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.
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....
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!
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! =)
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
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 😎
In case you want a tutorial of the new look of Questrade or if you want to switch back to the old version (I like the old version MUCH better) check out my tutorial here! =) th-cam.com/video/PLyG_ipZhfE/w-d-xo.html
I know I cram a TON of info in my videos in the interest of not wasting anyone's time. If you want, feel free to slow the video down (hit the gear and reduce the playback speed) or watch the video again and take notes =)
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. th-cam.com/video/ouyXwaTOfhU/w-d-xo.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! =)
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 =) th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
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?
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.
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 ?
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 =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
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?
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 =) th-cam.com/video/s4cBibLATOU/w-d-xo.html
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! =)
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! =)
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.
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 =)
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! =)
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! =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.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 =)
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 =)
Thanks for an another helpful video! also qq , regarding dividends is it possible to get it directly deposited to one’s bank account every quarter or can I transfer just the dividend paid from Questrade account to a banking account, if so is it gonna affect my contribution room in TFSA for withdrawing funds?
The dividends are automatically paid into the account where the stocks or ETFs are held. So if you own this ETF in your TFSA, you will receive cash inside your TFSA. You can then choose to withdraw these funds into your bank but this will count as a TFSA withdrawal =)
Would I have to pay the fees (MER) that he said if I'm trading with Wealthsimple? Or is that mer applicable while using quest-trade? (New to canada and the finance sector.. so bare with me lol).
You got it Erwin! March was a hectic month for me with closing on a new rental property (which I will talk about soon) but I'm back to focusing on TH-cam once again! =)
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
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 =) th-cam.com/video/h9G1CV-oujI/w-d-xo.html
What type of investing account should you use to invest in high dividend stocks? I understand that your TFSA would be the best to avoid taxes on those dividends, but wouldn't you end up hitting your yearly cap pretty quick if you continued to reinvest those dividends as well as your own money into your TFSA account? Or is it not that big of a deal to use your own personal trading account as long as your contributing to your RRSP to help with the taxes brought on by the dividends / stocks?
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!
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 😅
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! =)
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 there, great video - as always! 2 questions, the first one is, where do you check the TTM? In Questrade it just says "yield", would this be the actual TTM or do you look for it elsewhere? Also, will you make a video about margin accounts (and tax implications of margin accounts)?
Hey Chrissy! Questrade will usually display the forward yield, meaning they take the dividend per share, and then annualize it (multiply it by 4 or 12 for the total yearly amount) then dividend by the current share price. When it comes to ETFs, I suggest checking the fund's website like Vanguard or BlackRock to see the Forward Yield and the TTM yield and then you can calculate the TTM yield yourself by adding up all of their dividends over the past 12 months =)
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
Thanks for this Video Adrian! I wanted to know if the videos you made when it comes to understanding the Canadian tax guide is still up to date? Like the video you made on how taxes work in Canada?
Absolutely! The only thing that isn't fully up to date is the tax brackets since they change slightly year to year but other than that, it's ALL still relevant! =)
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 😅
Those are great options too! But VFV doesn't belong on this list since it tracks US companies. Also XIU is a fantastic choice but it only tracks 60 companies whereas XIC tracks 4 times as many and XIU is significantly more expensive in terms of the management fees. But really, XIU is still a great choice! I just prefer XIC to gain exposure to more companies =)
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
Great video as usual!! I was trying to find the best (or really good) ETFs for growth, any suggestion? thanks you in advance and keep producing great content!
@@CanadianTShirt I was just scrolling through all your ETF videos to see if you’ve done a video on “Canadian growth” ETFs. I feel like it might be the missing piece of my portfolio puzzle. I’ve been researching and found great, US growth, US dividend, Canadian dividend, and REIT ETFs. All of which are ones you also like/own (which is a pleasant bonus). But I’m struggle to find a good “Canadian growth” option. Looking forward to your video on that subject (if such an ETF exists).
Hi Adrian, thank you very much for your videos. They are very detailed and well explained. In fact, thanks to your videos, it made me start on investing. I do have a beginner question: Would an all in one ETF a good idea for beginners since it diversifies not only across sectors, but regions? What is your opinion on these type of ETFs? Just asking because it seems quite difficult at the beginning to build a portfolio. Thanks again and keep doing your great work!
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).
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! 😅
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! 🙂
I explain how it's so important to focus on the LONG TERM when it comes to investing! No matter how high you think the market is, in the long run, it will always continue to grow so take advantage of that! =)
Should i concentrate on getting drip first on these etf , and then change % on them once i reach the drip requierement. Or , just stick to my % for each i decided to go with.
Diversification is the name of the game! I know how tempting it is to focus all on one holding to lock in that DRIP as soon as possible but it is better to spread it out among multiple stocks and ETFs and slowly build your way up to a DRIP across the board
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 =)
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!
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! =)
Such well spoken valuable information here, great to see another one! I was hoping if you could maybe drop a video on Evolve ETFs, that would be great thanks!
Thank you Reyo! When it comes to ETF providers, I tend towards the established staples like Vanguard and Blackrock since they literally invented the ETF and charge the LOWEST management fees by far! But I will look into Evolve =)
Unfortunately no! That's one of the limitations of WealthSimple, they don't offer DRIPs. Check out my DRIPs Explained video where I show you how to setup DRIPs with Questrade instead =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
@@CanadianTShirt Thanks man. You rock, keep helping finance noobs like myself! 21 years of education and an MSc were not as useful as your channel, and I mean it! 🦸♂️💰
Great video! What do you think of ZAG (bond ETF) to be purchased alongside these three ETFs in a portfolio to reduce the risk of an otherwise stock-only portfolio?
At my age and point in life, I hardly have any money in bonds but ZAG is one of the main bond ETFs that I invest in! As I get much older and approach retirement, I expect to beef up my position in ETFs like ZAG =)
Thank you for those kind words, that's what I LOVE to hear! Make sure you watch my playlist Millennial Investing Guide to learn ALL about investing for BEGINNERS! 😁 th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
Don't get me wrong, growth is also fantastic in a TFSA but capital gains are taxed at a smaller rate than dividends and distributions. That's why once your TFSA is maxed out, I would rather hold growth stocks in my taxable accounts. I prioritize the dividends and REITs in my TFSA to gain a better tax benefit =)
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Check out my Favourite Canadian & US Stocks, ETFs and REITs to buy for the long term! 👇
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And my Millennial Investing Guide to learn how to invest from square one! 👇
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And my Canadian TAX GUIDE to maximize your investment returns! 🇨🇦
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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! =)
@@CanadianTShirt Thank you so much Adrian!!!...:)
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! =)
Thank you 🙏
Not all heroes wear capes, some wear t-shirts
hahaha that made my day! 😁
Brilliant haha
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 $700.00/month tax free.
Thanks
How many shares would you need to own to receive over 700$ per month?
@@annelieseharrison9027 : Excellent question.. still waiting on an answer.
@@annelieseharrison9027 probably quite a bit.
@@annelieseharrison9027 aoround $70,000 if you are getting paid an average of 10% yearly...which looks like he's getting paid that much
This is the best investment channel of all times. Thank you sir!
Wow! That is certainly high praise! Thank you so much for those kind words and I'm so happy to hear that my videos have made an impact! =)
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....
That's what I LOVE to hear! I'm glad you found my channel and I'm so happy to hear that my videos are helping you! Keep it up and welcome! 🇨🇦
Great videos with awesome information! Well done!
Thank you! I'm glad you found it helpful! =)
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!
That makes sense! And yes XIC encompasses all of the holdings of XEI. I invest in both ETFs quite heavily =)
I found your videos very insightful and yet simple to follow.
I appreciate that! That's what I try to do! 🙏
I love EFTs. I have a few of them such as HDIV and HYLD and they pay 10 to 13 percent.
This guy is the real MVP, thank you 🙏
Thanks buddy! I really appreciate those kind words! =)
adrian you are absolutely amazing. No words can describe how grateful i am for your videos. Please POST MORE OFTEN🥺
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! I'm looking for more recommendations for Canadian ETFs. Are you planning to make an updated video?
Thank you for all of your work!
You read my mind! I will DEFINITELY be making an updated version of this video very soon! Stay tuned! =)
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
Always learning something new from these videos! Taking away the management fee from the div yield is a great way to think about it
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!! I'm taking lots of notes.
I'm happy to hear that! Best of luck! =)
Thank you for your videos. You’ve explained everything very well. Just opened an Questrade account after seeing many of your videos. Thanks again.
I'm so happy to hear that Ada! I'm glad my videos were useful to you and I hope you used my referral link to get that $50 signup bonus! =)
In case you want a tutorial of the new look of Questrade or if you want to switch back to the old version (I like the old version MUCH better) check out my tutorial here! =)
th-cam.com/video/PLyG_ipZhfE/w-d-xo.html
This is gold! Excellent video for us who are just starting 👏🏻👏🏻👏🏻
Thank you! That's what I try to do! I want to make my videos as accessible to everyone, including beginners! =)
new follower here, my brain hurts trying to keep up however. great content, ill be sure to keep watching and trying to grow my own portfolio.
I know I cram a TON of info in my videos in the interest of not wasting anyone's time. If you want, feel free to slow the video down (hit the gear and reduce the playback speed) or watch the video again and take notes =)
@@CanadianTShirt awesome thanks for the tip, I did not know that was possible, will do.
Exactly what I am looking. Thank you Adrian. First time to hear about ETFs. Looking forward for more videos👍
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.
th-cam.com/video/ouyXwaTOfhU/w-d-xo.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! =)
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 =)
th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
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?
Thank you so much for your content!
What do you think about XIU compared to XIC and XEI?
Great video Adrian!! Keep it up. Cheers
Thank you Cesar! I really appreciate that! =)
Thanks for another great video. I got my start in investing because of this channel. 2+ years now, glad I did!
That's amazing and exactly what I LOVE to hear! I'm so happy that I was able to play a role in your investing journey. Keep it up! 😁
@Canadian in a T-Shirt Hi, Adrian. Great video, as always! I am also looking forward to your video on the margin account!! Keep up the great work!!
You got it buddy! I am working on a new Questrade video this week and I'll be making a Margin video soon! =)
MORTAL KOMBAT! Great vid as always Adrian. Thanks for ETF refresher. XEI has been great for me since the start of the pandemic.
hahaha thanks buddy! Ya XEI has been one of my best investments especially since I bought heavy during the crash! It's been a FLAWLESS VICTORY 😎
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.
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 ?
Thanks for the comparison, very helpful!
I'm happy to hear that! Thanks for watching! =)
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 =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
This blew my mind. Absolutely amazing explanations!
That's what I LOVE to hear! Make sure you check out the rest of my Stock Pick Recommendations! These are the videos in the light blue thumbnails =)
Here's the playlist if you want to check them out!
th-cam.com/play/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB.html
Great video. thanks for all the info!
It's my pleasure! I'm glad you found it helpful! =)
Thank you for sharing this valuable information Adrian.
It's my pleasure! I'm glad you found it helpful! =)
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?
Absolutely it does! So the book value will be the average share price that you bought directly AND the shares bought automatically through DRIPs!
Great overview as usually. Thank you. Hope you well 👍🏿
Thanks Neville! I always appreciate your kind words! Hope you're doing well also! 🙂
@@CanadianTShirt My pleasure. Just glad you are doing well. I am good thank you
Just found your channel! Subscribed
Thank you Enid! Welcome to the channel and I'm glad you found me! 🙏
This information has been golden for me. Keep it up 👍
Thank you so much for those kind words! I'm happy to hear that you've found my videos so helpful! =)
Great video. I had no idea I could have stocks in a TFSA.
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 =)
th-cam.com/video/s4cBibLATOU/w-d-xo.html
love your videos m,an prob the best candian utuber for investments whens the update video for Best CANADIAN ETFs for DIVIDENDS for 2024 !
Wow! Thank you so much for those kind words! I really do appreciate it! 🙏
I'll be making an updated video soon! =)
thank you so much for the video, I got a question about buying these stocks in my FHSA, would you guys recommend 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! =)
Epic as always!! Thanks for the info dude!!
Will you be doing any crypto videos?? Asking for a friend LOL jk just curious. Love your videos ❤️
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 really are a great help I learned a lot. Thank you Adrian. keep it up.
Thank you so much Maegin! I'm so happy to hear that you found my videos helpful! =)
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.
Hey, another very good and timely video! One question: Is it possible to buy S&P/TSX Energy (SPTTEN) on QuesTrade? Or is it just an Index. Thanks!
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 =)
Hi Adrian, if my portfolio is losing money with my advisor, do you recommend that I transfer it now to questrade or wait till it bounce back?
Hey Adrian, what’s your view on XEQT? There’s a lot of hype on it but it seems to be kinda volatile
I think XEQT is a GREAT option for passive, hands-off investors! You can just set it and forget it
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! =)
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! =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.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 =)
thank you for that video very well explained!!
Thank you! I'm happy to hear you found it so helpful! 😁
Awesome information ! Just wondering how to join your exclusive channel .
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 =)
@@CanadianTShirt ahhh ok got it 👍🏻 thank you so much !!
Thanks for an another helpful video! also qq , regarding dividends is it possible to get it directly deposited to one’s bank account every quarter or can I transfer just the dividend paid from Questrade account to a banking account, if so is it gonna affect my contribution room in TFSA for withdrawing funds?
The dividends are automatically paid into the account where the stocks or ETFs are held. So if you own this ETF in your TFSA, you will receive cash inside your TFSA. You can then choose to withdraw these funds into your bank but this will count as a TFSA withdrawal =)
Would I have to pay the fees (MER) that he said if I'm trading with Wealthsimple? Or is that mer applicable while using quest-trade? (New to canada and the finance sector.. so bare with me lol).
Thank you for that! It's nice to you again!
You got it Erwin! March was a hectic month for me with closing on a new rental property (which I will talk about soon) but I'm back to focusing on TH-cam once again! =)
I'm all in xdv. I also started a position in xch and xre. working out building Bitcoin too.
I see you're a big fan of BlackRock huh? Great choices! But throw in some Vanguard or BMO ETFs as well! You don't want too many X's 😉
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
Excellent rundown of these ETF's! Thanks much!
It's my pleasure! I hope you found it helpful and happy investing! =)
Could you do a video on how to research a stock. Where to find out dividend info and how often they pay them.
Way ahead of you! I answer all of those questions in my Dividends Explained video here! =)
th-cam.com/video/6xzfgObXxvU/w-d-xo.html
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 =)
th-cam.com/video/h9G1CV-oujI/w-d-xo.html
Excellent information, thank you!
It's my pleasure Natasha! Happy investing! =)
Great vid my man!
You got it Manpreet! Thanks for watching! =)
love the content !!
Thanks Tenzin! I'm glad you found it useful! =)
What type of investing account should you use to invest in high dividend stocks? I understand that your TFSA would be the best to avoid taxes on those dividends, but wouldn't you end up hitting your yearly cap pretty quick if you continued to reinvest those dividends as well as your own money into your TFSA account? Or is it not that big of a deal to use your own personal trading account as long as your contributing to your RRSP to help with the taxes brought on by the dividends / stocks?
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!
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 😅
DCA on all 3! Thanks.
That's what I LOVE to hear! Keep it up! =)
wow! that is so helpful video, thank you!
Thank you Alemash! I'm happy to hear it was so helpful! =)
Thank you so much ...knowledge is power....
I'm happy to help! You're right, never stop learning! =)
Hi there, do you recommend XIC or XIU?
They are both great but I prefer XIC because it's more diversified. It contains everything in XIU and then some =)
Thanks for the update! I keep forgetting about the small amount of cash sitting in my account. These new ETFs will put that to good use!😄
You got it buddy! There's no point in leaving $50 in cash just sitting there collecting dust! Use it to buy a share or two of these ETFs =)
Hej Dude, would you consider XHU? thanx for your consideration
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! =)
Hello my friend. What's your opinion on Covered Call ETF stocks? Thank you!
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 there, great video - as always! 2 questions, the first one is, where do you check the TTM? In Questrade it just says "yield", would this be the actual TTM or do you look for it elsewhere? Also, will you make a video about margin accounts (and tax implications of margin accounts)?
Hey Chrissy! Questrade will usually display the forward yield, meaning they take the dividend per share, and then annualize it (multiply it by 4 or 12 for the total yearly amount) then dividend by the current share price. When it comes to ETFs, I suggest checking the fund's website like Vanguard or BlackRock to see the Forward Yield and the TTM yield and then you can calculate the TTM yield yourself by adding up all of their dividends over the past 12 months =)
Absolutely I will! I will be making a whole video on the Margin account and how it is taxed, stay tuned! =)
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
Thanks for this video! Please do one for the best US ETFs! :)
Way ahead of you! Check out my favourite US Dividend ETFs =)
th-cam.com/video/PegMsTfLYt4/w-d-xo.html
Thanks for this Video Adrian! I wanted to know if the videos you made when it comes to understanding the Canadian tax guide is still up to date? Like the video you made on how taxes work in Canada?
Absolutely! The only thing that isn't fully up to date is the tax brackets since they change slightly year to year but other than that, it's ALL still relevant! =)
Ok thank you for the reply. Keep up the good work!
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
Absolutely! Any of these ETFs can be held in any tax-sheltered account: TFSA, RRSP, RESP, FHSA, all of them will be tax-sheltered =)
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 😅
For US investing, Norbert's Gambit with Questrade is infinitely better, both in the short term but especially in the long term =)
It has saved me THOUSANDS over the years and continues to do so =)
Would you recommend XEI and XIC over something like XIU? I currently own XIU and VFV shares and am wondering if I need to be more diversified
Those are great options too! But VFV doesn't belong on this list since it tracks US companies. Also XIU is a fantastic choice but it only tracks 60 companies whereas XIC tracks 4 times as many and XIU is significantly more expensive in terms of the management fees. But really, XIU is still a great choice! I just prefer XIC to gain exposure to more companies =)
XIU is one of the biggest ETF in Canada with over 10 billion AUM and certainly the OLDEST ETF in Canada. XIU is a core Buy and hold forever ETF.
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?
I haven't heard of it until now. When I hear Grifin, I think of Griffin Milks, a fellow Canadian finance TH-camr 😆
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
@@CanadianTShirtheard about them on rich habits podcast episode released this morning
@@CanadianTShirtthanks for your prompt response and guidance as always
@@CanadianTShirtI like the idea of tracking where we spend our money and buying stocks in those companies in an automated way
Great video as usual!! I was trying to find the best (or really good) ETFs for growth, any suggestion? thanks you in advance and keep producing great content!
There's a ton to talk about with Growth ETFs and I will be making a whole video about that so stay tuned! =)
@@CanadianTShirt I was just scrolling through all your ETF videos to see if you’ve done a video on “Canadian growth” ETFs.
I feel like it might be the missing piece of my portfolio puzzle.
I’ve been researching and found great, US growth, US dividend, Canadian dividend, and REIT ETFs. All of which are ones you also like/own (which is a pleasant bonus). But I’m struggle to find a good “Canadian growth” option.
Looking forward to your video on that subject (if such an ETF exists).
Hi Adrian, thank you very much for your videos. They are very detailed and well explained. In fact, thanks to your videos, it made me start on investing.
I do have a beginner question: Would an all in one ETF a good idea for beginners since it diversifies not only across sectors, but regions? What is your opinion on these type of ETFs?
Just asking because it seems quite difficult at the beginning to build a portfolio.
Thanks again and keep doing your great work!
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).
Nutrien (NTR) and Arianne Phosphate (DAN.V)
Arianne Phosphate is the biggest in the world for phosphate.
Most of these ETFs have a sizeable position in Nutrien!
I still have yet to buy an ETF, but these are great choices!
I'm glad you found value in this video and I hope you dive into the world of ETFs soon! 😁
Extremely valuable information!
That's what I love to hear! Thanks Mel! =)
What are your opinions on lockheed martin and berkshire hathaway for US exposure
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! 😅
Hello Adrian, are we able to join for few moths until we are more comfortable with ETF investing?
Ok got my answer lol. We can cancel anytime. Thank you so much. I appreciate all your videos and advice.
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! 🙂
why do you prefer quest trade over wealthsimple?
I use wealth simple and If you think quest trade is better I might switch to it
I was wondering that too. But if you trade on US market. Definitely quest trade is better I think.
I hope I am not late to join the market! Very informative video for me! Will definitely buy these. Thank you 🙏
It's NEVER too late to join the market! Check out my video on Stocks Explained:
th-cam.com/video/PelyIDPVoyw/w-d-xo.html
I explain how it's so important to focus on the LONG TERM when it comes to investing! No matter how high you think the market is, in the long run, it will always continue to grow so take advantage of that! =)
@@CanadianTShirt Definitely! Really appreciate it🙏
This is awesome information!
Thank you Fahim! I'm so happy to hear that! =)
Should i concentrate on getting drip first on these etf , and then change % on them once i reach the drip requierement. Or , just stick to my % for each i decided to go with.
Diversification is the name of the game! I know how tempting it is to focus all on one holding to lock in that DRIP as soon as possible but it is better to spread it out among multiple stocks and ETFs and slowly build your way up to a DRIP across the board
It took me YEARS to build up to a DRIP across most of my stocks and ETFs so be patient! It's a marathon, not a sprint =)
what do you recommend for tfsa (automatic dividend reinvestment/canadian/monthly contribution/questrade)?
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 =)
@@CanadianTShirt Thank you very much for replying to my message. I really appreciate that you took the time. Salut!
@@sandesai33 that's what I do! Happy investing! =)
What are your thoughts on Mackenzie ETFs like MGRW MBAL
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!
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! =)
Dude. I love your channel. Thanks for taking the time and for sharing your knowledge. Cheers! (Fellow Canuck)
Thanks buddy for those kind words! I really appreciate that and I'm happy to hear that my videos have provided you value! Happy Sunday! 😁
Such well spoken valuable information here, great to see another one! I was hoping if you could maybe drop a video on Evolve ETFs, that would be great thanks!
Thank you Reyo! When it comes to ETF providers, I tend towards the established staples like Vanguard and Blackrock since they literally invented the ETF and charge the LOWEST management fees by far! But I will look into Evolve =)
Thank you for a great video. If one qualifies, does Wealthsimple Trade support DRIPs?
Unfortunately no! That's one of the limitations of WealthSimple, they don't offer DRIPs. Check out my DRIPs Explained video where I show you how to setup DRIPs with Questrade instead =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
@@CanadianTShirt Thanks man. You rock, keep helping finance noobs like myself! 21 years of education and an MSc were not as useful as your channel, and I mean it! 🦸♂️💰
@@Musa41811 haha thanks buddy! I really appreciate that! A Master of Science is pretty baddass though 😎
Great video! What do you think of ZAG (bond ETF) to be purchased alongside these three ETFs in a portfolio to reduce the risk of an otherwise stock-only portfolio?
It's all-time low right now . It might be a good idea to buy if you believe we are heading into a recession. Just my opinion.
At my age and point in life, I hardly have any money in bonds but ZAG is one of the main bond ETFs that I invest in! As I get much older and approach retirement, I expect to beef up my position in ETFs like ZAG =)
Can i hold this bond etf ZAG in my tfsa???
@@souhilaanki6000 Yes. IShares also has XBB which is equivalent.
Thanks for a well presented video. It is a good explanation of stocks and ETF's. Great info for a beginner or someone like me, kind of a newbie.
Thank you for those kind words, that's what I LOVE to hear! Make sure you watch my playlist Millennial Investing Guide to learn ALL about investing for BEGINNERS! 😁
th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
Hi! Thanks for valuable information. Can you please elaborate more why dividends etf/ stocks are better than growth in TFSA?
I cover this in detail in my TFSA MISTAKES video here =)
th-cam.com/video/s4cBibLATOU/w-d-xo.html
Don't get me wrong, growth is also fantastic in a TFSA but capital gains are taxed at a smaller rate than dividends and distributions. That's why once your TFSA is maxed out, I would rather hold growth stocks in my taxable accounts. I prioritize the dividends and REITs in my TFSA to gain a better tax benefit =)