Hey guys I've been receiving a lot of emails of people requesting "Edit Permissions" on my DIVIDEND DRIP TRACKER EXCEL SHEET You don't need to do that! All you have to do is click the link below and then click "Download" ⬇️ bit.ly/2O4f3sr You will download this as an Excel file and now you can enter your own numbers and do whatever you like with it! 😃
Awesome videos, great information! I use Google sheets and replicated (manually) the awesome sheet you created. What I was wondering, where do you get the "Book Value" numbers from?
watching this one year later after you've uploaded as ive just gotten into investment and i am blown away by how clear your videos are. You are a national treasure.
I agree thank you so much I started investing in my new TFSA account on Wealthsimple yesterday because of you I understand the stock market a whole lot more and will get on Questrade soon and I will definetely use your promo referral, also building a study document and sharing your page with friends you definetely need and deserve lots more followers thank you
Wow, I am loving your information! I'm a 50 year old stay at home mom that has always wanted to understand how to invest but was too intimidated to ask and had no idea where to start. Your videos are so easy to understand this should be shown to all kids in senior high so they can make better choices and start early. My teenagers will be watching these forsure!! Thank you, Thank you!!
There’s a clear cut reason why this guy has as many subscribers as he does. He’s clear and concise. There’s nothing in the fine print. Keep up the good work!
Thank you for those kind words! I really appreciate that and yes, that's what I try to do! Invest in QUALITY companies through stocks and ETFs to build wealth in the LONG TERM! =)
Man, my wife and I are stocked with your videos. You are awesome. Concise, cleaned, and friendly. Congrats, keep up the great work and BIG THANKS for sharing so much knowledge.
For the longest time I only had one stock with a DRIP. Additional investment went into a mutual fund. I recently sold this off to buy stocks. I was torn between buying one new stock with enough to DRIP or buying four different stocks to diversify my portfolio. In the end I went with four stocks.
Diversification is the name of the game! I get how tempting it is to put all your money into one stock to reach DRIP status as soon as possible but you NEVER want to put all your eggs in one basket! Build up to the DRIP across multiple stocks, step by step! You'll get there! =)
Thank you for a fantastic explanation. I use the dividends from all my stocks to buy whatever is selling at a deep discount. In 8 years of investing, I have always been able to find something on sale every month. The problem with DRIP approach is that you continue buying even when the price the stock becomes overpriced. The discounted price more than covers the $4.95 lost in commission. Great video.
It's true that you give up control on when to actually buy the shares but in the long run, "time in the market beats trying to time the market" But if you want to take full control of your dividends and buy whatever is at a discount, then go for it! For everyday investors who don't want to be so active everyday, DRIPs are a great option =)
@@CanadianTShirt Very true. More importantly, actively trading could trigger the CRA to consider you a day trader, which could possibly lead them to tax all the dividends and capital gains even if it is in a sheltered account like a TFSA. This recently happened to a guy. He was stuck with a tax bill over $200,000 for actively trading in his TFSA.
Dude, I'm so happy I found you! I just got into the investing game a couple weeks ago - not because of $GME, I swear. It took a little while to find you, because I kept getting American channels pushed to me, but I'm so happy I found a fellow hoser who can break this down so well. Cheers!
hahaha well however it happened, I'm glad you found me! I'm happy that my videos have been helpful, we definitely need more Canadian focused content out here! 🇨🇦
Hi Adrian. You probably wont see this message. Im a french guys (most of the time in a tshirt) who's settling in canada. Thanks to your channel I am learning a lot. I had a small piece of curiosity / feedback to give you if you ever choose to update this video. You mention the drip can sometime leave some extra cash that goes in your pocket because it was not enough money to reinvest to buy a single share. I was thinking that some1 who wanted to really push the idea to the maximum would save this extra cash and manually buy extra shares each time it's possible. Idk if it would have a ridiculously small impact or not on the curve I was just wondering. Any way great job. Keep it up Tim
Bonjour Tim! Surprise, I DO see your messages and I try my best to respond to as many questions as I can every day! 😁 What I do is whatever little cash I have leftover from my DRIPs, I use that cash to buy one or two shares of an ETF (something like XEI which has a really small share price) That way, I never have cash just sitting there collecting dust. And remember with questrade, I do NOT pay commission fees when I buy ETFs so even if I'm buying just $20 at a time, it won't cost me anything =)
Bill Nye was great at breaking down science to children. Canadian in a T-Shirt is great at breaking down DRIP to children. Great video friend. This vid was posted right before housing market crash, a great nod to RIOCAN prospects at this stage.
Hello Canadian in a T-Shirt!! I had a few questions on starting DRIP’s. I immediately thought Adrian will know. I scrolled through your video history & here it is, each step that is required. Thank you for sharing this & using terms that simpletons like myself can understand. Have a great weekend 🙏
I'm super impressed with your videos. I'm really new to all of this, and your videos give clear, basic information and provide a real opportunity for me to understand the ins and outs of investing. Hats off to you!
Thank you and that's what I LOVE to hear! I started this channel to help people who are absolute beginners so I'm happy to hear that my videos have been accessible and understandable to someone just starting out! 🙏
I really appreciate your channel man. I’m a really young investor(19) and I was so lost and confused on what to Invest in and how but this has made it so much easier for me so thank you!!
Thanks buddy! I'm really happy to hear that my videos are digestible and accessible for beginners! I try really hard to break it down, cut away the bs terminology and get right to the point =)
I really have been binging on your videos, they are not only helpful, but finally I actually understand what someone is saying when it comes to finances, I usually get lost in the mumbo jumbo words that people use...but in your case, you make it easier for all of us to learn.
Thank you for those kind words! That's what I try to do! There's a ton of great finance info out there but they tend to use fancy lingo and terminology to sound smart... I try to break it down to the bare bones so that anyone, even a beginner can understand investing! =)
Thanks Christian for supporting my channel! You're right, it takes a long time filming and editing these videos but it's all worth it when I see how much you guys appreciate and learn from it =)
This video has finally explained to me why investing is so powerful - exponential growth of your money IS actually possible. Thank you for your clarity! Looking forward to having enougb money to set up a couple of DRIPs soon
Hi Adrian- Awesome videos, so informative, so clear & includes all points possible. What I was learning from watching 5 videos of others, I get to learn watching one video of yours. Amazing. Feels like an academy!
Wow! Thank you so much for those kind words! I really appreciate that and I do take a lot of pride in making my lessons as condense as possible. I HATE wasting anyone's time so I'm glad that my teaching style works! =)
I am mindblown at your ability to explain something I thought was overly complicated. Loving all your videos! I have one question - do you think it's more worth it to invest a larger chunk of cash in ETFs or secure dividend stocks?
Thanks Kathy! That's what I LOVE to hear! I always say, diversification is the name of the game! That's whyI always invest in a MIX of stocks and ETFs across different sectors and industries =)
Thank you for saying that! I'm happy to hear that you have found my Excel tracker useful! I've been using it for years, it's second nature to me. I'm glad that other people find value with it 🙏
Hello :) I am practicing calculating DRIPs for some of the stocks I would like to buy. Today I have calculated that current DRIP of KO is $8481.78 and DUK would cost $11,017.65. I just wanted to make sure I am calculating correctly because these DRIPs are quite different from when you posted this video BUT its been 2 years and the DRIPS might have changed significantly. Thanks for your help!
You got it Shanna! Those numbers look right to me! Always remember to use an inflated share price in the DRIP calculations because you expect the share price to grow over time =)
@@CanadianTShirt Thanks you for confirming! And how often, roughly, should I check in to recalculate the DRIP to make sure I still qualify? I noticed in your video you check in because, for example, it is better to consistently qualify for 3 additional stocks rather than 2.9 since you can't get a fraction of a share. Do you have any recommendation on how often to check in on this to maximize growth but also not drive yourself crazy by checking daily lol?
@@shannacutting4855 great question! You definitely should NOT be checking your portfolio daily! That will drive you mad and likely lead you to panic and sell on emotions... I recommend checking your portfolio about once a week, mainly to see if you have cash sitting there from dividends that you want to reinvest in ETFs. Personally, I go through my whole portfolio about once a month to update my DRIPs and my Excel sheet but whenever I do receive a significant dividend or a DRIP, I also update my Excel sheet for that stock. It's not hard, I just update the new shares I earned, the new book value and I update the dividend amount if it increased and the Max_Value if the share price grew. Honestly it takes me about 30 seconds in total so it's worth doing it regularly =)
@@CanadianTShirt Ok good to know! Thank you SO much, this information is super helpful. I'm just getting started investing and you've really made me feel more confident in making these important decisions. I've watched many of your videos and they've made the difference between investing and not investing...and also not making major mistakes when I do! Thanks again :)
@@shannacutting4855 It's my pleasure! I'm glad I was able to give you the confidence to get started with investing! Keep it up, once you start earning those dividends, you'll be hooked! 😁
Great video overall, and i agree that using a DRIP is almost always preferable. However, i think its slightly misleading to not include the opportunity cost. The shares are not 'free', the money you gain from dividends could be used to purchase growth stocks or pay down a loan. I understand that the your stratagy is stable sustainagle growth , but i just think that assuming the dividend will be spent frivolously makes that option seem worse than it should in the graph.
Hey !! Your Millenial Investing guide is the best thing out there!! Your explanations are clear and precise. The excel files are great. Kudos to you for doing this. I have a couple of doubts. Let's say I have bought TD stocks, with a DRIP of 2.5. So as you mentioned in the video, I would be getting 2 more shares and 0.5 as cash in the first quarter and another 2 more shares with 0.5 in cash in the subsequent one. Does Questrade buy me an extra share(0.5+0.5) if I don't cash out? Second, could you explain about the PE ratio and what range is the best to see if a purchase is good? It would be great if you could explain the rest of the jargon that you haven't mentioned in the videos and important factors to look into buying a stock in a video. Because no one can explain it the way you do. Once again, a great set of videos. I wish I had access to these years ago! Anyway, looking forward to your upcoming videos and improving wealth as a community. Happy to have subscribed to your videos brother! Take care!!
Thank you Sundharam! I appreciate your support as always, you've been one of my longest running subscribers back when I was just talking about credit cards! To answer your question, unfortunately they will not combine past fractions of DRIPs. If you have a DRIP of 2.5, you will receive 2 shares and the remaining 0.5 will be paid out as cash. Once that happens, that dividend is fully paid out, you can do whatever you want with that cash. The next time the dividend comes, if you haven't bought any further shares and the share price remains the same, you will get the exact same thing: you will earn 2 shares and the remainder will be paid out in cash. You can't choose to NOT cash out. Secondly, you read my mind! I will be working on a video where I offer a step-by-step guide on what I look for when I research a stock to buy such as P/E ratio, debt values, payout ratio, dividend growth etc. Stay tuned for that! =)
@@CanadianTShirt Thanks for explaining my doubts. The way you explain everything is so clear and precise. Keep up the good work. Looking forward to watching your next videos.
Hi Adrian. You’ve inspired me to get into self-directed investing. Question for you: how will you know if the dividend you see on Questrade is a monthly or quarterly dividend? Thank you for sharing your time and knowledge with us. 😊
Thanks Rubbie! That's what I love to hear! 😁 Make sure you check out my Dividends Explained video here: th-cam.com/video/6xzfgObXxvU/w-d-xo.html I show you exactly how to find out the dividend frequency of any stock =)
I think you need a minimum of 100k investment to start feeling getting paid, but your videos are awesome bro you explain better than my finance teacher at university LOL keep going!
Oh no that's not true. It took me YEARS to get to the $100K level but the earlier you start, the better! When it comes to investing, TIME is your greatest ally because of the nature of exponential growth! The longer your money is invested, the faster it accelerates! Even if you start with a small amount of money! =)
But I'm happy to hear that my videos have been so helpful! I know a few college profs and instructors who are actually using my videos in their class which is pretty awesome! But maybe I should charge them for it 😅
Will DRIP cause me to overcontribute in my TFSA when my account is already max out? In other words, is DRIP reinvestment amount added into TFSA contribution room?
Another great video! What do you recommend to someone who has a smaller amount of money to qualify for drips on only one or two trusted stocks vs diversifying more by going with ETFs instead.
If you have a small amount of money, I would suggest investing in a dividend ETF instead of investing directly into one or two stocks. You don't want to put all your eggs in one basket, even if it's a stock you really trust. Diversification is super important and you gain that from either investing in dozens of companies across different sectors OR the easiest way to diversify is to invest in ETFs
In this video, I only showed DRIPs on dividend stocks in my examples but you can apply DRIPs on ETFs, it's the exact same thing! Check out my video on my favourite Canadian Dividend ETFs to get a sense of what kind of things to look for in an ETF: th-cam.com/video/hXrN5EVCp8Y/w-d-xo.html
It's a rough formula I do in my head, just to give me some wiggle room in case the share prices goes up. Basically, I look at the max share price over the past 52 weeks (one year) and then I add an extra 5%. If I feel like a stock is growing at a very fast rate, and everyday is a new max-value, then I add more than 5%. I hope that helps and excellent question! =)
Watch the whole video! I show you exactly how to calculated how much you need to qualify for a DRIP. And I show you the steps on how to set up a DRIP with Questrade. If you use DRIPs through Questrade EVERY stock or ETF is eligible for a DRIP, even if the stock itself doesn't offer a DRIP program directly =)
Im interested in RioCan but see the Canadian housing market as risky and im also worried that online retail threatens RioCan's malls. Do you guys think these concerns are valid ?
Drew Lyons Those are good reasons not to have ALL your money in REITs, but RioCan is pretty solidly positioned. People have been saying online sales will hurt brick-and-mortar for a long time. Whenever I drive by the mall, the parking lot is still full!
@@drewl4062 Those concerns are definitely valid and retail will be changing in the upcoming years but I feel that RioCan has a diverse and solid portfolio of properties. If you look at RioCan's biggest tenants, they are established retailers which I don't think will ever go away, companies like: Canadian Tire, Walmart, Goodlife, Home Depot, Winners, Costco, Sobeys, Metro, Rexall and Shoppers Drug Mart
@@drewl4062 It's true that they also own a lot of shopping malls which may still have vacancies after Target and Sears closed down and they also lease out to a few companies which will be hurt in the coming years like Cineplex and Best Buy but overall the secure retailers outweigh the uncertain ones, at least in my opinion.
Hi Adrian, I've learned so much from you this past week I can't thank you enough. I have a question. Say I invested enough in riocan (at the vastly reduced price it's at currently) to qualify for a drip. Then the price begins to recover quickly in the coming months. Will I have to purchase additional shares in riocan to avoid falling behind on qualifying for a drip? Thanks in advance, and for all the info. :)
Thanks Blaine for those kind words! And you are exactly right. It is easy to qualify for a DRIP today at the reduced price so you'll need a smaller number than the number I calculated in this video since this video was made before the crash. But once the stock price rises, you will need to buy more stocks to qualify for a DRIP. It doesn't matter when you buy the stocks, it matters how many stocks you own when the dividend is paid! So if the price rises and on the dividend payment date, the dividend is no longer enough to buy a new stock, then the DRIP won't go through and you'll just receive cash. I hope that helps! =)
@@CanadianTShirt I just adding to his question. Say if you have not enough room in your TSFA this year to buy more stocks to qualify for DRIP. Can I still setup DRIP and once I have the room again and buy more stocks to qualify for DRIP?
The TFSA is the closest thing to the Roth IRA that we have in Canada. I'll be releasing a video on investing in your TFSA either tomorrow or Tuesday but if you put in high yield Canadian dividend stocks or dividend ETFs in your TFSA, you will get 4-6% dividends plus capital gains, all entirely tax free! =)
I wasn't expecting to be earning millions overnight but 50 years seems a lot and honestly don't know if a lot of people would live that long to enjoy their returns. I know it's an example and you can invest more but significant growth still would take a verrrry long time.
It's definitely a balancing act! You have to make the decision on how long you want to invest for and when you want to start spending the money. The main idea to illustrate here is that with exponential growth, time is by far the most important advantage you have. So the earlier you can start investing and the longer you can hold it for, the better =)
Thank you Jennifer! I really appreciate that and that's why I started this channel in the first place! I want to make my videos accessible to ANYONE, even absolute beginners! =)
You got it! Remember, investing is a LONG GAME! Do NOT try to "time the market" or try to get rich quick! It CANNOT be done! Instead, invest in the long term and let your dividends reinvest and you'll see the power of exponential growth over the years! =)
Yes that is true but generally, if you are going to hold a dividend stock that means that you believe in its long term future. If you don't believe that you should reinvest in a stock, then it's unlikely that you would be holding it in the first place! But you're right, if for whatever reason you want to use the dividend as cash, you can cancel your DRIP at any time and do what you want with it! =)
Could you please do a video showing the calculation for a worst case scenario in DRIP plan. for example: Manulife reached a peak price of $42 in oct 2007. As of now it is trading at around $19. If someone invested $10,000 in Manulife in 2007 at its peak and used DRIP all the way, I wonder what would the value of their investment be today. Thanks!
Couple questions: 1. How do you know how often a dividend is paid out? For example you said for RioCan it’s paid out every month. How do you know that? 2. How do you know how much a stock pays out in dividends? Example you said RioCan pays out 0.12 cents. Where did you get that info?
I so appreciate all your videos and your responsiveness to questions. One thing on my mind today, is the pros and cons of different ways to approach building up a portfolio of various DRIPS... I wonder if it make sense to focus cash toward one stock or ETF at a time until it reaches enough shares to maintain the DRIP, before moving on to channel cash toward a different ETF or stock. Or, does it make sense to diversify more and spread out cash between more things first, even if that means not everything is able to have a DRIP? So far, I've been leaning more towards the former, as I want to get the DRIPs up and running ASAP, but I'd appreciate your thoughts on ways to approach developing the portfolio
Diversification is the name of the game! I totally get the temptation.... you want to focus all in on one stock to reach that DRIP as soon as possible but please don't do that since you are putting all your eggs in one basket! This is especially risky when you're just starting out! Instead, spread out your investment over several stocks and ETFs and slowly build up to the DRIP status across the board. Sure it will take longer but it is safer =)
I like your videos, really valuable information, thank you. I invest through Wealthsimple I don't pay for each transaction but $10/month for unlimited trades in cad as well as use
WealthSimple is a GREAT option for purely Canadian stocks but for US stocks, I would not recommend it. Even if you are paying the $10 monthly plan for USD. You are STILL charged a currency conversion fee every time you switch between CAD and USD (on top of the $10 monthly fee) Instead use Questrade and NORBERT'S GAMBIT, to convert CAD and USD without paying ANY FEES! It will save you a TON of money in the long run! Check out my tutorial here =) th-cam.com/video/q6Q1dzK8vts/w-d-xo.html
Great video. To check my understanding, with the current RioCan share price today (17.24), the investment amount required to qualify for a DRIP would be 2476.81? That’s quite the difference from when you posted this video haha
That's true! Since March when the markets crashed, RioCan has significantly dropped in value so it's been much easier to qualify for DRIPs and that's good news since for the past 10 months, I've almost DOUBLED the amount of free DRIP shares that I normally should be receiving each month! Keep in mind that RioCan announced that they will be reducing their dividend and this takes into effect in January so you'll have to adjust your calculation again. At that point, it will have a more "normal" dividend yield of around 5.5% so the DRIP amount will be higher as well!
Thank you Ali! I really appreciate that! And unfortunately no.... WealthSimple does NOT allow DRIPs... you'll have to manually reinvest those dividends every month or every quarter. That's one of the limitations that comes with WealthSimple.. Sure you save some money from commission fees but you get what you pay for 😅
Hi Adrian! I've recently come across your channel and it's been a game-changer, taking me from knowing nothing about investing to seriously considering starting as soon as I have a strategy! I do have a question: you've stressed the importance of diversifying so I'm planning to begin by purchasing an ETF, but I'm wondering what to do after that - if I should spread out my current funds among some of the blue-chip dividend stocks you've recommended or choosing one to qualify for a DRIP at the current discounts. Like you said, this market crash is a once-in-a-lifetime opportunity (although the market is rising again, so has that significantly changed?) I usually never comment on TH-cam videos, but I am SO grateful for you and your channel, so you'll see me commenting! Keep up the AWESOME work!!
Thank you Mia for reaching out and welcome to my channel! 😁 I see you already commented on my Questrade tutorial as well so I can tell that you've been busy learning from my videos! 😆
I get this question all the time: should I focus on one stock to get the DRIP or should I diversify! My advice is to diversify, ESPECIALLY for a beginner! You don't want to put all your eggs in one basket, even if you can qualify for a DRIP with only $2000 let's say, what if that stock stops paying a dividend? Then your DRIP is useless! It is much safer to spread out your investment over multiple stocks and ETFs, that way you reduce your risk. Sure it will take longer to reach the DRIP level but don't worry about that, you will get to that point step by step. I hope that helps! =)
@@CanadianTShirt Thanks so much, Adrian! That really does help! And yes, I have just gotten through all your videos but I'm going through them again to make sure I understand everything before investing, so I'll be asking more questions soon! 😅😂
Could you make a video for younger viewers just starting their first full time careers out of school, wanting to invest and get started but without tons and tons of extra money to invest? I'm looking to start investing, saving for retirement and for a down payment, but have no idea where to start. LOVE the videos. Thank you!
Hey Julie! I have a WHOLE playlist just for that called the Millennial Investing Guide! In fact, this DRIP video is a part of that playlist so check it out! =) th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
The first video is super important: the 4 Steps to Wealth Basically BEFORE you start investing you MUST pay off all of your credit card debt and any high interest debt and then build up an emergency savings fund. Only then do you start investing =)
But I will also be making more student focused videos including how to deal with student loan debt and whether you should invest or pay off debt quicker....
@@CanadianTShirt awesome! i’m super blessed to not have any credit card or student loan debt, so i’m excited to open my RSP GIC and start putting away for retirement!
@@itsjuliehoran I wouldn't recommend GICs, especially right now since they are offering awful interest rates of about 1.5% which doesn't even match inflation of 2% so with a GIC, you are locking in your money which you cannot touch and you are basically losing money due to inflation! I'll be making a whole video on GICs so stay tuned for that! =)
Hey guys I've been receiving a lot of emails of people requesting "Edit Permissions" on my DIVIDEND DRIP TRACKER EXCEL SHEET
You don't need to do that! All you have to do is click the link below and then click "Download" ⬇️
bit.ly/2O4f3sr
You will download this as an Excel file and now you can enter your own numbers and do whatever you like with it! 😃
Learn EVERYTHING about investing with my MILLENNIAL INVESTING GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
Hi. Thanks for the content it’s very good have I missed you referral link to Questtrade?
@@CanadianTShirt .. extremely useful this video about drip . Thank u and God bless ..
Awesome videos, great information! I use Google sheets and replicated (manually) the awesome sheet you created. What I was wondering, where do you get the "Book Value" numbers from?
@@erickrgarcia thanks Erick! I answered this question in your other comment below =)
watching this one year later after you've uploaded as ive just gotten into investment and i am blown away by how clear your videos are. You are a national treasure.
Wow! Thanks Marlena! That's so sweet of you to say! 🙏
I'm not quite at the level of Nicolas Cage just yet but I'll get there! 😅
@@CanadianTShirt You're the Canadian Nick Cage!
You do a great job of explaining things in a way most people can understand. You deserve way more followers. Keep up the great work.
Thanks man, I appreciate that! Let me know if you ever have any questions! =)
I agree thank you so much I started investing in my new TFSA account on Wealthsimple yesterday because of you I understand the stock market a whole lot more and will get on Questrade soon and I will definetely use your promo referral, also building a study document and sharing your page with friends you definetely need and deserve lots more followers thank you
The Drip calculation is extremely useful, thank you!!
That's what I love to hear! I'm glad I could help! =)
You need the ultimate drippp
Wow, I am loving your information! I'm a 50 year old stay at home mom that has always wanted to understand how to invest but was too intimidated to ask and had no idea where to start. Your videos are so easy to understand this should be shown to all kids in senior high so they can make better choices and start early. My teenagers will be watching these forsure!! Thank you, Thank you!!
Probably the best stock investment video I’ve ever watched. Thank you!
Wow! Thank you Bumo! =)
There’s a clear cut reason why this guy has as many subscribers as he does. He’s clear and concise. There’s nothing in the fine print. Keep up the good work!
Thank you Mark! I really appreciate those kind words and I'm glad that you are finding so much value in my videos! =)
Anyone who wants to start investing in stocks and ETF’s should follow this guy. What an amazing content and excellent learnings. Thank you Sir 🙏
Thank you for those kind words! I really appreciate that and yes, that's what I try to do! Invest in QUALITY companies through stocks and ETFs to build wealth in the LONG TERM! =)
Thanks for sharing the process on how to sign up for a DRIP on Questrade.
It's my pleasure! I'm glad you found this tutorial helpful! Happy investing! =)
Man, my wife and I are stocked with your videos. You are awesome. Concise, cleaned, and friendly. Congrats, keep up the great work and BIG THANKS for sharing so much knowledge.
I'm happy to help! And I'm so happy to hear that you and your wife watch my videos together! That's a beautiful thing! 😁
I need friends like you. Appreciate you man. I wish you nothing but success
Thank you Mario for those kind words. I really appreciate that 🙏
For the longest time I only had one stock with a DRIP. Additional investment went into a mutual fund. I recently sold this off to buy stocks. I was torn between buying one new stock with enough to DRIP or buying four different stocks to diversify my portfolio. In the end I went with four stocks.
Diversification is the name of the game! I get how tempting it is to put all your money into one stock to reach DRIP status as soon as possible but you NEVER want to put all your eggs in one basket! Build up to the DRIP across multiple stocks, step by step! You'll get there! =)
Thank you for a fantastic explanation. I use the dividends from all my stocks to buy whatever is selling at a deep discount. In 8 years of investing, I have always been able to find something on sale every month. The problem with DRIP approach is that you continue buying even when the price the stock becomes overpriced. The discounted price more than covers the $4.95 lost in commission. Great video.
It's true that you give up control on when to actually buy the shares but in the long run, "time in the market beats trying to time the market"
But if you want to take full control of your dividends and buy whatever is at a discount, then go for it! For everyday investors who don't want to be so active everyday, DRIPs are a great option =)
@@CanadianTShirt Very true. More importantly, actively trading could trigger the CRA to consider you a day trader, which could possibly lead them to tax all the dividends and capital gains even if it is in a sheltered account like a TFSA. This recently happened to a guy. He was stuck with a tax bill over $200,000 for actively trading in his TFSA.
Dude, I'm so happy I found you! I just got into the investing game a couple weeks ago - not because of $GME, I swear.
It took a little while to find you, because I kept getting American channels pushed to me, but I'm so happy I found a fellow hoser who can break this down so well.
Cheers!
hahaha well however it happened, I'm glad you found me! I'm happy that my videos have been helpful, we definitely need more Canadian focused content out here! 🇨🇦
Hi Adrian. You probably wont see this message.
Im a french guys (most of the time in a tshirt) who's settling in canada.
Thanks to your channel I am learning a lot.
I had a small piece of curiosity / feedback to give you if you ever choose to update this video.
You mention the drip can sometime leave some extra cash that goes in your pocket because it was not enough money to reinvest to buy a single share.
I was thinking that some1 who wanted to really push the idea to the maximum would save this extra cash and manually buy extra shares each time it's possible.
Idk if it would have a ridiculously small impact or not on the curve I was just wondering.
Any way great job. Keep it up
Tim
Bonjour Tim! Surprise, I DO see your messages and I try my best to respond to as many questions as I can every day! 😁
What I do is whatever little cash I have leftover from my DRIPs, I use that cash to buy one or two shares of an ETF (something like XEI which has a really small share price) That way, I never have cash just sitting there collecting dust. And remember with questrade, I do NOT pay commission fees when I buy ETFs so even if I'm buying just $20 at a time, it won't cost me anything =)
Bill Nye was great at breaking down science to children. Canadian in a T-Shirt is great at breaking down DRIP to children. Great video friend. This vid was posted right before housing market crash, a great nod to RIOCAN prospects at this stage.
Wow!!! You just made my day!!!!! 😆
Now I need a theme song... and a one syllable name to chant 😎
Science rules
Hello Canadian in a T-Shirt!! I had a few questions on starting DRIP’s. I immediately thought Adrian will know. I scrolled through your video history & here it is, each step that is required.
Thank you for sharing this & using terms that simpletons like myself can understand. Have a great weekend 🙏
You got it buddy! That's what I LOVE to hear! 😁
I'm super impressed with your videos. I'm really new to all of this, and your videos give clear, basic information and provide a real opportunity for me to understand the ins and outs of investing. Hats off to you!
Thank you and that's what I LOVE to hear! I started this channel to help people who are absolute beginners so I'm happy to hear that my videos have been accessible and understandable to someone just starting out! 🙏
By far, the best DRIP description for Canadian investors. Thank you!
Thank you! I know this video is older but I'm glad it is still valuable! 🙏
@@CanadianTShirt Absolutely! 🤘🏻
I really appreciate your channel man. I’m a really young investor(19) and I was so lost and confused on what to Invest in and how but this has made it so much easier for me so thank you!!
Thanks buddy! I'm really happy to hear that my videos are digestible and accessible for beginners! I try really hard to break it down, cut away the bs terminology and get right to the point =)
Uploaded my form 😊 Thank you for making this so simple
My pleasure! Enjoy those DRIPs! 😁
Keep up these videos man, loving them.
Thanks buddy! I'm glad they're helpful! =)
I really have been binging on your videos, they are not only helpful, but finally I actually understand what someone is saying when it comes to finances, I usually get lost in the mumbo jumbo words that people use...but in your case, you make it easier for all of us to learn.
Thank you for those kind words! That's what I try to do! There's a ton of great finance info out there but they tend to use fancy lingo and terminology to sound smart... I try to break it down to the bare bones so that anyone, even a beginner can understand investing! =)
thanks! I listen to these videos a few times a day just to get it to realllllyy sink in. And it WORKS!
Thank you! I really appreciate that and I'm glad that my videos have been helpful! =)
Hey man, thanks for the detailed videos on investing. I can tell how much effort you’re putting into them, much appreciated! Subbed.
Thanks Christian for supporting my channel! You're right, it takes a long time filming and editing these videos but it's all worth it when I see how much you guys appreciate and learn from it =)
This video has finally explained to me why investing is so powerful - exponential growth of your money IS actually possible. Thank you for your clarity! Looking forward to having enougb money to set up a couple of DRIPs soon
Hi Adrian- Awesome videos, so informative, so clear & includes all points possible. What I was learning from watching 5 videos of others, I get to learn watching one video of yours. Amazing. Feels like an academy!
Wow! Thank you so much for those kind words! I really appreciate that and I do take a lot of pride in making my lessons as condense as possible. I HATE wasting anyone's time so I'm glad that my teaching style works! =)
As always so clearly explained. Watching this before putting some of my cash just sitting in my Q trade account to use..
You got it Kalynn! I'm so happy that you found this video helpful! =)
I am mindblown at your ability to explain something I thought was overly complicated. Loving all your videos! I have one question - do you think it's more worth it to invest a larger chunk of cash in ETFs or secure dividend stocks?
Thanks Kathy! That's what I LOVE to hear! I always say, diversification is the name of the game! That's whyI always invest in a MIX of stocks and ETFs across different sectors and industries =)
I've made use of the templet link you had posted. This is a great tool and you deserve a shout-out over this. Thank you 👍
Thank you for saying that! I'm happy to hear that you have found my Excel tracker useful! I've been using it for years, it's second nature to me. I'm glad that other people find value with it 🙏
Sooooo informative!! Waiting for your videos is like waiting for Christmas morning. I've been recommending you to anyone interested in investing.
Thank you so much! I really appreciate you spreading the word and helping my channel grow! 😃
I used to drink coffee in the morning, now I just watch your videos. Keep up the good work mate.
That's what I love to hear, best way to start your day! Thanks for the support buddy! =)
@@CanadianTShirt For sure. Hey man, could you please share your thoughts on ZWC sometime. Thanks again.
Now I just need more money lol
Amen sister! 😅
Thanks for awesome explanation video. Simple and informative
I am pretty new to ETF and DRIP. I will apply this to my investment asap
I'm so happy to hear that you found it helpful! =)
Keep it up! 😁
This guy has D2 in the background. What a bad ass.
Stay a while and listen.... 😛
You explained this beautifully, thank you
Thank you Deb! I appreciate that and thank you for binge-watching so many of my videos this evening! You've had a productive day! 😎
Thanks for this! Wow your channel is growing so fast! keep up quality content :)
Thank you! I can't wait to reach 5k subscribers! Hopefully by the end of 2020! =)
Hello :)
I am practicing calculating DRIPs for some of the stocks I would like to buy. Today I have calculated that current DRIP of KO is $8481.78 and DUK would cost $11,017.65. I just wanted to make sure I am calculating correctly because these DRIPs are quite different from when you posted this video BUT its been 2 years and the DRIPS might have changed significantly.
Thanks for your help!
You got it Shanna! Those numbers look right to me! Always remember to use an inflated share price in the DRIP calculations because you expect the share price to grow over time =)
@@CanadianTShirt Thanks you for confirming! And how often, roughly, should I check in to recalculate the DRIP to make sure I still qualify? I noticed in your video you check in because, for example, it is better to consistently qualify for 3 additional stocks rather than 2.9 since you can't get a fraction of a share. Do you have any recommendation on how often to check in on this to maximize growth but also not drive yourself crazy by checking daily lol?
@@shannacutting4855 great question! You definitely should NOT be checking your portfolio daily! That will drive you mad and likely lead you to panic and sell on emotions... I recommend checking your portfolio about once a week, mainly to see if you have cash sitting there from dividends that you want to reinvest in ETFs. Personally, I go through my whole portfolio about once a month to update my DRIPs and my Excel sheet but whenever I do receive a significant dividend or a DRIP, I also update my Excel sheet for that stock. It's not hard, I just update the new shares I earned, the new book value and I update the dividend amount if it increased and the Max_Value if the share price grew. Honestly it takes me about 30 seconds in total so it's worth doing it regularly =)
@@CanadianTShirt Ok good to know! Thank you SO much, this information is super helpful. I'm just getting started investing and you've really made me feel more confident in making these important decisions. I've watched many of your videos and they've made the difference between investing and not investing...and also not making major mistakes when I do! Thanks again :)
@@shannacutting4855 It's my pleasure! I'm glad I was able to give you the confidence to get started with investing! Keep it up, once you start earning those dividends, you'll be hooked! 😁
*Nice growth on your channel!* 👍
Thanks Tom, I love the name! Hopefully our channels grow exponentially as well!
I'll check out some of your videos =)
Great video overall, and i agree that using a DRIP is almost always preferable. However, i think its slightly misleading to not include the opportunity cost. The shares are not 'free', the money you gain from dividends could be used to purchase growth stocks or pay down a loan. I understand that the your stratagy is stable sustainagle growth , but i just think that assuming the dividend will be spent frivolously makes that option seem worse than it should in the graph.
Hey !! Your Millenial Investing guide is the best thing out there!! Your explanations are clear and precise. The excel files are great. Kudos to you for doing this. I have a couple of doubts. Let's say I have bought TD stocks, with a DRIP of 2.5. So as you mentioned in the video, I would be getting 2 more shares and 0.5 as cash in the first quarter and another 2 more shares with 0.5 in cash in the subsequent one. Does Questrade buy me an extra share(0.5+0.5) if I don't cash out?
Second, could you explain about the PE ratio and what range is the best to see if a purchase is good? It would be great if you could explain the rest of the jargon that you haven't mentioned in the videos and important factors to look into buying a stock in a video. Because no one can explain it the way you do.
Once again, a great set of videos. I wish I had access to these years ago! Anyway, looking forward to your upcoming videos and improving wealth as a community. Happy to have subscribed to your videos brother! Take care!!
Thank you Sundharam! I appreciate your support as always, you've been one of my longest running subscribers back when I was just talking about credit cards! To answer your question, unfortunately they will not combine past fractions of DRIPs. If you have a DRIP of 2.5, you will receive 2 shares and the remaining 0.5 will be paid out as cash. Once that happens, that dividend is fully paid out, you can do whatever you want with that cash. The next time the dividend comes, if you haven't bought any further shares and the share price remains the same, you will get the exact same thing: you will earn 2 shares and the remainder will be paid out in cash. You can't choose to NOT cash out.
Secondly, you read my mind! I will be working on a video where I offer a step-by-step guide on what I look for when I research a stock to buy such as P/E ratio, debt values, payout ratio, dividend growth etc. Stay tuned for that! =)
@@CanadianTShirt Thanks for explaining my doubts. The way you explain everything is so clear and precise. Keep up the good work. Looking forward to watching your next videos.
Excellent video. This used to seem very complicated until You explained it so well. Thanks again.
Thanks buddy! I know how intimidating and complex investing can seem at first so I'm glad to hear that my videos are helpful for beginners! =)
Hi Adrian. You’ve inspired me to get into self-directed investing.
Question for you: how will you know if the dividend you see on Questrade is a monthly or quarterly dividend?
Thank you for sharing your time and knowledge with us. 😊
Thanks Rubbie! That's what I love to hear! 😁
Make sure you check out my Dividends Explained video here:
th-cam.com/video/6xzfgObXxvU/w-d-xo.html
I show you exactly how to find out the dividend frequency of any stock =)
This is 3 years ago, but still very helpful today. Thanks Adrian!
That's what I LOVE to hear! I try to make my videos as helpful and relevant for YEARS down the road =)
This has been super helpful!!!
I'm happy to hear that! Thanks buddy! =)
I think you need a minimum of 100k investment to start feeling getting paid, but your videos are awesome bro you explain better than my finance teacher at university LOL keep going!
Oh no that's not true. It took me YEARS to get to the $100K level but the earlier you start, the better! When it comes to investing, TIME is your greatest ally because of the nature of exponential growth! The longer your money is invested, the faster it accelerates! Even if you start with a small amount of money! =)
But I'm happy to hear that my videos have been so helpful! I know a few college profs and instructors who are actually using my videos in their class which is pretty awesome! But maybe I should charge them for it 😅
Thanks so much for the charts!!
Thanks Vineet! I'm happy to help! =)
I am not a millennial but boy you explained better than my advisor. Thank you!!
I really appreciate that! I'm glad to hear that my video was helpful! 😁
Thanks for the amazing work and effort
Thank you! I'm glad you find it helpful! =)
All of your advice is invaluable for a noob investor like myself. Subscribed. Thanks a million!!!
Thank you Teanna! I'm so happy to hear that my videos have been so helpful! Welcome to my channel! 😁
Will DRIP cause me to overcontribute in my TFSA when my account is already max out? In other words, is DRIP reinvestment amount added into TFSA contribution room?
That is a good question. Any answer yet?
You’re incredible for putting this out for the public. Stay safe and get rich!
Thanks Joseph! That's the plan! 😁
Another great video! What do you recommend to someone who has a smaller amount of money to qualify for drips on only one or two trusted stocks vs diversifying more by going with ETFs instead.
If you have a small amount of money, I would suggest investing in a dividend ETF instead of investing directly into one or two stocks. You don't want to put all your eggs in one basket, even if it's a stock you really trust. Diversification is super important and you gain that from either investing in dozens of companies across different sectors OR the easiest way to diversify is to invest in ETFs
In this video, I only showed DRIPs on dividend stocks in my examples but you can apply DRIPs on ETFs, it's the exact same thing! Check out my video on my favourite Canadian Dividend ETFs to get a sense of what kind of things to look for in an ETF:
th-cam.com/video/hXrN5EVCp8Y/w-d-xo.html
Great video! Learning with you everyday!
Thank you Gino! I really appreciate that and I'm happy that my videos are so helpful! =)
In your "DIVIDEND DRIP TRACKER EXCEL SHEET" How do you find out the max value of the stock?
It's a rough formula I do in my head, just to give me some wiggle room in case the share prices goes up. Basically, I look at the max share price over the past 52 weeks (one year) and then I add an extra 5%. If I feel like a stock is growing at a very fast rate, and everyday is a new max-value, then I add more than 5%. I hope that helps and excellent question! =)
I really like your content even though I had to watch this one twice. Lots of information. Thank you. ⭐️
Thank you! I know I packed a lot of info in this video, I hope it wasn't overwhelming... Let me know if you have any questions! =)
Amazing video. Thanks!!
Thank you! I'm glad it was helpful! =)
Question: How do you know who has a drip and how they require?
Watch the whole video! I show you exactly how to calculated how much you need to qualify for a DRIP. And I show you the steps on how to set up a DRIP with Questrade. If you use DRIPs through Questrade EVERY stock or ETF is eligible for a DRIP, even if the stock itself doesn't offer a DRIP program directly =)
Thanks for the question and the abswer
Learn EVERYTHING about investing with my MILLENNIAL INVESTING GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
And check out my CANADIAN CREDIT CARD GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qGixzriCuazZ1E5RznbhcFB.html
Check out my CANADIAN TAX GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj.html
DRIPs are great! (I own RioCan too)
I remember Shaun! RioCan and Enbridge! You were one of my first subscribers! 😃
Im interested in RioCan but see the Canadian housing market as risky and im also worried that online retail threatens RioCan's malls. Do you guys think these concerns are valid ?
Drew Lyons Those are good reasons not to have ALL your money in REITs, but RioCan is pretty solidly positioned. People have been saying online sales will hurt brick-and-mortar for a long time. Whenever I drive by the mall, the parking lot is still full!
@@drewl4062 Those concerns are definitely valid and retail will be changing in the upcoming years but I feel that RioCan has a diverse and solid portfolio of properties. If you look at RioCan's biggest tenants, they are established retailers which I don't think will ever go away, companies like: Canadian Tire, Walmart, Goodlife, Home Depot, Winners, Costco, Sobeys, Metro, Rexall and Shoppers Drug Mart
@@drewl4062 It's true that they also own a lot of shopping malls which may still have vacancies after Target and Sears closed down and they also lease out to a few companies which will be hurt in the coming years like Cineplex and Best Buy but overall the secure retailers outweigh the uncertain ones, at least in my opinion.
Thank you for this video! So helpful!
It's my pleasure Shanna! I'm so glad you found it helpful! =)
Hi Adrian, I've learned so much from you this past week I can't thank you enough.
I have a question. Say I invested enough in riocan (at the vastly reduced price it's at currently) to qualify for a drip. Then the price begins to recover quickly in the coming months. Will I have to purchase additional shares in riocan to avoid falling behind on qualifying for a drip? Thanks in advance, and for all the info. :)
Thanks Blaine for those kind words! And you are exactly right. It is easy to qualify for a DRIP today at the reduced price so you'll need a smaller number than the number I calculated in this video since this video was made before the crash. But once the stock price rises, you will need to buy more stocks to qualify for a DRIP. It doesn't matter when you buy the stocks, it matters how many stocks you own when the dividend is paid! So if the price rises and on the dividend payment date, the dividend is no longer enough to buy a new stock, then the DRIP won't go through and you'll just receive cash. I hope that helps! =)
@@CanadianTShirt I just adding to his question.
Say if you have not enough room in your TSFA this year to buy more stocks to qualify for DRIP.
Can I still setup DRIP and once I have the room again and buy more stocks to qualify for DRIP?
I wish Canada has something like a Roth ria that’s pays 7% tax free xD
The TFSA is the closest thing to the Roth IRA that we have in Canada. I'll be releasing a video on investing in your TFSA either tomorrow or Tuesday but if you put in high yield Canadian dividend stocks or dividend ETFs in your TFSA, you will get 4-6% dividends plus capital gains, all entirely tax free! =)
Canadian in a T-Shirt you still plan on making the vid?
@@Andy-lr8qp I'm in the middle of editing it right now! This is a long one... but it should be up in a few hours! =)
@@Andy-lr8qp it's launched! Hope you enjoy! =)
Canadian in a T-Shirt thank you 😃
Thanks for all the help my man !!
My pleasure Francis! I'm glad you found it helpful! =)
Thank you... I've started using your Dividend Drip Tracker Sheet...
I'm happy to hear that! I'm glad you found it helpful! =)
Best explanations ever
Thank you! I'm glad you find value in my videos! =)
I wasn't expecting to be earning millions overnight but 50 years seems a lot and honestly don't know if a lot of people would live that long to enjoy their returns. I know it's an example and you can invest more but significant growth still would take a verrrry long time.
It's definitely a balancing act! You have to make the decision on how long you want to invest for and when you want to start spending the money. The main idea to illustrate here is that with exponential growth, time is by far the most important advantage you have. So the earlier you can start investing and the longer you can hold it for, the better =)
great explanation! So easy to follow for a finance noob like me.
I guess all I need now is $20K to invest lol
Don't worry! You do NOT need a giant chunk of money to start! Just start investing with what you can and continue to add to it every month =)
Thank you! Very informative.
I'm currently using my dividends to further diversify my portfolio but plan to set up drips soon.
You got it buddy! That's the way to do it! Reinvest those dividends and gain the power of exponential growth in the long term! =)
thanks for the explanation it was very helpful
Thanks Jordan! I'm glad it was helpful! =)
Hi Adrian!
Your videos are very helpful especially for someone like me who is just starting.
Thank you
Thank you Jennifer! I really appreciate that and that's why I started this channel in the first place! I want to make my videos accessible to ANYONE, even absolute beginners! =)
Compounding truly is awesome to build wealth over time
You got it man! As Einstein said, it's the eighth wonder of the world!
Very informative, definitely brings additional insight and prevents me from doing knee jerk reactions. This will help my family for sure
You got it! Remember, investing is a LONG GAME! Do NOT try to "time the market" or try to get rich quick! It CANNOT be done! Instead, invest in the long term and let your dividends reinvest and you'll see the power of exponential growth over the years! =)
Wish you all the best Sir
Thanks man! Right back at you! 😊
Great video. Only thing is it assumes you you would have a lower rate of return reinvesting the cash in another vehicle.
Yes that is true but generally, if you are going to hold a dividend stock that means that you believe in its long term future. If you don't believe that you should reinvest in a stock, then it's unlikely that you would be holding it in the first place! But you're right, if for whatever reason you want to use the dividend as cash, you can cancel your DRIP at any time and do what you want with it! =)
Awesome man, this has helped me so much in my investing. Awesome channel, you have a loyal supporter, ill be watching all your videos going forward
Thank you Ian! I really appreciate that and I'm glad that my videos have been helpful! =)
Great video, simple to understand. I may use it to explain to my clients in your style that is simple. All the best
Thanks Raj! Sure thing just make sure you tell your clients to subscribe to my channel as well! =)
Great video! I think that I understand things more now! Keep uploading!
Beautiful! That's what I LOVE to hear! 🙏
Could you please do a video showing the calculation for a worst case scenario in DRIP plan. for example: Manulife reached a peak price of $42 in oct 2007. As of now it is trading at around $19. If someone invested $10,000 in Manulife in 2007 at its peak and used DRIP all the way, I wonder what would the value of their investment be today. Thanks!
Couple questions: 1. How do you know how often a dividend is paid out? For example you said for RioCan it’s paid out every month. How do you know that?
2. How do you know how much a stock pays out in dividends? Example you said RioCan pays out 0.12 cents. Where did you get that info?
I literally answer all of those questions in this video, DIVIDENDS EXPLAINED:
th-cam.com/video/6xzfgObXxvU/w-d-xo.html
I hope you enjoy! =)
I so appreciate all your videos and your responsiveness to questions. One thing on my mind today, is the pros and cons of different ways to approach building up a portfolio of various DRIPS... I wonder if it make sense to focus cash toward one stock or ETF at a time until it reaches enough shares to maintain the DRIP, before moving on to channel cash toward a different ETF or stock. Or, does it make sense to diversify more and spread out cash between more things first, even if that means not everything is able to have a DRIP? So far, I've been leaning more towards the former, as I want to get the DRIPs up and running ASAP, but I'd appreciate your thoughts on ways to approach developing the portfolio
Diversification is the name of the game! I totally get the temptation.... you want to focus all in on one stock to reach that DRIP as soon as possible but please don't do that since you are putting all your eggs in one basket! This is especially risky when you're just starting out! Instead, spread out your investment over several stocks and ETFs and slowly build up to the DRIP status across the board. Sure it will take longer but it is safer =)
Awesome job buddy! Respect to the well-documented content you publish.
Thank you Perceval!! I really appreciate that! 🙏
thanks a lot for all your infos =) Really Useful
Thank you! I really appreciate that! 🙏
I like your videos, really valuable information, thank you.
I invest through Wealthsimple I don't pay for each transaction but $10/month for unlimited trades in cad as well as use
WealthSimple is a GREAT option for purely Canadian stocks but for US stocks, I would not recommend it. Even if you are paying the $10 monthly plan for USD. You are STILL charged a currency conversion fee every time you switch between CAD and USD (on top of the $10 monthly fee) Instead use Questrade and NORBERT'S GAMBIT, to convert CAD and USD without paying ANY FEES! It will save you a TON of money in the long run! Check out my tutorial here =)
th-cam.com/video/q6Q1dzK8vts/w-d-xo.html
Thanks i’ll take your advice, helpful.
And congrats you are really doing good. 👍🏻
Well explained! Thank!
Thank you! I'm glad this video was helpful! =)
Feeling blessed that I found your channel 🤗
Feeling blessed that my channel found you! Welcome! =)
Great video. To check my understanding, with the current RioCan share price today (17.24), the investment amount required to qualify for a DRIP would be 2476.81? That’s quite the difference from when you posted this video haha
That's true! Since March when the markets crashed, RioCan has significantly dropped in value so it's been much easier to qualify for DRIPs and that's good news since for the past 10 months, I've almost DOUBLED the amount of free DRIP shares that I normally should be receiving each month! Keep in mind that RioCan announced that they will be reducing their dividend and this takes into effect in January so you'll have to adjust your calculation again. At that point, it will have a more "normal" dividend yield of around 5.5% so the DRIP amount will be higher as well!
This is The best channel ever! Thanks! Just a question, how can we use DRIP in Wealth Simple? Thank you
Thank you Ali! I really appreciate that! And unfortunately no.... WealthSimple does NOT allow DRIPs... you'll have to manually reinvest those dividends every month or every quarter. That's one of the limitations that comes with WealthSimple.. Sure you save some money from commission fees but you get what you pay for 😅
Hi Adrian! I've recently come across your channel and it's been a game-changer, taking me from knowing nothing about investing to seriously considering starting as soon as I have a strategy! I do have a question: you've stressed the importance of diversifying so I'm planning to begin by purchasing an ETF, but I'm wondering what to do after that - if I should spread out my current funds among some of the blue-chip dividend stocks you've recommended or choosing one to qualify for a DRIP at the current discounts. Like you said, this market crash is a once-in-a-lifetime opportunity (although the market is rising again, so has that significantly changed?) I usually never comment on TH-cam videos, but I am SO grateful for you and your channel, so you'll see me commenting! Keep up the AWESOME work!!
I should add that my funds would afford just enough shares for one of the lower-costing drips you mentioned, hence the dilemma!
Thank you Mia for reaching out and welcome to my channel! 😁
I see you already commented on my Questrade tutorial as well so I can tell that you've been busy learning from my videos! 😆
I get this question all the time: should I focus on one stock to get the DRIP or should I diversify! My advice is to diversify, ESPECIALLY for a beginner! You don't want to put all your eggs in one basket, even if you can qualify for a DRIP with only $2000 let's say, what if that stock stops paying a dividend? Then your DRIP is useless! It is much safer to spread out your investment over multiple stocks and ETFs, that way you reduce your risk. Sure it will take longer to reach the DRIP level but don't worry about that, you will get to that point step by step. I hope that helps! =)
@@CanadianTShirt Thanks so much, Adrian! That really does help! And yes, I have just gotten through all your videos but I'm going through them again to make sure I understand everything before investing, so I'll be asking more questions soon! 😅😂
RioCan and Enbridge for life! Loved the video bro, keep it Up!
Thanks buddy! =)
Adrian, thank you very much for how you break this information down. I truly appreciate it.
Thank you Angela, it's my pleasure! 🙏
Just started following you and your content is great. You make it very Simple for beginner investors. Thanks
Thanks Andrae! I'm glad I was able to help! 🙏
Great video. Thanks
I'm happy to hear that! Thanks for watching! =)
grade A + !!! more like hero in a T-shirt
hahaha thank you! Not all heroes wear capes! 😎
Love it! Thanks!!
Thanks Vincent! I'm happy to hear it was helpful! =)
Thanks André from The League. RioCan DRIP example was on point.
Thanks buddy, I'm glad it was useful! =)
Could you make a video for younger viewers just starting their first full time careers out of school, wanting to invest and get started but without tons and tons of extra money to invest? I'm looking to start investing, saving for retirement and for a down payment, but have no idea where to start. LOVE the videos. Thank you!
Hey Julie! I have a WHOLE playlist just for that called the Millennial Investing Guide! In fact, this DRIP video is a part of that playlist so check it out! =)
th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
The first video is super important: the 4 Steps to Wealth
Basically BEFORE you start investing you MUST pay off all of your credit card debt and any high interest debt and then build up an emergency savings fund. Only then do you start investing =)
But I will also be making more student focused videos including how to deal with student loan debt and whether you should invest or pay off debt quicker....
@@CanadianTShirt awesome! i’m super blessed to not have any credit card or student loan debt, so i’m excited to open my RSP GIC and start putting away for retirement!
@@itsjuliehoran I wouldn't recommend GICs, especially right now since they are offering awful interest rates of about 1.5% which doesn't even match inflation of 2% so with a GIC, you are locking in your money which you cannot touch and you are basically losing money due to inflation! I'll be making a whole video on GICs so stay tuned for that! =)
You did such a great job with your explanation! Keep those coming
Thank you! I'm happy to hear that my video was helpful! =)
Very helpful
Thanks Brian! I'm glad it was helpful! =)
Thank you for putting in the effort and also providing us with resources, this video was very informative.
I'm glad I could help! Thanks man! =)