Make sure you watch my DRIP EXPLAINED video to illustrate the true POWER of DRIPs in the long term and to see exactly how to set one up with Questrade 👇 th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
And to learn more how Dividends work and to see my FAVOURITE Dividend Stocks and ETFs, check out my DIVIDEND INVESTING GUIDE 📈 th-cam.com/play/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m.html
@@shellz831 Sorry to pick on you but that's incorrect. WealthSimple does not allow DRIPs. You can setup a recurring purchase to buy a stock every week or every month but that isn't a DRIP. If it is a monthly dividend, you could probably setup a monthly purchase of a stock and hopefully the dividend will be enough to cover the cost but again, it will be totally unrelated to your dividend. It will just assume you have cash available so it's not a DRIP
@@CanadianTShirt OK,I get you. Because I use my dividend amount (which is enough to purchase 2 stocks)... I setup that amount on auto purchase of the same stocks. This is different from my larger 'dollar-cost-averaging' monthly purchases. Since, there is no commission fees, I don't mind
I love investing in stocks like this. Steady passive income, while you don't stress about the overall share price. If it goes up, great, but I almost look at it as a bonus haha
You got that right! In fact, I usually LOVE it when we see the price go down! That just means that I can buy more at a DISCOUNT, especially if I have a DRIP coming up! 😁
Great timing, I'm getting close to my TFSA contribution limit so I can't get any more DRIPs on the bigger stocks. These stocks are definitely helpful for me. Thanks!!
Absolutely! Whenever I have limited TFSA room, my priority is maintaining my existing DRIPs since I won't be able to top them up until next year once I'm maxed out. But if you have a few thousand dollars worth of room, all of these stocks are great options to get some automatic and tax-free compounding =)
Brilliant! I should have learned all this 20 years ago but better late than never. Can’t thank you enough for your educational videos. Keep doing what you’re doing as you are great explaining and your passion for investing is purely addictive.
I couldn't agree more Enid but still better late than never! I'm glad you found my channel and I'm so happy that my videos have been able to make a difference! Keep it up! =)
Signed up for questrade using your affiliated link. Thanks again for this video, just made me realize some stocks are even less than a burger, makes me think twice everytime I take out my card. Thank you 🙏
Hello good sir, great video, I appreciate the content. This is the third dividend video I've watched this evening and this is by far my favorite. I will be checking for more of your videos!
I'm happy to hear that! I have a WHOLE playlist all about dividend so check out my DIVIDEND INVESTING GUIDE! =) th-cam.com/play/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m.html
@@CanadianTShirt I am. I'm just learning myself, but am also trying to teach my 19 year old daughter so she gets the head start that I didn't. Your videos are very helpful. I thank you again.
@@WillNeverforgetmypasswordagain I LOVE to hear that! I WISH my parents taught me these things at 19! She's going to be at such a financial head start with parents like you! =)
@@WillNeverforgetmypasswordagain I'm teaching my young adult children the same things. Unfortunately the school curriculum in Saskatchewan doesn't teach financial planning. In my opinion, it should be a core subject taught to all students.
@@SKcanuckfan It should, but it won't. The job of the school system today is to produce good little employees who will go to work and pay their taxes dutifully for 45 years.
Maybe this is changed in the year since this video was posted but wealth simple does have the drip feature. You can turn it on under automation in your settings. It also allows for fractional shares to be purchased so you don’t need a ton of money invested in order to drip.
Thanks for the hard work and great advice, Adrian. I opened up a Questrade account in mid-2020 using your promo code, and it's excellent. It's so handy to be able to buy even a single ETF at no charge on Questrade, so I'm able to build up savings in a certain sector and once the ETF hits several thousand dollars I'll buy one or two of the underlying stocks (e.g. swap out a banking ETF for shares in TD, RBC etc). It's a nice conservative approach to grow funds from nothing using small but frequent regular purchases of the distribution-paying ETFs to building up capital as an intermediate step before moving into stocks directly.
I'm so happy to hear that I was able to help John! And I'm so glad you started in mid-2020, that was the BEST time to start investing and take advantage of those discounts across the board! =)
And that sound like a great strategy! Regarding bank ETFs, I actually avoid those since those ETFs literally only contain 6 stocks... I prefer ETFs that have at least 30 holdings but ideally over 100. For only 6 stocks, I might as well buy those stocks directly and avoid that annual management fee. But I get in your case, you are doing that to avoid the commission fees. Just something to consider, I agree in occasionally swapping those ETFs for a direct share =)
First of all, great brief Adrian. Convince me I need to DRIP based on below rationale. With the advent of fractional share purchases on Wealthsimple, there really isn't a compelling reason to use a DRIP. I simply reinvest my dividends which now allows me to incrementally benefit from a fluctuating share price. Automated fractional purchasing will likely be an upcoming option for Plus members as Wealthsimple builds out their back end. Note: most of the companies you mentioned are fractional-able on Wealthsimple (exceptions PLZ.UN, HR.UN, CRT.UN, FCR.UN, PMZ.UN, CSH.UN, ZAG, and XRE which is a wrapper for most of the aforementioned REITs). But, I can use an ETF that is fractional-able (eg. ZRE) to buy those REITs that are not fractional-abled as well as a fractional-abled ETF to buy all bond offerings. Recommended next video for you: Explain why you can fractional buy/trade some REITs versus AP.UN, SRU.UN and ZRE which you can. Benefits of $10/mth Plus Wealthsimple Account: - USD accounts; - $0 in FX fees on each US stock or ETF trade from a USD account; - Free USD deposits and withdrawals (for direct USD transfers to/from personal DIY trading accounts only); and - Instant funds deposit up to $5K CAD ($4K USD).
I met you at the Craft and i just love your content wishing you all the best for 2024 and good investing and thank you for all these videos which has given me the confidence to buy shares thank you so much wishing you all the best Judaline
Way to go Sarah! Make sure you watch my step by step walkthrough on How to OPEN a QUESTRADE Account! th-cam.com/video/uoOBRUY8IXQ/w-d-xo.html And make sure you use my referral link to get that $50 bonus! =)
Adrian: Telus stock way down at the moment, would you recommend buying a few shares? Can't hurt, can it? I don't currently own any individual Telus stocks
I'm a bit late but congrats on reaching 100k subscribers! Another great topic to discuss for those building their TFSA portfolio. I remember when I watched the first DRIP video you released and immediately decided to focus on qualifying Enbridge stock for a DRIP. Since then, I 've went from receiving 1 free stock every quarter to now almost 3 stocks! Thank you as always, Adrian!
Thank you buddy! It was one of my biggest goals for my career and I am SO happy I finally reached it! And way to go with that Enbridge DRIP! It's one of the juiciest dividends out there! 😁
I'm glad you found it helpful Shawn! I include a FREE Excel Template of my Dividend Tracker in the description box below the video! Just click the link and download the Excel file for your own use =)
If you're unclear on the columns, make sure you watch my DRIPs EXPLAINED video where I give a full walkthrough on this Excel Template =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
There are tools and plugins you can use to extra current market data into Excel, but many of them you will have to pay for. Personally I don't do that.... I only track the Book value in Excel since that does NOT fluctuate, it only changes when I buy a stock or receive a DRIP so easy to maintain. If I want to see current, live market values, I just open Questrade. They do it for me! Check out my FREE Excel Dividend Template here if you like =) bit.ly/2O4f3sr
Yes you absolutely can however, US dividends will face a 15% withholding tax in a TFSA! I cover this in detail in my TFSA MISTAKES video here =) th-cam.com/video/s4cBibLATOU/w-d-xo.html
Thanks a lot! I know that you have covered details in another Drip video, but do I understand correctly that those money from dividents spent on buying more stocks are not taxed?
Unfortunately no! You are STILL taxed on those dividends! It does not matter whether you receive the dividend as cash or reinvest it as a DRIP, it will STILL be taxed! However that's only for a non-registered account like a Margin account. In a tax-sheltered account like the TFSA or RRSP, the dividends are 100% tax-free and so are the DRIPs =)
Thanks for the video. I was unaware of the commitment from Telus to increase dividend twice per year. All the more reason to buy Telus. And thanks for the Excel sheet to keep track of DRIPs. I will check it out now
I'm always happy to help! Yes with Telus, it's certainly an aggressive dividend growth campaign but they have the revenue to support it! I'm excited to see those extra DRIPs each quarter! =)
I’ll have to check out Plaza. I have the others and use the dividends to buy stocks, almost always from businesses I am already invested in. so my TFSA is sort of one big DRIP with me deciding on the stock.
That's perfect! As long as you are reinvesting your dividends, you're tapping into that exponential growth! I just like using DRIPs to do it entirely on autopilot! =)
Good question! Just because I maxed out my TFSA and I had more RRSP room available! No other reason. Normally I would hold SRU in my TFSA along with the rest of my Canadian REITs =)
Absolutely Will! I definitely recommend maximizing your tax sheltered accounts first! But yes for eligible Canadian dividends like Manulife or Telus, I also hold them in my Margin and they are much more tax efficient than regular income! I'll cover the dividend tax credit in an upcoming video =)
Absolute, since tfsa has been maxed for me and my wife, Canadian dividend payers in my non registered just makes sense. Hopefully next year, the contribution room will increase again with the inflation being what it is.
Yes, the DRIP will only go through if the dividend you receive is greater than or equal to the share price on that day! So if you qualify for a DRIP today but a month later, the share price jumps up, if the dividend can't cover the price of a share, then the DRIP won't go through and you'll just earn cash as usual. That's why I always suggest investing more than the minimum, to give yourself a buffer so that the DRIP goes through even if the share price grows =)
It depends on the size of your portfolio! If you only have a $1000 in total, then I wouldn't put 80% into any one stock. But if you already have portfolio and you're looking for something new, then sure $800 into PLZ is a good move to lock in that monthly DRIP! =)
Thank you Robin! That's what I try to do! I still try my best to respond to everyone but obviously, that becomes more difficult as my channel grows! But since day one, my favourite part of being a TH-camr is engaging with you guys and answering your questions and I never want to lose that! 😁
Hi Adrian! I am new to investing. I have about 4k to invest. Should I buy all 4k of TD orRio can to try to qualify for drip or diversify and buy different stocks?
@CanadianTShirt i should have elaborated. My husband has been topping up rrsp for tax deduction for the past few years in ETFs, and I bought sofi stock worth $1k recently. Now, i have 4k left (may not be able to invest more in quite sometime) so I want to invest in the most effective way.
Would you recommend a student invest in Plaza even if they don’t have enough money to qualify for drip? Or would it be better to wait for the share price to drop?
Absolutely! Remember a DRIP does NOT have to be locked in all at once! Most of my DRIPs took YEARS to reach! Invest what you can and slowly build up to it, brick by brick =)
All that matters to get a DRIP is to own enough shares so that your dividend you receive is larger than the share price. It doesn't matter when you buy those shares or how long it takes. Also note, I wouldn't wait for a dip, just generally when it comes to investing. I have a whole video on "Buying the Dip vs Dollar Cost Averaging" so make sure you check it out =) th-cam.com/video/h9G1CV-oujI/w-d-xo.html
Drips are cool but I’m not so busy that I can’t reinvest my dividends on my own. I only ever own around 10 stocks. That’s 40 dividends a year. I think I can find the time.
Nope! That's one of my favourite things about using a DRIP with Questrade! Not only is it on autopilot but whenever you buy a share through a DRIP it doesn't cost ANY commission fees! That's why I call them a free share! =)
I don't use Qtrade but thanks for the heads up. I use Questrade and I'm able to setup a DRIP with ALL of my stocks and ETFs. Check out my DRIP Explained video to see exactly how to do that with Questrade =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
Could someone help me. Im just getting into investments and i thought with wealthsimple you could reinvest the dividents back into the stock. Is that not the drip system
At the time of filming this video, WealthSimple did not offer DRIPs. In fact, they just recently added their new dividend reinvestment feature which is about time! I had been waiting for over 5 years haha
Keep in mind that their Dividend Reinvestment option is a little different than a DRIP with Questrade since you can't specify which stocks to activate the DRIP on. With WealthSimple, you can only select on or off for ALL of your stocks. Questrade gives you the customization
Also with WealthSimple, all your dividends will DRIP so you will be earning fractional shares. Personally, I don't like this. I want to have whole number of shares. It makes my calculations far cleaner and less messy and it makes it much easier when filing taxes so keep that in mind =)
Looks like Plaza Reit is only 3.74 today. Do you think that is a good bargain (as it was 4.57 when you made this video) or are there problems with it now?
I am still DRIP'ing every month! Plaza REIT faces the same challenges as most of the retail REITs do in that the interest rates are still high (but they are dropping) so I expect a recovery over the next year =)
You can't unfortunately... it's one of their limitations. You'll have to MANUALLY reinvest those dividends by buying new shares every month or every quarter. With Questrade, this is done on autopilot 🙂
@@Raheeltalks you don't NEED to! If you have Canadian stocks, feel free to keep them in WealthSimple, it's just annoying to manually buy new shares every time. But if you have US stocks, you should definitely transfer them over to Questrade! The currency conversion fees with WS will cost you a ton of money in the long run! I have a video tutorial showing you step-by-step How to TRANSFER Stocks into Questrade from another Broker or Bank =) th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
Hey Adrian, great video! I’ve just started investing using Questrade for my TFSA. I was wondering for a beginner if it is better to prioritize diversification (buying many different stocks across different industries) or buying a smaller number of different stocks and locking in a DRIP? Please let me know, thanks!!!
I always say diversification is the name of the game! It can be tempting to focus all your attention on one stock to lock in that DRIP ASAP but I think it's safer overall to spread out your investments over different stocks and sectors and work your way up to a DRIP across the board! =)
Hello. Your channel is great! I am not sure what your MARGIN USD and MARGIN CAD stock (AMZN, FB - SHOP, XIC, VCN, BB). I got those values from your excel template. As in the AMAZON stock price today is $92.13. But, in your excel example, you have one share, and it has a value of $3428. And both the AMZN and FB don't have CDN value equivalents. I'm sure I've just missed something in your video.
It's not something I'm into.... the management fees are crazy high, worse than some mutual funds even. And yes the massive dividend yields are tempting but you are losing any hope of capital gains and most likely you will see a LOSS in value over time... I would rather invest in quality companies that have a bright future, that way I can benefit from BOTH dividends and long term capital appreciation! 😁
Hello Adrien, I have a couple of questions. If investing in DRIP stocks do you have to keep a record or cost basis of the various stock price for tax purposes if in a TFSA ?? Can you suggest the most recent low threshold DRIP stocks that I should consider ?? And when is the deadline for 2023 RRSP contributions ?? Thanks very much, love your informative videos.
For a tax sheltered account like the TFSA, you don't have to track the cost basis since the capital gains are 100% tax free. You don't declare them in your tax return
If this was a non-registered account (Margin account) then yes you have to track the cost basis since that will affect the capital gains you pay when you eventually sell
thoughts on new investors not being able to drip their dividends? should I just suck it up and keep adding to my positions that dont drip? I wish I didnt think so much lol
For example, one of my favourite stocks of all time is PG. I will likely NEVER get a DRIP with it since it takes tens of thousands in order to lock one in. But it is still one of my BEST investments for the dividends and the long term growth!
I've never used CIBC but I believe they support DRIPs. Most of the big banks do. If they're charging you that much in commission fees, they BETTER support DRIPs! 😅
If on desktop, Menu>MoreAccount Transactions>Manage Dividends>Choose an account>Dividend payment options>Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) all dividends will be reinvested to purchase more shares of stock or Cancel existing Plan all dividends will be paid in cash. If your currently receive our dividends in cash, you don't need to complete this form. Mobile, top right corner>scroll down to preferences>Account Transactions>Manage Dividends>Choose Account Type>Dividend Payment Options (Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) or Cancel Existing Plan
I'm a bit confused by this. My understanding is that a DRIP allows you to buy fractional shares after you have already purchased one full share in the company?
Personally, I don't want fractional shares. It makes it MUCH harder to track, record my calculations and file my tax returns. I like whole numbers but it's a personal preference =)
Questrade doesn't offer fractional shares (WealthSimple does for certain stocks but not all) Personally, I don't want fractional shares since it makes my calculations much more complex and messy if I don't have whole numbers and it will make taxes messier as well. Also, adding fractional shares would just add more work on the brokerage side and more work means more fees, so I would rather keep the fees down and stick to whole shares =)
hi. just starting to do investments here. and new subscriber to your channel. still confused where to put my tfsa, plan to put in couple hundrerd $ every month and hoping it will grow more compared to the banks. thanks in advance for your insights.
Welcome to my channel and thank you for joining my membership program! I recommend Questrade for your TFSA, it's my favourite broker in Canada but WealthSimple Trade is also a great option! I would suggest investing in dividend ETFs and a few well-established dividend stocks to get your feet wet with investing. Check out this video on my favourite Canadian Dividend ETFs. They would be great to help you build confidence in investing =) th-cam.com/video/5crp5qeQing/w-d-xo.html
Remember investing is a LONG game! The money you invest with should be money you will not touch for years. So keep it invested and let it grow, unless of course you NEED this money now =)
Thank you for your honest advise i will keep them because for just 63$ in profit it is of no use. I plan to hold it thank you so much. Another ? please when you say a DRIP is 900$ for example PLAZA. This 900$ is it the present time for today? Does the 900$ fluctuate or instead is there a certain amount of shares that i have to buy which amounts to 900$. I just take the 900$ and divide it by the share price on that day. Is that the right way to go? thanks and i hope my Question is clear.
The DRIP required value fluctuates every single day since it depends on the share price! So the $900 value was at the time the video was released (it's still around there) Check out my DRIPs Explained video to see the calculation =) th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
Absolutely it does! However, you might have to consider some tax implications on the US side when you invest in Canadian companies. Also consider that both Telus and MFC trade on the NYSE as well so you can buy them in USD =)
Awesome content once again! I don't have a real DRIP due to wealthsimple but I have enough coming in from Manulife and Telus to buy a new share each quarter. Debating buying plaza, I already own VRE though, as well as dream industrial and Riocan so don't want to be too overweight in real estate
Yes you don't want to be too heavy in one sector but it is totally fine to have some overlap between your ETFs and individual stocks! Almost ALL of my stocks are also held in several ETFs, that's fine as long as you are aware of it =)
@@CanadianTShirt hmmm I wonder haha it's still a small holding but I plan on putting in around $600-700 this year from my contribution room and build it up. Most of my contribution room is dedicated to xeqt and TD, but plaza is something I could do further DD on and reallocate my buys for the year if I want. I'm just uncertain due to its share price and market cap
@@irishboy664 that's true, it's definitely less established and less of a safe bet. I would tell people, if you are only investing in one or two REITs, start with the big players like SmartCentres or RioCan. But if you already have some exposure in real estate and you're ready to try a different approach, try Plaza since they invest in very different markets (outside of the big cities)
@@CanadianTShirt smartcenters is another one that I'm eyeing but think I'll only pull the trigger when I build up Rio a bit more, at least until the divy is $10/mo
It took them many years but they finally implemented DRIPs! You can't customize which positions or which holdings however. With WealthSimple, you can only select all or nothing but still progress!
Not mentioned in the video but with Questrade you wont receive the DRIP discount you could with traditional banking for ex. you would lose on the 2% Telus DRIP discount
For example Enbridge and RioCan suspended their DRIP program a few years ago but with Questrade, I'm still able to DRIP them every month and every quarter =)
Basically you need to own enough shares so that the dividend you receive exceeds the share price. So # shares needed = share price / dividend per share My video goes into greater detail and I provide a free Excel sheet to help you calculate these =)
Hi there, I’m a 28 y/o male who recently started investing in ETFs. I really like HDIV, HYLD, Canoe EIT, ZWB, ZWU, FIE. I just have a general question (as there is one looming around the corner) and that would be how do these do during bad market times? Ie: how does the dividend get paid? I am holding a certain amount of capital to DCA on these ETFs when that time comes, I just thought I’d ask if it’s something I should continue worrying about. Thank you so much for your time!
Make sure you watch my DRIP EXPLAINED video to illustrate the true POWER of DRIPs in the long term and to see exactly how to set one up with Questrade 👇
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
And to learn more how Dividends work and to see my FAVOURITE Dividend Stocks and ETFs, check out my DIVIDEND INVESTING GUIDE 📈
th-cam.com/play/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m.html
@@CanadianTShirt wealthsimple now allows DRIP. Auto purchase for any stock.
@@shellz831 Sorry to pick on you but that's incorrect. WealthSimple does not allow DRIPs. You can setup a recurring purchase to buy a stock every week or every month but that isn't a DRIP. If it is a monthly dividend, you could probably setup a monthly purchase of a stock and hopefully the dividend will be enough to cover the cost but again, it will be totally unrelated to your dividend. It will just assume you have cash available so it's not a DRIP
@@CanadianTShirt OK,I get you. Because I use my dividend amount (which is enough to purchase 2 stocks)... I setup that amount on auto purchase of the same stocks. This is different from my larger 'dollar-cost-averaging' monthly purchases. Since, there is no commission fees, I don't mind
@@CanadianTShirt Great Vedio. I have my invest account in TD bank, could I do DRIPs there? or I have to open an account with Questrade? Thanks
This is the best channel for beginner investors in Canada. So many things I learned from your channel, keep it up Adrian.
Thank you so much for those kind words! I really appreciate that! =)
Not the teacher we deserve but the teacher we need. Professor Adrian let’s gooo
hahaha any day I get compared to batman, is a good day 😎
Sharing it to everyone! 🙏🏻
Thanks Adrian! Enrolling in DRIP and cutting my Disney+ has set me on the right path for a comfortable retirement!
Hahaha if government officials are cutting Disney+ to make ends meet, then I guess we should too! 😆
But I'm a massive Star Wars fan, so there's no way I'm cutting Disney+ until the Mandalorian comes out. This is the way 😎
You can cut Disney Plus and watch Mandalorian in other ways 🏴☠️🏴☠️ haahahah
Your a hell of a teacher my friend. When I make it big I will give you a generous gift for sure.
Fellow Canadian
Thanks buddy I really appreciate that! And in the meantime, just share my videos with a friend or family member and we'll call it even 😉
You have the best channel on youtube. No nonsense. Superhelpfull.
Helps that I'm canadian too.
Wow! Thank you so much for those kind words, I really do appreciate it! 🙏
And yes I do my best to cut out all the fluff. I hate the idea of wasting anyone's time =)
I love investing in stocks like this. Steady passive income, while you don't stress about the overall share price. If it goes up, great, but I almost look at it as a bonus haha
You got that right! In fact, I usually LOVE it when we see the price go down! That just means that I can buy more at a DISCOUNT, especially if I have a DRIP coming up! 😁
Glad to have dudes like you around for the public, with your information. I've gained my portfolio. Thank you, keep the videos coming.
It's my pleasure my man! I'll always walk the line 😎
Great timing, I'm getting close to my TFSA contribution limit so I can't get any more DRIPs on the bigger stocks. These stocks are definitely helpful for me. Thanks!!
Absolutely! Whenever I have limited TFSA room, my priority is maintaining my existing DRIPs since I won't be able to top them up until next year once I'm maxed out. But if you have a few thousand dollars worth of room, all of these stocks are great options to get some automatic and tax-free compounding =)
This is such a good channel, I just discovered today!! And the guy is still replying on this video!!❤❤
You bet I do! I try my best to reply to every comment, even videos that are 5 years old! I'm glad you found me and welcome to the channel! 😁
So GLAD i found you Adrian!!! 💖 Love from Ottawa :)
Thank you so much! I'm glad you found me! 🙏
And I used to live in Ottawa back in the day! Sandy Hill 🙂
You’re the best! Thanks
I'm happy to help and thank you for those kind words! =)
Brilliant! I should have learned all this 20 years ago but better late than never. Can’t thank you enough for your educational videos. Keep doing what you’re doing as you are great explaining and your passion for investing is purely addictive.
I couldn't agree more Enid but still better late than never! I'm glad you found my channel and I'm so happy that my videos have been able to make a difference! Keep it up! =)
Signed up for questrade using your affiliated link. Thanks again for this video, just made me realize some stocks are even less than a burger, makes me think twice everytime I take out my card. Thank you 🙏
That's one way to look at it! I always tell people, I don't shop at Apple or Starbucks but I do buy their stock! 😎
Awesome video yet again.
Can't miss that shiny plaque
Thanks buddy! It's been a nice and shiny addition to my set! 😁
I also can't miss that badass members badge next to your name 😎
Hello good sir, great video, I appreciate the content. This is the third dividend video I've watched this evening and this is by far my favorite. I will be checking for more of your videos!
I'm happy to hear that! I have a WHOLE playlist all about dividend so check out my DIVIDEND INVESTING GUIDE! =)
th-cam.com/play/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m.html
Thank you for your information
It's my pleasure! I'm happy to help! =)
I love Plaza. I've been with them right before the pandemic and was able to buy lots of shares for cheap
Great timing! Ya I took advantage of those huge discounts as well! 🔥
Thank you for your time. Your videos are very helpful to those of us who are still learning about investing.
Thank you Will! I'm glad to hear you are finding my videos helpful! 🙂
@@CanadianTShirt I am. I'm just learning myself, but am also trying to teach my 19 year old daughter so she gets the head start that I didn't. Your videos are very helpful. I thank you again.
@@WillNeverforgetmypasswordagain I LOVE to hear that! I WISH my parents taught me these things at 19! She's going to be at such a financial head start with parents like you! =)
@@WillNeverforgetmypasswordagain I'm teaching my young adult children the same things. Unfortunately the school curriculum in Saskatchewan doesn't teach financial planning. In my opinion, it should be a core subject taught to all students.
@@SKcanuckfan It should, but it won't. The job of the school system today is to produce good little employees who will go to work and pay their taxes dutifully for 45 years.
You are legit AF BRO.
mad love for you.
hahaha thanks buddy! I appreciate that! 🙏
Not sure I've ever been called legit AF but I'll take it! 😁
Great channel been watching for years and now I’m almost a cpa
That's amazing! Thank you for sticking with me throughout your journey! =)
Maybe this is changed in the year since this video was posted but wealth simple does have the drip feature. You can turn it on under automation in your settings. It also allows for fractional shares to be purchased so you don’t need a ton of money invested in order to drip.
It's true! About a year ago, WS finally introduced their DRIP feature and they offer fractional shares =)
thank you so much! another great video
I'm happy to hear that and glad you found it helpful! Hopefully you get to enjoy some of these DRIPs! =)
Thanks Adrian. Great content and info. I like the variety. Great job
Thank you Neville! I appreciate you watching almost all of my videos! 🙏
Thanks, man! Keep it up!
You got it bud! I'm happy to help! 😁
Hello again adrian im here watching your videos!!!
Thank you Marlon! I'm glad you found me! =)
Thanks for the hard work and great advice, Adrian. I opened up a Questrade account in mid-2020 using your promo code, and it's excellent. It's so handy to be able to buy even a single ETF at no charge on Questrade, so I'm able to build up savings in a certain sector and once the ETF hits several thousand dollars I'll buy one or two of the underlying stocks (e.g. swap out a banking ETF for shares in TD, RBC etc). It's a nice conservative approach to grow funds from nothing using small but frequent regular purchases of the distribution-paying ETFs to building up capital as an intermediate step before moving into stocks directly.
I'm so happy to hear that I was able to help John! And I'm so glad you started in mid-2020, that was the BEST time to start investing and take advantage of those discounts across the board! =)
And that sound like a great strategy! Regarding bank ETFs, I actually avoid those since those ETFs literally only contain 6 stocks... I prefer ETFs that have at least 30 holdings but ideally over 100. For only 6 stocks, I might as well buy those stocks directly and avoid that annual management fee. But I get in your case, you are doing that to avoid the commission fees. Just something to consider, I agree in occasionally swapping those ETFs for a direct share =)
@@CanadianTShirt Yeah, every time I buy an ETF, I think, "Adrian in a T-shirt wouldn't like this!" 😂
@@johnc8591 oh don't get me wrong, I LOVE ETFs! I just want my ETFs to contain more than 20 stocks 🙂
@@johnc8591 but that is a good motto to have in your mind whenever you make a financial decision: "Adrian in a T-shirt wouldn't like this...." 🤣
Great video!
Thank you! I'm glad you found it useful! =)
Thank you so much TOP G 🙌
haha never been called that before but I appreciate the support! 🙏
I am waiting for this topic. Thanks so much Adrian.
Thank you Grace! I've been wanting to make this video for a while! 🙂
@canadian in a T-Shirt Does CDR quality for DRIP program? Thank you
That will depend on your broker!
You make my girlfriend drip when we watch your informative videos!
No comment 😅
haha that one made me laugh! 😆 But I am glad that you and your girlfriend have a shared interest in investing! 😁
@@CanadianTShirt yeah they seem to like investing...investing in that ass 😆
@@CanadianTShirt😂😂😂
😂 jeeze
Hey there...I was wondering if you share your template as well with your members?
I share it for FREE with EVERYONE! I always include a link in the description box below =)
I'll include the link here as well. Download the Excel file and use it yourself! =)
bit.ly/2O4f3sr
Thanks!
My pleasure! I'm happy to help! =)
First of all, great brief Adrian. Convince me I need to DRIP based on below rationale.
With the advent of fractional share purchases on Wealthsimple, there really isn't a compelling reason to use a DRIP. I simply reinvest my dividends which now allows me to incrementally benefit from a fluctuating share price. Automated fractional purchasing will likely be an upcoming option for Plus members as Wealthsimple builds out their back end.
Note: most of the companies you mentioned are fractional-able on Wealthsimple (exceptions PLZ.UN, HR.UN, CRT.UN, FCR.UN, PMZ.UN, CSH.UN, ZAG, and XRE which is a wrapper for most of the aforementioned REITs). But, I can use an ETF that is fractional-able (eg. ZRE) to buy those REITs that are not fractional-abled as well as a fractional-abled ETF to buy all bond offerings.
Recommended next video for you: Explain why you can fractional buy/trade some REITs versus AP.UN, SRU.UN and ZRE which you can.
Benefits of $10/mth Plus Wealthsimple Account:
- USD accounts;
- $0 in FX fees on each US stock or ETF trade from a USD account;
- Free USD deposits and withdrawals (for direct USD transfers to/from personal DIY trading accounts only); and
- Instant funds deposit up to $5K CAD ($4K USD).
I met you at the Craft and i just love your content wishing you all the best for 2024 and good investing and thank you for all these videos which has given me the confidence to buy shares thank you so much wishing you all the best Judaline
Hi Judy! Sorry I'm not sure what is Craft? Is that a restaurant? To be honest, I don't eat out too much 😆
But thank you for those kind words and I wish you a happy new year as well! Keep investing! 😁
Caught Manulife on the dip when u recommended it last time 😎
That's what I LOVE to hear! Don't try to time the market but if you happen to buy it at a low point, great! 😎
@@CanadianTShirtis Manulife still a buy right now? it's up to $45 😢😢😢
@@BunnieBunBun I automatically buy it every quarter with my DRIP! =)
Thx Adrian
My pleasure Sarah! I'm happy to help! =)
Thank you very much for all your advices 👍🏼
It's my pleasure! I'm glad you are enjoying them! 😁
I’m just today opening my Questrade acc, thx again 😊
Way to go Sarah! Make sure you watch my step by step walkthrough on How to OPEN a QUESTRADE Account!
th-cam.com/video/uoOBRUY8IXQ/w-d-xo.html
And make sure you use my referral link to get that $50 bonus! =)
Adrian: Telus stock way down at the moment, would you recommend buying a few shares? Can't hurt, can it? I don't currently own any individual Telus stocks
I haven't bought Telus directly in a while but I still collect that monthly DRIP
I'm a bit late but congrats on reaching 100k subscribers! Another great topic to discuss for those building their TFSA portfolio. I remember when I watched the first DRIP video you released and immediately decided to focus on qualifying Enbridge stock for a DRIP. Since then, I 've went from receiving 1 free stock every quarter to now almost 3 stocks! Thank you as always, Adrian!
Thank you buddy! It was one of my biggest goals for my career and I am SO happy I finally reached it! And way to go with that Enbridge DRIP! It's one of the juiciest dividends out there! 😁
Love the video man. How can I get a copy of the template from 4:30?
I'm glad you found it helpful Shawn! I include a FREE Excel Template of my Dividend Tracker in the description box below the video! Just click the link and download the Excel file for your own use =)
If you're unclear on the columns, make sure you watch my DRIPs EXPLAINED video where I give a full walkthrough on this Excel Template =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
Love this. Do you have a video on how to use your excel spreadsheet?
You got it! I cover my Excel template in detail in this video here, DRIPs Explained =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
@@CanadianTShirt thank you so much. I'm having a lot of fun learning how to manage my portfolio through your videos
@@melissadorsey834 That's what I LOVE to hear! =)
8:09 Nice
🤣🤣
Hey man Wealth Simple has DRIP now!
You're right! They introduced their DRIP feature about a year ago. I'm glad they finally added this! =)
Hi
How to make an Excell sheet with auto reboot? Can you make a video for that pleased .
There are tools and plugins you can use to extra current market data into Excel, but many of them you will have to pay for. Personally I don't do that.... I only track the Book value in Excel since that does NOT fluctuate, it only changes when I buy a stock or receive a DRIP so easy to maintain. If I want to see current, live market values, I just open Questrade. They do it for me! Check out my FREE Excel Dividend Template here if you like =)
bit.ly/2O4f3sr
Hi adrian, how do you calcute drip again?
I have a whole video answering that question here! =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
But basically it's DRIP amount = (Share price)^2 / (dividend per share)
I’ve never clicked on a video so fast
That's what I LOVE to see! I hope you find it helpful! 🙏
Hello, I have a question, can you do the same with American dividend stocks in the TFSA? Thanks in advance
Yes you absolutely can however, US dividends will face a 15% withholding tax in a TFSA! I cover this in detail in my TFSA MISTAKES video here =)
th-cam.com/video/s4cBibLATOU/w-d-xo.html
That's why I only hold my US dividends in my RRSP instead to waive that tax. A 15% cut can really hurt in a TFSA!
@@CanadianTShirt thank you so much🙏
@@salut8598 happy to help!
@@CanadianTShirt then it would be better to just use canadian stocks on the tfsa
As always great video.. you rock!
Right back at you buddy! 😎
Thanks for the great updates Adrian !
My pleasure Tenzin! I'm glad you found it helpful! =)
Hey Adrian thanks for another great video keep them coming!
You got it buddy! That's the plan! 😎
Thanks for your time and hard work
Wow! That was fast! Thanks for watching! 😁
Is the Telus analysis still valid? It seems the telecom market is getting more competitors and telus is having trouble to keep the revenue.
Could you do a video on Eligible and Non Eligible Dividends , and How they are taxed. Somehow finding this info is a nightmare.
You bet! That video is definitely coming! =)
Thanks a lot! I know that you have covered details in another Drip video, but do I understand correctly that those money from dividents spent on buying more stocks are not taxed?
Unfortunately no! You are STILL taxed on those dividends! It does not matter whether you receive the dividend as cash or reinvest it as a DRIP, it will STILL be taxed! However that's only for a non-registered account like a Margin account. In a tax-sheltered account like the TFSA or RRSP, the dividends are 100% tax-free and so are the DRIPs =)
@@CanadianTShirt thanks for clarification! Great video as always
@@vladrazym9955 I'm happy to help! =)
Thanks for the video. I was unaware of the commitment from Telus to increase dividend twice per year. All the more reason to buy Telus. And thanks for the Excel sheet to keep track of DRIPs. I will check it out now
I'm always happy to help! Yes with Telus, it's certainly an aggressive dividend growth campaign but they have the revenue to support it! I'm excited to see those extra DRIPs each quarter! =)
I’ll have to check out Plaza. I have the others and use the dividends to buy stocks, almost always from businesses I am already invested in. so my TFSA is sort of one big DRIP with me deciding on the stock.
That's perfect! As long as you are reinvesting your dividends, you're tapping into that exponential growth! I just like using DRIPs to do it entirely on autopilot! =)
Plus if you use a DRIP, you avoid paying any commission fees when you buy that extra share. That can save you up to $10 depending on your broker =)
Great video!...I have a question though, why do you keep SRU shares in your RRSP?
Good question! Just because I maxed out my TFSA and I had more RRSP room available! No other reason. Normally I would hold SRU in my TFSA along with the rest of my Canadian REITs =)
Another informative video Adrian. Love my Canadian drips for their tax efficiency in my non registered account. Look forward to the next one.
Absolutely Will! I definitely recommend maximizing your tax sheltered accounts first! But yes for eligible Canadian dividends like Manulife or Telus, I also hold them in my Margin and they are much more tax efficient than regular income! I'll cover the dividend tax credit in an upcoming video =)
Absolute, since tfsa has been maxed for me and my wife, Canadian dividend payers in my non registered just makes sense. Hopefully next year, the contribution room will increase again with the inflation being what it is.
@@willkeen5010 mostly likely yes! There's a very good chance that the TFSA limit will increase to $7K next year, let's see! =)
Awesome!
Thank you! I hope you find it helpful! =)
How can we distinguish whether it is an ETF or a single stock from the ticker symbol? In general how do we know it ?
I like cash dividen
Fair enough! It's your money so you choose what to do with it! =)
What do you think about Algonquin? 😢
That's a sad story.... luckily for me I have never invested directly with it. But I did have some indirect exposure through ETFs. I feel your pain =(
Thanks for the content. Big thumbs up!
Thank you Linton! I'm glad you found it helpful! =)
Great Scott! Watched and liked, thanks Adrian!
Thanks Jason as always! I'm glad you found it useful! =)
Would you get disqualified from the drip when the stock price increase? Or if the dividend amount drop
Yes, the DRIP will only go through if the dividend you receive is greater than or equal to the share price on that day! So if you qualify for a DRIP today but a month later, the share price jumps up, if the dividend can't cover the price of a share, then the DRIP won't go through and you'll just earn cash as usual. That's why I always suggest investing more than the minimum, to give yourself a buffer so that the DRIP goes through even if the share price grows =)
@@CanadianTShirt thank you for the answer
Is it ok to invest a full $800 into PLZ.UN to get the DRIP right away? or suggest to diversify or DCA in?
Thank you.
It depends on the size of your portfolio! If you only have a $1000 in total, then I wouldn't put 80% into any one stock. But if you already have portfolio and you're looking for something new, then sure $800 into PLZ is a good move to lock in that monthly DRIP! =)
If you see my Members-Only videos (black thumbnails) I usually buy around $700 - $900 of PLZ at a time so I basically bump up my DRIP every time =)
Just wanted to give you a hi5 for all your efforts Adrian. 100k and yet responding to every comment on every video! A big thank you! ❤️
Thank you Robin! That's what I try to do! I still try my best to respond to everyone but obviously, that becomes more difficult as my channel grows! But since day one, my favourite part of being a TH-camr is engaging with you guys and answering your questions and I never want to lose that! 😁
As always, thank you :)
My pleasure! I hope you're able to unlock some DRIPs! =)
Hi Adrian! I am new to investing. I have about 4k to invest. Should I buy all 4k of TD orRio can to try to qualify for drip or diversify and buy different stocks?
Oh you should NEVER put all your money into one single stock! Diversification is so important!
Don't rush for a DRIP, my DRIPs took YEARS to build! Instead build your portfolio across all sectors =)
@CanadianTShirt i should have elaborated. My husband has been topping up rrsp for tax deduction for the past few years in ETFs, and I bought sofi stock worth $1k recently. Now, i have 4k left (may not be able to invest more in quite sometime) so I want to invest in the most effective way.
Would you recommend a student invest in Plaza even if they don’t have enough money to qualify for drip? Or would it be better to wait for the share price to drop?
Absolutely! Remember a DRIP does NOT have to be locked in all at once! Most of my DRIPs took YEARS to reach! Invest what you can and slowly build up to it, brick by brick =)
All that matters to get a DRIP is to own enough shares so that your dividend you receive is larger than the share price. It doesn't matter when you buy those shares or how long it takes. Also note, I wouldn't wait for a dip, just generally when it comes to investing. I have a whole video on "Buying the Dip vs Dollar Cost Averaging" so make sure you check it out =)
th-cam.com/video/h9G1CV-oujI/w-d-xo.html
@@CanadianTShirt thanks!
Drips are cool but I’m not so busy that I can’t reinvest my dividends on my own. I only ever own around 10 stocks. That’s 40 dividends a year. I think I can find the time.
Does Questrade charges $5 for buying stock in lieu of dividends through Drip?
Nope! That's one of my favourite things about using a DRIP with Questrade! Not only is it on autopilot but whenever you buy a share through a DRIP it doesn't cost ANY commission fees! That's why I call them a free share! =)
heads up, I went and bought a bunch of PLZ and its not eligible for DRIP within Qtrade...
I don't use Qtrade but thanks for the heads up. I use Questrade and I'm able to setup a DRIP with ALL of my stocks and ETFs. Check out my DRIP Explained video to see exactly how to do that with Questrade =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
Could someone help me. Im just getting into investments and i thought with wealthsimple you could reinvest the dividents back into the stock. Is that not the drip system
At the time of filming this video, WealthSimple did not offer DRIPs. In fact, they just recently added their new dividend reinvestment feature which is about time! I had been waiting for over 5 years haha
Keep in mind that their Dividend Reinvestment option is a little different than a DRIP with Questrade since you can't specify which stocks to activate the DRIP on. With WealthSimple, you can only select on or off for ALL of your stocks. Questrade gives you the customization
Also with WealthSimple, all your dividends will DRIP so you will be earning fractional shares. Personally, I don't like this. I want to have whole number of shares. It makes my calculations far cleaner and less messy and it makes it much easier when filing taxes so keep that in mind =)
Looks like Plaza Reit is only 3.74 today. Do you think that is a good bargain (as it was 4.57 when you made this video) or are there problems with it now?
I am still DRIP'ing every month! Plaza REIT faces the same challenges as most of the retail REITs do in that the interest rates are still high (but they are dropping) so I expect a recovery over the next year =)
@CanadianTShirt Nice, so maybe now is a good time to jump in for a bargain price
I'm investing in a bunch of real estate stocks to mix it up =)
How to Drip in wealthsimple?
You can't unfortunately... it's one of their limitations. You'll have to MANUALLY reinvest those dividends by buying new shares every month or every quarter. With Questrade, this is done on autopilot 🙂
@@CanadianTShirt so now I need to shift my trading on Questrade 🤔. Can I do that?
@@Raheeltalks you don't NEED to! If you have Canadian stocks, feel free to keep them in WealthSimple, it's just annoying to manually buy new shares every time. But if you have US stocks, you should definitely transfer them over to Questrade! The currency conversion fees with WS will cost you a ton of money in the long run! I have a video tutorial showing you step-by-step How to TRANSFER Stocks into Questrade from another Broker or Bank =)
th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
Great video bud.
Thanks 😊
Thank you Kevin! I've wanted to make a video on this for a long time! =)
Glad you did 👍
Hey Adrian, great video!
I’ve just started investing using Questrade for my TFSA. I was wondering for a beginner if it is better to prioritize diversification (buying many different stocks across different industries) or buying a smaller number of different stocks and locking in a DRIP?
Please let me know, thanks!!!
I always say diversification is the name of the game! It can be tempting to focus all your attention on one stock to lock in that DRIP ASAP but I think it's safer overall to spread out your investments over different stocks and sectors and work your way up to a DRIP across the board! =)
@@CanadianTShirt Great to know! Thank you for the reply :)
@@MrCarter925 my pleasure! =)
Hello. Your channel is great! I am not sure what your MARGIN USD and MARGIN CAD stock (AMZN, FB - SHOP, XIC, VCN, BB). I got those values from your excel template. As in the AMAZON stock price today is $92.13. But, in your excel example, you have one share, and it has a value of $3428. And both the AMZN and FB don't have CDN value equivalents. I'm sure I've just missed something in your video.
Very good, thank you.
Thanks Ali! I'm glad you found it helpful! =)
can you make a video on HMAX,UMAX,HCAL,HYLD,HDIV ...all those ''hamilton'' stocks looks weird to me
It's not something I'm into.... the management fees are crazy high, worse than some mutual funds even. And yes the massive dividend yields are tempting but you are losing any hope of capital gains and most likely you will see a LOSS in value over time... I would rather invest in quality companies that have a bright future, that way I can benefit from BOTH dividends and long term capital appreciation! 😁
Hello Adrien, I have a couple of questions. If investing in DRIP stocks do you have to keep a record or cost basis of the various stock price for tax purposes if in a TFSA ?? Can you suggest the most recent low threshold DRIP stocks that I should consider ?? And when is the deadline for 2023 RRSP contributions ?? Thanks very much, love your informative videos.
For a tax sheltered account like the TFSA, you don't have to track the cost basis since the capital gains are 100% tax free. You don't declare them in your tax return
All of the stocks on this list are still among the easiest DRIPs to qualify for and the RRSP deadline this year is Feb 29, 2024 =)
If this was a non-registered account (Margin account) then yes you have to track the cost basis since that will affect the capital gains you pay when you eventually sell
thoughts on new investors not being able to drip their dividends? should I just suck it up and keep adding to my positions that dont drip? I wish I didnt think so much lol
I totally get it and I used to feel the same way! You do NOT need a DRIP to make it a good investment. It's just a nice bonus!
For example, one of my favourite stocks of all time is PG. I will likely NEVER get a DRIP with it since it takes tens of thousands in order to lock one in. But it is still one of my BEST investments for the dividends and the long term growth!
If I can't get a DRIP, I'm totally happy to manually reinvest those dividends into ETFs =)
@@CanadianTShirt Thanks again!
@@TH-camFEEN my pleasure!
Great info, thx
It's my pleasure! Thanks for watching Carol! 🙂
Hey Adrian, I am currently investing in TFSA with the CIBC investors edge account. Is it possible for me to use DRIP from that platform?
I've never used CIBC but I believe they support DRIPs. Most of the big banks do. If they're charging you that much in commission fees, they BETTER support DRIPs! 😅
Absolutely, go to (up right on pc), Preferences, Account transactions, Manage dividends
I can answer that! You have to call into Investors Edge and request that dividend reinvestment be applied to your entire portfolio.
If on desktop,
Menu>MoreAccount Transactions>Manage Dividends>Choose an account>Dividend payment options>Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) all dividends will be reinvested to purchase more shares of stock or Cancel existing Plan all dividends will be paid in cash. If your currently receive our dividends in cash, you don't need to complete this form.
Mobile,
top right corner>scroll down to preferences>Account Transactions>Manage Dividends>Choose Account Type>Dividend Payment Options (Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) or Cancel Existing Plan
I'm a bit confused by this. My understanding is that a DRIP allows you to buy fractional shares after you have already purchased one full share in the company?
At the time of this video, WealthSimple did NOT support DRIPS...
But now finally, after so many years they finally offer DRIPs and they allow you to own fractional shares which a lot of people really like!
Personally, I don't want fractional shares. It makes it MUCH harder to track, record my calculations and file my tax returns. I like whole numbers but it's a personal preference =)
Wealth Simple has DRIP option now.
That's true! I'm glad they finally implemented it!
However they don't offer any customization. It's either all or nothing, but still a step in the right direction!
But why can’t they do fractional share purchase with whatever dividend we earn
Questrade doesn't offer fractional shares (WealthSimple does for certain stocks but not all) Personally, I don't want fractional shares since it makes my calculations much more complex and messy if I don't have whole numbers and it will make taxes messier as well. Also, adding fractional shares would just add more work on the brokerage side and more work means more fees, so I would rather keep the fees down and stick to whole shares =)
Personally, if I can't afford to buy an entire share of a stock, then I can buy a fraction of that stock by buying an ETF instead =)
hi. just starting to do investments here. and new subscriber to your channel. still confused where to put my tfsa, plan to put in couple hundrerd $ every month and hoping it will grow more compared to the banks. thanks in advance for your insights.
Welcome to my channel and thank you for joining my membership program! I recommend Questrade for your TFSA, it's my favourite broker in Canada but WealthSimple Trade is also a great option! I would suggest investing in dividend ETFs and a few well-established dividend stocks to get your feet wet with investing. Check out this video on my favourite Canadian Dividend ETFs. They would be great to help you build confidence in investing =)
th-cam.com/video/5crp5qeQing/w-d-xo.html
Adrian today the MFC is 29$ i bought it for 22.... should i sell since ihave 47 shares please.thanks
I'm not selling! I plan on holding onto my MFC shares for decades!
Remember investing is a LONG game! The money you invest with should be money you will not touch for years. So keep it invested and let it grow, unless of course you NEED this money now =)
Thank you for your honest advise i will keep them because for just 63$ in profit it is of no use. I plan to hold it thank you so much. Another ? please when you say a DRIP is 900$ for example PLAZA. This 900$ is it the present time for today? Does the 900$ fluctuate or instead is there a certain amount of shares that i have to buy which amounts to 900$. I just take the 900$ and divide it by the share price on that day. Is that the right way to go? thanks and i hope my Question is clear.
The DRIP required value fluctuates every single day since it depends on the share price! So the $900 value was at the time the video was released (it's still around there) Check out my DRIPs Explained video to see the calculation =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
thanks i will Adrian.
Does it make sense for American to buy?
Absolutely it does! However, you might have to consider some tax implications on the US side when you invest in Canadian companies. Also consider that both Telus and MFC trade on the NYSE as well so you can buy them in USD =)
Awesome content once again! I don't have a real DRIP due to wealthsimple but I have enough coming in from Manulife and Telus to buy a new share each quarter. Debating buying plaza, I already own VRE though, as well as dream industrial and Riocan so don't want to be too overweight in real estate
I'm glad you're investing in VRE for Real Estate exposure. Who gave you that idea? 😉
Yes you don't want to be too heavy in one sector but it is totally fine to have some overlap between your ETFs and individual stocks! Almost ALL of my stocks are also held in several ETFs, that's fine as long as you are aware of it =)
@@CanadianTShirt hmmm I wonder haha it's still a small holding but I plan on putting in around $600-700 this year from my contribution room and build it up. Most of my contribution room is dedicated to xeqt and TD, but plaza is something I could do further DD on and reallocate my buys for the year if I want. I'm just uncertain due to its share price and market cap
@@irishboy664 that's true, it's definitely less established and less of a safe bet. I would tell people, if you are only investing in one or two REITs, start with the big players like SmartCentres or RioCan. But if you already have some exposure in real estate and you're ready to try a different approach, try Plaza since they invest in very different markets (outside of the big cities)
@@CanadianTShirt smartcenters is another one that I'm eyeing but think I'll only pull the trigger when I build up Rio a bit more, at least until the divy is $10/mo
Do you know if Wealthsimple now allows DRIPs? I think it does because my dividends get reinvested automatically.
They do now! It's a new feature they finally introduced a few months ago! =)
It took them many years but they finally implemented DRIPs! You can't customize which positions or which holdings however. With WealthSimple, you can only select all or nothing but still progress!
Not mentioned in the video but with Questrade you wont receive the DRIP discount you could with traditional banking for ex. you would lose on the 2% Telus DRIP discount
That is true! With Questrade it is a synthetic DRIP so you won't get a DRIP discount, although these discounts are quite rare nowadays
But more importantly, with Questrade you can earn a DRIP on ANY stock or ETF, even the stocks that suspended their DRIPs!
For example Enbridge and RioCan suspended their DRIP program a few years ago but with Questrade, I'm still able to DRIP them every month and every quarter =)
How can we determine the amount to invest in a stock to qualify for DRIP?
I have a WHOLE video answering that question, so check it out! =)
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
Basically you need to own enough shares so that the dividend you receive exceeds the share price.
So # shares needed = share price / dividend per share
My video goes into greater detail and I provide a free Excel sheet to help you calculate these =)
@@CanadianTShirt thanks a lot!
Hi there,
I’m a 28 y/o male who recently started investing in ETFs. I really like HDIV, HYLD, Canoe EIT, ZWB, ZWU, FIE. I just have a general question (as there is one looming around the corner) and that would be how do these do during bad market times? Ie: how does the dividend get paid? I am holding a certain amount of capital to DCA on these ETFs when that time comes, I just thought I’d ask if it’s something I should continue worrying about. Thank you so much for your time!
Thank you for the video! Peruvian living in Mont-Tremblant
Thank you Daniel! I hope you find it helpful and unlock the power of DRIPs! 😁