Hi Canadian In a T-shirt, from your experience which invest is best for short term and how much roughly could you get a return if you invested $10,000 for one year?
@@johntes3329 Do not invest in the short term! If you need this money one year from now, do NOT put it in the stock market. Keep it in a High Interest savings account instead! In the short term, the stock market is volatile and you basically have a 50-50 chance of losing money but in the LONG TERM, over the course of 5+ years, you are essentially historically guaranteed to make a profit!
Thank you Kaylani! I really appreciate that and thank you for being such a loyal and active viewer the past few weeks! I think you've pretty much watched and commented on every one of my videos so far! 🙏
I was about to open a brokerage account at my major Canadian bank with its high fees, but discovered your snappy, brilliant videos just in time, and instead opened a Questrade account this evening with your referral link. I'm in my early 50s and am getting more serious about adding stocks to my retirement savings, so your videos are very useful to me -- full of original research plus handy and sensible tips for people of any age and investing background. Keep up the great work!
A tip I learned opening a Questrade TFSA: *you don't need to deposit the initial $1000 all at once* . you can deposit a minimum of $1 into the account at anytime, the account just won't be officially activated (you won't be able to trade) until you have the $1000 min balance in it.
@@williamsim5878 You have to be 18 years old to open an account on your own. If you are below the age of 18, your parents will have to invest on your behalf. I wish I had gotten into investing when I was your age, way to go! 😁
Yessss! Thanks so much for this information. It was a little quick in the section of "how would you like to receive your statements and/or registered mail" but I will watch this probably 5 or 6 times. Only a few more months to go and I will be credit card debt free. I can't wait to start investing
I intentionally brushed over that section and the part with the legal agreements quickly since I don't want to be putting Questrade's legal stuff out there, just to be safe. But filling out that section should be pretty straight forward! Just listing your preferences on how you would like to receive information, earnings reports, stockholder voting events (since you are a part-owner of the company) and other materials. Congrats buddy on almost being credit card debt free! That's a HUGE milestone!!! You must feel like a huge weight is taken off your shoulders!!! 😁
@@CanadianTShirt It makes sense to skip on the legal jargin stuff. 100% As for the cards almost 45k in 4 years! Life thru us a curve ball. Can"t wait to be done and throw that extra at my mortgage and shave 5 years of that too. Slogan of the banks "keep them poor"...boo
That is what I LOVE to hear! I try really hard to break the myth that "investing is hard" or "I should leave it to the pros..." No! You CAN and SHOULD do it yourself! Why throw money down the drain in outrageous "management fees" when you can do it yourself! It's YOUR money, so YOU should be in control! =)
I feel like Stallone right now, "Adriannnnnnn!" Just found you tonight looking for Questrade tutorials and came across your channel and am elated. Concise, informative and very easy for a beginner to follow and not feel overwhelmed in all I've seen so far. Cheers, referral up!
haha thanks Michael but you're missing a very important "Yo" there 😆 I'm glad you found my channel and I'm super happy that my videos have provided value! =)
Wow it was meant to be!!!! Even crazier, I was supposed to release the video yesterday on your birthday but I was delayed. Happy birthday Ryan and happy investing! 😁
@@105tacos7 You know me, I LOVE TD stock but even though it's one of my favourites, I wouldn't put all my eggs in one basket. It's so important to diversify! Especially when you're just getting started, don't worry so much about reaching that DRIP amount right away. I would rather spread out that $6K amount among several stocks across different industries (not just bank stocks) and some ETFs for more exposure. Watch my Stock Pick Videos for some ideas on stocks and ETFs to look for. I hope that helps and way to go buddy! I WISH I had started investing at 18! I really admire your hustle! 😁
That was the best video on opening a trading account that I have seen so far. clear, precise, direct and entertaining. Thnx for sharing. you have a new subcriber
I was watching this in incognito mode and signed in just to leave a comment. Your video is super informative and amazing. Thank you so much for making it. Bless your soul
Well guess who just opened a Questrade acct? Ummm. Me! Thank u Adrian. You're truly changing lives. And yes I made sure to use ur referral code. U deserve it!
That's what I LOVE to hear! I'm so happy to hear that I played a role in your financial journey! I hope you enjoy Questrade, you're gonna get HOOKED once you start buying stocks and earning yourself dividends! And make sure you make the most of that $50 referral bonus! =)
After losing 10 % of my portfolio,I called up on Mr Timothy so he could review my trading and after coaching session with Leon I am earning 20% in profit on my enters portfolio,which is just amazing.....thanks from United States💯
Remember do not invest in the short term.... if you need money for a down payment in the next year or two, I wouldn't recommend investing in the stock market since there's a decent chance you can lose money. In the long term, 5 years or more the stock market is basically guaranteed to be profitable but the short term is far riskier....
This is very interesting, I have opened an account with Questrade but have lost a lot because I was scared on how to make the trade. I will be following your training to learn from the best. Thank you.
Thank you for this. I've had an RRSP for 20 years and I was recently given a large sum of money for inheritance and have been told to open a TFSA and the TD rep made it all sound hard as hell. Once the inheritance cheque clears, I'll be opening a QT account with your link and look into the world of stocks.
You got it buddy! That's a good call! Banks are good for a TON of things but whenever you talk to a bank rep, they are basically just salesmen trying to sell you on their banking products. It's in their best interest to convince you that you cannot do it on your own and that you NEED them to do it for you!
this is a high quality channel from the jump, thanks for your advice i look forward to learning, i wish i could invest in youtube channels cause this one should be blowing up soon
I've watched all of your videos about investing and I just wanna say thanks for being very concise in your videos and making good use of editing! I finished Highschool this year and I'm interested in investing. I'll definitely be using your referral bonus!
Thanks buddy! I'm still pretty new to TH-cam and video editing but I think I have definitely gotten better compared to my oldest videos! I'm glad my videos have been helpful and concise, I try really hard not to pad my videos with fluff, I don't want to waste anyone's time! And congrats on starting your investment journey at such a young age!!! I really admire your hustle and I WISH I had started investing at your age! Feel free to reach out if you have any questions and thanks for supporting my channel! 🙏
Hay Adrian! I just used your referral code opening my first questrade account. Just funded it (sold all TFSA AND RRSP mutual funds from my bank) and QT said it will take about 20 days. Thats when we'll get our "freebees" Thank you for all the valuable info you shared.
@@CanadianTShirt Are you planning on making a : How to analyse Stocks, ETF's and REIT video? Because, at this stage I believe this is the most crucial video for me.
Cool video, thanks! I'm a US person but my mom is Canadian and couldn't get her started using my brokerage Schwab. I'll definitely sign her up and use your referral link.
Thanks Adrian! You gave me the confidence to open up a TFSA account for this year's contributions. I'm planning to move my investments from a managed broker once I get used to trading myself.
Thank you Graham for those kind words! I'm so happy to hear that I helped push you in the right direction! Once you build your comfort and confidence with investing, check out my video on how to TRANSFER those stocks and funds from your broker into Questrade. If you follow my steps, it won't cost you a thing and it won't affect your taxes or contribution room =) th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
Hey GrahamTO, you can also open a managed account with Questrade until you learn how to trade and you can take advantage of their paper trading account which is free to learn trading. Happy investing!
As always, more great content from the Canadian in a t-shirt! Love your channel! I'm signing up for Questrade through your link. Thanks so much for all of the helpful info.
I can definitely do a video like that but in the meantime, check out my playlist on my favourite stocks and ETFs to invest in: th-cam.com/play/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB.html These should give you a diversified portfolio with exposure across various industries in Canada and the US =)
Hello Adrian, Thank you very much for inspiring me to start trading securities. I tried to open my account at Questrade, but after over a week of back and forth with employees there, with issues they had with my name, I gave me the impression that they had too many loops i needed to jump before opening my RSP. The good news is I have an account in WealthSimple Trade, Which by the way it only took about 1/2 hour from beginning to end, and already transfered money from my bank. I will watch your videos and learn more about investing.Keep up the good work.
Hmmm that is very unusual.... like I showed you in this video, I was able to open my Questrade account very easily. Is there anything particularly unusual with your situation? Did you provide them with your SIN?
And WealthSimple Trade is a GREAT platform but I would only recommend them for CANADIAN stocks and ETFs! Do NOT use them for US investments, the currency conversion fees are very expensive, even if you decide to pay $10 per month for their premium "Plus" version. I'll cover this in an upcoming video =)
@@CanadianTShirt Yes, I provided all required docs -I am Canadian Citizen- I have had sometime to explore WealthSimple and I think it will meet my needs as a less sophisticated investor. Thanks for your reply!
haha I filmed the screen recording of me opening my margin account back in May but life kept getting in the way and I was only able to actually make a whole video on it months later! Ya the past few months have definitely been bananas....
Thank you very much for this series. Your videos are great. I just opened my account and added 2 ETF's as my first buys. Thank you again, you represent Canada very well. Keep up the great work.
Check out my TFSA video to learn all the rules regarding contribution room! th-cam.com/video/i_bWf1NyUbE/w-d-xo.html If you sell stocks inside your TFSA and make a profit (capital gains) this does not affect your contribution room directly unless you decide to withdraw that money out of your TFSA and then on January 1 of next year, you will regain that withdrawal amount. The main point is that any profits you make in your TFSA (capital gains or dividends) does NOT count as contributions! It's totally tax free and worry free! Let's say you maxed out your TFSA and then you made an extra $5000 of capital gains inside your TFSA. This $5000 will NOT push you over the limit. You get to enjoy that extra $5000 and continue to invest with it! I hope that helps! =)
Great video Adrian , there's others i just open and turn off right away .Your's is always informative and easy to understand . still waiting video on non dividend TSX small cap growth stock picks .
Thanks David! I really appreciate the feedback and thanks for sticking through my videos until the end! I'll definitely be making a video on my favourite Canadian growth stocks but I'll be upfront, I very rarely invest in individual small cap growth stocks... unless I want to have some fun. When it comes to small cap growth stocks, I'd rather diversify in an ETF rather than trying to pick the needle in the haystack.... But I will be making more videos on growth stocks soon! =)
Thank you for the video! Your videos help a lot! I'm a little confused on what stocks i should be holding in non registered accounts, what stocks for tfsa and what stocks to hold in rrsp. If you could make a video on this or if I missed something please let me know, thank you!
Thanks Shane! I've covered that in my TFSA and RRSP videos so check them out! th-cam.com/video/i_bWf1NyUbE/w-d-xo.html I will also be making a whole video on what stocks to hold in a non-registered account so stay tuned for that! =)
What do you think about only holding TSX stocks like TD/BMO in Wealthsimple Trade because of no commission? The idea being I can purchase a few shares here and there?
If you invest with WealthSimple Trade, I would ONLY hold TSX stocks. WealthSimple is a GREAT platform for CANADIAN investments because of the commission free trades. There are still a lot of limitations with WealthSimple which I will talk about in my comparison review but in terms of minimizing fees, you can't beat commission free trades. Just make sure you only hold Canadian investments with WealthSimple. If you want to invest in US stocks and ETFs, definitely use Questrade. WealthSimple's conversion fee EVERY time you buy or sell a US stock will bleed you dry.... (it's how they make money lol) I'll get into more details in my upcoming review so stay tuned for that! =)
Great to see a fellow Canadian so enthusiastic about the world of stock trading! Thanks for this informative video, it helped me get my account started. All the best :)
Thank you Dany! I really appreciate that and I'm glad that people enjoy my energy! My friends will probably tell you that my enthusiasm is only good in small doses 😅
My son is 14. He has saved some money and wants to start investing. Do you know if he can use Questrade independently or would I have to do it on his behalf until he's 18?
Wow! That's amazing for your son to want to start investing at such a young age! When I was 14, I just wanted to spend my money on junk food and video games 😅 Unfortunately, he won't be able to open an investing account in his name until he's 18, you would have to invest in his behalf. Have you been putting money into his RESP? If you haven't maxed it out, your son can give you his money and then you can contribute that money into your son's RESP and you'll be able to earn free government grant money (up to $500 per year) on top of the tax-free investing. Check out my RESP video for more details on how that works! =) th-cam.com/video/U_R60zS62Vo/w-d-xo.html
@@CanadianTShirt we already contribute to his resp I don't think it's anywhere near maxed out. I'll look at that option. His long term goal is to use it for real estate not tuition.
Hey Ankit! Wow! Thank you for watching my videos all the way from India! Most of my content is purely Canadian focused but I hope you're still getting some value out of my videos! Unfortunately, you have to be a Canadian resident to open a Questrade account.... I'm sure there are some Indian online brokers available but I wouldn't know anything about that... I wish I could help! =)
Hey Adrian, you have great Canadian content ! and keep things nice and simple for us beginners. I was just wondering if you had a spreadsheet template for stock holdings or net worth trackers on excel or any advice on how to start one ?
Thanks Chris! I'm glad my videos are digestible for beginners! =) Check out my video all about dividend DRIPS: th-cam.com/video/ouyXwaTOfhU/w-d-xo.html I include an Excel Dividend Tracking Sheet that I wrote and I personally use to track all of my stocks and the amount required to qualify for a DRIP. I hope that helps! =)
Hi Adrian, 3 questions... 1) what the advantage of buying/owning share over buying ETFs, why buy into 1 when you can buy into a 'pool of many'? 2) if your investment value goes below $1000, do you get penalised for that in QT 3) I've never used the bill payment (add payee) option with my bank, what I do is fund my account/make a payment from the app (investment app or credit card app). Am I missing out by not using the bill payment option?
Great questions! 1. Buying ETFs is generally a safer, more conservative approach than individual stocks because you are diversifying, but I like to do both! ETFs give you great exposure and diversification but remember they still charge a small management fee usually around 0.05% to 0.8%. This is much smaller than Mutual funds which usually charge between 1.5% and 3% but owning individual stocks has no management fee at all! The way I see it, invest in ETFs to get exposure to the whole market but on top of that, you can double down on specific companies that you really believe in by owning stocks to get even more of a reward.
For the other questions: 2. If the total value of your investments across all Questrade accounts falls under $1000, they will charge you a $25 inactivity fee at the end of the quarter (3 month period) If you have more than $1000, you never have to worry about this fee! But if you drop below $1000 you can still waive this fee if you are under the age of 25 or if you deposit at least $150 during this quarter or if you make AT LEAST ONE trade during this quarter. If you meet any of those 3 conditions, you will NOT be charged this inactivity fee!
For question #3: I have never used that approach through the app.... how long does it take for the money to arrive in Questrade? For me using the bill payment method, it arrives the next business day so that's super quick and good enough for me so I never experimented with the other approaches. I know that the interac method is instant but it doesn't work with Visa Debit cards so I never got to try that one either.... I hope that helps! =)
Hi Adrian, I finally open Questrade account using your referral after watching it several times lol thanks to you simplifying in easy way to understand. Question: can you make a video on how to transfer your USD from your bank to Questrade and go through what they meant all, yield, 52 weeks, PE and so on and how we can use them better.. Thanks bro greatly appreciated your work
Adrian, I found your channel last week and have watched almost all of your videos by now! I really appreciate the value of information you provide in a such a easy to understand manner, but most importantly the authenticity you display. What advice would you give to a student who will be graduating soon, living with their parents rent-free, and has 30-40k student debt to pay? If they were to have a decent amount of money saved up, do you think it’s wise to invest it in ETFs and other stocks? Or should they keep that money for a house down-payment?
Hey Nadeem! Welcome to my channel and thank you for watching all of my videos! 🙏 Congratulations on graduating soon! I know how exciting and terrifying it can be, especially when you have to start paying back those student loans....This is a difficult question to answer since it depends on so much (your income, risk tolerance, time horizons, etc) But generally this would be my advice. If the interest rate on your student debt is low, around 3%, then I would suggest that you focus on investing rather than paying off your student loans faster. With investing, you can earn far more than 3% per year in returns but of course it's not guaranteed. If your student loans are higher, let's say 6% then you can still get better returns with investing but paying off your loans is a GUARANTEED 6% return which nice and gives you peace of mind. In that situation, I would probably do both. After you have an emergency savings fund filled up, I would invest about half of your excess money and use the other half to pay off the loans. If you're planning a down payment on a house in the next 3-5 years, you should also start adding money to a High-Interest Savings account for that as well! I hope this makes sense! I will be making a video soon on how you should invest / save money based on different common scenarios for Canadians so stay tuned for that! =)
If I could go back to being young and living with my parents, I would continue to educate myself on finances because we are not really taught this in school. (Especially TFSAs and RRSPs for Canadians.) All of the information I have learned about DRIP accounts TFSAs and RRSPs has been from watching Canadian in a t shirt videos on those subjects. Also, good book series is Rich Dad Poor Dad. It was written 20 years ago, but it is still very relevant. I read it on hoopla through my local library (for free). You should take advantage of living with your parents by being careful with your money. Don't overspend on things you don't really need just to seem cool or be like every one else. Pay off your student loans quickly, which will build your credit and reduce the amount of interest you have to pay, so they will get paid off even quicker! Good credit will help you in your future. Watch Canadian in a t shirt's videos about investing in long term DRIP accounts. I wish I would have been wise and gotten myself at least one DRIP account going when I was in my 20s. Good luck to you!!
@@Jlindss ^ this AC still has liquidity to hold the company a-float for a few more years to come There's no sense in taking a huge loss like that. Air Canada is still a very established airline and I think personally that it will rise again.
Hey guys! The Air Canada question always comes up, I personally don't invest in Air Canada.... I just think there are better investing opportunities to take advantage of and with less risk during this crash. Even though I'm not a fan of Air Canada, I would agree with everyone above... until you sell, that $2K "loss" isn't real. This is the most difficult part of investing: being able to maintain your discipline and not give into fear or panic. That being said, if you are overwhelmed with stress and worry and you can't bear the thought of losing your entire 10K investment, that doesn't mean you have to cash out the entire thing! You can always take little steps: maybe sell $1000 worth of stock to give you peace of mind. Sure, you're locking in a $200 loss but at least you have that $1000 cash to count on. Again, I'm not saying you should do this, but a lot of beginners worry themselves sick and they only see two options: ride it our or sell it all! But those are not the only options... I talk about dollar cost averaging in my videos, where you buy stocks over the course of weeks or months rather than all at once and the SAME method can be applied to selling stocks. I hope that helps and thanks everyone for joining in the discussion! It can be incredibly helpful and reassuring to hear other people's points of view =)
Hey there. You have taken a ton of the mystery out buying stocks/etfs for me. At around 3:50 you talk about maintaining a minimum balance of $1000.00, but in another video you stress the importance of not leaving money as just cash in the account. My question is, do the stocks I purchase count toward that $1000.00? I am thinking they do, but wanted to be sure. I am enjoying your series and chomping at the bit to start trading! Thanks very much!
Thanks buddy! I'm happy to hear that my video is helpful! Yes you are absolutely correct! You do NOT need to hold $1000 cash, you just need to have $1000 inside your Questrade account, so the total amount of cash + stocks must be $1000 to waive the maintenance fee. In fact, due to Covid they relaxed this condition and took away the maintenance fee even if you have less than $1000 now =)
Yes you can definitely transfer money and investments from another bank into a Questrade TFSA. I'll be making a whole video on how to do that but it's pretty straightforward. You can transfer the cash amount from your bank to Questrade. The good thing is that this will NOT count as a TFSA withdrawal or contribution since this money is never leaving the TFSA umbrella! Also, be prepared that your bank will likely charge you a transfer fee, usually between $40 and $150 but the good news is that Questrade will reimburse you this transfer fee up to $150. I hope that helps =)
Thanks Suneil, I might make a video about options in the future but I personally don't invest in options and I don't recommend it for beginners. It is far more complicated and risky than buying and holding stocks and ETFs. If you don't know what you are doing, it is MUCH easier to lose money so don't blindly jump into it. Maybe in the future, I might play around with options but for now, I only want to make videos on things which I have extensive, personal experience with. I hope that helps! =)
This was filmed back in May, overall my TFSA is still down today but it definitely wasn't as bad as back in May. I've significantly reduced my overall cost base by buying lots of stocks on a GREAT discount since then! =) Remember, I really do NOT care about this current "loss"... it isn't a REAL loss unless I sell which I will NOT do! I will continue to hold and keep buying more of these investments and within a year, it will recover and after 10 years, it will FAR surpass the current value! =)
When setting up the account did i have to just upload my drivers license or do i have to upload more documents? Its been a day since i set up my account but it still says finish setting up account today
Normally it should take about two business days but if their traffic is unusually high, it might take longer. Keep checking on the status of your submission =)
Hey Adrian, I'm a new viewer and already a big fan! Thanks for sharing your wealth of knowledge!! I will be opening my first Questrade acct shortly (in weeks) in part thanks to your fantastic videos!!
Thank you Kimmy! I really appreciate those kind words and I'm glad you found me! I'm so happy to hear that you'll be opening an investing account and once you start buying stocks and see your money work for you, you will be hooked! =)
I will be opening a Questrade account soon ... I will definitely use your referral link. A close family friend just bought a TESLA Model S ... MIND BLOWN !!! I feel like I've been following the company and watching the stock volatility from the sidelines for long enough. I just have NO IDEA how to buy $TSLA stocks. I've been watching different TH-cam videos on different trading platforms all morning and its been an emotional ride. LOL Is this the right platform for a guy who just wants to buy maybe one stock a month in a company that he believes in ??? Id kinda like to buy that elusive single starter stock before the 5/1 stock split at the end of the month. I never thought I could be such a chickenshit .... why does this feel so awkward and freaky ??? BTW you earned a Like and Subscribe, thanks for a great video.
Wow! Thanks James! I'm happy to hear that my videos have been helpful and thank you for supporting my channel! 🙏 I have a WHOLE PLAYLIST of video on how to buy US stocks as a Canadian so make sure you check that out! th-cam.com/play/PLj8bU3AuW2qGwOvdOkH_fM9xsXxiF5poZ.html I personally don't invest directly in Tesla although I do indirectly invest in it through ETFs. It's important to invest in companies that you believe in so happy investing! =)
First comment. 🙂 Hi Adrian. I have an account with Questrade. But their google review is 2.3 . That is concerning . I hear people say that they take long to withdraw the money from their account. 😐
Hey Keerthee! That's surprising... I've been with Questrade for 5 years and they are by far my favourite Canadian broker that I have used.... Withdrawing money from your investment account and into your bank account takes 1 to 2 business days. In fact, I just made a withdrawal on Tuesday and I received the money in my chequing account on Wednesday afternoon. This was from my Margin account though, if you withdraw from a registered account like an RRSP, it might take a bit longer since it goes through the CRA. I hope that helps! =)
Could you please make a video explaining which stocks should we own in a non-registered account, knowing that your TFSA and RRSP are maxed out?! Thanks
@@CanadianTShirt Definitely watched all of the vids in the series. Do you have anything on VGRO in any of your vids - curious on your thoughts about it.
Going to start investing in stock market complete novice late 30's, glad I found your channel. But please slow down you talk way to fast in your videos.
Thanks Tangent for stepping in! I naturally talk fast and I have a LOT of info to get through in 20 minutes. If I didn't talk fast, these videos would easily be over 30 minutes and no one wants that. This is why I put the text overlays and I also manually write out English subtitles to help people follow along! If you'd like to slow the video down, hit the Settings (gear icon) and change the Playback Speed to 75% =)
Thanks Adrian....another great segment...congratulations on blowing through 22 + K subscribers....knowing which investments to hold and what types of accounts are less affected for US withholding taxes and other tax considerations is important knowledge . Does Questrade help with other fees if a person wants to consolidate all their holdings to a Questrade account? In other words if a person is charged with fees from their banking institution to transfer an existing TFSA/RRSP/LIRA to a newly opened Questrade account will Questrade help with those fees?
Hi Adrian. I'm opening an Questrade account with your referral code. It asked me to fill W-8BEN form and and I don't see it in your video. Could you show how to fill it? they ask for SSI or ITIN and I don't know what it is. Thanks
Looking forward to your Questrade vs. Wealthsimple video. I’m 100% Questrade like you. Q? When a company pays a dividend, how long does it take to show up in my account? Also, do you get a pop up alert 🚨 of the deposit?
You got it Michael! If the dividend payment day is on a business day (Monday to Friday when the stock market is open) the dividend should arrive first thing that morning. If the dividend payment day is on a weekend or holiday, it will show up the next business day. If you go to your Account Activity, you can see all transactions including when dividends are paid and if a DRIP is applied to your dividend =)
Looks like we both live in Kitchener. I just open an account. Waiting for them to review my documents. First time ever doing this. I will try with 1k and see how it goes. My plan is to invest in SaaS companies.
Hello Adrian! Huge fan here. I'm a Canadian with a disability, I was wondering if you could create a video about the RDSP as well as managing a self-directed account (such as TD or BMO, sadly no Questrade). It's a complex account but there is no good information for people who want to self-direct. Thank you!
I can certainly make a video about the RDSP, there is a ton of info to cover but it can be very powerful! Make sure you max out those government matches! =)
@@CanadianTShirt awesome! That would be so appreciated. While there is a lot of information about the matching aspect, most people end up getting convinced by their banks to invest in mutual funds (currently getting 3%) for lengths of 30-50+ years. There are no videos about investing that capital.
I shoulda known about this back in 2018 of September. I am a First Nation Canadian and my band received a settlement and all members received $15k each and I could have used it to do this, but I knew nothing about this. :(
If you have money on your hands, check out my 4 Steps to Wealth to figure out what to do: th-cam.com/video/mwfdlM7z9YY/w-d-xo.html Basically, BEFORE you should start investing make sure you have paid off any credit card debt and topped up your emergency savings fund! That is SUPER important, only then should you start investing that excess money =)
Need help bro. First, I respect what You do. I am planning to open an account with Questrade and use your promo and will be transferring TSFA which takes 10-20 days. my question is would that mean I only have either 20 or 10 days to use up the $50 credit depending on when my amount will be fully transferred? Because I remember you said we have 30 days to use the $50. Thank you
Can you please make a video how to use bracket order in Questrade or how to set stop loss same time with sending the order without manually set stop loss again.
Great video man! Just created my account today and I'm so excited to get started with investing! I added the payee in my online bank account but for me, Questrade came up as QUESTRADE INC. Is this the same thing? I hope I sent my money to the right address lol. I made sure to include the proper account numbers for my TFSA and RRSP account for each transaction though. Thanks for the help!
Ya that should be it! The name that shows up might vary between different banks but as long as you enter your account # correctly, the money will go through! =)
hey .. Great video .. I have question - what is the best account to open in questrade if you are going to invest in stocks ? Can you make a video explaining which account type is best for what purpose ?
Make sure you check out my TFSA and RRSP videos! =) th-cam.com/video/i_bWf1NyUbE/w-d-xo.html I got over the benefits of each type of account and what kind of investments to hold in each account to maximize your tax efficiency =)
would you be willing to make a video covering penny stocks? which account would you recommend using if you were willing to risk some extra money on penny stocks?
Check out my CANADIAN TAX GUIDE 👇
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Learn EVERYTHING about investing with my MILLENNIAL INVESTING GUIDE 👇
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And be sure to check out my QUESTRADE GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qEIaIoR89ZHl9enwMJzz9De.html
I uploaded the same document 3 times.. it says it will take longer since volume is larger but is there a way to delete 2 of them to make it quicker?
Hi Canadian In a T-shirt, from your experience which invest is best for short term and how much roughly could you get a return if you invested $10,000 for one year?
@@johntes3329 Do not invest in the short term! If you need this money one year from now, do NOT put it in the stock market. Keep it in a High Interest savings account instead! In the short term, the stock market is volatile and you basically have a 50-50 chance of losing money but in the LONG TERM, over the course of 5+ years, you are essentially historically guaranteed to make a profit!
This dude single handedly taught me how to trade stocks. Gonna promote the f outta him!
Thanks Jay! I'm happy to hear that my videos were helpful in your investing journey! I really appreciate you supporting my channel! 🙏
@@CanadianTShirt I finally opened a brokerage account and is there a piece of advice on which stocks I should buy first as a beginner?
Canadian in a T-Shirt also what you’re thoughts on buy stocks on TD?
@@williamsim5878 My personal opinion ; Very good, but depend of the price you buy it :)
@@williamsim5878 I talk about TD stock in detail in this video on my favourite Canadian Dividend Stocks! =)
th-cam.com/video/G_TF2wyqn9s/w-d-xo.html
You've single handedly taught me everything I know about stocks, tfsa, rrsp,etc...thank you for making these great videos!
Thank you Kaylani! I really appreciate that and thank you for being such a loyal and active viewer the past few weeks! I think you've pretty much watched and commented on every one of my videos so far! 🙏
I was about to open a brokerage account at my major Canadian bank with its high fees, but discovered your snappy, brilliant videos just in time, and instead opened a Questrade account this evening with your referral link. I'm in my early 50s and am getting more serious about adding stocks to my retirement savings, so your videos are very useful to me -- full of original research plus handy and sensible tips for people of any age and investing background. Keep up the great work!
This was great. Never seen someone so enthusiastic about the stock market.
Hahaha my friends tell my that my energy and enthusiasm is best enjoyed in small doses 😅
After watching 12 videos, this is the one that made everything sound so simple.
Wow I'm glad you found me and I'm happy to hear this video was helpful! =)
Same. I was starting to waiver, until I watched this. I feel much more informed and confident now.
@@MrDeanerino Thanks guys! That really means a lot to me 🙏
A tip I learned opening a Questrade TFSA: *you don't need to deposit the initial $1000 all at once* . you can deposit a minimum of $1 into the account at anytime, the account just won't be officially activated (you won't be able to trade) until you have the $1000 min balance in it.
Good tip, thanks for sharing! It's definitely easier if you make an initial deposit of $1000 but you're correct, it doesn't have to be all at once =)
Canadian in a T-Shirt can I open an account if I am still a highschool student,
@@williamsim5878 You have to be 18 years old to open an account on your own. If you are below the age of 18, your parents will have to invest on your behalf. I wish I had gotten into investing when I was your age, way to go! 😁
@@CanadianTShirt You should make a different video on dropshipping. I really want to know more about that part of the industry
I opened account, deposit money, bought stocks, sold stocks, made money , only using your videos 😍🥰
That's what I love to hear! It's really not that complicated once you finally do it yourself! =)
Yessss!
Thanks so much for this information. It was a little quick in the section of "how would you like to receive your statements and/or registered mail" but I will watch this probably 5 or 6 times.
Only a few more months to go and I will be credit card debt free. I can't wait to start investing
I intentionally brushed over that section and the part with the legal agreements quickly since I don't want to be putting Questrade's legal stuff out there, just to be safe. But filling out that section should be pretty straight forward! Just listing your preferences on how you would like to receive information, earnings reports, stockholder voting events (since you are a part-owner of the company) and other materials. Congrats buddy on almost being credit card debt free! That's a HUGE milestone!!! You must feel like a huge weight is taken off your shoulders!!! 😁
@@CanadianTShirt It makes sense to skip on the legal jargin stuff. 100%
As for the cards almost 45k in 4 years! Life thru us a curve ball. Can"t wait to be done and throw that extra at my mortgage and shave 5 years of that too. Slogan of the banks "keep them poor"...boo
I opened my account last week! Took me a while to get used it but now I am getting the hang of it. Thanks T-Shirt guy
That's what I love to hear! Way to go buddy and happy investing! =)
I feel like I'm actually capable of making my money grow on its own now without messing it up. Thank you so much
That is what I LOVE to hear! I try really hard to break the myth that "investing is hard" or "I should leave it to the pros..." No! You CAN and SHOULD do it yourself! Why throw money down the drain in outrageous "management fees" when you can do it yourself! It's YOUR money, so YOU should be in control! =)
I feel like Stallone right now, "Adriannnnnnn!"
Just found you tonight looking for Questrade tutorials and came across your channel and am elated. Concise, informative and very easy for a beginner to follow and not feel overwhelmed in all I've seen so far. Cheers, referral up!
haha thanks Michael but you're missing a very important "Yo" there 😆
I'm glad you found my channel and I'm super happy that my videos have provided value! =)
I've forwarded this video to sooo many people. Of all your videos, I haven't watched one dud. You're a fabulous teacher! Thanks for what you do!
Wow! Thank you Ron! I really appreciate that and thank you so much for spreading the word! 🙏
It's like you knew it was my 18th birthday yesterday and I wanted to open up an account lol. Thank you, very helpful!
Wow it was meant to be!!!! Even crazier, I was supposed to release the video yesterday on your birthday but I was delayed. Happy birthday Ryan and happy investing! 😁
@@CanadianTShirt do u recomend i invest 6000$ in my TD bank stocks in my TFSA or to split it with other bank stocks?
@@105tacos7 You know me, I LOVE TD stock but even though it's one of my favourites, I wouldn't put all my eggs in one basket. It's so important to diversify! Especially when you're just getting started, don't worry so much about reaching that DRIP amount right away. I would rather spread out that $6K amount among several stocks across different industries (not just bank stocks) and some ETFs for more exposure. Watch my Stock Pick Videos for some ideas on stocks and ETFs to look for. I hope that helps and way to go buddy! I WISH I had started investing at 18! I really admire your hustle! 😁
@@CanadianTShirt Will I get a 15% withholding tax on ETF dividends if it is PURE Canadian stocks or only if it includes USA stocks?
@@105tacos7 Nope! The 15% US Withholding tax ONLY applies to US dividends. Canadian dividends are totally tax free in a TFSA =)
That was the best video on opening a trading account that I have seen so far. clear, precise, direct and entertaining. Thnx for sharing. you have a new subcriber
Wow! Thank you for those kind words! I'm glad you found me and welcome to the channel! 😁
I was watching this in incognito mode and signed in just to leave a comment. Your video is super informative and amazing. Thank you so much for making it. Bless your soul
Wow! Thank you for making that effort and for those kind words! I really do appreciate that! 🙏
Have a lovely Sunday! =)
Well guess who just opened a Questrade acct? Ummm. Me! Thank u Adrian. You're truly changing lives. And yes I made sure to use ur referral code. U deserve it!
That's what I LOVE to hear! I'm so happy to hear that I played a role in your financial journey! I hope you enjoy Questrade, you're gonna get HOOKED once you start buying stocks and earning yourself dividends! And make sure you make the most of that $50 referral bonus! =)
Thank you for all the videos on my path to becoming financially literate 🤘
That's what I love to hear! I'm happy to help you along this journey! =)
After losing 10 % of my portfolio,I called up on Mr Timothy so he could review my trading and after coaching session with Leon I am earning 20% in profit on my enters portfolio,which is just amazing.....thanks from United States💯
I just started with Questrade. I wanted to use it to gather money for a downpayment for a condo in BC. Thanks for sharing this information.
Remember do not invest in the short term.... if you need money for a down payment in the next year or two, I wouldn't recommend investing in the stock market since there's a decent chance you can lose money. In the long term, 5 years or more the stock market is basically guaranteed to be profitable but the short term is far riskier....
Thank you! I just used your referral and opened the account ! this has been helpful !
Awesome! That's what I love to hear!!! I'm glad I was able to help and happy investing!!! 🔥
This is very interesting, I have opened an account with Questrade but have lost a lot because I was scared on how to make the trade. I will be following your training to learn from the best. Thank you.
Thank you for this. I've had an RRSP for 20 years and I was recently given a large sum of money for inheritance and have been told to open a TFSA and the TD rep made it all sound hard as hell. Once the inheritance cheque clears, I'll be opening a QT account with your link and look into the world of stocks.
You got it buddy! That's a good call! Banks are good for a TON of things but whenever you talk to a bank rep, they are basically just salesmen trying to sell you on their banking products. It's in their best interest to convince you that you cannot do it on your own and that you NEED them to do it for you!
this is a high quality channel from the jump, thanks for your advice i look forward to learning, i wish i could invest in youtube channels cause this one should be blowing up soon
hahaha thanks JeBron! Awesome name by the way! 😆
I'm excited to see how much we can grow in 2021! =)
I've watched all of your videos about investing and I just wanna say thanks for being very concise in your videos and making good use of editing! I finished Highschool this year and I'm interested in investing. I'll definitely be using your referral bonus!
Thanks buddy! I'm still pretty new to TH-cam and video editing but I think I have definitely gotten better compared to my oldest videos! I'm glad my videos have been helpful and concise, I try really hard not to pad my videos with fluff, I don't want to waste anyone's time! And congrats on starting your investment journey at such a young age!!! I really admire your hustle and I WISH I had started investing at your age! Feel free to reach out if you have any questions and thanks for supporting my channel! 🙏
Hay Adrian! I just used your referral code opening my first questrade account. Just funded it (sold all TFSA AND RRSP mutual funds from my bank) and QT said it will take about 20 days. Thats when we'll get our "freebees"
Thank you for all the valuable info you shared.
Transferring funds today! I'm dedicated to learning from you (fellow western alumni)
Way to go!!!! I'm always happy to help a Mustang! 😁
Wait. Western? I'm a Mustang too. Well hello!
@@camilleinlondon save a horse, ride a mustang 🐎 💜
Thank you for simplifying to me on how to trade. You are a born teacher man.
Thank you so much! I really appreciate that! 🙏
Another out of the park video! Great Job man! This would have helped me in February but all good lol
Thanks Stephane for the kind words, as always!!! I'm glad you were able to figure it out on your own and by now, you're probably a Questrade pro! =)
@@CanadianTShirt Are you planning on making a : How to analyse Stocks, ETF's and REIT video? Because, at this stage I believe this is the most crucial video for me.
Subscribed, Liked and Notified! Love your videos and also I created an account. Wish me success, wish us all success!
You got it buddy! I'm happy I was able to help you get started on your investing journey! Keep it up! 😁
Just made my account!
STONKS!
haha I'm loving the excitement! Just wait until you receive your first dividend, you're gonna be hooked! =)
Cool video, thanks! I'm a US person but my mom is Canadian and couldn't get her started using my brokerage Schwab. I'll definitely sign her up and use your referral link.
I appreciate that and I hope your mom enjoys her investing journey! 🙌
This is great (love your videos, small crush lol), will share with my family as they’re always asking how I started investing (like it’s a secret). 🥰🥳
Thank you! I really appreciate you spreading the word to your family and hopefully they can find value in my videos! 🙏
Thanks Adrian! You gave me the confidence to open up a TFSA account for this year's contributions. I'm planning to move my investments from a managed broker once I get used to trading myself.
Thank you Graham for those kind words! I'm so happy to hear that I helped push you in the right direction! Once you build your comfort and confidence with investing, check out my video on how to TRANSFER those stocks and funds from your broker into Questrade. If you follow my steps, it won't cost you a thing and it won't affect your taxes or contribution room =)
th-cam.com/video/Bf1zufNlQSk/w-d-xo.html
Hey GrahamTO, you can also open a managed account with Questrade until you learn how to trade and you can take advantage of their paper trading account which is free to learn trading. Happy investing!
As always, more great content from the Canadian in a t-shirt! Love your channel! I'm signing up for Questrade through your link. Thanks so much for all of the helpful info.
Thank you so much Erin! I'm really happy to hear that my video was helpful and thank you for supporting my channel! 🙏
Thank You SO much. You speak so clear and coherent. It's great learning from you!
Thank you so much Maxine for those kind words! I'm so happy to hear that my videos have been helpful! =)
Love your content-so smart and useful! You should do a “If I were investing 40$k in Canada today” video
I can definitely do a video like that but in the meantime, check out my playlist on my favourite stocks and ETFs to invest in:
th-cam.com/play/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB.html
These should give you a diversified portfolio with exposure across various industries in Canada and the US =)
Agree, I would love to see this too. 😊 thanks Adrian
Love your channel !! Thanks for the Canadians wanting a Canadian perspective of the market.
It's my pleasure! That's why I started this channel in the first place! We need more CANADIAN focused content out there! 🇨🇦
So straightforward! Incredibly concise! Thanks Adrian.
Thanks buddy! I'm happy to help! =)
Hello Adrian, Thank you very much for inspiring me to start trading securities. I tried to open my account at Questrade, but after over a week of back and forth with employees there, with issues they had with my name, I gave me the impression that they had too many loops i needed to jump before opening my RSP.
The good news is I have an account in WealthSimple Trade, Which by the way it only took about 1/2 hour from beginning to end, and already transfered money from my bank. I will watch your videos and learn more about investing.Keep up the good work.
Hmmm that is very unusual.... like I showed you in this video, I was able to open my Questrade account very easily. Is there anything particularly unusual with your situation? Did you provide them with your SIN?
And WealthSimple Trade is a GREAT platform but I would only recommend them for CANADIAN stocks and ETFs! Do NOT use them for US investments, the currency conversion fees are very expensive, even if you decide to pay $10 per month for their premium "Plus" version. I'll cover this in an upcoming video =)
@@CanadianTShirt Yes, I provided all required docs -I am Canadian Citizen- I have had sometime to explore WealthSimple and I think it will meet my needs as a less sophisticated investor. Thanks for your reply!
I love how there's a wealthsimple ad at the veining of this video 🤣🤣 thanks for the info!
hahaha I have no control over what ads show up, Google is the one that decides all that but that's pretty hilarious! 😆
Thanks Dude☺️...I am grateful to learn from you
Thank you Ahmed! I'm happy to hear that my videos have been helpful! =)
Wow this video was made back in May 4. How time flies. Fall is around the corner.
haha I filmed the screen recording of me opening my margin account back in May but life kept getting in the way and I was only able to actually make a whole video on it months later! Ya the past few months have definitely been bananas....
Thank you very much for this series. Your videos are great. I just opened my account and added 2 ETF's as my first buys. Thank you again, you represent Canada very well. Keep up the great work.
Thank you Vince! I'm so glad you found this helpful and congrats on your first investments! You're gonna love it! =)
If I sell stocks for capital gains, will this free up space for my contribution room? 👀
Amazing videos! 🙂
Check out my TFSA video to learn all the rules regarding contribution room!
th-cam.com/video/i_bWf1NyUbE/w-d-xo.html
If you sell stocks inside your TFSA and make a profit (capital gains) this does not affect your contribution room directly unless you decide to withdraw that money out of your TFSA and then on January 1 of next year, you will regain that withdrawal amount. The main point is that any profits you make in your TFSA (capital gains or dividends) does NOT count as contributions! It's totally tax free and worry free!
Let's say you maxed out your TFSA and then you made an extra $5000 of capital gains inside your TFSA. This $5000 will NOT push you over the limit. You get to enjoy that extra $5000 and continue to invest with it! I hope that helps! =)
Great video Adrian , there's others i just open and turn off right away .Your's is always informative and easy to understand . still waiting video on non dividend TSX small cap growth stock picks .
Thanks David! I really appreciate the feedback and thanks for sticking through my videos until the end! I'll definitely be making a video on my favourite Canadian growth stocks but I'll be upfront, I very rarely invest in individual small cap growth stocks... unless I want to have some fun. When it comes to small cap growth stocks, I'd rather diversify in an ETF rather than trying to pick the needle in the haystack.... But I will be making more videos on growth stocks soon! =)
Thank you for the video! Your videos help a lot! I'm a little confused on what stocks i should be holding in non registered accounts, what stocks for tfsa and what stocks to hold in rrsp.
If you could make a video on this or if I missed something please let me know, thank you!
Thanks Shane! I've covered that in my TFSA and RRSP videos so check them out!
th-cam.com/video/i_bWf1NyUbE/w-d-xo.html
I will also be making a whole video on what stocks to hold in a non-registered account so stay tuned for that! =)
Amazing info. Thank you! I hope to make time to watch all your videos.
I hope you enjoy the binge watch! I suggest going through my playlists! I put them in a special order so each order flows into the next =)
Here is my MILLENNIAL INVESTING GUIDE playlist, starting you from square one =)
th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
Thank you for this.
My pleasure! I hope it was helpful! 😃
I learn a lot from your videos, it is really help me and understand much better how to open and control my investment
Thank you Eritrea! I really appreciate that and I'm glad my videos have been helpful! =)
What do you think about only holding TSX stocks like TD/BMO in Wealthsimple Trade because of no commission?
The idea being I can purchase a few shares here and there?
If you invest with WealthSimple Trade, I would ONLY hold TSX stocks. WealthSimple is a GREAT platform for CANADIAN investments because of the commission free trades. There are still a lot of limitations with WealthSimple which I will talk about in my comparison review but in terms of minimizing fees, you can't beat commission free trades. Just make sure you only hold Canadian investments with WealthSimple. If you want to invest in US stocks and ETFs, definitely use Questrade. WealthSimple's conversion fee EVERY time you buy or sell a US stock will bleed you dry.... (it's how they make money lol)
I'll get into more details in my upcoming review so stay tuned for that! =)
You are gold. So easy to understand and apply. Life changing!
I'm so happy to hear that! I'm glad you found my channel and I hope you continue to find value in my videos! 🙏
Excellent video. I'm eagerly awaiting how to transfer TFSA money to Questrade because I want to use TFSA money to invest in both CAN and US stocks.
You got it buddy! That video will be coming out in a few weeks! =)
Hey Adrian, I love dividend stocks and ETF's but i'd love to see your opinion on some good growth stocks to invest in that don't pay a dividend.
You got it Bryan! I will be making lots of videos on my favourite growth stocks and growth ETFs as well! =)
Great to see a fellow Canadian so enthusiastic about the world of stock trading! Thanks for this informative video, it helped me get my account started. All the best :)
Thank you Dany! I really appreciate that and I'm glad that people enjoy my energy! My friends will probably tell you that my enthusiasm is only good in small doses 😅
My son is 14. He has saved some money and wants to start investing. Do you know if he can use Questrade independently or would I have to do it on his behalf until he's 18?
Wow! That's amazing for your son to want to start investing at such a young age! When I was 14, I just wanted to spend my money on junk food and video games 😅
Unfortunately, he won't be able to open an investing account in his name until he's 18, you would have to invest in his behalf. Have you been putting money into his RESP?
If you haven't maxed it out, your son can give you his money and then you can contribute that money into your son's RESP and you'll be able to earn free government grant money (up to $500 per year) on top of the tax-free investing. Check out my RESP video for more details on how that works! =)
th-cam.com/video/U_R60zS62Vo/w-d-xo.html
@@CanadianTShirt we already contribute to his resp I don't think it's anywhere near maxed out. I'll look at that option. His long term goal is to use it for real estate not tuition.
Just opened my new Questrade account with your referral. Let's enjoy now! :)
Hi Adrian,
I am from and living in India
Can I trade on questrade being here? Or is it that only Canadian and US people can trade on it ?
Hey Ankit! Wow! Thank you for watching my videos all the way from India! Most of my content is purely Canadian focused but I hope you're still getting some value out of my videos!
Unfortunately, you have to be a Canadian resident to open a Questrade account.... I'm sure there are some Indian online brokers available but I wouldn't know anything about that... I wish I could help! =)
@@CanadianTShirt okay....
Thanks Adrian for your reply 👍
thank you for this video! I'm just getting into investing and this is a very straightforward tutorial
Thanks Meegan! That's what I LOVE to hear! Happy investing! 😁
Hey Adrian, you have great Canadian content ! and keep things nice and simple for us beginners. I was just wondering if you had a spreadsheet template for stock holdings or net worth trackers on excel or any advice on how to start one ?
Thanks Chris! I'm glad my videos are digestible for beginners! =)
Check out my video all about dividend DRIPS:
th-cam.com/video/ouyXwaTOfhU/w-d-xo.html
I include an Excel Dividend Tracking Sheet that I wrote and I personally use to track all of my stocks and the amount required to qualify for a DRIP. I hope that helps! =)
Hi Adrian,
3 questions...
1) what the advantage of buying/owning share over buying ETFs, why buy into 1 when you can buy into a 'pool of many'?
2) if your investment value goes below $1000, do you get penalised for that in QT
3) I've never used the bill payment (add payee) option with my bank, what I do is fund my account/make a payment from the app (investment app or credit card app). Am I missing out by not using the bill payment option?
Great questions!
1. Buying ETFs is generally a safer, more conservative approach than individual stocks because you are diversifying, but I like to do both! ETFs give you great exposure and diversification but remember they still charge a small management fee usually around 0.05% to 0.8%. This is much smaller than Mutual funds which usually charge between 1.5% and 3% but owning individual stocks has no management fee at all! The way I see it, invest in ETFs to get exposure to the whole market but on top of that, you can double down on specific companies that you really believe in by owning stocks to get even more of a reward.
For the other questions:
2. If the total value of your investments across all Questrade accounts falls under $1000, they will charge you a $25 inactivity fee at the end of the quarter (3 month period)
If you have more than $1000, you never have to worry about this fee!
But if you drop below $1000 you can still waive this fee if you are under the age of 25 or if you deposit at least $150 during this quarter or if you make AT LEAST ONE trade during this quarter. If you meet any of those 3 conditions, you will NOT be charged this inactivity fee!
For question #3:
I have never used that approach through the app.... how long does it take for the money to arrive in Questrade?
For me using the bill payment method, it arrives the next business day so that's super quick and good enough for me so I never experimented with the other approaches. I know that the interac method is instant but it doesn't work with Visa Debit cards so I never got to try that one either.... I hope that helps! =)
@@CanadianTShirt thanks Adrian. Really appreciate the response...
I can't wait for that qt and ws review
That video is definitely coming! I appreciate your patience! =)
Thank you!!! U have answered a question I had and didn’t know where to look!!! Just happened to see u while browsing YT 😅
Thank you Gayle! I'm glad you found my channel and that I was able to help! Happy investing! 😁
@@CanadianTShirt I just tried to use your promo code listed in your description and it wasn’t recognized????
Omg! Ty ty ty
hahaha you're welcome, you're welcome, you're welcome! 😆
Hi Adrian, I finally open Questrade account using your referral after watching it several times lol thanks to you simplifying in easy way to understand.
Question: can you make a video on how to transfer your USD from your bank to Questrade and go through what they meant all, yield, 52 weeks, PE and so on and how we can use them better..
Thanks bro greatly appreciated your work
Adrian, I found your channel last week and have watched almost all of your videos by now! I really appreciate the value of information you provide in a such a easy to understand manner, but most importantly the authenticity you display.
What advice would you give to a student who will be graduating soon, living with their parents rent-free, and has 30-40k student debt to pay? If they were to have a decent amount of money saved up, do you think it’s wise to invest it in ETFs and other stocks? Or should they keep that money for a house down-payment?
Hey Nadeem! Welcome to my channel and thank you for watching all of my videos! 🙏
Congratulations on graduating soon! I know how exciting and terrifying it can be, especially when you have to start paying back those student loans....This is a difficult question to answer since it depends on so much (your income, risk tolerance, time horizons, etc) But generally this would be my advice. If the interest rate on your student debt is low, around 3%, then I would suggest that you focus on investing rather than paying off your student loans faster. With investing, you can earn far more than 3% per year in returns but of course it's not guaranteed. If your student loans are higher, let's say 6% then you can still get better returns with investing but paying off your loans is a GUARANTEED 6% return which nice and gives you peace of mind. In that situation, I would probably do both. After you have an emergency savings fund filled up, I would invest about half of your excess money and use the other half to pay off the loans. If you're planning a down payment on a house in the next 3-5 years, you should also start adding money to a High-Interest Savings account for that as well! I hope this makes sense! I will be making a video soon on how you should invest / save money based on different common scenarios for Canadians so stay tuned for that! =)
If I could go back to being young and living with my parents, I would continue to educate myself on finances because we are not really taught this in school. (Especially TFSAs and RRSPs for Canadians.) All of the information I have learned about DRIP accounts TFSAs and RRSPs has been from watching Canadian in a t shirt videos on those subjects. Also, good book series is Rich Dad Poor Dad. It was written 20 years ago, but it is still very relevant. I read it on hoopla through my local library (for free). You should take advantage of living with your parents by being careful with your money. Don't overspend on things you don't really need just to seem cool or be like every one else. Pay off your student loans quickly, which will build your credit and reduce the amount of interest you have to pay, so they will get paid off even quicker! Good credit will help you in your future. Watch Canadian in a t shirt's videos about investing in long term DRIP accounts. I wish I would have been wise and gotten myself at least one DRIP account going when I was in my 20s. Good luck to you!!
Great video step by step and detailed. I like your pace as well don't waste any time
Thanks bud! I really appreciate that! =)
Hey bought about 10K worth of air canada at $20 a share I already lost 2K should I take the loss or ride it out ? :/
ride it out
@@Jlindss ^ this
AC still has liquidity to hold the company a-float for a few more years to come
There's no sense in taking a huge loss like that. Air Canada is still a very established airline and I think personally that it will rise again.
Hold it man. You didn’t really lose anything unless you sell ! So focus on the long run
Hey guys! The Air Canada question always comes up, I personally don't invest in Air Canada.... I just think there are better investing opportunities to take advantage of and with less risk during this crash. Even though I'm not a fan of Air Canada, I would agree with everyone above... until you sell, that $2K "loss" isn't real. This is the most difficult part of investing: being able to maintain your discipline and not give into fear or panic. That being said, if you are overwhelmed with stress and worry and you can't bear the thought of losing your entire 10K investment, that doesn't mean you have to cash out the entire thing! You can always take little steps: maybe sell $1000 worth of stock to give you peace of mind. Sure, you're locking in a $200 loss but at least you have that $1000 cash to count on. Again, I'm not saying you should do this, but a lot of beginners worry themselves sick and they only see two options: ride it our or sell it all! But those are not the only options... I talk about dollar cost averaging in my videos, where you buy stocks over the course of weeks or months rather than all at once and the SAME method can be applied to selling stocks. I hope that helps and thanks everyone for joining in the discussion! It can be incredibly helpful and reassuring to hear other people's points of view =)
Thanks so much I’m just going to ride it out and see what happens thank you :)
Hey there. You have taken a ton of the mystery out buying stocks/etfs for me. At around 3:50 you talk about maintaining a minimum balance of $1000.00, but in another video you stress the importance of not leaving money as just cash in the account. My question is, do the stocks I purchase count toward that $1000.00? I am thinking they do, but wanted to be sure. I am enjoying your series and chomping at the bit to start trading! Thanks very much!
Thanks buddy! I'm happy to hear that my video is helpful! Yes you are absolutely correct! You do NOT need to hold $1000 cash, you just need to have $1000 inside your Questrade account, so the total amount of cash + stocks must be $1000 to waive the maintenance fee. In fact, due to Covid they relaxed this condition and took away the maintenance fee even if you have less than $1000 now =)
If i have money in a TFSA with a bank, how do i transfer that money to my questrade? Thanks!
Yes you can definitely transfer money and investments from another bank into a Questrade TFSA. I'll be making a whole video on how to do that but it's pretty straightforward. You can transfer the cash amount from your bank to Questrade. The good thing is that this will NOT count as a TFSA withdrawal or contribution since this money is never leaving the TFSA umbrella! Also, be prepared that your bank will likely charge you a transfer fee, usually between $40 and $150 but the good news is that Questrade will reimburse you this transfer fee up to $150. I hope that helps =)
@@CanadianTShirt you answered many questions thank you so much!!
@@Hallows3that was very helpful actually
Love your videos, Look forward to a video about why you don't trade options.....would be interesting.
Thanks Suneil, I might make a video about options in the future but I personally don't invest in options and I don't recommend it for beginners. It is far more complicated and risky than buying and holding stocks and ETFs. If you don't know what you are doing, it is MUCH easier to lose money so don't blindly jump into it. Maybe in the future, I might play around with options but for now, I only want to make videos on things which I have extensive, personal experience with. I hope that helps! =)
13:57 your P&L mean you are down - 4 498.59 CAD wow
This was filmed back in May, overall my TFSA is still down today but it definitely wasn't as bad as back in May. I've significantly reduced my overall cost base by buying lots of stocks on a GREAT discount since then! =)
Remember, I really do NOT care about this current "loss"... it isn't a REAL loss unless I sell which I will NOT do! I will continue to hold and keep buying more of these investments and within a year, it will recover and after 10 years, it will FAR surpass the current value! =)
@@CanadianTShirt i hope it will recover, thanks for your reply
Excellent detailed video on how to open a Questrade account.
Thanks Jim! I'm glad it was helpful! =)
When setting up the account did i have to just upload my drivers license or do i have to upload more documents? Its been a day since i set up my account but it still says finish setting up account today
i believe it took a couple days for me, I only uploaded my drivers licence, keep checking daily
Normally it should take about two business days but if their traffic is unusually high, it might take longer. Keep checking on the status of your submission =)
Hey Adrian, I'm a new viewer and already a big fan! Thanks for sharing your wealth of knowledge!! I will be opening my first Questrade acct shortly (in weeks) in part thanks to your fantastic videos!!
Thank you Kimmy! I really appreciate those kind words and I'm glad you found me! I'm so happy to hear that you'll be opening an investing account and once you start buying stocks and see your money work for you, you will be hooked! =)
I will be opening a Questrade account soon ... I will definitely use your referral link. A close family friend just bought a TESLA Model S ... MIND BLOWN !!! I feel like I've been following the company and watching the stock volatility from the sidelines for long enough. I just have NO IDEA how to buy $TSLA stocks. I've been watching different TH-cam videos on different trading platforms all morning and its been an emotional ride. LOL Is this the right platform for a guy who just wants to buy maybe one stock a month in a company that he believes in ??? Id kinda like to buy that elusive single starter stock before the 5/1 stock split at the end of the month. I never thought I could be such a chickenshit .... why does this feel so awkward and freaky ??? BTW you earned a Like and Subscribe, thanks for a great video.
Wow! Thanks James! I'm happy to hear that my videos have been helpful and thank you for supporting my channel! 🙏 I have a WHOLE PLAYLIST of video on how to buy US stocks as a Canadian so make sure you check that out!
th-cam.com/play/PLj8bU3AuW2qGwOvdOkH_fM9xsXxiF5poZ.html
I personally don't invest directly in Tesla although I do indirectly invest in it through ETFs. It's important to invest in companies that you believe in so happy investing! =)
@@CanadianTShirt
Big Thumbs Up !!!
First comment. 🙂 Hi Adrian. I have an account with Questrade. But their google review is 2.3 . That is concerning . I hear people say that they take long to withdraw the money from their account. 😐
Hey Keerthee! That's surprising... I've been with Questrade for 5 years and they are by far my favourite Canadian broker that I have used.... Withdrawing money from your investment account and into your bank account takes 1 to 2 business days. In fact, I just made a withdrawal on Tuesday and I received the money in my chequing account on Wednesday afternoon. This was from my Margin account though, if you withdraw from a registered account like an RRSP, it might take a bit longer since it goes through the CRA. I hope that helps! =)
Love your energy Adrian! You make learning easy
I'm so happy to hear that! Thank you for those kind words! 😁
Could you please make a video explaining which stocks should we own in a non-registered account, knowing that your TFSA and RRSP are maxed out?! Thanks
You bet I will Luis! I'll be making multiple videos on that topic as well as how dividends and capital gains are taxed in a non-registered account =)
Wow @13:45 minute mark that was the FASTEST leap from Friday to Monday I've ever seen.
🤣
hahaha the weekend was a total blur 🤣
@@CanadianTShirt lol
I'm just starting out - this is exactly what I needed to see!
Thank you Aldin! I'm glad my video was able to help, happy investing! =)
@@CanadianTShirt Definitely watched all of the vids in the series. Do you have anything on VGRO in any of your vids - curious on your thoughts about it.
Going to start investing in stock market complete novice late 30's, glad I found your channel. But please slow down you talk way to fast in your videos.
You can slow down the playback speed via the gear icon
@@BluesBoyJonny thank you
Thanks Tangent for stepping in!
I naturally talk fast and I have a LOT of info to get through in 20 minutes. If I didn't talk fast, these videos would easily be over 30 minutes and no one wants that. This is why I put the text overlays and I also manually write out English subtitles to help people follow along! If you'd like to slow the video down, hit the Settings (gear icon) and change the Playback Speed to 75% =)
@@Mykamania No problem. The feature is also really handy if you're learning guitar :D
@@CanadianTShirt I'm stunned and impressed that you're replying to an older video! Thank you for your hard work and great videos.
Thanks Adrian....another great segment...congratulations on blowing through 22 + K subscribers....knowing which investments to hold and what types of accounts are less affected for US withholding taxes and other tax considerations is important knowledge . Does Questrade help with other fees if a person wants to consolidate all their holdings to a Questrade account? In other words if a person is charged with fees from their banking institution to transfer an existing TFSA/RRSP/LIRA to a newly opened Questrade account will Questrade help with those fees?
Hi Adrian. I'm opening an Questrade account with your referral code. It asked me to fill W-8BEN form and and I don't see it in your video. Could you show how to fill it? they ask for SSI or ITIN and I don't know what it is. Thanks
Looking forward to your Questrade vs. Wealthsimple video. I’m 100% Questrade like you. Q? When a company pays a dividend, how long does it take to show up in my account? Also, do you get a pop up alert 🚨 of the deposit?
You got it Michael! If the dividend payment day is on a business day (Monday to Friday when the stock market is open) the dividend should arrive first thing that morning. If the dividend payment day is on a weekend or holiday, it will show up the next business day. If you go to your Account Activity, you can see all transactions including when dividends are paid and if a DRIP is applied to your dividend =)
Looks like we both live in Kitchener. I just open an account. Waiting for them to review my documents. First time ever doing this. I will try with 1k and see how it goes. My plan is to invest in SaaS companies.
Hello Adrian! Huge fan here. I'm a Canadian with a disability, I was wondering if you could create a video about the RDSP as well as managing a self-directed account (such as TD or BMO, sadly no Questrade). It's a complex account but there is no good information for people who want to self-direct. Thank you!
I can certainly make a video about the RDSP, there is a ton of info to cover but it can be very powerful! Make sure you max out those government matches! =)
@@CanadianTShirt awesome! That would be so appreciated. While there is a lot of information about the matching aspect, most people end up getting convinced by their banks to invest in mutual funds (currently getting 3%) for lengths of 30-50+ years. There are no videos about investing that capital.
Hi,Adrian! Thank you for this video.
Thanks Punit! I'm glad to hear it was helpful! =)
I’m not in Toronto so... I’m in montreal 7 hour drive but I will continue to watch your video to learn and advance thanks anyway
That's great! If I'm ever in Montreal, I'll let you know! =)
Thank. Can you short a stock on questrade
10/10 quality content !
Thx bruh !
Thanks buddy! I really appreciate that! 🙏
Thank you for making such a clear video! Really helped me out, wayyy more than other videos. You have yourself a new subscriber! Thank you again!
Thank you Angela! I really appreciate those kind words and I'm happy to hear that my videos have been so helpful! Welcome to the family! 🙏
I shoulda known about this back in 2018 of September. I am a First Nation Canadian and my band received a settlement and all members received $15k each and I could have used it to do this, but I knew nothing about this. :(
If you have money on your hands, check out my 4 Steps to Wealth to figure out what to do:
th-cam.com/video/mwfdlM7z9YY/w-d-xo.html
Basically, BEFORE you should start investing make sure you have paid off any credit card debt and topped up your emergency savings fund! That is SUPER important, only then should you start investing that excess money =)
Hey man, you're doing an awesome job with this channel, keep the quality content coming - way to go!
Thank you Shai! I really appreciate that and you bet! 🙏
Need help bro. First, I respect what You do. I am planning to open an account with Questrade and use your promo and will be transferring TSFA which takes 10-20 days. my question is would that mean I only have either 20 or 10 days to use up the $50 credit depending on when my amount will be fully transferred? Because I remember you said we have 30 days to use the $50.
Thank you
Can you please make a video how to use bracket order in Questrade or how to set stop loss same time with sending the order without manually set stop loss again.
My name is also Adrian, coincidentally Canadian, and wearing a t-shirt!
Uh oh.... too much coincidence, there can only be one!!! 😆
Great video man! Just created my account today and I'm so excited to get started with investing! I added the payee in my online bank account but for me, Questrade came up as QUESTRADE INC. Is this the same thing? I hope I sent my money to the right address lol. I made sure to include the proper account numbers for my TFSA and RRSP account for each transaction though. Thanks for the help!
Ya that should be it! The name that shows up might vary between different banks but as long as you enter your account # correctly, the money will go through! =)
@@CanadianTShirt Yup! Everything went through! Just started investing today and it feels great! Thanks again for the awesome videos! 👍👍
hey .. Great video .. I have question - what is the best account to open in questrade if you are going to invest in stocks ?
Can you make a video explaining which account type is best for what purpose ?
Make sure you check out my TFSA and RRSP videos! =)
th-cam.com/video/i_bWf1NyUbE/w-d-xo.html
I got over the benefits of each type of account and what kind of investments to hold in each account to maximize your tax efficiency =)
would you be willing to make a video covering penny stocks? which account would you recommend using if you were willing to risk some extra money on penny stocks?
Man, I am new to your channel and I love your video. And of course,I liked and subscribed to your channel right away!!!
Thanks buddy! I really appreciate that and welcome to the family! 😁
Thanks for your information, soon i am going to open an account on Questrade.
That's what I love to hear! Happy investing! =)