Top 5 GROWTH ETFs for Canadians | TFSA RRSP Passive Investing
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- เผยแพร่เมื่อ 15 ส.ค. 2024
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Looking for Canadian ETFs for major growth over the long-term? Today, I go over TOP 5 GROWTH ETFs that have amazing upside potential for for that capital gains income in the future. I go over basic stats of each ETF, including beginner friendly key financial ratios to look at.
00:00 Intro
01:41 ETF #1
10:00 ETF #2
13:06 ETF #3
17:01 ETF #4
20:21 ETF #5
24:46 Bonus ETF
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Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, working with Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.
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#investingforcanadians #canadianinvesting #growthetfs
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XEQT and TEC make up 100% of my portfolio
I hold TEC as well, seems pretty solid but not many people know about it.
TEC has large MER fee.
I like TQQQ when things are booming as you make 3x the money of xqq and when I feel the markets switching I use sqqq to short the markets and make money on the way down, then I buy the dip and sell at the highs and rinse and repeat 👍🏼👊🏼✌🏼
These are the etf I use for my long term retirement account.
VFV 40% s&p 500
XAW 15% international etf
NGPE 10% global equity etf
VEE 15% emerging markets
VEA 10% developed markets
PHYS 10% sprott gold trust
Tqqq is in usd. Horizons has one in CAD but its only 2x leverage.
@@mahirhaque1801 I use HQU which is 2x Nasdaq 100 also but tqqq grows so fast compared that I dont mind paying the 1.5% fee for exchange when I made 30-60% on my money in a short span
@@RandomEvents_ me too for both!
There's a lot of overlapping in this portfolio, but I guess it's fine if you see it as more exposure to those overlapping markets. 15% is also very high for emerging markets, but if you like timing the market with options and TQQQ you have a very high tolerance to risks.
Good refresher video to watch after initial familiarization with ETF's and investing.
Xeqt and hxq are my favs
Very happy I have found your channel! Great content keep it up!
Thanks Gab. Pretty useful info.
Very informative and well spoken. Although, I am not sure if I would be so tied up to so many iShares ETFs. (How about Vanguard ETFs?) Anywho, XIU, XQQ, XSP, XSMH, IEMG, and XBAL all have some merit in their own way.
A very good video Gabrielle. Thanks for all the work you put into it!! I'm a subscriber. :)
Just found your channel. Nice list. I'm curious to know if there's a Canadian hedged SMH or IWM which is a semiconductor ETF and the Russell ETF.
Thanks, Gabrielle! This was very helpful! :)
Great video, thanks so much Gabrielle. can you please add a little more inf or tips on where we should hold there tfsa or rrsps and maybe what percentage of our portfolio or any other tips a beginner out thanks again your awesome.
Thank you so much for Gabrielle. Truly.
Excellent video!
So, is it OK to use RRSP and/or TFSA to invest in these instruments?
Great video, what do you think of XGRO for long term growth. Thanks.
What is the average span that you would hold on to your ETF's?
Thank you for the video. Why you don't like Vanguard ETFs, please?
I agree. The Vanguard ETF's have lower MER's and since they are tracking the same index's one can not outperform the other. Go with lower fees.
Subscribed BTW. Logical and well thought out.
thoughts on veqt?
veqt definitely something to hold in RRSP in my opinion. VEQT / XEQT / ZEQT, 100% allocation in equities, something to consider if you plan to hold funds over long period of time, maybe 5-10 years. They differ from each other in terms of investments in US vs CAD markets, I would look them up to compare and find one which suits you better. Some like the GRO ETFs which are VGRO / XGRO / ZGRO, they are less volatile they have 80% equity + 20% bonds. It really depends on your risk factor. Hope this helps !
So if i use questrade, can I link my bank accounts? Thanks
Hi. I was just wondering, what would be your recommendation on what to max out first. RRSP or TFSA?
TFSA
Hello Gabrielle
Do you have any Idea on argentina taxation or how to incorporate proprietorship firm there????
Please advice
Thank you
Hello, What difference between xsp n vfv ?
TQQQ SOXL BULZ UPRO
well done, Thanks!
Subscribed!
thanks !
Hi new subscriber here. Can you please do a video on CDR and taxation for CDR dividends. Thank you.
hi sis, fantastic. U are the next Andrew Carnegie.
As a Canadian is it better to buy hedged ETF or unhedged and why? Please and thank you for the video
Hedged means that it minimizes the impact of the ETFs performance related to FX fluctuations between CAD$ and underlying currency of ETF, which is USD$
That entirely depends if you expect which currency to appreciate versus the other. Currently I would use cad hedged because I believe usd is going down relative to cad.
Thanks for the video! 😊
I'm new to ETF's & investing and was just wondering do you think getting a CAD Hedged NASDAQ 100 ETF is still better than just transferring CAD to USD (using Norbert's Gambit) and purchasing QQQM for example because the expense fees are much lower? Especially if it's being held in a TFSA or RRSP?
Thanks!
good question! it depends on your preference and the currency you want to invest in and if the managment fees diff are worth it! Usually, the US ETFs are a few hundreds dollars, so entry point might not be as good. RRSPs dont withhold tax on dividend payments but you get taxed on any withdrawals vs tfsa withholds tax on US investments but you can pull cash tax free
Hey Gabrielle!
I am on the pre accounting major to be a CPA in next few years. I was talking with my prof the other day, and she told me she doesn’t really have background about investing as a profession. Do you think you need extra work from studying for CPA for being confident about investment? I’m more into investment now so I was wondering. Thanks
Great question! Unless you are day/swing trading which may require additional qualifications to be confident, I believe you can still achieve great results via long-term passive investing by investing in solid ETFs. Anyone can achieve financial literacy by researching through books and online resources like TH-cam!
@@GabrielleTalksMoneycan you pls talk about asset allocation ETF?
Some friends told me that ETFs are very risky and I can lose my whole money invested. Is that true? comparing with other investments?
There is a lot of "this one" and "that one" without clear specification of the name of EFT which was very confusing to me.
I listened somebody if I buy etf to use tfsa accout cra will be take tax. Is it true?
Should these be bought in TSFA or RRSP? I heard dividends are taxed still in TFSA?
That's what I heard too. Anyone else can chime in?
If you buy a US stock or an ETF that holds US stocks, you will have to pay a 15% withholding tax on dividends you earn. You can only get away from this if you hold the US stocks in an RRSP account
I prefer to invest in the USA over Canada. Socialist countries are great to live in, but socialism normally stagnates economies. A lot of Canada’s GDP growth is artificially inflated from brining in lots of immigrants. Even with the 15% dividend withholding tax, if you’re a long term investor with a high risk tolerance, countries with more of a free market economy tend to do better than more socialist economies like Canada’s.
From what I’ve read too, Questrade is better if you’re buying US stocks (even though there are Canadian s&p500 etfs I think). Wealthsimple apparently charges currency conversion fees because you can’t hold USD, but Questrade you can hold USD, and there is an etf for transferring cad to usd for free.
Love your skin!! Can you show us was your eat daily!
Haha thanks! I just try to eat wholesome healthy meals!
Kimchi, for sure!
Bitcoin?
You said one to many q on qq lol
Safe ETFs. I would say, everyone should own some TSLA. Tons of potential in 2022, past history already shows, everything Tesla does is exponential. Lots of TH-camrs are now millionaires
Tec.tse
HXQ. HXQ.U