It matters because VSP actually fails to track the S&P500. If you compare the 5 yr return of VSP to the 5yr return of the S&P500, you'll see that VSP underperforms consistently by close to 2% per year, which is significant
That's a good strategy, if you had a large amount to invest and are planning to hold for a long time, it's worth the hassle, and you will sidestep the 15% US dividend witholding tax, plus reduce the FX fees. It's more advanced, and I don't recommend for beginner investors, but I do like Norbert's Gambit overall.
I need to look up Nobert's Gambit- I don't know what you're talking about. But your comment seems promissing. I am a US-Canadian, living and earning in Candaa in CAD. But I love VOO and still hold it in my US accounts. I am debating just always taking a portion of my pay-cheque, converting it from CAD to USD, and buying and investing in the US. VS holding something like VFV in my canadian RRSP. I also don't know what the US withholding tax is. You get taxed by the US for holding VFV? but not VOO? I also learned as a canadian-american, I should not have a TFSA because those gains are taxed by the US. But RRSP are okay. So I just want some kind of vehicle to invest in- set it and forget it. But I think if I do the leg- work in the beginning of figuring out the "BEST" way. It will save me headache in the future. I am 22.
Rebalancing is necessary if you combine this with another ETF. Yes just VEQT is enough, if it matches your risk tolerance levels and investor needs, but it is only equities so it could be quite volatile.
Ok. I am also checking out some of your other material and videos, and I also subscribed to your newsletter, and it is really great stuff!!! Thanks Chris!
As a Canadian, I want to know my options on what apps/trading platform/brokerage I can use to buy fractional shares of DowJones. Dow Jones is upwards of $33,000 so I can not afford to buy the whole. Also, Wealth Simple would not let me buy Dow Jones at all. Also, I want to trade intraday so I am looking to invest in index and not EFTs. Indices are more volatile, which is what I'm looking for.
possibly look for online brokers that you can do yourself like quest fade or wealthsimple trade. these are way lower fees about 0.5% compared to 2% with banks
there are a lot of investment options ( real estate,stocks, crypto, airbnb,) but my best advice is to get the services of a good profesional who will lead you into a successful and profitable one...
@Berman Trader know problem with that ,i recommend the services of virginiamayregan she help alot she as been very influencial to my financial journey ,mrs Virginia a US based financial consultant and analyst....
Wait so does that mean it’s not smart to invest in both markets , say I bought VFV , and then I bought a lot of VEQT would this be betting agaisnt myself ?
I would replace VEQT with something else in that scenario. You're paying a higher MER for the rebalancing of VEQT, but not getting the benefit of it in your portfolio because you are combining it.
Okay, thank you. I understand. Maybe I can do 10% vee, 50% vfv, 20% VIU, 20% VCN I don’t want to rebalance though. Just keep buying and holding and no rebalance what do you think ?
Hey Chris, i'm currently 23 years old living in Canada with my account on Questrade. I wish to invest monthly in the S&P500 for the next few years (at least 10y). Not too sure which one to choose... Any help?
Is scalping for two days with 50000 $ in one stock, for few more shares for the purpose of long-term investing with a TFSA account is going to cause problems with CRA ? I made my 831 shares to 950 with scalping in two days ... made each share cost around 30 $
It depends on if you're using it to create business income. If the purpose is long-term investing as a personal investor you should be able to argue your case if the CRA does give you a hard time.
Great video very informative. Keep it up👍🏻. Please make a video on how one can get a financial advisor's license or how one can become a broker in Canada.
Another amazing and informative video from you. Great job! Highlights of the list: -VFV -VSP -XSP -ZSP -HXS Glad to learn about ZSP and HXS. Thank you very much. Do you prefer investing more money on ETF than investing in individual stock? I really appreciate all your efforts and thank you!
Thanks, glad you liked it, and thanks for summarizing! I own both ETF and stocks, and think there's a way to fit both into everyone's portfolios. But ETFs are great for those who want to set it and forget their investments.
I use VFV, I looked into doing VOO (the U.S version, it has even lower MERs) but didn't want to do Norbert's Gambit in order to save on the currency fees.
America is the biggest stock market in the world and the US dollar is the default world currency. Until that changes i am not going to bet against America. VFV is the way to go for a Canadian investor.
Great Video financially useful and well presented!
It matters because VSP actually fails to track the S&P500. If you compare the 5 yr return of VSP to the 5yr return of the S&P500, you'll see that VSP underperforms consistently by close to 2% per year, which is significant
I sold my VFV shares a while back, did Norbert’s Gambit and bought VOO in my RRSP account to save on the US withholding tax. Thoughts, Chris?
That's a good strategy, if you had a large amount to invest and are planning to hold for a long time, it's worth the hassle, and you will sidestep the 15% US dividend witholding tax, plus reduce the FX fees. It's more advanced, and I don't recommend for beginner investors, but I do like Norbert's Gambit overall.
I need to look up Nobert's Gambit- I don't know what you're talking about. But your comment seems promissing. I am a US-Canadian, living and earning in Candaa in CAD. But I love VOO and still hold it in my US accounts. I am debating just always taking a portion of my pay-cheque, converting it from CAD to USD, and buying and investing in the US. VS holding something like VFV in my canadian RRSP. I also don't know what the US withholding tax is. You get taxed by the US for holding VFV? but not VOO? I also learned as a canadian-american, I should not have a TFSA because those gains are taxed by the US. But RRSP are okay. So I just want some kind of vehicle to invest in- set it and forget it. But I think if I do the leg- work in the beginning of figuring out the "BEST" way. It will save me headache in the future. I am 22.
If I invest on VFV with my TFSA would I still need to pay the withholding tax?
no not if its in CAD
@@PlanesandCars
@@PlanesandCarsno, vfv is traded in cad
Great video. Do you have a similar one TSX following the NASDAQ?? Thanks
No, but check out iShares XQQ. I'll probably do a blog post on this eventually
Hi great content. Is rebalancing necessary?
And just investing in VEQT enough ? Thank you
Rebalancing is necessary if you combine this with another ETF. Yes just VEQT is enough, if it matches your risk tolerance levels and investor needs, but it is only equities so it could be quite volatile.
Great info! Thanks!
Glad it was helpful!
Ok. I am also checking out some of your other material and videos, and I also subscribed to your newsletter, and it is really great stuff!!! Thanks Chris!
As a Canadian, I want to know my options on what apps/trading platform/brokerage I can use to buy fractional shares of DowJones. Dow Jones is upwards of $33,000 so I can not afford to buy the whole. Also, Wealth Simple would not let me buy Dow Jones at all.
Also, I want to trade intraday so I am looking to invest in index and not EFTs. Indices are more volatile, which is what I'm looking for.
I don't think any brokerage allows fractional share purchase of an entire Index - it is generally just stocks in a company.
Sir I have to invest in s&p500 etf every month for long time .which broker charge less currency fees & less commission fees? I live in canada.
possibly look for online brokers that you can do yourself like quest fade or wealthsimple trade. these are way lower fees about 0.5% compared to 2% with banks
You don’t have any videos recently?
Yeah sorry I have been super busy with the blog, but will try to refocus on youtube soon!
I feel like am the luckiest person on earth 🌎 i just received my first profit of 5k today""""really feels like I won the NBA finals.....🍾🍾🍾.
Wow congratulations!
@Berman Trader okey I was once like you till i came across a channel like this , i will share some that helped me .....
there are a lot of investment options ( real estate,stocks, crypto, airbnb,) but my best advice is to get the services of a good profesional who will lead you into a successful and profitable one...
@James Hamilton they help in making good profits, managing portfolios, decision making and analysing trade charts.
@Berman Trader know problem with that ,i recommend the services of virginiamayregan she help alot she as been very influencial to my financial journey ,mrs Virginia a US based financial consultant and analyst....
Wait so does that mean it’s not smart to invest in both markets , say I bought VFV , and then I bought a lot of VEQT would this be betting agaisnt myself ?
What are your thoughts on 50% veqt and 30% vfv and 20% vee I understand there’s overlap.
I would replace VEQT with something else in that scenario. You're paying a higher MER for the rebalancing of VEQT, but not getting the benefit of it in your portfolio because you are combining it.
Okay, thank you. I understand. Maybe I can do 10% vee, 50% vfv,
20% VIU, 20% VCN
I don’t want to rebalance though. Just keep buying and holding and no rebalance what do you think ?
Can i buy USA spy 500 with my TFSA ? Is there any extra tax that i have to pay if do so ?
You can buy this in your TFSA, your income is taxed already when you contribute to your TFSA, so there's no capital gains inside it
Hey Chris, i'm currently 23 years old living in Canada with my account on Questrade. I wish to invest monthly in the S&P500 for the next few years (at least 10y). Not too sure which one to choose... Any help?
Sure, you can check out this article for an updated list, wealthawesome.com/best-sp-500-etf-in-canada/
VFV is still a solid choice. Hope this helps!
I'm a 23 year old living in Canada too! Great to see folks my age investing. :) I'm unsure which to choose, but I think I have an idea for one.
you messed up by not mentioning XUS, bro. better to go unhedged, bro
Am very new to this. What kinds of ETF's should I invest in if i trying to invest in Questrade TFSA. Because i think US stocks will be taxed?
Yes there is a US dividend witholding tax, but it isn't too bad. If you don't want that at all, you can look at pure Canadian ETFs.
Thanks for the info💚
Do you pay in USD to buy S&P in Canada?
Not the ones listed here, but you can buy other ones
Is scalping for two days with 50000 $ in one stock, for few more shares for the purpose of long-term investing with a TFSA account is going to cause problems with CRA ? I made my 831 shares to 950 with scalping in two days ... made each share cost around 30 $
It depends on if you're using it to create business income. If the purpose is long-term investing as a personal investor you should be able to argue your case if the CRA does give you a hard time.
Great video very informative. Keep it up👍🏻. Please make a video on how one can get a financial advisor's license or how one can become a broker in Canada.
Sounds good! First step is to do the Canadian Securities Course (CSC)
Does the HXS use return of capital?
If you mean total return swaps to achieve a corporate class total return, then yes it does: horizonsetfs.com/ETF/hxs/
Another amazing and informative video from you.
Great job!
Highlights of the list:
-VFV
-VSP
-XSP
-ZSP
-HXS
Glad to learn about ZSP and HXS. Thank you very much.
Do you prefer investing more money on ETF than investing in individual stock?
I really appreciate all your efforts and thank you!
Thanks, glad you liked it, and thanks for summarizing! I own both ETF and stocks, and think there's a way to fit both into everyone's portfolios. But ETFs are great for those who want to set it and forget their investments.
Too bad you didn't state which fund you use and why you decided to go with them.
I use VFV, I looked into doing VOO (the U.S version, it has even lower MERs) but didn't want to do Norbert's Gambit in order to save on the currency fees.
VFV is my choice.
VOO is mine
That's great!
America is the biggest stock market in the world and the US dollar is the default world currency. Until that changes i am not going to bet against America. VFV is the way to go for a Canadian investor.
@@niranmojo to each his own