian banks , I am wondering what it would look like instead next to ZEB which holds the Big 6 banks, which includes National Bank I believe? Just wondering if that makes a difference… thanks for all the information I will continue to follow your channel for investing tips
Hca has all 6 . It beats zeb but by a tiny bit . But it has a higher fee so …. Almost probably even . They are the 2 basic options
HCAL is a very nice ETF and performs really nice compared to other etfs. It appreciates in value and gives nice yield
You are inspirational.
I am way behind though.
You choose mostly Canadian ETFs because America demands a 15% withholding Tax?
I have a Canadian trading account (Questrade), but hold only US stocks like Apple, etc. do I pay, also, a 15% tax?
Please watch my 2 tax videos
Another great video . Thank you !
TFSA just announced its contribution limit for 2022 and it is another 6,000$ wooo! 👍81,500 now
Yup.... use it wisely. Don't make the same mistake I did for years & invest in non dividend (mostly small stocks) stocks in your TFSA. My TFSA account at its worst point was down 80% from my contributions. About 3 years ago I finally decided to go with dividend only paying stocks/funds/etfs in my TFSA account.... now I'm around 60% over my contribution amount with most of my gains in the last 20 months.
Good lessons learned ! Thanks for sharing
Question: what happens to split share funds that drop below $15 unit nav? They don’t pay their dividend, so they put that extra cask back in the fund to try and boost unit nav for next month?
Exactly 👏 . It’s essentially a failsafe to preserve the fund long term . All income generated for the class a shares ( including covered calls ) is kept within the fund , helping it to recover .
Thanks for this. I have been meaning to know the difference between ZEB and HCA.
You are really great, thanks!
Adrian, great presentation ...Would you recommend trading SBC from a TSFA account, since the holding is mainly US stocks ?
Thank you again,
Michael V
?? Sbc is like 92% Canadian bud
Even FTN is 60% Canadian banks...... what are you thinking of?
Cold
I use RBNK mer 0.33 and about 10.00 cheaper per share than ZEB .
Love you Adrian your da best ❤
thanks adrian really intesting
peace ,fred from montreal !!!!
Good Video but maybe a day too early. Would your opinion change now that on the 15th of Nov. BK has changed its dividend policy and is targeting a distribution around 15% quite a bit more than your other options
I just saw that , I’ll have to check it out . But I doubt it will change my opinion for what I prefer . But like I mentioned in the video , bk and pic are also good options
Really love the video, Adrian. Canadian banks make for great investments so it’s a great video in my opinion. I feel like it should be noted that often times leveraged funds are not designed to be held long term, and are more for trading purposes because of “drag”. I encourage people to look this up before investing. That being said, I don’t think this ETF uses derivatives so I don’t think this “drag” applies.
Sbc and zwb use conferees calls
Excellent as usual Adriano 👌
Thanks again for the info, Adrian. Much appreciated.
Should I sell all my bank stocks and buy hcal or SBC?
Depends on what you want ! Or how obsessed with management fees you are 😎
If any investments are outside your TFSA or RSP be mindful of any capital gains tax you might be paying before you sell them.
@@PassiveIncomeInvesting elaborate
Thanks for sharing this Canadian Banks ETF comparison! I hope you can also make an ETF comparison by sector such as utilities, consumer staples, industrial etc, and regions - emerging markets etc.
Nice video. Thanks - what is the meaning of"no leverage"?
The fund does not use leverage ( borrowed money )
I still own individual bank stocks, so thx for sharing these!
same. why buy an ETF for 5-6 banks?
Did you not watch the video ?? Lol
No
So then you are you commenting ?
@@PassiveIncomeInvesting free world last time i checked
Looking into this further, there are expectations of 20% to 25% dividend increases along with share buybacks. There is a potential for special dividends as well because of 'excess' capital. Any recommendations for ways in which a USA based investors could play this? I took a position in ENB despite the 15% tax and might want to do the same here with one or two Canadian banks that trade on US exchanges.
Find a broker that will allow you to invest on the Canadian market
Do we pay this management fee even if we use Wealthsimple?
Yes, that is a fee that every investor has to pay. Wealthsimple is just a broker that helps you buy the shares. The management fee is deducted before you get your distribution. You don't even see it being taken.
What about BK (Canadian Banc Corp)????
I am a new investor
SBC I know contains the top 5 banks but
Where to I look to see what percentage is in a particular bank, tried Morning star, do I have to buy the premium package.
Any advise will be appreciated.
Did you watch the video ?? I show this
Buongiorno mi amico. I've kind of moved away from PII investing and more into growth, however, I am still holding HYLD and Canoe EIT as they are quite solid. Anyways I'm kind of conflicted in terms of the financial sector, in my RRSP I'm holding VCN which I know is somewhat heavy in financials, I'm currently holding ZWB but the MER on these are quite high so as mentioned I'm feeling a bit conflicted on if i should just switch to individuals, however I like the equal weighted ZEB as it has lower MER. With that said HCA looks like an amazing option also (up 30% since inception - which could have to do with the quantitative easing during pandemic??), I'm just trying to minimize risk as I'm more into growth (however i still really enjoy your channel :D ) so I'm thinking that maybe ZEB might be the right choice for myself. Any input in much appreciated, grazie mille.
stay tuned my friend, i got a video on the banks upcoming in the next 2 weeks. there is a better option than ZEB, 2 actually....
@@PassiveIncomeInvesting I actually think I'm going with HCA! I really like the mean reversion strategy. But I look forward to these videos! Thank you! :D
I like having banks indivually. But no reason you can't own a CC ETF as well.
True !
For SBC : because there are about 9% US holdings that pay dividends, is the 15% withholding tax automatically applied before the dividends come into your account? Or do you need to do anything about the withholding tax?
No
@@PassiveIncomeInvesting thanks for the reply:) I’m not sure if “no” is a response to my first or second question?
lol sorry , there’s no 15% tax it’s Canadian listed ! It’s all handled internally and seamlessly by the fund manager
@@PassiveIncomeInvesting oh sweet! I thought the withholding tax applied based on the stocks within the ETF. Good to know!
All that matters is the exchange it’s listed on
How will increased bank dividends affect split share funds? Will preferred shares benefit more? Or equal?
I would say both ! Because dividend increases also raises share prices
Hey Adrian! I hope all is good! I know I am way off topic here, but I have a burning question. Do you know of any ETFs, Income funds or Split funds that pay a Quarterly Distribution during the months of February - May - August and November? An odd question, I know. Just trying to balance my Dividends and distributions, but I can't seem to come across anything interesting that distributes during these months... If anyone can weigh in here, I'd be super appreciative.
Hey dude , nope not aware of any … sorry
I personally don't invest in anything that pays quarterly...... monthly dividends ONLY for this guy! From what I can see Adrian is the same way that's why I love his channel.
What do you think about dgs.to do you still think it's a good investment for your money??
I like it ! I wouldn’t own if I didn’t !
What is the advantage of buying a bank fund over buying individual bank stocks?
Simplicity , safety … or to get more income . Did you watch the video ?
@@PassiveIncomeInvesting I watched the video. Your videos are very educational! Thx!
Hey Great video. With Inflation being a hot topic in the last few weeks. What do you think and/or are doing to protect your portfolio against inflation?
I think you may be new to the channel? He's discussed this over the past couple of months. Basically, be fully invested is his answer.
Buying more stocks ( assets) ? Check out my inflation video
1st! Great video! Thanks for the info.
great analysis and recommendations. i own all 6 banks individually and zwb and sbc for income since I am closing in on retirement. I will take a look at BK and PIC.A since I am now more focused on passive income then growth. Would like your opinion on IEP as an income and growth investment. Thanks.
Iep looks good to me … for an rrsp for sure
Icahn Enterprises LP
IEP isn't this a Limited Partnership? I made my money and dumped it. As a limited partnership in the States dividends will be taxed at almost 40%. So if Your American than your golden.
@@tcmazz It is an LP. tax rate around 37%. but I if I hold outside of my rrsp should I not be able to claim foreign tax credit on taxes withheld. Would I just need marginal tax rate of 37%.
Ah , I won’t be getting it then …. Too bad !
legend!
ZWC or ZDV?
What about the RBNK ETF ?
What’s that ?
@@PassiveIncomeInvesting a CAD financial ETF
I see nothing special about it .
Could you do a video for children RESP?
What do you think of FIE and CIC?
Cic is a replica of zwb . Fie is good . A. It if both Income and growth
@@PassiveIncomeInvesting Thank you. The dividend is different.
For cic ? Yes of course … it’s a different fund but they hold the same thing , and have the same covered call strategy . Fie has no covered calls so it’s a bit more growth oriented with less yield
@@PassiveIncomeInvesting Thank you for your quick response.
Do u invest in btc or eth?
lol no
Does adding ETFs inside an ETF cause double billing?
Not if it’s the same provider
I don’t understand what happens if I own TD stock but also own a financial ETF that holds TD?
Xtd looks intresting ..its like ENS but for td instead of embridge
That’s exactly what it is but not as good as ens
Thanks, Adrian. What about LBS.TO? It has performed better than the bank ETFs listed here so far this year. I guess LBS has higher risk?
Yes a little higher risk but good . I excluded it simply because I wanted to focus only on the banks but lbs is another great option
Have you watched the movie 'The Big Short'? Opinions on investing in banks after having watched this movie.
Were any of them Canadian in the movie ? . Don’t be silly dude lol
@@PassiveIncomeInvesting So you're saying your portfolio contains Canadian banks but not American banks because they are so much more ethical? lol
I own both Canadian and American . All worried bro … I’m a stoic . I’ll survive
@@PassiveIncomeInvesting Just like Bud Fox (Charlie Sheen in Wall Street)
Yup ! Lol
Do you work for pubcos as clients? If so, would like to chat with you
I don’t work for anybody , and never will ever again 😎 check my website , I offer a consultation service
Where do you see ZEB in the next 2 years ?
I have no idea , I don’t speculate . But if history can teach us something it’s to never bet against the big Canadian banks !
For the algorithm
what about ZWC ?
What about it ? It has more than just the banks . This video is for the banks specifically
@@PassiveIncomeInvesting I see. Thanks :)
SBC fTW !!!
PIC.A December 13th Sheeeesh
At least it wasn't Friday the 13th
??
Great video!!! I’m just holding TD, CM, BNS & ZWB, Thinking of adding some HCA or even HCAL.
Great ! You know where I stand now 😎
I am being cautious on the market. Everything is overbought .
It usually is lol
Then be patient and wait for a market correction if you're cautious. BUT be warned if you're afraid...... you will always miss great opportunities in the market.
HCAL MER is at 1.06%
Ok thanks ! . For a leveraged fund that’s pretty low right ? If you would invest with margin , what would your MER be ? Much higher than 1.06 right ?