Just an FYI - I'm a financial advisor, I don't use risk tolerance questionnaires, and they are not required. I do agree they are prevalent in my industry, and often used to cya when the client wants to know why they are under-performing in an up market, or experiencing more volatility than they expected. Advisors that use a questionnaire can simply point to it as the reason why.
What do you think about leveraged ETFs and dollar cost averaging into them for the long long term 20+ years? Ex: QLD or HQU or HSU I love the videos and information you bring to the table. I would like to do the smith maneuver but I still need to study it and get the wife on board cuz its way over our heads with the technique haha
Leveraged ETFs can be strong wealth-builders, but it's dangerous to hold them long-term. What happens with a 2:1 leveraged ETF when the market falls 50% (and then recovers)?
If you want to learn about the Smith Manoeuvre, the best post on the internet about it is here: edrempel.com/smith-manoeuvre/ . It is borrowing to invest, which is a risky strategy, but the risk is far lower long-term. From experience, the Smith Manoeuvre often makes the difference to make a retirement plan work. It allows you to invest for your retirement without using your cash flow. If you really can stick with it long-term through declines, the Smith Manoeuvre is one of the best wealth-building strategies.
If you are 100% aggressive equities, what do you live on? Do you sell equities in a down market in order to pay for expenses? Be interesting to see how that affects long term growth.
Yes, just sell a bit of your equities every month. This has been far more effective than doing it with fixed income. It has been reliable 97% of the time the last 150 years, and 100% with some effective management. edrempel.com/is-typical-retirement-advice-good-advice-testing-retirement-rules-of-thumb-as-seen-in-canadian-moneysaver/
Many people that consider themselves index investors but asset allocation ETFs that own 4 or 5 index ETFs. It's common for index investor blogs & podcasts to recommend this type of strategy.
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Just an FYI - I'm a financial advisor, I don't use risk tolerance questionnaires, and they are not required. I do agree they are prevalent in my industry, and often used to cya when the client wants to know why they are under-performing in an up market, or experiencing more volatility than they expected. Advisors that use a questionnaire can simply point to it as the reason why.
Right on!
What do you think about leveraged ETFs and dollar cost averaging into them for the long long term 20+ years? Ex: QLD or HQU or HSU I love the videos and information you bring to the table. I would like to do the smith maneuver but I still need to study it and get the wife on board cuz its way over our heads with the technique haha
Leveraged ETFs can be strong wealth-builders, but it's dangerous to hold them long-term. What happens with a 2:1 leveraged ETF when the market falls 50% (and then recovers)?
If you want to learn about the Smith Manoeuvre, the best post on the internet about it is here: edrempel.com/smith-manoeuvre/ . It is borrowing to invest, which is a risky strategy, but the risk is far lower long-term. From experience, the Smith Manoeuvre often makes the difference to make a retirement plan work. It allows you to invest for your retirement without using your cash flow. If you really can stick with it long-term through declines, the Smith Manoeuvre is one of the best wealth-building strategies.
If you are 100% aggressive equities, what do you live on? Do you sell equities in a down market in order to pay for expenses? Be interesting to see how that affects long term growth.
Yes, just sell a bit of your equities every month. This has been far more effective than doing it with fixed income. It has been reliable 97% of the time the last 150 years, and 100% with some effective management. edrempel.com/is-typical-retirement-advice-good-advice-testing-retirement-rules-of-thumb-as-seen-in-canadian-moneysaver/
Sorry, but it seems the video confuses index ETFs with assets allocation ETFs
Many people that consider themselves index investors but asset allocation ETFs that own 4 or 5 index ETFs. It's common for index investor blogs & podcasts to recommend this type of strategy.