Your 1st unveil or proof of concept I believed. Now, I've gained experience and knowledge on how to turn cash into monthly income. I was so nervous and afraid before in buying and swapping income oriented stocks, not anymore. Managing thousands of dollars now aiming for 1M as well when I sell my asset. Much gratitude!
Adriano, Thanks again for doing this - and for not only sharing your portfolio changes - but also your rationale for your decisions. One question you may be able to answer for me is - regarding FEPI - you recently covered it in your recent video review of this Fund - which currently pays 25%+ and has in it’s first four months it has - gained in its price value! Solid performance! It’s focused on 15 Fang names - and should do very well from an ‘AI’ standpoint - wondering what your thinking is?
Interesting move selling HDIV. I sold HYLD, HDIV, and HDIF for ESPX and ETSX as my core income positions last year, but I’m a hybrid between growth and income.
I would consider myself a hybrid investor too. But I see that his portfolio has also grown significantly. Most of his stocks are super high yield dividend stocks. I am new to investing so still learning.
@@mustafahussain2416 Income focused funds still increase in bull markets, plus Adrian has 25% leverage in most his funds, so gets that boost as well. Be careful of using leverage though, as during market corrections, your portfolio will go down 25% more than if you weren’t using it, and the covered call strategy won’t cushion the amplified fall, especially if it’s a short duration crash like in covid 2020.
Im young so I am more growth oriented. Next five years might become a 50/50 investor myself. By the time im in my mid 40's I will be closer to income. Just do what works for you at the time.
I had 17K FTN and 12K DFN from the dip of Nov 2023 … now I’m up a lot 😁 I been selling bit by bit! Also HMAX.. I had sold HYLD and HDIV and HDIF while back at a Positive! Only buy high yield dividend on market crash and good to buy Growth stocks and go covered call 😊
Thank you the video I always enjoy them and get great information. One question if you can clarify. If your funds are on drip, like hdiv, isn't the total value when you sell all the shares the total value since you owned it? because the dividend just bought more shares? You always say that you took a capital loss but ended positive because of the dividend. but the end value is the total value because the dividend just went to more shares. Thank you
Question: Why is majority of your RRSP portfolio is in leveraged ETFs and your TFSA portfolio is more safer. I would think that while you young and able to work it is better to have leveraged ETFs in TFSA and more safer ETFs in RRSP (just in case? Just to be on safer side)?
Good video. Congratulations on such high returns. To help us better follow your portfolio, and funds , can you provide what your Total Return was in 2023, and total return so far this year.
Hello! I've tried doing my own research but could you explain how defiance/yield max/other high yielders will mitigate losses during a black swan/market drop? THat's pretty much my main concern with these funds
Covered calls. You limit your upside potential (growth) in favour of more consistent trades. The funds are mostly managed and generally have a small fee, although some defensive etf's (medical sector for example) are often more passive.
@@leviotten so you’d feel comfortable holding these during a big market fall? For the record, I own about $7,500 worth of yield max / defiance funds. My only thing that makes me nervous is a big market tank
@@gatorhomie21 It depends on your strategy, and tbh i dont really care about market crashes because I think in 10 year chunks. If there is a market recession, I would just hold, keep collecting distributions and dividends, and ride the fund back up. If you buy into yield-max style funds, you wont be gaining much with market activity anyway. You buy yield-maximizers to make cashflow to re-invest or pay for your expenses.
Great choice! I bought a lot of ENCL a few weeks ago when it dropped below $19 & is now my second largest holding. QQCL is the next one of my list to add to.
I sold my LBS, DGS with GAINS after 1.5+ year of hold and buying Nov/Dec Dips! FTN also sold positive along with DFN (still hold too long with hamx, hdif)
Nice portfolio unveiled Adrian! I have been a long time follower of your channel and it's nice to see your dividend is consistently going up with each portfolio unveiled video. Needless to say that my total dividend has also been going up as well. We are very grateful for your unwavering dedication and tireless efforts in assisting everyone to attain financial freedom. 🙏
Thanks for the sharing. Really helps in thinking about my next moves. I am streamlining to 12 t0 14 investments in each of my accounts. Some of the moves are similar (HYLD) and some of very different. I am working on trying to get everything to a 12 percent consistent mark. Generally the estimator tells me I am already there but then there is reality. I decided to stay about 70 percent in the multi-sector funds and then 30 percent in industry specific based on opportunity, income and yield. I can always swap out but I want my core to be multi-sector with good income. Still more changes to come. We'll talk again no doubt.
Investing in individual stocks can be a lucrative strategy, but it requires careful consideration and research. Different stocks offer various growth potentials and risks. Some may provide steady dividends, while others focus on capital appreciation. It's essential to diversify your stock portfolio to mitigate risk. Consulting a financial advisor can help tailor a strategy based on your risk tolerance, investment goals, and market conditions.
i have, and the fund manager and CEO have a bunch of times on many different Q&As on YT. of course it will keep going down. how can it not at 40+% yield?
Another great video. Would love to see a video on what you drip and what you pull out to live on. How to you split reinvestment versus living funds, which accounts do you prefer to pull from? Which stocks you prefer to drip and which you take the income?
Hi Adrian, Im trying to find if all of the main funds distributions (hyld/hdiv/hdif/uscl) are 100% taxed as eligible dividends? Cant seem to find the distribution breakdown. And help is appreciated. Thank you in advance
Spexx - if you want to see this info - you can see the Tax treatment for Hamilton / Horizon on their web sites - for 2023 and even 2022 - showing for each fund the full detailed breakdown down ! Terry
doesnt look like everything he invests in is eligible. Thats fine though, cause with 26k net/month, just pay the f***ing taxes and walk away eith yout bags of cash 😂
They are mostly capital gains and return of capital. Only a small portion is eligible dividends. You can find the information on the funds website under documents and/or distributions break down.
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Times are always uncertain. The last time a major Canadian bank failed is about 100 years ago. Its from that experience that Canada's banking system is so regulated and reliable today with only 6 big banks. As for the U.S, I am not worried about owning funds owning the biggest banks in the world. Yes, smaller U.S regional banks will fail, but the markets eventually recover. Even with Lehman Brothers failing 15 years ago, the banking system survived.
Adrain, always look forward to your portfolio updates. Very impressive. I tried your passiv link, however my brokerage account, M1 Finance is not available. Hope they add soon, I really like the platform. Had a question regarding your bitcoin choice etf, you like MAXI better than BITO? Keep up the great work! 👍💰💰💰💰💰💰💰
I was hoping for some comments from you about the price performance of HPYT. I purchased it a few months ago and price has steadily decreased. I’m not panicked by the decrease but given that rates have stayed pretty much flat I am surprised by the decrease. I’m guessing long term rates may have ticked up a bit resulting in the decreased price. Hopefully long term rates will start to come down once the Fed cuts short term rates. The monthly income is great and funds my RIF withdrawals.
HPYT is performing just fine to me... why are you surprised at the decrease?. it just follows TLT (long term u.s. treasuries). You expect 15% yield and share price appreciation? not on this planet
I was thinking maybe you sold ETHY or BTCY for higher Yield like you did with EIT. I was hoping you picked up some DFN at 25% yield… but I know you’ve decided to stay away from split shares for now. I’ve been loading up on DFN, because I’m confident it’s gotten over the bump in the road it faced.
@@PassiveIncomeInvesting ... I agree everyone has to make their own decisions based on their own goals. I also bought up a little bit of YTSL... but I also think Tesla stock is still going to go down to about $135 a share some time soon, and that's when I'll scoop up more.
@@climbergreg5011 don't wait too long to buy more YTSL. Unless you have a crystal ball you never know when something might make the Tesla stock explode upwards but it's your money.
I have it. It currently pays over 14% yield. It's tax-efficient paying 84% ROC and 16% dividends in 2023. However, the monthly payments now vary by insignificant amounts each month making my book-keeping effort more laborious. For this reason, I will be switching into BANK which has less aggressive covered calls and leverage which HMAX does not utilize.
Remember in the video he mentioned that since he's a non resident all his accounts are treated the same for tax purposes so it really doesn't matter in what account he holds them in.
@@henryhonda8408 Henry, not exactly true. He can withdraw out of his TFSA tax-free but he will never do that because he will be unable to put it back in to grow tax-free. Withdraws from the RRSP will be taxed at a flat rate of 25% but if he were still living in Quebec, the lowest tax rate there is 27.53% (12.52% federal; 15% provincial). Of course, the first ~ $15,000 of income is tax-free (as a resident).
it seems to be you do not understand what "risk is" . This is a harder fund to understand but my investment value speaks for itself. this is why i put a focus on showing it to you every month. did you watch that part?
Risk is relative to the owner. Depends on the size of your portfolio. At my age risk is important. Think of it this way . QQQY would not be a part of my portfolio. There are much better options.@@PassiveIncomeInvesting
HDIV is more tax-efficient than HPYT in an OPEN account. Plus don't get too taken by HPYT's higher yield unless income is more important to you than growth. HPYT is down 4.7% on the year while HDIV is up 4.7%. So the 4.5% higher yield of HPYT may come at a cost of losing some capital or growth along the way. The point is yield is not the same as return. You should calculate the Total Return by adding the distributions to the return. So the Total Return for HDIV is 7.5% and -1% for HPYT
@@dkyrtata6688 With the distribution it's something like 15% in the last year. Hamilton has raised the distribution about four times since inception. It's done very well.
@@dkyrtata6688 Apples to oranges. HDIV has been around since 2021 and HPYT just launched in September 2023. Plus, with interest rates likely to come down in the months ahead, HPYT is well positioned to see some nice price growth to pair with its superior yield.
Yes, I strive for as close to 100% of ROC in my non-registered account. Funds paying foreign income (from U.S. dividends) are placed in my tax-sheltered accounts
I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.
BANK and ENCL are tax advantaged. They are 100% better than a few points on Yield. Dont pay the tax man your gains brother. At your 312k/yr income, you would be paying 2.76% more in tax on your non-eligible funds. If they actually produce 2.76%+ with management fees accounted for, sure. Or, hope the growth/divincreases outpace things.
Indeed with over 80% ROC these funds pay out, the effective tax rate for 2023 was 0.61% and 1.06% for BANK and ENCL. Of course those numbers will vary each year. But for a non-resident like Adrian living in Panama, none of that matters. He gets whacked with a 25% tax rate no matter what type of income his funds earn
@@Sk3pT1kal82BKCL used to have a higher yield but it reduced its distribution once while BANK increased it twice. Both have appreciated by 2.1% since the beginning of the year.
@@Dividend-Shark90 I have HMAX. Its yield is slightly lower than BANK and BKCL. HMAX reduced its distribution 4 times and increased it once. I believe the distribution will vary each month going forward while BANK is more stable having increased its distribution twice. I will probably swap into BANK next month.
Your charts are showing an 8% monthly dividend payout which is ridiculous. That would be an annual dividend payout of almost 100%. There is no company in the world that pays a dividend yield of 100%. Your charts should read a monthly dividend income of around $1000 with an annual dividend income of $12,000. A very misleading report here.
11025 shares of hyld alone with annual div of 1.57 equals over 17 thou per year, if you take each fund, look at the number of shares, x annual div you can figure out the annual return easily
Adrian I'm struggling with how to calculate what my tax headers are for income ETFs that were on DRIP in the tax year 2023. Things like roc, eligible and non eligible dividends, capital gains and losses etc.
Having your investment set up as DRIP does not change anything for tax purposes. The information you mentioned can be found in the T3 or T5 slips. The T5 does not specify ROC but your brokerage may give the breakdown of everything you mentioned. You can also get the information from the fund company website. The information is not relevant for tax purposes in a RRSP or TFSA.
For me as a german investor its a mess. i cant buy most of the covered calls. can i buy hamilon as a german, can someone tell me?????????????????????????????????????? thank you so much...
March is my best PII month! So happy!
Your 1st unveil or proof of concept I believed. Now, I've gained experience and knowledge on how to turn cash into monthly income. I was so nervous and afraid before in buying and swapping income oriented stocks, not anymore. Managing thousands of dollars now aiming for 1M as well when I sell my asset. Much gratitude!
Adriano, Thanks again for doing this - and for not only sharing your portfolio changes - but also your rationale for your decisions. One question you may be able to answer for me is - regarding FEPI - you recently covered it in your recent video review of this Fund - which currently pays 25%+ and has in it’s first four months it has - gained in its price value! Solid performance! It’s focused on 15 Fang names - and should do very well from an ‘AI’ standpoint - wondering what your thinking is?
Interesting move selling HDIV. I sold HYLD, HDIV, and HDIF for ESPX and ETSX as my core income positions last year, but I’m a hybrid between growth and income.
I would consider myself a hybrid investor too.
But I see that his portfolio has also grown significantly. Most of his stocks are super high yield dividend stocks.
I am new to investing so still learning.
@@mustafahussain2416 Income focused funds still increase in bull markets, plus Adrian has 25% leverage in most his funds, so gets that boost as well. Be careful of using leverage though, as during market corrections, your portfolio will go down 25% more than if you weren’t using it, and the covered call strategy won’t cushion the amplified fall, especially if it’s a short duration crash like in covid 2020.
Nothing wrong with hybrid. You have to do what works for you.
Im young so I am more growth oriented. Next five years might become a 50/50 investor myself. By the time im in my mid 40's I will be closer to income. Just do what works for you at the time.
I had 17K FTN and 12K DFN from the dip of Nov 2023 … now I’m up a lot 😁 I been selling bit by bit! Also HMAX.. I had sold HYLD and HDIV and HDIF while back at a Positive! Only buy high yield dividend on market crash and good to buy Growth stocks and go covered call 😊
Love these updates. My passive income has almost doubled since last year due to your ideas. $$$ Thank You!
Nice work!
Thank you the video I always enjoy them and get great information. One question if you can clarify. If your funds are on drip, like hdiv, isn't the total value when you sell all the shares the total value since you owned it? because the dividend just bought more shares? You always say that you took a capital loss but ended positive because of the dividend. but the end value is the total value because the dividend just went to more shares. Thank you
I think Adriano’s top core funds. Is a better route to go. Covers all ground and areas. Mush easier to manage Great job Adriano
Question: Why is majority of your RRSP portfolio is in leveraged ETFs and your TFSA portfolio is more safer. I would think that while you young and able to work it is better to have leveraged ETFs in TFSA and more safer ETFs in RRSP (just in case? Just to be on safer side)?
there is nothing leveraged in the RRSP
Good video. Congratulations on such high returns. To help us better follow your portfolio, and funds , can you provide what your Total Return was in 2023, and total return so far this year.
For your QQQY you are up 11000ish but your Open P&L is down 16000. Will the P&L number taper off eventually?
Its garbage and means nothing . it will keep going down and down. doesn't matter , makes 0 difference , its completely inaccurate
Why is it garbage, why doesn’t it matter?
Hello! I've tried doing my own research but could you explain how defiance/yield max/other high yielders will mitigate losses during a black swan/market drop? THat's pretty much my main concern with these funds
Covered calls does that
Covered calls. You limit your upside potential (growth) in favour of more consistent trades. The funds are mostly managed and generally have a small fee, although some defensive etf's (medical sector for example) are often more passive.
@@leviotten so you’d feel comfortable holding these during a big market fall? For the record, I own about $7,500 worth of yield max / defiance funds.
My only thing that makes me nervous is a big market tank
@@gatorhomie21 It depends on your strategy, and tbh i dont really care about market crashes because I think in 10 year chunks.
If there is a market recession, I would just hold, keep collecting distributions and dividends, and ride the fund back up.
If you buy into yield-max style funds, you wont be gaining much with market activity anyway. You buy yield-maximizers to make cashflow to re-invest or pay for your expenses.
YTSL awesome fund , really like how cc are up to 50% and the rest for growth .
I’ve sold most of my HYLD and HDIF for QQCL and ENCL a few months back. Thanks for the video 😊
you love yield!
@@PassiveIncomeInvestingyes I do but more importantly, the holdings are solid. What’s not to love about those funds?
Great choice! I bought a lot of ENCL a few weeks ago when it dropped below $19 & is now my second largest holding. QQCL is the next one of my list to add to.
@@henryhonda8408ENCL is my 3rd largest holding after FEPI and SVOL.
I sold my LBS, DGS with GAINS after 1.5+ year of hold and buying Nov/Dec Dips! FTN also sold positive along with DFN (still hold too long with hamx, hdif)
Nice portfolio unveiled Adrian! I have been a long time follower of your channel and it's nice to see your dividend is consistently going up with each portfolio unveiled video. Needless to say that my total dividend has also been going up as well. We are very grateful for your unwavering dedication and tireless efforts in assisting everyone to attain financial freedom. 🙏
good! lets make it go up together
Thank you for showing us the PII way !
Thanks for the sharing. Really helps in thinking about my next moves. I am streamlining to 12 t0 14 investments in each of my accounts. Some of the moves are similar (HYLD) and some of very different. I am working on trying to get everything to a 12 percent consistent mark. Generally the estimator tells me I am already there but then there is reality. I decided to stay about 70 percent in the multi-sector funds and then 30 percent in industry specific based on opportunity, income and yield. I can always swap out but I want my core to be multi-sector with good income. Still more changes to come. We'll talk again no doubt.
Excellent video as usual. i am having a tough time finding the BTCY( which is Biotricity ) for USA. could you plase tell m the correct symbol, thanks
Adrian, this is very impressive. Well done, Sir.
have you done a video about granite shares? They seem to have a very high dividend yield. I just wanted to hear your thoughts.
Portfolio is looking good - congrats Adrian!
Investing in individual stocks can be a lucrative strategy, but it requires careful consideration and research. Different stocks offer various growth potentials and risks. Some may provide steady dividends, while others focus on capital appreciation. It's essential to diversify your stock portfolio to mitigate risk. Consulting a financial advisor can help tailor a strategy based on your risk tolerance, investment goals, and market conditions.
Will QQQY keep going down? It doesnt line up with QQQ like one of your other videos showed it followed QQQ pretty closely. Can you explain that?
i have, and the fund manager and CEO have a bunch of times on many different Q&As on YT. of course it will keep going down. how can it not at 40+% yield?
@@PassiveIncomeInvesting okay I’ll look at your previous videos for the explanation. Thank you for replying!
@@PassiveIncomeInvesting can you point to the video where you explained it? I don’t know which one to watch of yours.
@passiveincomeinvesting What is the true ROI on the portfolio? Total return percentage rate?
Thanks a lot of adding the TFSA vs Cash account info, great stuff!
Hi Adrian. Looking to buy QQCL. Should I hold it in my TFSA or Non Registered RRSP account or it doesn't make a different? Thanks.
TFSA
I'm sorry Adrian but I don't understand MY DIGITS!@Passivelnvest
Another great video. Would love to see a video on what you drip and what you pull out to live on. How to you split reinvestment versus living funds, which accounts do you prefer to pull from? Which stocks you prefer to drip and which you take the income?
watch Wednesdays video (routine section)
@@PassiveIncomeInvesting Thanks, this was very helpful.
Thank you Adriano for the new unveil, btw Nr.13 is a lucky number for me too 🙂👍
The best thing that could happen to me on a Sunday evening! Thanks Adriano!!!!
I had to sell my btcy and ethy. It was up 24% and had to take the profit.
Nice! Thanks for the update Adrian. My monthly beer income keeps coming thanks to you! Cheers!
Hi Adrian, Im trying to find if all of the main funds distributions (hyld/hdiv/hdif/uscl) are 100% taxed as eligible dividends? Cant seem to find the distribution breakdown. And help is appreciated. Thank you in advance
Spexx - if you want to see this info - you can see the Tax treatment for Hamilton / Horizon on their web sites - for 2023 and even 2022 - showing for each fund the full detailed breakdown down ! Terry
doesnt look like everything he invests in is eligible. Thats fine though, cause with 26k net/month, just pay the f***ing taxes and walk away eith yout bags of cash 😂
@@leviotten He is a non resident of Canada, so eligible dividends are irrelevant to him.
They are mostly capital gains and return of capital. Only a small portion is eligible dividends. You can find the information on the funds website under documents and/or distributions break down.
Congrats Adriano!!!👍👍👏
Watching this while at kiddo's swim class. 😆 Learning how to make money while my kiddo spends it.
Is your portfolio included Traditional and Roth IRAs?
PORTFOLIO MANAGEMENT: My Portfolio 2024 UPDATE: Structure, Tracking, Taxes, Strategy etc.
th-cam.com/video/OWiFRPKhVC8/w-d-xo.html
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Times are always uncertain. The last time a major Canadian bank failed is about 100 years ago. Its from that experience that Canada's banking system is so regulated and reliable today with only 6 big banks. As for the U.S, I am not worried about owning funds owning the biggest banks in the world. Yes, smaller U.S regional banks will fail, but the markets eventually recover. Even with Lehman Brothers failing 15 years ago, the banking system survived.
I bought Middlefield's MREL recently.
Adrain, always look forward to your portfolio updates. Very impressive. I tried your passiv link, however my brokerage account, M1 Finance is not available. Hope they add soon, I really like the platform.
Had a question regarding your bitcoin choice etf, you like MAXI better than BITO?
Keep up the great work! 👍💰💰💰💰💰💰💰
Love the updates
Is the amount in Canadian dollars or US dollars?
PORTFOLIO MANAGEMENT: My Portfolio 2024 UPDATE: Structure, Tracking, Taxes, Strategy etc.
th-cam.com/video/OWiFRPKhVC8/w-d-xo.html
I was hoping for some comments from you about the price performance of HPYT. I purchased it a few months ago and price has steadily decreased. I’m not panicked by the decrease but given that rates have stayed pretty much flat I am surprised by the decrease. I’m guessing long term rates may have ticked up a bit resulting in the decreased price. Hopefully long term rates will start to come down once the Fed cuts short term rates. The monthly income is great and funds my RIF withdrawals.
HPYT is performing just fine to me... why are you surprised at the decrease?. it just follows TLT (long term u.s. treasuries). You expect 15% yield and share price appreciation? not on this planet
Do you have any thoughts on the book The Income Factory?
i did not read it. but i think i am living it
CONGRATS Adriano!!!
You’re amazing 🤩
So impressive..
What is the reference code for Questrade?
what's your thought on RS 2023 distribution being 98% ROC ? I'm having a challenge understanding this as being "acceptable ROC". Thanks
ive addressed this a million times. see my ROC videos. ROC is just "delayed" capital gains and simply a tax classification.
Adriano, need to catch up with you one o one and get some guidance on passive investing. How to reach you
Details on my website! Links in video description
Why can’t I find HYLD in my fidelity or think or swim platform?
It’s a Canadian listed etf
I was thinking maybe you sold ETHY or BTCY for higher Yield like you did with EIT. I was hoping you picked up some DFN at 25% yield… but I know you’ve decided to stay away from split shares for now. I’ve been loading up on DFN, because I’m confident it’s gotten over the bump in the road it faced.
i agree with your logic. but remember , every portfolio and investor is different and has different goals
@@PassiveIncomeInvesting ... I agree everyone has to make their own decisions based on their own goals. I also bought up a little bit of YTSL... but I also think Tesla stock is still going to go down to about $135 a share some time soon, and that's when I'll scoop up more.
@@climbergreg5011 don't wait too long to buy more YTSL. Unless you have a crystal ball you never know when something might make the Tesla stock explode upwards but it's your money.
@@climbergreg5011me too!
what do think of HMAX
I have it. It currently pays over 14% yield. It's tax-efficient paying 84% ROC and 16% dividends in 2023. However, the monthly payments now vary by insignificant amounts each month making my book-keeping effort more laborious. For this reason, I will be switching into BANK which has less aggressive covered calls and leverage which HMAX does not utilize.
HDIF HPYT YTSL BTCY zero shares in TFSA,
ENCL zero shares in cash account, why?
no reason, just the way it turned out
Remember in the video he mentioned that since he's a non resident all his accounts are treated the same for tax purposes so it really doesn't matter in what account he holds them in.
@@henryhonda8408 Henry, not exactly true. He can withdraw out of his TFSA tax-free but he will never do that because he will be unable to put it back in to grow tax-free. Withdraws from the RRSP will be taxed at a flat rate of 25% but if he were still living in Quebec, the lowest tax rate there is 27.53% (12.52% federal; 15% provincial). Of course, the first ~ $15,000 of income is tax-free (as a resident).
Everyone looks like a genius in a bull market.
true, but this strategy shines in a bear market. so i am a genius all the time :)
Well done!
Why QQQY? It has dropped from 19 to 16. Sure you collected dividends but why the risk? Looks like only a one year yield of 10%!!!
it seems to be you do not understand what "risk is" . This is a harder fund to understand but my investment value speaks for itself. this is why i put a focus on showing it to you every month. did you watch that part?
Risk is relative to the owner. Depends on the size of your portfolio. At my age risk is important. Think of it this way . QQQY would not be a part of my portfolio. There are much better options.@@PassiveIncomeInvesting
Was thinking about selling HDIV to buy more HPYT but with the recent changes and HDIV continuing to perform well I might not sell after all.
HDIV is more tax-efficient than HPYT in an OPEN account. Plus don't get too taken by HPYT's higher yield unless income is more important to you than growth. HPYT is down 4.7% on the year while HDIV is up 4.7%. So the 4.5% higher yield of HPYT may come at a cost of losing some capital or growth along the way.
The point is yield is not the same as return. You should calculate the Total Return by adding the distributions to the return. So the Total Return for HDIV is 7.5% and -1% for HPYT
@@dkyrtata6688
With the distribution it's something like 15% in the last year. Hamilton has raised the distribution about four times since inception. It's done very well.
@@dkyrtata6688 Apples to oranges. HDIV has been around since 2021 and HPYT just launched in September 2023. Plus, with interest rates likely to come down in the months ahead, HPYT is well positioned to see some nice price growth to pair with its superior yield.
Why would you buy ethy in March when you had almost 1 year to average down.
lol Hindsight is always 20/29
the ROC is like 85% of the distribution
Yes, I strive for as close to 100% of ROC in my non-registered account. Funds paying foreign income (from U.S. dividends) are placed in my tax-sheltered accounts
I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.
Did I see in your portfolio that you use margin?
no, i dont use margin
@@PassiveIncomeInvestingSorry, I read at 26:01, column n "Margin Shares"
@@kr1958questrade tags the cash account a "margin account"
BANK and ENCL are tax advantaged. They are 100% better than a few points on Yield. Dont pay the tax man your gains brother.
At your 312k/yr income, you would be paying 2.76% more in tax on your non-eligible funds. If they actually produce 2.76%+ with management fees accounted for, sure. Or, hope the growth/divincreases outpace things.
Indeed with over 80% ROC these funds pay out, the effective tax rate for 2023 was 0.61% and 1.06% for BANK and ENCL. Of course those numbers will vary each year. But for a non-resident like Adrian living in Panama, none of that matters. He gets whacked with a 25% tax rate no matter what type of income his funds earn
Is the portfolio included your wife and you combined?
PORTFOLIO MANAGEMENT: My Portfolio 2024 UPDATE: Structure, Tracking, Taxes, Strategy etc.
th-cam.com/video/OWiFRPKhVC8/w-d-xo.html
Well done you jabroni 🇮🇹🍝
Why not BKCL over BANK?
BANK is higher yield and also more diversified.
Or HMAX
@@Sk3pT1kal82 when i type in shares to my stock events app, BKCL pays more monthly then BANK
@@Sk3pT1kal82BKCL used to have a higher yield but it reduced its distribution once while BANK increased it twice. Both have appreciated by 2.1% since the beginning of the year.
@@Dividend-Shark90 I have HMAX. Its yield is slightly lower than BANK and BKCL. HMAX reduced its distribution 4 times and increased it once. I believe the distribution will vary each month going forward while BANK is more stable having increased its distribution twice. I will probably swap into BANK next month.
🙌
First 😊
Your charts are showing an 8% monthly dividend payout which is ridiculous. That would be an annual dividend payout of almost 100%. There is no company in the world that pays a dividend yield of 100%. Your charts should read a monthly dividend income of around $1000 with an annual dividend income of $12,000. A very misleading report here.
Check your math
@@TJ-Stackinyes the publisher should check his math. His numbers indicate a yearly payout of $26,000 not a monthly.
@@Scottieguruyou’re absolutely wrong. The $26’000 is monthly income, including ALL of his accounts combined.
Yeild.max funds do...
11025 shares of hyld alone with annual div of 1.57 equals over 17 thou per year, if you take each fund, look at the number of shares, x annual div you can figure out the annual return easily
Adrian I'm struggling with how to calculate what my tax headers are for income ETFs that were on DRIP in the tax year 2023. Things like roc, eligible and non eligible dividends, capital gains and losses etc.
Having your investment set up as DRIP does not change anything for tax purposes. The information you mentioned can be found in the T3 or T5 slips. The T5 does not specify ROC but your brokerage may give the breakdown of everything you mentioned. You can also get the information from the fund company website. The information is not relevant for tax purposes in a RRSP or TFSA.
no need to calculate anything.... the broker will provide you all the statements you need
For me as a german investor its a mess. i cant buy most of the covered calls. can i buy hamilon as a german, can someone tell me?????????????????????????????????????? thank you so much...
Maybe you should ask your broker.
get access to U.S. ETFs
@@PassiveIncomeInvesting
how
Great stuff love jepy qqqy