ETFs, Explained - What Are Exchange Traded Funds? What ETFs Should You Buy?
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- Опубліковано 29 чер 2024
- If you just clicked on this video, then you’ve probably heard of the letters ‘ETF’ before, but you’re not sure if you should be investing in them - or which ones to invest in. Choosing an investment option can be the most, I guess I’ll call it overwhelming step in the investing process, because there are so many different options out there!
ETF stands for Exchange Traded Fund - basically they’re funds that are traded on the stock exchange. The gist is that a fund is a basket of different types of investments that you can buy altogether, and you get to choose specifically what type of basket you want to buy. In this video, we'll break down exactly what this means, actively vs passively managed funds, how ETFs work, how to choose a specific ETF, and what ETF we invest in (right now).
0:00 What are ETFs?
1:12 Actively managed vs passively managed funds
3:17 How do passively managed funds work?
5:39 How do ETFs work?
6:53 How do I choose a specific ETF?
8:19 Make sure you avoid 'fund overlap'
10:41 What ETF do we invest in?
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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
Do you invest in ETFs? Which ones? Let us know! 👀
Great video! I hold both VOO and VFV in my RRSP because of witholding tax on my US dividends. Would love if you could do a video on witholding tax. I also do the Norbert's Gambitt to avoid conversion fees.
I love the simplicity of your videos, ETFs are great to take the market with minimal fees. Excellent example showing the 500k fees over 30 years but I calculate more 1.5m@8% vs 1m@6%.
Thank you so much! 😊
Live in Canada only invest in US ETFs. Why invest in Canada a country in major decline and predicted to be under performing for the next 40 years.
You guys are the best. I’ve been watching your videos, so easy to follow and understand. Making life easier for people that want to grow their money. Keep it up guys. Great job 👏🏼
Thank you so much! We appreciate it - more to come 😊
Love this breakdown!
Thank you! 😊
great breakdown family
Thank you! 🙏🏿🙌🏻
Thank you for the video. Time in the market will always beat timing the market. Passively managed ETFs is a fantastic way to capture the growth of stocks that’s diversified for you at a very reasonable small fee compared to a managed fund.
Numbers! 🍊
Agreed!
Also, it was so nice meeting you last week 😊 Thanks again for saying what’s up! 🙌🏿🙌🏻
@@stephandden Thank you so much. I was really nervous to approach you guys lol. It was kind of surreal. Thank you for taking the time to briefly talk. All the best moving forward and may both of our investment journey brings us closer to our monetary goals! ❤️🍊
What a cute couple. You guys look sooo young! Very knowlegeable on the topic!
Thank you so much! We appreciate it 😊
Do you think it’s a good idea to invest in ETFs even if we are in debt ? Or should my wife and I focus on paying off the debt first ?
Do you guys have Stock Lending turned on or off for your TFSA holding XEQT within your WS Trade account?
We have it turned off!
Thanks for the video. Can you make a video on which is better TFSA or RRSP on the withdrawal phase? I know the difference of both and people usually say if you have a high income concentrate on RRSP. What I don’t get is why would you do that if your earnings will get taxed? Due to compounding interest, your usual portfolio when going into retirement will mostly come from the interest you’ve earned vs the capital you’ve put in. Wouldn’t it almost always make sense to max out TFSA regardless of income? You’d get automatically get taxed 15% on anything over (iirc) $15k on RRIF or RRSP. And it’s taxable income. I don’t know how to structure the math.
Best Canadian product after the TFSA
🙌🏿🙌🏻
I had VOO, VOOG, VT, VTI, VGT, and MGV… I am planning to sell some because the holdings are similar… 😅
That's great that you'v recognized that there's some fund overlap! 👏🏿👏🏻
I want to start invest
I was wondering if I need a social security number
To open a bank account, or investment account specifically, you typically do need a SIN or SSN in order to do so!
Xeqt and vfv
👏🏿👏🏻
Unrelated question what are some good beginner credit card
Cobalt 😫
@@kevinliu1844 i have no credit history though so it might be hard to get one of those anything else
Simplii
@@MFTW not bad but I dont eat out at restaurants so that 4 percent would be a waist
@@Krish._b-kb tangerine and then choose your 3 that you use. Unlike no fee credit cards so it doesn't incentives increased spending