@stephandden Im looking for a genuine professional to manage my investment for a year while I am getting comfortable with personal choices. This is bcz I plan to put in large investment at once. Please let me know if this is an area you can assist with. I am aware of the courses you provide but that is not my immediate need. Thank you for sharing the great tips and educative information.
Your videos gave me the confidence to start investing on my own as well. After 5 years of using the robo adviser i'm switching to trade and transfering my accounts to self directed ones. I also felt a lot of stress moving a huge amount of money all at once lmao. All in one etfs are a game changer bc I still want to keep it diversified and simple. Also glad WS allows you to set up recurring buys.
We’re so happy to hear that! Congrats on growing your confidence and making the switch 😊 So true about all-in-one ETFs and recurring buys - they keep everything simple!
5:30 another option for someone in that position I think could have been to back out the money out of the robo advisor slowly to DCA into XEQT. As you are slowly shifting your positioning from the managed robo vs. the XEQT it keeps your risk profile more constant over time vs. dropping heavy into cash and reloading up on equities.
Thank you very much for the great video. I’ve funds in my RBC RRSP & TFSA accounts. What would you suggest: 1. Move funds to WS RRSP/TFSA 2. Just trade self directing investment with RBC 3. Or just let RBC investment advisors help me to choose ETFs? Thank you.
First thank you both for all your videos. I really appreciate how you break everything down and structure the content. Wondering if you have any apprehension about this years growth with all the south of the border talk of tariffs? Personally I am nervous to put a large amount in the CDN/US stock market.
Thank you so much! I’m focused on long-term growth, so no, nothing that happens in the short-term concerns me as long as I’m investing in diversified ETFs 😊
Thank you for your videos. Your videos are my masterclass. It encouraged me to invest more. I would like you to recommend an ETF that pays more dividend which can serve as a supplemental income and with some level of growth and can hold it for a long term.
It’s quite an interesting strategy! I researched the holdings of XEC and noticed that TSMC makes up around 9% of it. Since I’m from Taiwan, I’ve also invested in ETFs with high holdings in TSMC. This seems like a great way to steadily increase income because chips are in demand all around the world!
I’d love to hear you guys talking about how your perspective on money has changed since you decided to quit your jobs and become self employed. Very happy to see your progress! Congrats 🎉
I did prioritize my TFSA! 😊 In general, the TFSA offers tax free growth and withdrawals - so if I max out the account as early as possible, it provides my money with the most amount of time in the market (to grow), considering those benefits. If you want to know more about this decision, check out our video called, ‘I Maxed Out My TFSA! Now What?’.
Good question - the two ETFs are essentially the exact same, but I went with VXC after reading a post by the Canadian Portfolio Manager blog. I talk about this decision more in depth in a video on our channel called ‘I Opened An RRSP!’, specifically around the 7:45 mark 😊
@@stephandden thank you for answering my question. But, why it is confusing me? B/c the money that comes to our account is already we paid tax and we put in RRSP and agian will be taxed when we withdraw it later in our retirement? Is this right? May be i missunderstood it. Thank you so much
I can see where the confusion can be on this. 1. Your employer withholds a portion to pay your estimated taxes based on your yearly earnings. 2. RRSP contributions can be claimed against current year or future years earnings. Each $1 of RRSP reduces reportable earnings by $1. This usually results in a refund. 3. When you withdraw the RRSP in retirement, it is taxable income.
It would a reduction of earnings in the year claimed rather than a tax reduction like charitable receipt. CRA has a portal where you can find your specific RRSP contribution room.
Does your tfsa keep increasing past the limit? How do you keep from going over the limit? Also does the yield automatically take out a percentage for inflation?
Yes, your TFSA contribution room increases each and every year whether you do anything or not. It’s also on you to make sure that you’re not contributing past what your individual limit is. If you wanna know how to calculate your limit, check out our ‘TFSA Explained’ video. And which yield are you referring to? 😊
Your TFSA contribution limit only applies to contributions. Any capital gains, dividends or distributions do not count towards your contribution limit.
I have maxed out my FHSA in 2024 by investing the full allowed amount. If I transfer all the funds from my wealthsimple managed FHSA to my regular self directed FHSA, will this count as contributing?
Great video! Really insightful and well-explained. When it comes to investing a lump sum on a regular basis, is there an optimal time to do so? Would it be better to invest at the start of a new week/month or towards the end of the previous week/month? I’d love to hear your thoughts on this!. Thanks
Thank you! 😊 When it comes to lump sum investing - the benefits are in having your money invested and exposed to the stock market as early as possible. There is no ‘optimal’ time or day - it’s simply a matter of having your money invested and avoiding the tendency to time the market (guessing what’s the best time to buy or sell). If want more info on this - we have a recent video called ‘Dollar Cost Averaging vs Lump Sum Investing, Explained’.
I keep an approx. $10,000 emergency fund in a high interest savings account. If you want more details on savings in particular, check out our ‘Budget With Me’ playlist or our recent ‘How I’m Able To Save 50% Of My Income In 2025’ video. 😊
great vid by the way. seems like your on track, you have xeqt for a broad exposure. you seem young so dont bother with the home savings thing and rrsp. i would suggest voo or qqq and average down. like you said 5 years, alot biiger gains easily. stock picking is tough i know. GLuck.
This is terrible advice. “Don’t bother with the home savings thing” LMAO do you even know what that “home savings thing” is? Incredibly beneficial for first time home buyers and I wish it was available when I bought my home. I utilized the home buyers plan through an RRSP, but the FHSA is a better option. And why not RRSP? If her annual income is higher now than what it will be down the road, then deferring taxes is the point of an RRSP. Or is your advice to just pay excess taxes and ontop of that get taxed on investment income in an unregistered account? I bet the government loves you
I choose to take this comment purely as a complement to Steph's youthfulness. It is fair advice for 19 yearold who may need access to funds for multiple life expenditures before 25.
Great video! I have a question regarding TFSA. I only opened up my account in 2024 and have maxed it out (7k) however I’m fairly sure I have 90K plus contribution room. Does this mean I can contributed let’s say 20K in 2025? Or does it have to be limited to 7K?
Thank you! The $7k in additional contribution room is on top of the amount of contribution room you’ve already built up. If you haven’t maxed out all of your contribution room yet (in your case $90k plus), then the $7k isn’t relevant to you yet 😊 To sum that up - you can add as much money as you want to your TFSA this year up until you hit your max contribution limit!
Congrats! I think something to consider is Bitcoin as well. As a Canadian, with Trudeau stepping down, and Pierre most likely becoming Prime Minister and being a vocal Bitcoin advocate, it seems as though that is something to highly consider. What are your thoughts.
Good question! 😊 We think that humans are constantly looking for an edge or something that can speed up the wealth creation process. Using debt as leverage has worked out for some, but it’s also burned a lot of people in the process. Focusing on maintaining a consistent investing strategy and on how you can increase your income over the long term, will probably yield more favourable results than trying to play a game of arbitrage in the stock market.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
What do you guys think about pulling out your investments on individual stocks that have been declining? Would you redirect this into ETF's and act like that negative never happened?
I would ask myself what I’m waiting for exactly. Am I simply hoping that this stock goes back up? How much of a decline is too much (until I finally do something)? Some companies will literally never recover and that little bit of money that you have in some of those stocks could potentially be at work somewhere else. We actually asked ourselves this exact question a few years ago and it ultimately led to us making a video called, ‘Why I Sold All Of My Stocks’. Check it out. 😊
No thoughts. It’s a Canadian listed S&P 500 ETF thats holds approximately the 500 largest companies in the US. Do you have a specific question about the ETF? 😊
Hi there, I am a beginner and I started to buy fractional shares on daily basis in the wealthsimple so that I could have habit of investing so what are the pros and cons if I invest like this i am doing like 6 dollars a day? Is it good for the future? What do you think?
What investments are buying with your $6? Also, do you feel confident in your investment knowledge? Are you investing for the long term? These are all important questions to ask yourself and should really give you a better idea of where you’re at and if you’re doing the right things for future you. 😊
@stephandden I am focusing for long term like 10 15 years or maybe till retirement, and I am 21 right now also I am currently investing in vanguard S&P 500, RBC bank and natural gas. Do you have any suggestions for long term investment for me ? If yes, I will really appreciate it. Thank you😊
I am starting to invest and after doing all my research, I decided to invest in XEQt as well. I started last month and I lost $450 already and I am worried🥺 is this normal?
Hey Nathalie! Congrats on taking that step - that’s awesome. 😊 You haven’t actually lost any money. In the stock market, you lose money only when you decide to sell your investments. I think you mean to say that your investment in XEQT has gone down in value. This is definitely normal as investments in the stock market are constantly fluctuating in price. However, this is why it’s important to fully understand why you’re investing in a particular investment and what you should be looking out for. If you want to feel empowered and learn more - you should check out Simple Investing on our website. We discuss your exact question and more in the community.
XEQT is a bit overrated in my honest opinion. You have etfs like ZEQT that have performed better than XEQT historically, but I don't get why people like XEQT so much. May be because of its AUM. Even FEQT has been performing way better than both XEQT and ZEQT with slightly more fee, but then the performance makes up for the fee by a great margin.
All of the ETFs you just named are more or less copy’s of one another. The only major difference is the ETF provider - Vanguard was the first to introduce VEQT in Jan 2019, iShares followed with XEQT in August 2019 and then BMO eventually followed with ZEQT in Jan 2022. Also, looking at performance in the short term when comparing these ETFs provides little to no insight given how similar they’re constructed. We’ll agree that XEQT and VEQT are popular (likely because they’ve been around the longest), but beyond that and with exception of FEQT (who’s the newest of the group and holds crypto) - there’s not much to takeaway in the short term. Ultimately, it doesn’t really matter which one you go with. 😊
@@stephandden Copies yes. But I am trying to understand what made you chose XEQT over others? Is it the AUM or do you have more inclination towards BlackRock ETFs?
Great video. I agree with you that xeqt overweights Canadian equities. Thats why we chose to invest in globally diversified etfs that weight by country market cap. Vanguard doesn’t offer a single etf that does that, ishares/blackrock comes close with XWD. The best option for that is really URTH but it’s traded in USD. Anyway, great video.
That’s basically the exact same path I went down! There are a lot of options (including XWD and URTH), with slight differences based on holdings, MER and the currency they’re traded in. Thank you so much 😊
@@stephandden Glad you asked 🍊. If you can stomach the volatility of the asset I believe the deflationary values Bitcoin holds over other assets makes it a superior store of wealth with a time horizon of 5+ years. Bitcoin being hard capped at 21 million coins that requires real world energy to mine and mint on a decentralized blockchain separates it from alternative crypto currencies. No centralized group or person can change the properties and no prior coin presale offerings to investors. Bitcoin’s genesis block was created for everyone to have a fair chance at mining and minting since its first block. Also last year institutional investment firms in America had their ETFS approved and now have collectively bought over 1 Million Bitcoin which is still only 5% of the total supply while individual investors hold about 14 million collectively. Bitcoin market-cap around 2 Trillion dollars within 15 years provides more than enough liquidity for transactions. These are just a few examples of why I think it’s a great asset to hold and probably the best savings/equity vehicle for the foreseeable future.
This is a video about my personal investment portfolio results using a self-directed platform - if you're looking for a financial planner, this isn't the spot for you 😊
Thank you very much for the great video. I’ve funds in my RBC RRSP & TFSA accounts. What would you suggest: 1. Move funds to WS RRSP/TFSA 2. Just trade self directing investment with RBC 3. Or just let RBC investment advisors help me to choose ETFs? Thank you.
What’s your investing plan for this year? Let us know in the comments! 👀
Aiming to invest 1,000/mo
starting 500$ a month
@stephandden Im looking for a genuine professional to manage my investment for a year while I am getting comfortable with personal choices. This is bcz I plan to put in large investment at once. Please let me know if this is an area you can assist with. I am aware of the courses you provide but that is not my immediate need. Thank you for sharing the great tips and educative information.
Where to invest??
How to buy etf using money from fhsa?
Your videos gave me the confidence to start investing on my own as well. After 5 years of using the robo adviser i'm switching to trade and transfering my accounts to self directed ones. I also felt a lot of stress moving a huge amount of money all at once lmao. All in one etfs are a game changer bc I still want to keep it diversified and simple. Also glad WS allows you to set up recurring buys.
We’re so happy to hear that! Congrats on growing your confidence and making the switch 😊
So true about all-in-one ETFs and recurring buys - they keep everything simple!
Thank you for being so detailed and clear!!
Of course! Thank you for watching! 😊
5:30 another option for someone in that position I think could have been to back out the money out of the robo advisor slowly to DCA into XEQT.
As you are slowly shifting your positioning from the managed robo vs. the XEQT it keeps your risk profile more constant over time vs. dropping heavy into cash and reloading up on equities.
thanks for going so thorough. Gained a lot of motivation from this video
Of course! I'm so happy to hear that 😊
Wow!! 🎉 Great growth! It’s interesting to see how Canadians invest vs Americans!
Thank you! It definitely is! 👀
Thank you very much for the great video.
I’ve funds in my RBC RRSP & TFSA accounts. What would you suggest:
1. Move funds to WS RRSP/TFSA 2. Just trade self directing investment with RBC
3. Or just let RBC investment advisors help me to choose ETFs?
Thank you.
First thank you both for all your videos. I really appreciate how you break everything down and structure the content. Wondering if you have any apprehension about this years growth with all the south of the border talk of tariffs? Personally I am nervous to put a large amount in the CDN/US stock market.
Thank you so much!
I’m focused on long-term growth, so no, nothing that happens in the short-term concerns me as long as I’m investing in diversified ETFs 😊
Thank you for your videos. Your videos are my masterclass. It encouraged me to invest more. I would like you to recommend an ETF that pays more dividend which can serve as a supplemental income and with some level of growth and can hold it for a long term.
Thank you for watching! We’re so happy to hear that 😊
HYLD is currently sitting at a 12.49% dividend yield.
@@camyake161Stay away from this covered call high yielding garbage.
It’s quite an interesting strategy! I researched the holdings of XEC and noticed that TSMC makes up around 9% of it. Since I’m from Taiwan, I’ve also invested in ETFs with high holdings in TSMC. This seems like a great way to steadily increase income because chips are in demand all around the world!
Thank you for sharing 😊
Woow congratulations on your success!!
Thank you so much 😊
I’d love to hear you guys talking about how your perspective on money has changed since you decided to quit your jobs and become self employed.
Very happy to see your progress! Congrats 🎉
Thank you so much, and thank you for the video suggestion - we’ll add that to our list! 😊
Hi , is XEQT has better total return than VFV ?
What are the tax implications for holding a US stock in an TFSA? What about a US I index fund
Hi question! I’m trying to invest on xrp but wealthsimple only says Xrp LEDGER is that a real xrp?
I might have missed this, but did you prioritize maxing out your TFSA over your RRSP? And if yes, why?
I did prioritize my TFSA! 😊 In general, the TFSA offers tax free growth and withdrawals - so if I max out the account as early as possible, it provides my money with the most amount of time in the market (to grow), considering those benefits.
If you want to know more about this decision, check out our video called, ‘I Maxed Out My TFSA! Now What?’.
Any major reason you picked vxc over xaw? Genuinely curious, thanks.
Good question - the two ETFs are essentially the exact same, but I went with VXC after reading a post by the Canadian Portfolio Manager blog.
I talk about this decision more in depth in a video on our channel called ‘I Opened An RRSP!’, specifically around the 7:45 mark 😊
Please answer my question, do you invest for ur RRSP from your cheking account or it comes from paycheck ?
When I’m paid, the money gets deposited into my chequing account, and then I automatically send money from my chequing account to my RRSP each month 😊
@@stephandden thank you for answering my question. But, why it is confusing me? B/c the money that comes to our account is already we paid tax and we put in RRSP and agian will be taxed when we withdraw it later in our retirement? Is this right? May be i missunderstood it. Thank you so much
I can see where the confusion can be on this.
1. Your employer withholds a portion to pay your estimated taxes based on your yearly earnings.
2. RRSP contributions can be claimed against current year or future years earnings. Each $1 of RRSP reduces reportable earnings by $1. This usually results in a refund.
3. When you withdraw the RRSP in retirement, it is taxable income.
Could you please do a video on how putting money in your RRSP can be a tax deductible and how much of that money can be used each year?
We definitely can! We plan on making a few different RRSP and retirement account videos within the next few months 😊
@@stephandden Thanks :) never really understood how my RRSP deposits lightened tax returns
It would a reduction of earnings in the year claimed rather than a tax reduction like charitable receipt.
CRA has a portal where you can find your specific RRSP contribution room.
Does your tfsa keep increasing past the limit? How do you keep from going over the limit? Also does the yield automatically take out a percentage for inflation?
Yes, your TFSA contribution room increases each and every year whether you do anything or not. It’s also on you to make sure that you’re not contributing past what your individual limit is. If you wanna know how to calculate your limit, check out our ‘TFSA Explained’ video.
And which yield are you referring to? 😊
Your TFSA contribution limit only applies to contributions. Any capital gains, dividends or distributions do not count towards your contribution limit.
Wow amazing video!
Thank you! 😊
I have maxed out my FHSA in 2024 by investing the full allowed amount. If I transfer all the funds from my wealthsimple managed FHSA to my regular self directed FHSA, will this count as contributing?
Congrats! 🥳 Also, no - as long as you’re doing an FHSA to FHSA transfer - this is not considered towards your contributions.
@ thank you!! 😊
When did you open the rrsp? December last month? (2024) or 2023
This past summer 😊
Great video! Really insightful and well-explained. When it comes to investing a lump sum on a regular basis, is there an optimal time to do so? Would it be better to invest at the start of a new week/month or towards the end of the previous week/month? I’d love to hear your thoughts on this!. Thanks
Thank you! 😊 When it comes to lump sum investing - the benefits are in having your money invested and exposed to the stock market as early as possible. There is no ‘optimal’ time or day - it’s simply a matter of having your money invested and avoiding the tendency to time the market (guessing what’s the best time to buy or sell).
If want more info on this - we have a recent video called ‘Dollar Cost Averaging vs Lump Sum Investing, Explained’.
That makes a lot of sense! Timing the market is tough, so it’s better to just get invested early. I’ll check out your video - thanks for sharing! 😊
Are all your savings in stocks? Or do you have a HYSA as well?
I keep an approx. $10,000 emergency fund in a high interest savings account.
If you want more details on savings in particular, check out our ‘Budget With Me’ playlist or our recent ‘How I’m Able To Save 50% Of My Income In 2025’ video. 😊
great vid by the way. seems like your on track, you have xeqt for a broad exposure. you seem young so dont bother with the home savings thing and rrsp. i would suggest voo or qqq and average down. like you said 5 years, alot biiger gains easily. stock picking is tough i know. GLuck.
Thank you!
I'm not planning on investing in less diversified investment options like VOO or QQQ 😊
This is terrible advice. “Don’t bother with the home savings thing” LMAO do you even know what that “home savings thing” is? Incredibly beneficial for first time home buyers and I wish it was available when I bought my home. I utilized the home buyers plan through an RRSP, but the FHSA is a better option.
And why not RRSP? If her annual income is higher now than what it will be down the road, then deferring taxes is the point of an RRSP. Or is your advice to just pay excess taxes and ontop of that get taxed on investment income in an unregistered account? I bet the government loves you
I choose to take this comment purely as a complement to Steph's youthfulness. It is fair advice for 19 yearold who may need access to funds for multiple life expenditures before 25.
Great video! I have a question regarding TFSA. I only opened up my account in 2024 and have maxed it out (7k) however I’m fairly sure I have 90K plus contribution room. Does this mean I can contributed let’s say 20K in 2025? Or does it have to be limited to 7K?
Thank you!
The $7k in additional contribution room is on top of the amount of contribution room you’ve already built up. If you haven’t maxed out all of your contribution room yet (in your case $90k plus), then the $7k isn’t relevant to you yet 😊
To sum that up - you can add as much money as you want to your TFSA this year up until you hit your max contribution limit!
@@stephandden super thank you! :)
Congrats! I think something to consider is Bitcoin as well. As a Canadian, with Trudeau stepping down, and Pierre most likely becoming Prime Minister and being a vocal Bitcoin advocate, it seems as though that is something to highly consider. What are your thoughts.
Thank you!
they ignored you 😂
❤There was no question mark at the end: so no valid question.
What do you think about utilizing leverage from banks to invest in the s&p500? Rather than making monthly payments through a paycheck?
Good question! 😊 We think that humans are constantly looking for an edge or something that can speed up the wealth creation process. Using debt as leverage has worked out for some, but it’s also burned a lot of people in the process.
Focusing on maintaining a consistent investing strategy and on how you can increase your income over the long term, will probably yield more favourable results than trying to play a game of arbitrage in the stock market.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
What do you guys think about pulling out your investments on individual stocks that have been declining? Would you redirect this into ETF's and act like that negative never happened?
I would ask myself what I’m waiting for exactly. Am I simply hoping that this stock goes back up? How much of a decline is too much (until I finally do something)? Some companies will literally never recover and that little bit of money that you have in some of those stocks could potentially be at work somewhere else.
We actually asked ourselves this exact question a few years ago and it ultimately led to us making a video called, ‘Why I Sold All Of My Stocks’. Check it out. 😊
@@stephandden will do, thanks for response!
What are your thoughts on VFV?
No thoughts. It’s a Canadian listed S&P 500 ETF thats holds approximately the 500 largest companies in the US. Do you have a specific question about the ETF? 😊
Hi there, I am a beginner and I started to buy fractional shares on daily basis in the wealthsimple so that I could have habit of investing so what are the pros and cons if I invest like this i am doing like 6 dollars a day? Is it good for the future? What do you think?
What investments are buying with your $6? Also, do you feel confident in your investment knowledge? Are you investing for the long term?
These are all important questions to ask yourself and should really give you a better idea of where you’re at and if you’re doing the right things for future you. 😊
@stephandden I am focusing for long term like 10 15 years or maybe till retirement, and I am 21 right now also I am currently investing in vanguard S&P 500, RBC bank and natural gas. Do you have any suggestions for long term investment for me ? If yes, I will really appreciate it. Thank you😊
Well done!
Thank you! 😊
I am starting to invest and after doing all my research, I decided to invest in XEQt as well. I started last month and I lost $450 already and I am worried🥺 is this normal?
Hey Nathalie! Congrats on taking that step - that’s awesome. 😊 You haven’t actually lost any money. In the stock market, you lose money only when you decide to sell your investments. I think you mean to say that your investment in XEQT has gone down in value.
This is definitely normal as investments in the stock market are constantly fluctuating in price. However, this is why it’s important to fully understand why you’re investing in a particular investment and what you should be looking out for.
If you want to feel empowered and learn more - you should check out Simple Investing on our website. We discuss your exact question and more in the community.
🤦🏻♂️
Just finished my lump sum investments for FHSA and TFSA! Waiting for my RRSP so I can do the same, thereafter, non-reg and rebuilding my savings.
Amazing! Congratulations 🥳🥳 that’s an exciting way to start the year
If you were closer towards purchasing a home
You should check out our video called ‘I Opened An FHSA’ - we explain a variety of options depending on your timeline. 😊
Let’s hope your one etf you chose doesn’t go down? What about Diversification?
The one ETF is diversified - it’s made up of thousands of stocks, across multiple global markets and includes multiple industries / sectors 😊
XEQT is a bit overrated in my honest opinion. You have etfs like ZEQT that have performed better than XEQT historically, but I don't get why people like XEQT so much. May be because of its AUM. Even FEQT has been performing way better than both XEQT and ZEQT with slightly more fee, but then the performance makes up for the fee by a great margin.
All of the ETFs you just named are more or less copy’s of one another. The only major difference is the ETF provider - Vanguard was the first to introduce VEQT in Jan 2019, iShares followed with XEQT in August 2019 and then BMO eventually followed with ZEQT in Jan 2022.
Also, looking at performance in the short term when comparing these ETFs provides little to no insight given how similar they’re constructed.
We’ll agree that XEQT and VEQT are popular (likely because they’ve been around the longest), but beyond that and with exception of FEQT (who’s the newest of the group and holds crypto) - there’s not much to takeaway in the short term.
Ultimately, it doesn’t really matter which one you go with. 😊
@@stephandden Copies yes. But I am trying to understand what made you chose XEQT over others? Is it the AUM or do you have more inclination towards BlackRock ETFs?
wait aren’t u over contributing to ur TFSA ?
No, I’m not! 😊
So, everything in XEQT 😂 and a bit of VXC
Nor quite! You must’ve missed my RRSP section towards the end of the video 😊
Great video. I agree with you that xeqt overweights Canadian equities. Thats why we chose to invest in globally diversified etfs that weight by country market cap. Vanguard doesn’t offer a single etf that does that, ishares/blackrock comes close with XWD. The best option for that is really URTH but it’s traded in USD. Anyway, great video.
That’s basically the exact same path I went down! There are a lot of options (including XWD and URTH), with slight differences based on holdings, MER and the currency they’re traded in.
Thank you so much 😊
Thinking of allocating 50% of my portfolio into Bitcoin 🍊. May even rebalance my RRSP portfolio and buy IBIT (Bitcoin ETF).
This is great.
How come? 😊 Some investors will typically allocate just a small portion of their portfolio in to crypto - given its volatile and speculative nature.
@@stephandden Glad you asked 🍊. If you can stomach the volatility of the asset I believe the deflationary values Bitcoin holds over other assets makes it a superior store of wealth with a time horizon of 5+ years.
Bitcoin being hard capped at 21 million coins that requires real world energy to mine and mint on a decentralized blockchain separates it from alternative crypto currencies. No centralized group or person can change the properties and no prior coin presale offerings to investors. Bitcoin’s genesis block was created for everyone to have a fair chance at mining and minting since its first block.
Also last year institutional investment firms in America had their ETFS approved and now have collectively bought over 1 Million Bitcoin which is still only 5% of the total supply while individual investors hold about 14 million collectively.
Bitcoin market-cap around 2 Trillion dollars within 15 years provides more than enough liquidity for transactions.
These are just a few examples of why I think it’s a great asset to hold and probably the best savings/equity vehicle for the foreseeable future.
@@stephandden crypto will be king
When are you buying your house?
I’m not sure - no set plan on buying a home to live in as of right now 😊
Great let's trust in someone who is not a qualified financial planner
This is a video about my personal investment portfolio results using a self-directed platform - if you're looking for a financial planner, this isn't the spot for you 😊
Thank you very much for the great video.
I’ve funds in my RBC RRSP & TFSA accounts. What would you suggest:
1. Move funds to WS RRSP/TFSA 2. Just trade self directing investment with RBC
3. Or just let RBC investment advisors help me to choose ETFs?
Thank you.