Keep going mate I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed 150K. Diversification and a clear understanding of your financial goals are key... I am almost 43 now!
I lost a lot chasing individual stocks and I feel pretty silly for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
I started saving within a year or two of starting working. Back then I was investing $25 a month, it was all I could afford back then, but it got me started and it also got me in the habit of putting that money into an investment each month. As I progressed and started earning more I was able to increase my amount each month. Another interesting thing is you mentioned ETFs and I agree they are a simpler way to invest when you are first learning, however, I am now living off my investments and I use mostly ETFs as I am looking for a monthly income so I chose a few diversified ETFs that pay a monthly dividend that I can use as my monthly income. Yes the amount may change from time to time, but for the most part it is a stable monthly amount.
I am going to repeat what you said, start small if need to but START NOW. I made that mistake in my 20s. Set a goal of $100.month but only had 70 so I thought, wait til next month. Next month I had $90 so waited til next month and so on and so on...Lost 40 - 50 years of compounding.
Thanks, this was very nice and easy to follow. I've got 2 question though, can we invest in Canada or even USA without living there? Are there taxes attached? I am new to this and everything still confuses me.
I'll tell you this from experience, it's always better to use an actual market expert in situations like this so you don't end up losing your hard-earned funds. They know their way around the taxes and the market better. Just like you, I don't stay in the US, I stay in Canada but made my first million last year only after more than a year of losing a lot of my hard-earned funds through trial and error investing through the US market . Good luck.
You should start by looking out for those from reputable brokerages and good track records. Personally, I use Marie, Kelly Matwick. You could also look into her. Also make sure the person is registered.
I can confirm that investing in Canada in funds that deliver on average a 9-10% return is much more accessible for the average resident than in most European countries.
Nice content, but trading come with a lot of benefits And I have just bought my first house through it. As a beginner, I was scared of losing my savings but I’m glad I took the bold step that is now favoring me.
I consider GICs to be Fixed income. They are like bonds (individual bonds, not bond funds) without any risk as long as you stay under the $100k insured limit.
@@LivinginCanada Thanks for providing investment info for Canadian investors. It's greatly appreciated. Besides GICs, I have been buying short goverment and provincial bonds (again individual bonds, not bond funds) that pays little interests (low coupons) but sold at below 100 par value. So most of my gains come from capital gains instead of income, resulting in a lot of tax savings.
@@LivinginCanadaI don't think it is. It's money locked in for a long term (cashable GICs pay very little), you're not paid interest until the term is over, and interest is taxable as income. A money market fund would be much better, or short term bond fund, or a high interest TFSA.
Aww, thank you, that means a lot to me! It sounds complicated at first, but I hope that over time I'll make videos that help people understand the basics they need!
Hi, I am an international student here in Canada and am just starting to jump into investing. I hope you can answer my humble question, but do you think it's possible for international students to invest in Canada? Thank you in advance :)
Hi, any recommendations on where to keep your "emergency fund"....? would you keep that in a TFSA account or something else? hearing everyone talking about emergency funds but no one recommending where exactly the best storing options are. TIA :)
I started with some ETFs and Stocks earlier this year and I have seen about 12 percent growth but I recently diversified to Forex which has made me over 70k from a $10 k investment
Amazing, that’s wonderful. Although I have been hearing of forex trading I never went into it because of the risks involved and I lack the skills, can you guide me how to start please
Also, be very careful where you get your advice from! Remember that the person at a bank is an employee who is salesdriven; they are incentivized to sell you the banks products, not necessarily look out for your best interests.
Do we have to declare international tax residency if you have a personal business registered in your name in back home, while opening TSFA account in canada?
I have a tax-free savings account with TD Bank but I can't seem to control where the investment is, I don't see a return %, no information at all. How do I get any of that? I know nothing of investment. I just get money automatically out of my paycheck for RSSP and drop money manually in that TFSA.
It’s because you’re investing using a big bank. TD is investing for you. If you use wealth simple you invest it yourself. TD will take some of your profits for their work
Thank you for making this video..! My question: Does the 15% withholding tax only apply for dividends from foreign stocks, or does that also apply to capital gains when held in a TFSA..? I'm hoping the answer is "No".. haha I've been learning about the basics for some time now, but I still don't know when to pull the trigger.. As we have all seen in Canada recently, the capital gains tax was changed, and not for the better.. Of course, I don't have investments that fall into that amount category, but hopefully some day.. The point being that the government can change the capital gains laws (and other laws) when it sees fit.. Basically when it needs money..
I heard great things about Questrade, I guess I've gotten so comfortable with WS, especially as a pretty basic investor!.. may check it out in the future though!
Hi ,I just signed up on your channel. Very happy you take the time to explain to beginners. You take about management fee's. If the TFSA is self managed and you buy, GIC or ETF, what fees are there thank you.
Thanks for keeping us financially Educated! Regardless of how bad it gets on the economy, I still made over $35k with my starting capital of $10k this year.
Step 1. Buy a house. Step 2. Try not to starve to death. Step 3. Watch you house go up in value 6% to 12% a year. Step 4. Sell your house many years later make $$$$.
![[LIVE] : ONE ลุมพินี 89 | คู่เอก "ยอดไอคิว vs คิริลล์"](http://i.ytimg.com/vi/Z3vYkHJ_5Ig/mqdefault.jpg)
Watching in my 40s... And only just starting I feel so behind!
That's something so many people feel (they just don't say it!). But it's never too late to start, a lot of things can happen in just 5 years :)
Invest from Moomoo
Keep going mate I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed 150K. Diversification and a clear understanding of your financial goals are key... I am almost 43 now!
I’m 42 and I’ll start now! Better late than never.
I lost a lot chasing individual stocks and I feel pretty silly for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
I started saving within a year or two of starting working. Back then I was investing $25 a month, it was all I could afford back then, but it got me started and it also got me in the habit of putting that money into an investment each month. As I progressed and started earning more I was able to increase my amount each month. Another interesting thing is you mentioned ETFs and I agree they are a simpler way to invest when you are first learning, however, I am now living off my investments and I use mostly ETFs as I am looking for a monthly income so I chose a few diversified ETFs that pay a monthly dividend that I can use as my monthly income. Yes the amount may change from time to time, but for the most part it is a stable monthly amount.
That's awesome! I hope a lot of people read about your success story! :)
I am going to repeat what you said, start small if need to but START NOW. I made that mistake in my 20s. Set a goal of $100.month but only had 70 so I thought, wait til next month. Next month I had $90 so waited til next month and so on and so on...Lost 40 - 50 years of compounding.
She actually made that possible within a short period of time with frequent chat on instagram
She actually made that possible within a short period of time with frequent chat on instagram.
Hannahdearie22.
what does this even mean ? lmao
Thanks, this was very nice and easy to follow. I've got 2 question though, can we invest in Canada or even USA without living there? Are there taxes attached? I am new to this and everything still confuses me.
I'll tell you this from experience, it's always better to use an actual market expert in situations like this so you don't end up losing your hard-earned funds. They know their way around the taxes and the market better. Just like you, I don't stay in the US, I stay in Canada but made my first million last year only after more than a year of losing a lot of my hard-earned funds through trial and error investing through the US market . Good luck.
@buryatiaducky4233 true that. been putting some thought into this for sometime now. what are the steps for getting one.. like a really good one?
You should start by looking out for those from reputable brokerages and good track records. Personally, I use Marie, Kelly Matwick. You could also look into her. Also make sure the person is registered.
Me too, I'm new and wonder how people actually make money from this
@buryatiaducky4233 wow!! I know this pretty lady. Used to share an office block with her years back
I can confirm that investing in Canada in funds that deliver on average a 9-10% return is much more accessible for the average resident than in most European countries.
Nice content, but trading come with a lot of benefits And I have just bought my first house through it. As a beginner, I was scared of losing my savings but I’m glad I took the bold step that is now favoring me.
It's amazing that you got to know Alex. He has been a blessing to me and my family.
bots
I consider GICs to be Fixed income. They are like bonds (individual bonds, not bond funds) without any risk as long as you stay under the $100k insured limit.
It's great to have a portion of one's money in GICs, definitely, especially during these times!
@@LivinginCanada Thanks for providing investment info for Canadian investors. It's greatly appreciated.
Besides GICs, I have been buying short goverment and provincial bonds (again individual bonds, not bond funds) that pays little interests (low coupons) but sold at below 100 par value. So most of my gains come from capital gains instead of income, resulting in a lot of tax savings.
@@LivinginCanadaI don't think it is. It's money locked in for a long term (cashable GICs pay very little), you're not paid interest until the term is over, and interest is taxable as income. A money market fund would be much better, or short term bond fund, or a high interest TFSA.
Thank you, my first year in Canada and this is the first video I watched which was really helpful. ❤
Thanks for your honesty from a beginner like me. Migrated here in Canada so long and haven't considered investing 🤦🏻♀️
Your videos are soothing. I like your character! ❤ I will never understand bonds, mutual funds, etc. 😢
Aww, thank you, that means a lot to me! It sounds complicated at first, but I hope that over time I'll make videos that help people understand the basics they need!
I appreciate this so much. Thank you for taking the time. Have a great day, Erica
Great video, any books you can recommend?
Thank you very much for the video. That was the best video about investing I’ve seen so far.
Good video, the honesty is appreciated
Hi, I am an international student here in Canada and am just starting to jump into investing. I hope you can answer my humble question, but do you think it's possible for international students to invest in Canada?
Thank you in advance :)
Hi, any recommendations on where to keep your "emergency fund"....? would you keep that in a TFSA account or something else? hearing everyone talking about emergency funds but no one recommending where exactly the best storing options are. TIA :)
I started with some ETFs and Stocks earlier this year and I have seen about 12 percent growth but I recently diversified to Forex which has made me over 70k from a $10 k investment
Amazing, that’s wonderful. Although I have been hearing of forex trading I never went into it because of the risks involved and I lack the skills, can you guide me how to start please
Trading isn’t really easy so I employ the expertise of a pro Benjamin ravies, grateful for that
Benjamin ravies
That’s his Gmai okay
Wow, I am definitely starting Forex
How much is the minimum I will need please
Thank you honestly cause I needed this, I have sent an email 📧 to him
Also, be very careful where you get your advice from! Remember that the person at a bank is an employee who is salesdriven; they are incentivized to sell you the banks products, not necessarily look out for your best interests.
Do we have to declare international tax residency if you have a personal business registered in your name in back home, while opening TSFA account in canada?
I have a tax-free savings account with TD Bank but I can't seem to control where the investment is, I don't see a return %, no information at all. How do I get any of that? I know nothing of investment. I just get money automatically out of my paycheck for RSSP and drop money manually in that TFSA.
It’s because you’re investing using a big bank. TD is investing for you. If you use wealth simple you invest it yourself. TD will take some of your profits for their work
Thank you for making this video..!
My question: Does the 15% withholding tax only apply for dividends from foreign stocks, or does that also apply to capital gains when held in a TFSA..? I'm hoping the answer is "No".. haha
I've been learning about the basics for some time now, but I still don't know when to pull the trigger.. As we have all seen in Canada recently, the capital gains tax was changed, and not for the better.. Of course, I don't have investments that fall into that amount category, but hopefully some day.. The point being that the government can change the capital gains laws (and other laws) when it sees fit.. Basically when it needs money..
Girl, you are so beautiful! Keep this style! Btw your hubby is very lucky!
Thank you! And so am I :)
Thank you for the great video! It is what I’d like to study lately)
Happy to hear that, thanks!
Questrade is more advanced and also less fees in some foreign exchange transactions
I heard great things about Questrade, I guess I've gotten so comfortable with WS, especially as a pretty basic investor!.. may check it out in the future though!
Thank you! This was very helpful
Nice video 💯
Can u show us how we can invest in ETF and where ?? (in details please ...) thk u
Thanks for the video idea, I will try to incorporate this in 2024! Cheers!
Hi there....WHAT CAN YOU SAY ABOIT PROSPERI?
Hi ,I just signed up on your channel. Very happy you take the time to explain to beginners. You take about management fee's. If the TFSA is self managed and you buy, GIC or ETF, what fees are there thank you.
I'm one of them I don't know how to start my own business and what kind of business I will need study I compus
@LivingInCanada Salam kenal! Would you mind making videos in Bahasa Indonesia and German? It would be fun!
Haha, never thought of it, but I could say a few words in those languages in the future, perhaps!
Nice nice! Looking forward to it! Keren nih TH-camr Indo di Canada….agak jarang lho :). Salam dari Toronto!
Has anyone used Bloom?
Does it work for canadian markets too?
Thank you, i learned a lot thing, pls can you make gic details or information, I'm behind you're channel i just subscribed, thanks
Thanks for keeping us financially Educated!
Regardless of how bad it gets on the economy, I still made over $35k with my starting capital of $10k this year.
Thank you
Invest in Canada, you say? Can you say Voyager?
Step 1. Buy a house. Step 2. Try not to starve to death. Step 3. Watch you house go up in value 6% to 12% a year. Step 4. Sell your house many years later make $$$$.
Canada is fucked up
Loved it 😂❤
Not with trudeau the tax has made you poor again
Top ❤
Hello
You left Canada & now givies hints to others to invest in Canada😮, I'm fking confused
I didn't leave Canada.
@@LivinginCanada If you were smart you would, but you're not lol.
Gaza is probably a better place to invest.
LMFAO......investing in Canada.........yeah......good luck with that dumb idea.
Why is it dumb? Let me know
🤍