@@blessnorthamerica7919 Which app are you talking about? If you already registered and opened an account, you can't add my referral code after the fact. My referral bonus only applies for NEW clients.... I hope that helps! =)
His work is greatly appreciated..Thanks to this man he gave me the confidence to take my first step into the stock market. My hope is to reach dividend income freedom.😃
That's what I love to hear! My $50 signup bonus really helps new investors get started since you can buy up to 10 stocks without having to worry about those commission fees =)
Hey Adrian, just wanted to send out my thanks for helping me get started on investing into dividend stocks. It's currently Oct 2021, but since we started in January, we've had our normal dividend returns but also we've been riding the rise from the covid dip and we've already seen a collective gain for the year of 10.35%! Again, thanks so much.
Wow! Thank you Frank and way to go! I'm so happy to hear that my videos have made an impact on your investing journey and it's fantastic to see your portfolio thriving! Just imagine what it can grow to in a matter of years! =)
@@CanadianTShirt Just wanted to add to my comment there Adrian, since really working towards chunking away as much as possible, it's very likely we will have put away over $30k in dividend stocks in 2021! Crazy aye, once you put your mind to it!! Thanks again!
Your content has remained as detailed, clear and enjoyable as it was on day 1. I don’t comment on videos on UA-cam but feel you warrant the shoutout for sticking to your word on your content authenticity without selling products or promoting sponsored apps etc. Keep up the great work. You’ll grow and grow doing what you’re doing 👍🏼 Ps. A USA equivalent of this video would be 10/10!
Thank you Deanna! I really, truly appreciate those words! I like to think that my sincerity and authenticity is one of the best things about my channel. That's why I NEVER recommend a stock if I don't own it personally! And that's why I would NEVER endorse a product or service unless I truly believe in it and use it in my personal life! There is a LOT of that out there, especially on UA-cam so it's always so important to do your own research and NEVER blindly follow anyone on the internet, including me! =)
And yes, I will definitely be making an updated US dividend list! For now, check out my videos on my favourite US Dividend Stocks and US ETFs =) ua-cam.com/video/xnafVv6P2PQ/v-deo.html
Thanks for this Adrian. Used your 2020 dividend info to get into several of your picks in Jan of this year, happy with the results to date. Will be investing more $ into them via TFSA. Really appreciate your insights, keep up the great work.
Thank you Stephen! I'm really happy to hear that my videos have been providing value and yes, absolutely invest more in your TFSA to maximize that tax-sheltered growth! =)
Thanks for the great video. Once you start on a drip are you you beholden to it forever or can you stop anytime with no penalty. In case you needed the money or when we retire Etc
Hi there! I saw your question on my DRIP video but I'll answer it here as well for others to see: Absolutely! Just submit a new DRIP Enrolment form and you can cancel the DRIP entirely across your whole account or select a few stocks to cancel the DRIPs =)
Thank you for these videos. I didn't know squat about investing or savings. I thought it was only for people making 100k or more and living comfortably, but I recently learned even people working on retail on 35k a year do some investing. I have been saving for years in TD Bank but as you said in previous vids, the interest rate is so bad. I had like 40k in there sitting, wasted all these years. Anyways, no time like the present
You got it Daidi! Everyone has to start somewhere! I started invested when I was a broke college kid, $30K in debt and working 3 part time jobs! Even if it was only $50 at a time, I knew that it would pay off in the long run! And yes... it hurts my soul when I see people sitting with tens of thousands in a savings account being utterly WASTED!
You should definitely keep some money in savings as an Emergency Fund but the rest should be invested so check out my video on How to Transfer Money from you Bank into Questrade to see how to move that money =) ua-cam.com/video/Bf1zufNlQSk/v-deo.html
Great video. I miss these videos. I hope all is well. Would you be able to do a video of your top recommended dividend stocks in the US, top long term Canadian and US stocks and finally top growth stocks to invest in please ?
I'm sorry if you've already answered this but would holding VDY for life be the same? Coming from a set it and forget it standpoint? I know i would be paying MER but I wouldn't need to worry about rebalancing etc. Love your videos. Thanks!
That's a solid approach! Yes if you invest in a dividend ETF like VDY or XEI, you'll be getting exposure of pretty much all of the stocks in this video! And yes diversified ETFs are some of the BEST options for beginner investors who want a set it and forget it approach! Like you mentioned, one of the biggest downsides is the annual management fee but also that you lose control of your portfolio. The ETF can always change the portfolio as they see fit or if the underlying index changes. Whereas when you own shares of a stock, you will ALWAYS own those shares. You control your portfolio at all time. But I go for BOTH ETFs and individual stocks =)
@Canadian in a T-Shirt Thank you for the reply! I think I'll go the ETF approach. Less time fiddling more time enjoying life while my wealth compounds 😁. Thanks again!
Hi I am a student here in Canada. I don't have much to invest at present but is it advisable for me to invest which a small amount. I find your videos very interesting.
Hi Adrian! love your channel, and have been power watching everything I can! Very clear and helpful and really life changing. I apologize if my question has been covered somewhere else. But I was wondering if you can comment on the Canadian dividend tax credit? I 'm a bit confused at how much it covers and the details in general. Cheers! best channel about stocks and that talk about the Canadian focus. Thank you!! :)
Yes you can use WealthSimple but keep in mind that WealthSimple does NOT support DRIPs. So you would have to manually reinvest those dividends. That's one of the many reasons why I prefer Questrade overall, ESPECIALLY for US stocks. But for purely Canadian stocks, WealthSimple is a good option too =)
Enbridge currently has a big deficit in its financial statement, also this Q3 2021 , each share earn around 0.35, however divided pays 0.85, how long could this kind of dividend last?
All of the other manulife stocks with suffixes (MFC.PRF etc) are known as "preferred shares" which have quite a few differences over normal shares (called common stock) such as no voting rights and different liquidation policies if the company goes bankrupt. I don't recommend preferred shares for the average person, you should always go for the regular shares (MFC.TO) =)
Hey Adrian, I love your content so much, I subscribed! Just a question though: do you recommend that we wait until stock prices go down before we purchase them. Or does the latter not make a huge difference? Would you say that now is a good time to purchase stocks (especially the ones that you use/recommended?)
Absolutely! I am actually working on a video right now about what to do: hold and wait versus buying so stay tuned for that! But remember, we are investing in the LONG RUN! So honestly the short term fluctuations don't really matter a whole lot, but sitting on a pile of cash is guaranteed to lose you money due to inflation! =)
Does the info in this video still hold up to in 2022? Also, you mention wealthsimple being a good online broker for beginners. I’m wondering if you can switch down the road over to questrade or something? Or would you just need to start over there?
Absolutely the video all holds up! I am continuing to invest in ALL of these dividend stocks! And yes WealthSimple is a good option for Canadian stocks but Questrade is my overall favourite. I have a whole video on how to Transfer stocks and Cash from WealthSimple into Questrade, so check that out =) ua-cam.com/video/Bf1zufNlQSk/v-deo.html
Hey Adrian! I love your content I was wondering why I can’t find any of these on interactive broker or TD direct investing accounts when I search for them
Great content as always! Your videos really helped me in starting my investment ventures. I remember you mentioning in one of your other videos that you live in the Kitchener/Waterloo area. I actually went to Conestoga for college so I used to be in the same stomping grounds! Cheers from Ottawa!
Hey Graham! Thank you for those kind words and super cool! I actually used to live in Ottawa near Sandy Hill when I was working for the government! I miss biking along the Rideau Canal every day as my commute 😁
Great content and agree with the overall msg. I too suggest my viewers to have a portion of their portfolio allocated to dividend yielding stocks. They are great for long-term wealth creation.
I'm glad to own some stocks you mentionned in your video: Manulife, TD, Telus, Enbridge. I have some I need to increase my position. I also enjoy POW (Power Corp) and PZA (Pizza Pizza) stocks too. Great video and suggestions!
I actually do own CIBC stock but I do prefer BMO and TD since they are a little more diversified and they are not as dependent on mortgages as CIBC is, especially now with historically low rates. But don't get me wrong, CIBC is a FANTASTIC stock to invest in, I just prefer BMO and TD =)
You bet! I include a free Excel Dividend Tracker Template and I go over this template in this video here on DRIPs Explained! I also include a free link to download the template in the description box =) ua-cam.com/video/ouyXwaTOfhU/v-deo.html
I've got you covered! I have made a few videos on my favourite CANADIAN ETFs to invest in, this is my most recent one! =) ua-cam.com/video/5crp5qeQing/v-deo.html
I also have a video on the best Canadian REIT ETFs to gain access to the real estate market. These are some of my favourite investments in my portfolio =) ua-cam.com/video/LQBjOpLedpo/v-deo.html
Hi Adrian, want to throw a thank you and a slight request for future videos. I want to say thank you because I (as a new investor in the 2020 crash) was able to get a MASSIVE return on my stocks and ETF's, most of which were recommended by you, and they're still growing! When anyone has a question about stocks, I send them your way! My suggestion is making note during videos that the minimum required for a drip likely won't last long as the stock price increases, and you should consider adding another thousand if possible to mitigate the increase. This is what I came across when setting up my investments, and granted it was during the pandemic V so it's an extreme scenario, but most (not all) of my purchases stopped supplying me with drips after a couple months. If anyone aside from Adrian is reading this, it's due to the payout not being large enough to purchase the now more expensive stock. This required a top up, and even then it only lasted a few months. Had I known to look for this, I would've changed my strategy a bit. Either way, thanks for all you do, keep at it!
Check out my Stock Picks Playlist where I list my favourite dividend stocks and ETFs in Canada and the US and if you want to see how to calculate the amount required for a DRIP with any stock, check out my DRIPs Explained video =) ua-cam.com/video/ouyXwaTOfhU/v-deo.html
Hello, Thanks for sharing awesome videos. Can u pls confirm do i need to pay taxes on dividend income in my tfsa account for CAN Stocks and Canada ETF's? Also what about USD Stocks in TFSA? I HEARD there is some withholding tax
Nope! Canadian investment income is 100% tax free in a TFSA for both dividends and capital gains. However, US dividends will be charged a 15% withholding tax. That's why I suggest to hold US dividends in your RRSP instead to waive these taxes. Check out my TFSA Explained video to learn more of these details =) ua-cam.com/video/i_bWf1NyUbE/v-deo.html
@@CanadianTShirt. I’ll promise to watch more of your videos but a quick question here. Do you have to apply or qualify for DRIP the very first time you buy stocks? Or you can add amounts till it hits the price later? Some of these DRIPs are pretty steep for a beginner like myself. Thanks .
Yet another great video Adrian. Way to go and yes I own most of your picks. Its not just following a guy on UA-cam. The good quality information that you share is awesome and is extremely helpful when one is undecided or perhaps you've shared information that we/I have overlooked. Cheers and stay safe. All the best...
I have another silly question ,when speaking about investment in enbridge for instance, what's the fréquency at which we should invest money? Or i can put 3000 once and it would be ok
Super helpful as always and worth the wait! Nice to see a few on the list that I’m already in :) and lots more homework for me to do with the others. Thanks again!
@@CanadianTShirt Thank you! Your advice is incredibly valuable, but everyone has to take it and then do some research to match it to their own situation. I know you've helped me out a ton!
Thanks Kim! Yes TD will be traded on the NYSE in USD whereas TD.TO is traded on the TSX in CAD. You should DEFINITELY choose the ".TO" option since you most likely have your money and income in CAD. There's no point in wasting time and money exchanging into USD just to buy the same Canadian stock....
I have multiple videos where I talk about that! Make sure you check out my TFSA and RRSP Explained videos but also this one here on TFSA Mistakes =) ua-cam.com/video/s4cBibLATOU/v-deo.html
Basically, US dividends are NOT tax free in a TFSA. They are charged a 15% withholding tax but this tax is waived in an RRSP! That's why I only hold US dividends in my RRSP and focus on TFSA on Canadian dividends =)
@@scorzi10 capital gains are 100% tax free in a TFSA, even for US stocks! Only the DIVIDENDS from US stocks are taxed 15%. So growth stocks like Tesla will be 100% tax free in a TFSA =)
Do NOT invest in the short term! The money you put into the stock market should be money that you do NOT need and will NOT touch for at least 5 years, ideally even longer! That’s because in the short term, the market is incredibly volatile and prices could drop right before you NEED that money! I go over this in greater detail in my video on Stock Market Explained check it out =) ua-cam.com/video/x_c0YQYEd0g/v-deo.html Basically, in the short term (over the course of a year) you have about a 25% chance of losing money in the stock market. But over the long term, 5+ years you are essentially historically guaranteed to be profitable! So if you NEED this money two years from now for a down payment, do NOT invest it! Instead, put that money in a High Interest Savings account! That way the money will NEVER go down in value and it will be there for you when you need it, plus you’ll earn some interest along the way! The best savings account in Canada right now is EQ Bank, they offer an interest rate of 1.25% (it used to be 2.5% but with interest rates plummeting, this is the best you'll find) Use my referral link below if you'd like to open an account =) api.fintelconnect.com/t/l/5f0699315cf09e001bd26973
In your case, if you are going to buy the house in 5 years, that's a pretty good time horizon so I would do a mix of both. Put about half of your money in a savings account with EQ, that money is safe and guaranteed and you can invest the other half in very reliable and established dividend stocks like in this video or ETFs like in this one =) ua-cam.com/video/hXrN5EVCp8Y/v-deo.html Try to avoid the riskier, speculative investments since you NEED this money in 5 years and you can't afford to wait to let them recover if they crash
great video once again Adrian :) Would covered call ETFs be something you would suggest in a TFSA or RESP, since their dividend yields are often very high?
I don't recommend options trading, especially for beginners! And yes, covered calls are generally "less risky" than regular options but you basically have no chance of long term capital appreciation, you are ENTIRELY reliant on the dividends. I prefer owning actual dividend stocks and ETFs since you an expect BOTH passive income and long term capital gains! But yes if you are invested in something like ZWC, hold it in a TFSA or RRSP to avoid those taxes however don't hold risky investments in your tax-sheltered accounts since you don't want to risk permanently losing that precious contribution room! =)
Absolutely! You will receive dividends no matter which platform you use! However WealthSimple does NOT support DRIPs, that's one of their limitations so you will only receive cash. You will have to manually reinvest your dividends every single month. Just a heads up =)
Absolutely you can buy these in a Margin account but you will be taxed both on your dividends and your capital gains. I recommend maxing out your tax sheltered accounts first! I will definitely be making a video soon on how the Margin account works and how your dividends are taxed in a non-registered account =)
@@CanadianTShirt Thanks. The securities I'm looking at holding have stable prices so I'm less concerned about capital gains. The idea is appealing though since you can buy more shares and make more dividend income.
I don't personally hold ABR but yes with such a high yield, you want to hold that in your RRSP to avoid Canadian taxes AND US withholding taxes on those dividends =)
I just saw your best of Dividends ETF's of 2020...what would be the advantage of putting your funds on the recommended ETF's from that video opposed to this one where you put it in stocks and vice versa....or does it matter at all as both will produce more or less the same results in the end?
Hey!!! Spoiler alert for those who haven't seen it!!! 😅 I always encourage diversification and that means doing a mix of both! You should definitely invest in those ETFs to gain a wide exposure of the entire Canadian market but then within those ETFs, pick a few gems that you truly believe in and double down on those by buying individual stocks! That way I get the best of both worlds! =)
Hey bro what u think of eit.un canoe..pays 9.91% dividend...other yourubers put this as first on their list..is there a risk u see? Payout ratio is 240% though.
I generally avoid income funds.... yes it is very tempting when you see HUGE dividend yields like that but you also have to consider long term capital growth! If you are earning 10% in dividends but the stock price is going down 10% every year... you aren't earning any money! I prefer to invest in quality stocks that have an actual future so that I will earn great dividends AND long term capital growth! =)
Hey Kevin, welcome to the channel! I really think you can't go wrong with any of the dividend stocks here but focus on diversification! You want to spread your money across many different companies and sectors! Don't invest JUST in BMO and TD since they are very linked. Instead, buy one bank stock, one energy, telecom, real estate etc =)
@@CanadianTShirt I appreciate the info 👍 I’m looking at Canoe EIT income fund also. I left a comment on a video earlier. Is it still a good buy at 13.5$ ?. I was wondering if you had a video on it? Im still making my way through them 😂.
I'm still a fan of natural gas / but with a push to electrical vehicles - i shy away from crude oil and oil pipelines - as demand might slow - particularly in the G7
Your analysis says about gains only ! How about fees(MER) for each ticker ? Would appreciate if you can advise any trustworthy website or app which can be useful to get idea about Fees to hold these tickers. Thank you. I like your vidoes 👍👍
These are individual stocks and stocks don't have management fees! (MERs) When you buy a stock, you own the stock until you sell it, there is nothing to manage! Only Mutual funds and ETFs have MERs since there is a fund to manage, to decide which stocks to hold in the fund, what to buy and sell etc. Check out my ETFs Explained video to learn about how MERs work =) ua-cam.com/video/48d7R9MTzlI/v-deo.html
Hey Hailey! I've never used RBC Investing platform personally but look for TSX or Toronto Stock Exchange or something to indicate that you're buying it in CAD instead of the USD equivalent =)
@@CanadianTShirt I’ve noticed from watching your video that the stocks are relatively close to the numbers you’ve provided and flags are shown to represent the currency or location of purchase. I appreciate the quick tips and replies, thank you!
I don't recommend options trading, especially for beginners! And yes, covered calls are generally "less risky" than regular options but you basically have no chance of long term capital appreciation, you are ENTIRELY reliant on the dividends. I prefer owning actual dividend stocks and ETFs since you can expect BOTH passive income and long term capital gains! =)
@@CanadianTShirt Thanks for the reply. I did do some more research on this topic and agree. Seems like a good strategy to get higher returns from dividends, but definitely not a growth strategy.
Thanks again for the info! I already think you're heavily underrated but if you keep this up I'm sure you'll hit a point where you become noticeably more popular and reach a much broader audience.
Thank you Daniel for those kind words! I really appreciate that! And if you'd like to help me grow, feel free to send this video out to your family and friends! 🙏
Amazing vid like all your others. Your videos have truly been so informational & well made, it has helped me so much as a novice investor using only my TFSA for now. Thank you Adrian.
Hi there! I'm a newcomer, literally just arrived this month and starting my journey with my husband in this whole immigration process. Finding your channel has been a blessing, and I've started to binge-watch your videos, starting with your amazing playlist on taxes(!!!). Is there a chance you could dedicate a video for people like me, sort of like 101 on the main things someone new should know? I'm sure you already covered most of it in your channel but I wanted to focus on the specific for people who aren't yet citizens. Thank you so much for your incredible work!! 🙌🏽✨✨
Thank you Arletty and welcome the Canada! 🇨🇦 I really appreciate those kind words and I am so happy to hear that my videos have been helpful as a newcomer and that they are binge-worthy! 🙏 Most of my videos are targeted towards beginners, whether they are immigrants or students or just people who don't know where to start! When it comes to immigration rules and things of that nature, I moved to Canada when I was very young and so my parents handled all of that, plus a lot of those policies have changed since then!... I don't want to make videos on topics that I am not qualified on or have no personal experience with. If you have those kind of questions, you should definitely contact immigration services. That being said, in a few of my videos I mentioned special circumstances regarding new Canadians and their eligibility for things like the TFSA and RRSP, basically that you do NOT have to be a citizen or Permanent Resident to be eligible for those! I hope that helps! =)
Great blue chip picks. I’ve added a bit to my portfolio of quite a few of these pics. I envy the younger investor that can use the TFSA early on. The government hungry for taxes from Canadian citizens are going to be kicking them selves on that one hahaha. Hope they don’t cap it in the future but I can see them doing something to benefit the government.
Hey great content as always!! Right now, I’m holding VSP, VFV, XEI and VRE in my TFSA. Do you think I should sell my VSP and VFV and buy some more XEI and VRE? I want to qualify for XEI/VRE drip I know I should have kept VSP and VFV in my RRSP to avoid US withholding tax. What do you think?
Hey Pedro! I don't personally invest in split shared funds. I know how tempting they can be with their huge dividend yields but most of the time, they have no chance of capital gains! In fact they often decrease in value over time.... so you have to weigh the risk: does the dividend make up for the capital loss.... I much prefer to invest in companies that have a solid future, that way I can benefit from BOTH dividends and long term capital appreciation =)
Hi Adrian, glad you got the microphone sorted. If I decided to invest in tc energy on the nyse and hold it in my RRSP, would there be any tax issues as it’s a Canadian stock, or as it’s traded on the nyse it would be fine?
It should be tax free, there won't be any withholding tax on those dividends since it is a Canadian company plus, even if it was treated as a US dividend (which it isn't), it's in your RRSP so the withholding taxes are waived =)
@@CanadianTShirt thanks so much, also is it normal that the dividend is different whether it is on the TSX vs the NYSE? This seems to be the case with TC Energy.
DRIP works only if the stock price remains the same, right? If the stock price increases, the dividend will not be enough to cover the price of a stock, right?
Absolutely! If the stock price increases ABOVE the amount of the dividend that you receive, your DRIP will not go through and thus you will just receive a cash dividend. Make sure you check out my DRIP Explained video where I go over this in detail and how to prepare for the rising price of stocks =) ua-cam.com/video/ouyXwaTOfhU/v-deo.html
Have to thank you for your video I watched about stocks to invest in right now, back 1 year ago. Every company you suggested is up over 30-40%...however I do appreciate the advice and thank you for the push. But I do recommend everyone to always do your own research and understand what your investing into always. I may sound like a hypocrite. However, I was knowledgable on the investments I was going into, and I just used the advice from Adrian to do it.
Hi Adrian, awesome video as always. I am wondering what your thoughts are around all-in-one ETFs that Vanguard offers. VRGO, VCNS, etc. all seem like very great options to invest over a long period of time. Do you pay taxes on the gains from these since they invest in US companies?
I get the VGRO question all the time and you are correct, you WILL pay taxes on the US dividends within VGRO but not on the capital gains. I think it is a great option for really passive investors, you just put money in, set-it-and-forget-it and like you said, it has incredibly built-in diversification and market exposure. Personally, I avoid these all-in-one packaged ETFs. VGRO is just a collection of 7 ETFs. I would rather just invest in these ETFs directly and in doing so, I can control exactly which account should go where to minimize my taxes rather than just lumping them all in your TFSA and paying the withholding tax as you mentioned. It's a bit more work, but I like having full control of my investments. But for people who don't want the hassle of diversifying their portfolio themselves, I think VGRO is an awesome product and MUCH better than going through a mutual fund! I hope that helps! =)
Hey Adrian, is there a way to “bank” leftover dividends for a DRIP? Let’s say I get 20$ in dividends quarterly and the share is 80$, is there a way to save them so that after a year the DRIP will buy a full share? Or would you have to keep track and manually re-invest?
I've been following your channel for a long while (you're amazing at explaining btw!) and noticed that the TD stocks have been dipping. I can’t tell if the TD Bank is now a risky bank stock because early United States spent a billion dollars to open TD bank branches throughout their country. So I’m like hmm… is this another reason for it’s volatility? I also own stocks from BMO but it's nowhere as volatile as TD. Is this normal?
That's one of the things I love about TD! It has far greater exposure and plans to grow in the US compared to the other banks and in the long run, this will certainly be a good thing! I'm actually buying more shares of TD at this discounted price! =)
With rising interest rates and the Ukraine situation, we can expect a bit of volatility in the short term but in the long term, Canadian banks always win =)
@@CanadianTShirt Thank helps thank you so much for letting me know. I was too paranoid to buy more haha but what you said makes sense. That's exactly my bank advisor just told me like 15 minutes ago!!
Yes that is true, they do not support DRIPs so you will have to manually reinvest and buy those extra shares. But remember, you should only use WealthSimple for Canadian investments. Do NOT use them for US investments since it will cost you a ton of money, far more than commission through currency conversion fees. I talk about this in detail in this video =) ua-cam.com/video/CuVqfQomSPc/v-deo.html
I have a tfsa which I still have room in should I purchase these stocks thru my tfsa or open a cash trading account ? Do I pay tax on these dividends or only if I withdraw the money but not if I reinvest it?
In a TFSA, all of these dividends and capital gains will be 100% tax free! Make sure you watch my TFSA Explained video to learn more! =) ua-cam.com/video/i_bWf1NyUbE/v-deo.html
In a cash trading account, you WILL be taxed on all dividends and capital gains you earn, even if you withdraw it or reinvest it. I hope that helps! =)
But yes, if you still have TFSA room, you should DEFINITELY use that room! Why pay taxes on your investments when you have tax sheltered room waiting for you! =)
All good picks to add to on any market correction. I wouldn't touch them right now, however. I'm also not a fan of DRIPS. I prefer to have the freedom to reinvest my dividends in the best opportunities at any given time. That will very likely not be that particular dividend paying stock.
Hi adrian, I’m learning so much from you! Thank you so much!! And quick question, if wealth simple doesn’t charge anything when trading, I wanted to know why you’re still trading Canadian stocks through Questrade, paying those $5 commission fees?
Overall Questrade is my favourite, WealthSimple is great for purely Canadian investments but NOT for US investments. If you are ONLY investing in Canadian stocks in your TFSA, then using WealthSimple will be the cheapest option although there are some severe limitations with WealthSimple which is why I prefer Questrade for both Canadian and US Investments. I'll go over the limitations with WealthSimple in my upcoming comparison video! Overall, for US investments, Questrade is the clear winner but if you want to use WealthSimple for your Canadian investments, that’s fine too =)
Thanks for this! I was relieved that I already have most of these in my portfolio. Would love to hear your thoughts on $FLT which I also put in the mix. I've kept the portfolio very conservative with a dividend angle, but that's my little special gem on the side :)
Glad to hear it Kyle! I personally don't know of FLT, I did a super quick glance and it's definitely a riskier, more speculative small cap stock so just be prepared for lots of volatility! =)
Way to go Mitchell! That's amazing! Remember whenever there is a market crash or drop, don't panic! Look at it as an opportunity to buy quality stocks at a discount! =)
Just make sure you are diversifying! I love Apple stock and I see a bright future for the company but $10K is a LOT to drop on one single stock.... I would suggest reducing that position and spread it out over other industries and ETFs as well =)
Hi canadian T-shirt could you direct or suggest me the best stock to invest beside the banks in canadian dollar,i deal with questrade TFSA. let me know
Great Scott!! Watched and liked, thanks Adrian! Always appreciate your videos, and own all the stocks you mentioned. My stock portfolio has exploded to the upside over the past year, and I have you to thank for getting me started on this journey. Love seeing all these dividends coming in all the time. Loving the monthly DRIP and share price increase on PPL.TO as well. Could you do a future video on covered call ETF's? I own HHL, NXF, TXF, ZWC, QYLD, RYLD, NUSI.
hahaha there's my favourite Back to the Future fan! 😁 I'm super happy to hear that your portfolio has been doing so well and I'm honoured to have played a small part in that! 🙏
PPL isn't something I own directly but I am invested in them through various ETFs! I might make a video on covered calls in the future but it's not something I personally invest in. Options are not something I would suggest to beginners, even something like covered-calls with are definitely a little safer but there are still a lot of things you need to watch out for! =)
If you want to see more info on the payout ratio and how to look it up, check out my Dividends Explained video! =) ua-cam.com/video/6xzfgObXxvU/v-deo.html
But to learn more about these metrics and how to CALCULATE the payout ratio, check out my How to Analyze a Stock video =) ua-cam.com/video/W-1CBEj8VP8/v-deo.html
To learn the fundamentals of investing check out my MILLENNIAL INVESTING GUIDE 👇
ua-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html
And check out my CANADIAN TAX GUIDE to learn about Taxes, TFSAs and RRSPs 👇
ua-cam.com/play/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj.html
Great vid
@@blessnorthamerica7919 you'll find my referral links for Questrade and WealthSimple in the description box below my video =)
@@blessnorthamerica7919 Which app are you talking about? If you already registered and opened an account, you can't add my referral code after the fact. My referral bonus only applies for NEW clients.... I hope that helps! =)
Do a video about buying IPO in Canada and the United States
This channel is legitimately life changing. What an amazing thing of beauty. Thank you.
Wow! Thank you Daniel so much for those kind words! I really do appreciate that and I'm truly so happy to hear that my videos are making an impact 🙏
His work is greatly appreciated..Thanks to this man he gave me the confidence to take my first step into the stock market.
My hope is to reach dividend income freedom.😃
@@sennensands810 that's one hell of a dream which I also share! Keep investing, stay consistent and over the years we WILL get there 🙂
@@CanadianTShirt Guess what?! Thanks to you good sir I will be buying a duplex 30% down and making it a rental property thanks to my TFSA Growth 😃😃
@@sennensands810 YES!!! That's what I LOVE to hear! And 30% down??? Wow! Way to go! 😁
Thanks ! I was credited $5 for each of my first 4 stocks because I used your link. That really helps out! Thank you.
That's what I love to hear! My $50 signup bonus really helps new investors get started since you can buy up to 10 stocks without having to worry about those commission fees =)
Hey Adrian, just wanted to send out my thanks for helping me get started on investing into dividend stocks. It's currently Oct 2021, but since we started in January, we've had our normal dividend returns but also we've been riding the rise from the covid dip and we've already seen a collective gain for the year of 10.35%! Again, thanks so much.
Wow! Thank you Frank and way to go! I'm so happy to hear that my videos have made an impact on your investing journey and it's fantastic to see your portfolio thriving! Just imagine what it can grow to in a matter of years! =)
@@CanadianTShirt Just wanted to add to my comment there Adrian, since really working towards chunking away as much as possible, it's very likely we will have put away over $30k in dividend stocks in 2021! Crazy aye, once you put your mind to it!! Thanks again!
@@thethomasproject that's amazing to see Frank! Keep it up and let those investments continue to grow and compound! 😁
Your content has remained as detailed, clear and enjoyable as it was on day 1. I don’t comment on videos on UA-cam but feel you warrant the shoutout for sticking to your word on your content authenticity without selling products or promoting sponsored apps etc. Keep up the great work. You’ll grow and grow doing what you’re doing 👍🏼
Ps. A USA equivalent of this video would be 10/10!
Thank you Deanna! I really, truly appreciate those words! I like to think that my sincerity and authenticity is one of the best things about my channel. That's why I NEVER recommend a stock if I don't own it personally! And that's why I would NEVER endorse a product or service unless I truly believe in it and use it in my personal life! There is a LOT of that out there, especially on UA-cam so it's always so important to do your own research and NEVER blindly follow anyone on the internet, including me! =)
And yes, I will definitely be making an updated US dividend list! For now, check out my videos on my favourite US Dividend Stocks and US ETFs =)
ua-cam.com/video/xnafVv6P2PQ/v-deo.html
I clicked on this video to see if I was on track with my Dividend stocks. 4/5 aint bad. Thanks for the video. Very informative!
Way to go Thomas! Which one were you missing? =)
Finally hard work paid off. Thanks buddy for such elaborate video
You got it buddy! This video was DEFINITELY a struggle but I'm glad you found it valuable and it was worth the wait! 🙏
Great selection, I'm holding 5/7 of them!
That's awesome!!! Way to go! 🔥
Thanks for this Adrian. Used your 2020 dividend info to get into several of your picks in Jan of this year, happy with the results to date.
Will be investing more $ into them via TFSA.
Really appreciate your insights, keep up the great work.
Thank you Stephen! I'm really happy to hear that my videos have been providing value and yes, absolutely invest more in your TFSA to maximize that tax-sheltered growth! =)
Thanks for the great video. Once you start on a drip are you you beholden to it forever or can you stop anytime with no penalty. In case you needed the money or when we retire Etc
Hi there! I saw your question on my DRIP video but I'll answer it here as well for others to see: Absolutely! Just submit a new DRIP Enrolment form and you can cancel the DRIP entirely across your whole account or select a few stocks to cancel the DRIPs =)
At that point you will receive the dividends in cash as usual. Then the choice is yours with what to do with that money =)
Thank you for these videos. I didn't know squat about investing or savings. I thought it was only for people making 100k or more and living comfortably, but I recently learned even people working on retail on 35k a year do some investing. I have been saving for years in TD Bank but as you said in previous vids, the interest rate is so bad. I had like 40k in there sitting, wasted all these years. Anyways, no time like the present
You got it Daidi! Everyone has to start somewhere! I started invested when I was a broke college kid, $30K in debt and working 3 part time jobs! Even if it was only $50 at a time, I knew that it would pay off in the long run! And yes... it hurts my soul when I see people sitting with tens of thousands in a savings account being utterly WASTED!
You should definitely keep some money in savings as an Emergency Fund but the rest should be invested so check out my video on How to Transfer Money from you Bank into Questrade to see how to move that money =)
ua-cam.com/video/Bf1zufNlQSk/v-deo.html
Great video. I miss these videos. I hope all is well. Would you be able to do a video of your top recommended dividend stocks in the US, top long term Canadian and US stocks and finally top growth stocks to invest in please ?
Another favourite of mine is Northwest Company, solid dividend with a nice yield and good potential growth
Hey David! It's not a company that I personally own but I will look into it! =)
You are awesome, man! I learned a lot from your videos. keep doing the great job!
Thanks Kaveh! I really appreciate that 🙏
Found my new favourite personal finance channel. Let the bingeing begin!
Thank you Ryan! I really appreciate that and I'm honored that my videos are binge-worthy! =)
Telus is a great stock. I will continue to add to my position.
You got it Sherma! Keep it up! =)
Thanks for the update on these stocks! I just realized I still have some more contribution room in my TFSA; now I know what to invest in!
You got it buddy! All of these stocks are PERFECT for your TFSA! =)
Thanks i learned a lot from your videos especially on Canadian stocks.
Thank you Elias! I'm happy to hear that you found my videos helpful! =)
Thanks for the advice .
It's sounds good
I'm sorry if you've already answered this but would holding VDY for life be the same? Coming from a set it and forget it standpoint? I know i would be paying MER but I wouldn't need to worry about rebalancing etc. Love your videos. Thanks!
That's a solid approach! Yes if you invest in a dividend ETF like VDY or XEI, you'll be getting exposure of pretty much all of the stocks in this video! And yes diversified ETFs are some of the BEST options for beginner investors who want a set it and forget it approach! Like you mentioned, one of the biggest downsides is the annual management fee but also that you lose control of your portfolio. The ETF can always change the portfolio as they see fit or if the underlying index changes. Whereas when you own shares of a stock, you will ALWAYS own those shares. You control your portfolio at all time. But I go for BOTH ETFs and individual stocks =)
@Canadian in a T-Shirt Thank you for the reply! I think I'll go the ETF approach. Less time fiddling more time enjoying life while my wealth compounds 😁. Thanks again!
Thank you for this Adrian . More power to you!
Thanks Lyka for the support as always! I hope you have a lovely Sunday! 😁
Hi I am a student here in Canada. I don't have much to invest at present but is it advisable for me to invest which a small amount. I find your videos very interesting.
Hi Adrian! love your channel, and have been power watching everything I can! Very clear and helpful and really life changing. I apologize if my question has been covered somewhere else. But I was wondering if you can comment on the Canadian dividend tax credit? I 'm a bit confused at how much it covers and the details in general. Cheers! best channel about stocks and that talk about the Canadian focus. Thank you!! :)
Hi, do you use wealth simple to buy this dividend?
Yes you can use WealthSimple but keep in mind that WealthSimple does NOT support DRIPs. So you would have to manually reinvest those dividends. That's one of the many reasons why I prefer Questrade overall, ESPECIALLY for US stocks. But for purely Canadian stocks, WealthSimple is a good option too =)
Enbridge currently has a big deficit in its financial statement, also this Q3 2021 , each share earn around 0.35, however divided pays 0.85, how long could this kind of dividend last?
Dividend earned in registered accounts(eg.RRSP, TFSA) can get tax credit? Thank you
Nope! The tax sheltered accounts are tax-sheltered! So no tax credit because there's no taxes paid! =)
What do you think about the other Manulife stocks listed? Are they owned by Manulife FC
All of the other manulife stocks with suffixes (MFC.PRF etc) are known as "preferred shares" which have quite a few differences over normal shares (called common stock) such as no voting rights and different liquidation policies if the company goes bankrupt.
I don't recommend preferred shares for the average person, you should always go for the regular shares (MFC.TO) =)
Hey Adrian, I love your content so much, I subscribed! Just a question though: do you recommend that we wait until stock prices go down before we purchase them. Or does the latter not make a huge difference? Would you say that now is a good time to purchase stocks (especially the ones that you use/recommended?)
Absolutely! I am actually working on a video right now about what to do: hold and wait versus buying so stay tuned for that! But remember, we are investing in the LONG RUN! So honestly the short term fluctuations don't really matter a whole lot, but sitting on a pile of cash is guaranteed to lose you money due to inflation! =)
Does the info in this video still hold up to in 2022? Also, you mention wealthsimple being a good online broker for beginners. I’m wondering if you can switch down the road over to questrade or something? Or would you just need to start over there?
Absolutely the video all holds up! I am continuing to invest in ALL of these dividend stocks! And yes WealthSimple is a good option for Canadian stocks but Questrade is my overall favourite. I have a whole video on how to Transfer stocks and Cash from WealthSimple into Questrade, so check that out =)
ua-cam.com/video/Bf1zufNlQSk/v-deo.html
Hey Adrian! I love your content I was wondering why I can’t find any of these on interactive broker or TD direct investing accounts when I search for them
Great content as always! Your videos really helped me in starting my investment ventures. I remember you mentioning in one of your other videos that you live in the Kitchener/Waterloo area. I actually went to Conestoga for college so I used to be in the same stomping grounds!
Cheers from Ottawa!
Hey Graham! Thank you for those kind words and super cool! I actually used to live in Ottawa near Sandy Hill when I was working for the government! I miss biking along the Rideau Canal every day as my commute 😁
Nice added cu and trp to the list
Good call buddy! They don't get nearly as much attention as the others on this list but they're still great sources of passive income! =)
Great content and agree with the overall msg. I too suggest my viewers to have a portion of their portfolio allocated to dividend yielding stocks. They are great for long-term wealth creation.
You got it buddy! It's one of the most reliable tools for long term wealth! =)
I'm glad to own some stocks you mentionned in your video: Manulife, TD, Telus, Enbridge. I have some I need to increase my position. I also enjoy POW (Power Corp) and PZA (Pizza Pizza) stocks too. Great video and suggestions!
Thanks Patrick for supporting my channel for so long! 🙏 That purple badge looks pretty cool next to your name 😎
I don't personally own POW directly but I do through a few ETFs and it's definitely one I'm considering to buy soon! =)
@@CanadianTShirt Thank you! 😁👍
Hi Adrian, nothing on CIBC stock? pays the highest$ in dividends...
I actually do own CIBC stock but I do prefer BMO and TD since they are a little more diversified and they are not as dependent on mortgages as CIBC is, especially now with historically low rates. But don't get me wrong, CIBC is a FANTASTIC stock to invest in, I just prefer BMO and TD =)
Thankyou so.much!!
Would you share an exel document to helo us keep track of our portfolio.??
You bet! I include a free Excel Dividend Tracker Template and I go over this template in this video here on DRIPs Explained!
I also include a free link to download the template in the description box =)
ua-cam.com/video/ouyXwaTOfhU/v-deo.html
@@CanadianTShirt goat
Hi Adrian do you have a video on Canadian ETFs with dividends that we could invest in, don't have capital to invest in single stocks. Thanks
I've got you covered! I have made a few videos on my favourite CANADIAN ETFs to invest in, this is my most recent one! =)
ua-cam.com/video/5crp5qeQing/v-deo.html
I also have a video on the best Canadian REIT ETFs to gain access to the real estate market. These are some of my favourite investments in my portfolio =)
ua-cam.com/video/LQBjOpLedpo/v-deo.html
Hi Adrian, want to throw a thank you and a slight request for future videos. I want to say thank you because I (as a new investor in the 2020 crash) was able to get a MASSIVE return on my stocks and ETF's, most of which were recommended by you, and they're still growing! When anyone has a question about stocks, I send them your way!
My suggestion is making note during videos that the minimum required for a drip likely won't last long as the stock price increases, and you should consider adding another thousand if possible to mitigate the increase. This is what I came across when setting up my investments, and granted it was during the pandemic V so it's an extreme scenario, but most (not all) of my purchases stopped supplying me with drips after a couple months. If anyone aside from Adrian is reading this, it's due to the payout not being large enough to purchase the now more expensive stock. This required a top up, and even then it only lasted a few months. Had I known to look for this, I would've changed my strategy a bit. Either way, thanks for all you do, keep at it!
what are best canadian REITS to invest?
I've got you covered buddy! Check out my video on the BEST CANADIAN REITS! =)
ua-cam.com/video/cscnH569Adc/v-deo.html
Please more video like this one you explain more and how much to put in to each stock to get a return and how much
Check out my Stock Picks Playlist where I list my favourite dividend stocks and ETFs in Canada and the US and if you want to see how to calculate the amount required for a DRIP with any stock, check out my DRIPs Explained video =)
ua-cam.com/video/ouyXwaTOfhU/v-deo.html
I’m enjoying my Enbridge positions very much. Thanks to your recommendation in your last Canadian dividend stocks video. 👌
I'm happy to hear that! Ya those dividends are amazing! Especially when you get that DRIP! =)
@@CanadianTShirt yep exactly. I’m getting a few free shares a quarter and it’s awesome watching it grow 🙂
Hello,
Thanks for sharing awesome videos.
Can u pls confirm do i need to pay taxes on dividend income in my tfsa account for CAN Stocks and Canada ETF's?
Also what about USD Stocks in TFSA?
I HEARD there is some withholding tax
Nope! Canadian investment income is 100% tax free in a TFSA for both dividends and capital gains. However, US dividends will be charged a 15% withholding tax. That's why I suggest to hold US dividends in your RRSP instead to waive these taxes. Check out my TFSA Explained video to learn more of these details =)
ua-cam.com/video/i_bWf1NyUbE/v-deo.html
Thanks for the info. Let’s go CANADA.
You got it!!! 🇨🇦
@@CanadianTShirt. I’ll promise to watch more of your videos but a quick question here.
Do you have to apply or qualify for DRIP the very first time you buy stocks? Or you can add amounts till it hits the price later? Some of these DRIPs are pretty steep for a beginner like myself.
Thanks .
Yet another great video Adrian. Way to go and yes I own most of your picks. Its not just following a guy on UA-cam. The good quality information that you share is awesome and is extremely helpful when one is undecided or perhaps you've shared information that we/I have overlooked. Cheers and stay safe. All the best...
Thank you Eric! I really appreciate that and I'm glad to hear that you have a quality portfolio! 😁
I have another silly question ,when speaking about investment in enbridge for instance, what's the fréquency at which we should invest money? Or i can put 3000 once and it would be ok
Super helpful as always and worth the wait! Nice to see a few on the list that I’m already in :) and lots more homework for me to do with the others. Thanks again!
That's what I LOVE to hear buddy! The fact that you will do your OWN homework rather than just blindly following my advice! Keep it up man! 🔥
@@CanadianTShirt Thank you! Your advice is incredibly valuable, but everyone has to take it and then do some research to match it to their own situation. I know you've helped me out a ton!
Hello, would you please advise what's the difference between the stock code "TD" and "TD.TO"? Which one is better? Thx!
Td.To is canadian stock. To means it's traded in Toronto stock market
@@kimjay8376 Thx a lot!
Thanks Kim! Yes TD will be traded on the NYSE in USD whereas TD.TO is traded on the TSX in CAD. You should DEFINITELY choose the ".TO" option since you most likely have your money and income in CAD. There's no point in wasting time and money exchanging into USD just to buy the same Canadian stock....
@@CanadianTShirt Oh I got it now! Thx Adrian!
Hi. Is it good to buy dividend stock in RRSP or TFSA account ?! Please guide
I have multiple videos where I talk about that! Make sure you check out my TFSA and RRSP Explained videos but also this one here on TFSA Mistakes =)
ua-cam.com/video/s4cBibLATOU/v-deo.html
Basically, US dividends are NOT tax free in a TFSA. They are charged a 15% withholding tax but this tax is waived in an RRSP! That's why I only hold US dividends in my RRSP and focus on TFSA on Canadian dividends =)
Thank you for your reply. I ll check other videos aswell.
@@CanadianTShirt what about a stock like tsla with no dividend
@@scorzi10 capital gains are 100% tax free in a TFSA, even for US stocks! Only the DIVIDENDS from US stocks are taxed 15%. So growth stocks like Tesla will be 100% tax free in a TFSA =)
I have three of these stocks but I also have XEI. My question is should I just choose one, either the high div etf or individual stocks?
How should I invest my downpayment money in today's market if I plan to buy a house in GTA in 2-5 years?
Do NOT invest in the short term! The money you put into the stock market should be money that you do NOT need and will NOT touch for at least 5 years, ideally even longer! That’s because in the short term, the market is incredibly volatile and prices could drop right before you NEED that money! I go over this in greater detail in my video on Stock Market Explained check it out =)
ua-cam.com/video/x_c0YQYEd0g/v-deo.html
Basically, in the short term (over the course of a year) you have about a 25% chance of losing money in the stock market. But over the long term, 5+ years you are essentially historically guaranteed to be profitable!
So if you NEED this money two years from now for a down payment, do NOT invest it! Instead, put that money in a High Interest Savings account! That way the money will NEVER go down in value and it will be there for you when you need it, plus you’ll earn some interest along the way!
The best savings account in Canada right now is EQ Bank, they offer an interest rate of 1.25% (it used to be 2.5% but with interest rates plummeting, this is the best you'll find)
Use my referral link below if you'd like to open an account =)
api.fintelconnect.com/t/l/5f0699315cf09e001bd26973
In your case, if you are going to buy the house in 5 years, that's a pretty good time horizon so I would do a mix of both. Put about half of your money in a savings account with EQ, that money is safe and guaranteed and you can invest the other half in very reliable and established dividend stocks like in this video or ETFs like in this one =)
ua-cam.com/video/hXrN5EVCp8Y/v-deo.html
Try to avoid the riskier, speculative investments since you NEED this money in 5 years and you can't afford to wait to let them recover if they crash
Thank you for your advice. I really like all the ETFs in the recommended video. How should I divide the cash among the ETFs?
great video once again Adrian :) Would covered call ETFs be something you would suggest in a TFSA or RESP, since their dividend yields are often very high?
I don't recommend options trading, especially for beginners! And yes, covered calls are generally "less risky" than regular options but you basically have no chance of long term capital appreciation, you are ENTIRELY reliant on the dividends. I prefer owning actual dividend stocks and ETFs since you an expect BOTH passive income and long term capital gains! But yes if you are invested in something like ZWC, hold it in a TFSA or RRSP to avoid those taxes however don't hold risky investments in your tax-sheltered accounts since you don't want to risk permanently losing that precious contribution room! =)
Another great video, thanks CIAT!!
haha thank you! I'm wondering if I should use CIAT or CIATS as an acronym... 🤔
I feel like "shirt" deserves its own letter
@@CanadianTShirt lmaooo I was just wondering that when I typed the abbreviation. I think you're right, CIATS sounds better lol
If I buy stocks on WealthSimple do I still get the dividends? Sorry for stupid question
Absolutely! You will receive dividends no matter which platform you use! However WealthSimple does NOT support DRIPs, that's one of their limitations so you will only receive cash. You will have to manually reinvest your dividends every single month. Just a heads up =)
@@CanadianTShirt Thanks for fast reply... subbed!
KL is ok now too since inflation hit..but top choice picks! I have only 7 Canadian div company and 4 of them in this video…good work!
That's awesome! There are definitely MORE great Canadian dividend stocks out there and I will definitely be covering more of them in the future! =)
Any thoughts about split shares Corporation? Are they eligible to have them on TFSA account? Thanks in advance
Can you buy these names for dividend income in a margin account and how is margin calculated?
Absolutely you can buy these in a Margin account but you will be taxed both on your dividends and your capital gains. I recommend maxing out your tax sheltered accounts first! I will definitely be making a video soon on how the Margin account works and how your dividends are taxed in a non-registered account =)
@@CanadianTShirt Thanks. The securities I'm looking at holding have stable prices so I'm less concerned about capital gains. The idea is appealing though since you can buy more shares and make more dividend income.
Hi, I also like a lot AQN and BEPC :) Great video !
AQN is also great!
Absolutely! I don't hold AQN directly but I am invested in them through various ETFs =)
what do you guys think about WCP?
It's not something that I own directly but I do have a little bit of exposure through a few ETFs =)
I’ve had my eye on ABR Arbor realty. It is an American REIT; in your opinion, would I buy this stock with my RRSP or TFSA?
I don't personally hold ABR but yes with such a high yield, you want to hold that in your RRSP to avoid Canadian taxes AND US withholding taxes on those dividends =)
@@CanadianTShirt thank you so much, I appreciate the feedback. I liked their low borrowing rate and growth potential.
I just saw your best of Dividends ETF's of 2020...what would be the advantage of putting your funds on the recommended ETF's from that video opposed to this one where you put it in stocks and vice versa....or does it matter at all as both will produce more or less the same results in the end?
Hey!!! Spoiler alert for those who haven't seen it!!! 😅
I always encourage diversification and that means doing a mix of both! You should definitely invest in those ETFs to gain a wide exposure of the entire Canadian market but then within those ETFs, pick a few gems that you truly believe in and double down on those by buying individual stocks! That way I get the best of both worlds! =)
@@CanadianTShirt Thanks, I just edited out FYI lol
Hey bro what u think of eit.un canoe..pays 9.91% dividend...other yourubers put this as first on their list..is there a risk u see? Payout ratio is 240% though.
I generally avoid income funds.... yes it is very tempting when you see HUGE dividend yields like that but you also have to consider long term capital growth! If you are earning 10% in dividends but the stock price is going down 10% every year... you aren't earning any money! I prefer to invest in quality stocks that have an actual future so that I will earn great dividends AND long term capital growth! =)
@@CanadianTShirt what do you think about hyld hdiv and hdif
New sub to your channel here 😊.
I’m going to start investing in dividends very soon if you had a choice we’re would you start ?
Hey Kevin, welcome to the channel! I really think you can't go wrong with any of the dividend stocks here but focus on diversification! You want to spread your money across many different companies and sectors! Don't invest JUST in BMO and TD since they are very linked. Instead, buy one bank stock, one energy, telecom, real estate etc =)
@@CanadianTShirt I appreciate the info 👍 I’m looking at Canoe EIT income fund also. I left a comment on a video earlier. Is it still a good buy at 13.5$ ?. I was wondering if you had a video on it? Im still making my way through them 😂.
I'm still a fan of natural gas / but with a push to electrical vehicles - i shy away from crude oil and oil pipelines - as demand might slow - particularly in the G7
Your analysis says about gains only ! How about fees(MER) for each ticker ? Would appreciate if you can advise any trustworthy website or app which can be useful to get idea about Fees to hold these tickers. Thank you. I like your vidoes 👍👍
These are individual stocks and stocks don't have management fees! (MERs)
When you buy a stock, you own the stock until you sell it, there is nothing to manage! Only Mutual funds and ETFs have MERs since there is a fund to manage, to decide which stocks to hold in the fund, what to buy and sell etc. Check out my ETFs Explained video to learn about how MERs work =)
ua-cam.com/video/48d7R9MTzlI/v-deo.html
@@CanadianTShirt Good to know. thank you for the prompt response. Amazing. 👍👍🙏🙏
Investing account is set up through RBC and I’m having difficulties finding any that end in .TO, any suggestions? Thanks!
Hey Hailey! I've never used RBC Investing platform personally but look for TSX or Toronto Stock Exchange or something to indicate that you're buying it in CAD instead of the USD equivalent =)
@@CanadianTShirt I’ve noticed from watching your video that the stocks are relatively close to the numbers you’ve provided and flags are shown to represent the currency or location of purchase. I appreciate the quick tips and replies, thank you!
Hey Adrian, what's your thoughts on Covered Call ETFs?
I don't recommend options trading, especially for beginners! And yes, covered calls are generally "less risky" than regular options but you basically have no chance of long term capital appreciation, you are ENTIRELY reliant on the dividends. I prefer owning actual dividend stocks and ETFs since you can expect BOTH passive income and long term capital gains! =)
@@CanadianTShirt Thanks for the reply. I did do some more research on this topic and agree. Seems like a good strategy to get higher returns from dividends, but definitely not a growth strategy.
Thank you Adrian,
I hope you had some rest.
Thank you so much again for your content
Thanks buddy! I was FINALLY able to rest last night 😁
I'm really glad you enjoyed the video!
Thanks again for the info! I already think you're heavily underrated but if you keep this up I'm sure you'll hit a point where you become noticeably more popular and reach a much broader audience.
Thank you Daniel for those kind words! I really appreciate that! And if you'd like to help me grow, feel free to send this video out to your family and friends! 🙏
Amazing vid like all your others. Your videos have truly been so informational & well made, it has helped me so much as a novice investor using only my TFSA for now. Thank you Adrian.
Thank you Vik! I really appreciate that and I'm happy that my videos have been so helpful and accessible as a beginner! =)
Does it matter if I invest in Canadian utilities class A or class B?
I would avoid those! Just get the regular stocks CU.TO. The other suffixes are called preferred shares which I do not recommend for most investors =)
Hi there!
I'm a newcomer, literally just arrived this month and starting my journey with my husband in this whole immigration process. Finding your channel has been a blessing, and I've started to binge-watch your videos, starting with your amazing playlist on taxes(!!!).
Is there a chance you could dedicate a video for people like me, sort of like 101 on the main things someone new should know? I'm sure you already covered most of it in your channel but I wanted to focus on the specific for people who aren't yet citizens.
Thank you so much for your incredible work!! 🙌🏽✨✨
Thank you Arletty and welcome the Canada! 🇨🇦 I really appreciate those kind words and I am so happy to hear that my videos have been helpful as a newcomer and that they are binge-worthy! 🙏
Most of my videos are targeted towards beginners, whether they are immigrants or students or just people who don't know where to start! When it comes to immigration rules and things of that nature, I moved to Canada when I was very young and so my parents handled all of that, plus a lot of those policies have changed since then!... I don't want to make videos on topics that I am not qualified on or have no personal experience with. If you have those kind of questions, you should definitely contact immigration services. That being said, in a few of my videos I mentioned special circumstances regarding new Canadians and their eligibility for things like the TFSA and RRSP, basically that you do NOT have to be a citizen or Permanent Resident to be eligible for those! I hope that helps! =)
@@CanadianTShirt Fair enough! Thank you so so much 💕💕
Great blue chip picks. I’ve added a bit to my portfolio of quite a few of these pics. I envy the younger investor that can use the TFSA early on. The government hungry for taxes from Canadian citizens are going to be kicking them selves on that one hahaha. Hope they don’t cap it in the future but I can see them doing something to benefit the government.
Hey buddy solid picks :) thank you for the video
Thanks bud! I really appreciate your kind words and support as always! 🙏
Hey great content as always!! Right now, I’m holding VSP, VFV, XEI and VRE in my TFSA. Do you think I should sell my VSP and VFV and buy some more XEI and VRE? I want to qualify for XEI/VRE drip
I know I should have kept VSP and VFV in my RRSP to avoid US withholding tax.
What do you think?
Hi, what are your thought about split shared funds? Could you make a video about it?
Hey Pedro! I don't personally invest in split shared funds. I know how tempting they can be with their huge dividend yields but most of the time, they have no chance of capital gains! In fact they often decrease in value over time.... so you have to weigh the risk: does the dividend make up for the capital loss.... I much prefer to invest in companies that have a solid future, that way I can benefit from BOTH dividends and long term capital appreciation =)
@@CanadianTShirt Thank you! You have been inspiring me a lot.
TFSA just announced its contribution limit for 2022 and it is another 6,000$ wooo! 👍81,500 now
You got it buddy! Enjoy that tax sheltered growth! =)
Hi Adrian, glad you got the microphone sorted. If I decided to invest in tc energy on the nyse and hold it in my RRSP, would there be any tax issues as it’s a Canadian stock, or as it’s traded on the nyse it would be fine?
It should be tax free, there won't be any withholding tax on those dividends since it is a Canadian company plus, even if it was treated as a US dividend (which it isn't), it's in your RRSP so the withholding taxes are waived =)
@@CanadianTShirt thanks so much, also is it normal that the dividend is different whether it is on the TSX vs the NYSE? This seems to be the case with TC Energy.
DRIP works only if the stock price remains the same, right? If the stock price increases, the dividend will not be enough to cover the price of a stock, right?
Absolutely! If the stock price increases ABOVE the amount of the dividend that you receive, your DRIP will not go through and thus you will just receive a cash dividend. Make sure you check out my DRIP Explained video where I go over this in detail and how to prepare for the rising price of stocks =)
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Great video as always. Very good selection.
Thanks Neville! I'm glad you found value in this video! =)
Have to thank you for your video I watched about stocks to invest in right now, back 1 year ago. Every company you suggested is up over 30-40%...however I do appreciate the advice and thank you for the push. But I do recommend everyone to always do your own research and understand what your investing into always. I may sound like a hypocrite. However, I was knowledgable on the investments I was going into, and I just used the advice from Adrian to do it.
Hi Adrian, awesome video as always.
I am wondering what your thoughts are around all-in-one ETFs that Vanguard offers. VRGO, VCNS, etc. all seem like very great options to invest over a long period of time.
Do you pay taxes on the gains from these since they invest in US companies?
I get the VGRO question all the time and you are correct, you WILL pay taxes on the US dividends within VGRO but not on the capital gains. I think it is a great option for really passive investors, you just put money in, set-it-and-forget-it and like you said, it has incredibly built-in diversification and market exposure. Personally, I avoid these all-in-one packaged ETFs. VGRO is just a collection of 7 ETFs. I would rather just invest in these ETFs directly and in doing so, I can control exactly which account should go where to minimize my taxes rather than just lumping them all in your TFSA and paying the withholding tax as you mentioned. It's a bit more work, but I like having full control of my investments. But for people who don't want the hassle of diversifying their portfolio themselves, I think VGRO is an awesome product and MUCH better than going through a mutual fund! I hope that helps! =)
@@CanadianTShirt that's awesome, thank you so much. I really appreciate you answering my questions :)
@@codysiegmann5637 it's my pleasure! That's what I do! Enjoy the long weekend! 😁
Hi Adrian, wanted to let you know that your videos are very helpful. Thank you so much!
Thank you Grace for those kind words! I really appreciate that! =)
Thank you very much I bought all the stocks you recommended last year and it's doing great!
Thanks buddy! That's what I love to hear! Keep holding them! =)
Hey Adrian, is there a way to “bank” leftover dividends for a DRIP? Let’s say I get 20$ in dividends quarterly and the share is 80$, is there a way to save them so that after a year the DRIP will buy a full share? Or would you have to keep track and manually re-invest?
I've been following your channel for a long while (you're amazing at explaining btw!) and noticed that the TD stocks have been dipping. I can’t tell if the TD Bank is now a risky bank stock because early United States spent a billion dollars to open TD bank branches throughout their country. So I’m like hmm… is this another reason for it’s volatility? I also own stocks from BMO but it's nowhere as volatile as TD. Is this normal?
That's one of the things I love about TD! It has far greater exposure and plans to grow in the US compared to the other banks and in the long run, this will certainly be a good thing! I'm actually buying more shares of TD at this discounted price! =)
Oh and thank you for the kind words Selva! I really do appreciate that! 🙏
With rising interest rates and the Ukraine situation, we can expect a bit of volatility in the short term but in the long term, Canadian banks always win =)
@@CanadianTShirt Thank helps thank you so much for letting me know. I was too paranoid to buy more haha but what you said makes sense. That's exactly my bank advisor just told me like 15 minutes ago!!
So using wealthsimple doesnt charg commission fee..meaning we dont really have to worry abt qualifying for drips..we can just buy commssion free?
Yes that is true, they do not support DRIPs so you will have to manually reinvest and buy those extra shares. But remember, you should only use WealthSimple for Canadian investments. Do NOT use them for US investments since it will cost you a ton of money, far more than commission through currency conversion fees. I talk about this in detail in this video =)
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I have a tfsa which I still have room in should I purchase these stocks thru my tfsa or open a cash trading account ? Do I pay tax on these dividends or only if I withdraw the money but not if I reinvest it?
In a TFSA, all of these dividends and capital gains will be 100% tax free! Make sure you watch my TFSA Explained video to learn more! =)
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In a cash trading account, you WILL be taxed on all dividends and capital gains you earn, even if you withdraw it or reinvest it. I hope that helps! =)
But yes, if you still have TFSA room, you should DEFINITELY use that room! Why pay taxes on your investments when you have tax sheltered room waiting for you! =)
All good picks to add to on any market correction. I wouldn't touch them right now, however. I'm also not a fan of DRIPS. I prefer to have the freedom to reinvest my dividends in the best opportunities at any given time. That will very likely not be that particular dividend paying stock.
Great video Adrian. I would like to know your opinion on the Dividend 15 Split Corp stocks
Hi adrian, I’m learning so much from you! Thank you so much!!
And quick question, if wealth simple doesn’t charge anything when trading, I wanted to know why you’re still trading Canadian stocks through Questrade, paying those $5 commission fees?
Overall Questrade is my favourite, WealthSimple is great for purely Canadian investments but NOT for US investments. If you are ONLY investing in Canadian stocks in your TFSA, then using WealthSimple will be the cheapest option although there are some severe limitations with WealthSimple which is why I prefer Questrade for both Canadian and US Investments. I'll go over the limitations with WealthSimple in my upcoming comparison video! Overall, for US investments, Questrade is the clear winner but if you want to use WealthSimple for your Canadian investments, that’s fine too =)
@@CanadianTShirt thanks Adrian, can’t wait for your next video😁
Thanks for this! I was relieved that I already have most of these in my portfolio. Would love to hear your thoughts on $FLT which I also put in the mix. I've kept the portfolio very conservative with a dividend angle, but that's my little special gem on the side :)
Glad to hear it Kyle! I personally don't know of FLT, I did a super quick glance and it's definitely a riskier, more speculative small cap stock so just be prepared for lots of volatility! =)
I picked up TD below $60 CAD because of your recommendation, safe to say that’s been a great call thus far!😁
Way to go Mitchell! That's amazing! Remember whenever there is a market crash or drop, don't panic! Look at it as an opportunity to buy quality stocks at a discount! =)
Also my investement plan is to invest around 10k on AAPL and the rest on canadian stocks ,what you can say pls light me .
Just make sure you are diversifying! I love Apple stock and I see a bright future for the company but $10K is a LOT to drop on one single stock.... I would suggest reducing that position and spread it out over other industries and ETFs as well =)
Hi canadian T-shirt could you direct or suggest me the best stock to invest beside the banks in canadian dollar,i deal with questrade TFSA. let me know
I have a whole playlist of my favourite stocks and ETFs to invest in so check it out =)
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didn't schwab merge TD?
They did on the US side for TD Ameritrade!
Great Scott!! Watched and liked, thanks Adrian! Always appreciate your videos, and own all the stocks you mentioned. My stock portfolio has exploded to the upside over the past year, and I have you to thank for getting me started on this journey. Love seeing all these dividends coming in all the time. Loving the monthly DRIP and share price increase on PPL.TO as well. Could you do a future video on covered call ETF's? I own HHL, NXF, TXF, ZWC, QYLD, RYLD, NUSI.
hahaha there's my favourite Back to the Future fan! 😁
I'm super happy to hear that your portfolio has been doing so well and I'm honoured to have played a small part in that! 🙏
PPL isn't something I own directly but I am invested in them through various ETFs! I might make a video on covered calls in the future but it's not something I personally invest in. Options are not something I would suggest to beginners, even something like covered-calls with are definitely a little safer but there are still a lot of things you need to watch out for! =)
Great video Adrian! never disappointed with the level of detail and passion in your videos! I need to buy TD!
Thank you Amaris! I really appreciate those kind words and you got it! It's my all time favourite dividend growth stock! =)
Opinion on long term REIT holdings? SRU.UN or CHP.UN?
I have a WHOLE video on the Best Canadian REITs!
Both of them definitely make an appearance! =)
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Hr and Riocan better far better
How do you get these statistics like payout ratio?
If you want to see more info on the payout ratio and how to look it up, check out my Dividends Explained video! =)
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But to learn more about these metrics and how to CALCULATE the payout ratio, check out my How to Analyze a Stock video =)
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Thanks a lot bud! ...solid picks and good rationale.
Thanks buddy! I appreciate that and I'm glad you found it helpful! =)
Amazing video! Keep up the great work 👍
Thank you! I really appreciate that and have a lovely Sunday! =)