I'm sure everyone is going to jump all over this saying this guy was "lucky" and maybe he was. But remember what they say - luck is what happens when preparation meets opportunity.
yeah, the guy did his research and YOLOed his life savings basically. And then had the smarts to sell it all at the peak. That's the HARD part, getting OFF at the right time.
I am yielding $500/month from my TFSA. Right now I am just reinvesting and contributing every month. Hopefully, within the next couple of years it should grow to $1000/month.
My story is nowhere near this guys. I'm presently getting $2000/month in tax free dividends in my TFSA all from PII covered call ETFs. My top holdings in order of size are ENCL, BANK, BKCL USCL and a few other smaller holdings like HYLD, QQCL, HTAE, YTSL, YNVD. At the start of 2020 my TFSA was around a paltry $40,000 and just before Covid hit the stock market I sold everything in March 2020. About a couple month later I jumped right back in head first after most stocks were hammered but suddenly started coming back up. I had a couple single stocks that went up 100 to 400% during 2020 & 2021. Then in 2022 I switched from single stocks to high dividend ETFs. Now my TFSA averages around $145 to $150k.
I sent this comment in 2 months ago for another video, I'd like to share it with you and others again." Thank you Adriano for your openness, honesty and knowledge. 3 years ago I first found your "Passive Income Investing" site. I'm sure I was one of your now many subscribers who had Mutual Funds LANGUISHING in bank controlled accounts. Now I can say that my ETF's in self-directive accounts are FLOURISHING. We could not have done it without you. Keep up your GREAT WORK Adriano. Grazie-Thank You!"
Wow! I thought I was doing so well with 300k in my Tfsa,but this gentleman is absolutely crushing it! Good for him! And Adriano is correct when he asserts the point that one’s TFSA is NOT the place to invest in very high risk investments. Lost room never comes back.
@@pjm3005 Take your $95K TFSA balance (or w/e the full contribution amount currently is), put it in Gamestop; lose 90% and sell; remaining balance is $10,000. Only remaining contribution is now just the annual $7,000. The $90K lost room doesn't come back, only the new yearly contribution amount. Plus, you can't write off the loss against capital gains/income like a taxable account loss.
Hi Adrian, I love your channel and find it very hopeful and inspiring. You gave me the courage to make changes to my own TFSA and retirement plans that are already bearing fruit, and which give me more hope for the future. I'm also happy to find agreement (on your channel) with what I'm doing for my own kids, re: TFSA's. By the time they are my age, they will have had them for almost 30 years. You helped put us on the right path. Thank you!!!
The TFSA was introduced in the 2008 budget, and came into being on January 1, 2009 under the Harper Conservative Government. I guess being from Quebec you’re use to the Largesse of the Federal Liberals. They are a couple other ways to lessen your tax burden in Canada: 1. Flow-through shares. 2. Borrowing money to buy dividend stocks, and writing off the interest on your tax form.
When I first saw the title, I was thinking ...Day Trading? Which is not allowed in a TFSA. It is amazing his TFSA rose so high, so fast. Looks like he bought Shopify at the right time, and sold it before it dropped. Very impressive!
agree. In 2015 I had 20k just sitting in my TD high-interest TFSA. A very nice lady from the bank called me out of the blue and suggested that I invest it into something better. Since I was using it as part of a home down payment in 60 days I didn't take her up on the offer but I appreciated the effort.
I think there is enough advice out there we can all access to manage this ourselves, at least in most cases. UA-cam, books, online brokerages...just. be. smart! The importance of being conservative in a TFSA is important. speculation is out! Luck goes both ways.
yes. and any funds you withdraw increase your contribution room in the next calendar year dollar for dollar. so, if "Marcus" is withdrawing 11k per month (134k per year) from his TFSA that means his contribution room increases by 134k the next year.
@@pjm3005 What? So if I take 10k in dividends from my TFSA, next year I have the normal 6k increase plus another 10k, for a total of 16k???? That can't be right. Never heard of this before.
@@TonyMontanaDS from the cra website: "Withdrawals, excluding qualifying transfers and specified distributions, made from your TFSA in the year will only be added back to your TFSA contribution room at the beginning of the following year." The is no withdrawal cap. So, if you've managed to get your TFSA up to, say, 1,000,000 you could withdraw 500k this fiscal year, spend it on whatever (and pay no taxes on that 500k) and then next fiscal year you get your 7k contribution that everyone gets plus you can add up to 500k back into your TFSA at no penalty. And that extra 500k carries over year to year until you've added it back. I'm still sitting on an extra 20k of contribution room from 2015 when I withdrew 20k as part of a house down payment. Read the rules, bruh!
@@TonyMontanaDS the example straight from the CRA website: "Since opening her TFSA in 2009, Jenny has contributed the maximum TFSA dollar limit each year. At the end of 2023, she has no TFSA contribution room left. In 2024, Jenny makes a $7,000 contribution, the TFSA dollar limit for 2024. Later that year, she withdraws $3,000 for a trip. Unfortunately, her plans change and she cannot go. There are choices Jenny could make regarding her TFSA withdrawal as described below. If Jenny wishes to re-contribute part or all of the $3,000 she withdrew, she will have to wait until the beginning of 2025 to do so. The $3,000 will be added to her TFSA contribution room at the beginning of 2025." 3K is just an example number. It could be any amount.
So 2 path to achieve financial independence 1) start with income ETF then buy and sell a real estate, then use proceeds to buy more income ETF 2) start with growth stocks then swap to income ETF I'm doing no. 1 it's easier no luck needed no. 2 how would you pick a stock that'll grow exponentially in 5 years?
In 2015, the Liberals decreased the TFSA limit from 10000 to $5500 when they came into power. This change was a setback for middle-class individuals who were trying to invest. Additionally, Trudeau eliminated income splitting, removed fitness and art credits, and added a new 33% tax bracket.
@@raepopowich9201 That's true, but the the $10,000 limit was fixed at that level while the $5500 was indexed which is why it is $7000 today. At the same time the Conservatives delayed OAS pensions to age 67 for anyone born after 1958 while the Liberals rolled it back to 65. Today, OAS payout is $8560/year which is over $17,000 extra money for any retiree born after 1958. I rather take the $17,000. There is also an extra bonus for people over 75 (which I think the Liberals introduced). With a high inflation rate, I estimate that it will take another 10 years or so for TFSA to reach $10,000 through indexing. I doubt it was much a setback for middle class people trying to max out their TFSA's beyond $5500. Most don't have the money and many buy GICs in their TFSA's. The average TFSA size is about $45,000. Not mine and yours of course. With all these changes mentioned, nothing aggravates me more than the capital gains change this month. It's not only a tax on the rich but on the dead too who will have more that $250,000 in gains from investments and real estate. Yeah, I was planning to take it with me!
He also had Kal Ghadban whacked. Kal Ghadban was Ottawa Police Services head of human trafficking and prevented Harper, Denis Lebel and Archbishop Gerald Lacroix from sacrificing a young boy. I guess him introducing the TFSA makes it all good though. Your tax free earnings are clearly worth more than that childs life and Kal Ghadbans life!
If I had disposable cash, today I would buy Nvidia that is scheduled to split 10 for 1 on 07 June. In 12 months, Nvidia went from $370 to well over $1,000. No reason why the split $100 share cannot do the same!
You need to be careful with building up a TFSA too fast, or making too much in dividends inside it. The tax laws are written in a way to give the CRA a wide margin to interpret as they want. One of the issues that will get you in trouble is if your income inside your TFSA is higher than outside of it. You could end up having to pay tax on that income. If your TFSA is going to balloon up like this you'd really want to duplicate your holdings in a taxable account so your TFSA isn't outpacing your other income.
You have most definitely helped me and I’m sure you’ve helped so many others. I’m very grateful that I came across your channel. It’s made a huge difference in my life. Thank you again.
I live in southeastern North Carolina, I know of a guy who in late 2008 early 2009 cashed in $125,000 CD sitting in his local bank earning nearly next to nothing. He put the entire amount in Ford shares at $1.25 to $1.50 a share. If I remember right he ended up with around 90,000 shares which he still holds, said it was a life changing decision like winning the lottery.
Currently getting $1,300/mth in my $97k tfsa and growing it every year to eventually (hoping to) transfer over all my non-registered account investments.
The only way to have gotten your TFSA over 500k is going all in on growth stock(s) and selling at the right time, so tough to do. Congrats to him for doing well. My tfsa is split between cad dividend stocks (in hindsight a mistake) and some usa tech stocks (AAPL, MSFT, FB). Current value is around 215k, mostly from the USA tech stocks. The lack of growth in my CAD portion killed my tfsa, lesson learned.
Prety cool ! tfsa is the bomb, doind it by yourself very easy and most of the peoples feel unsafe to think about it. like you i manage my tfsa and my wife tfsa and its realy fun. its been 1 year now since a discover your channel it give me the push to do it by myself, I learn alot from you and other channel, Trust yourself and dont give the management of your money to bank and institution all they want is your money... He all you need is there money ... the legit way ;)
inspirational..except for the 'getting lucky' part. but was it 'luck"? He chose shoplift for a reason, not pulled it out of a hat. He sold for a solid reason as well, so I disagree that he was 'lucky'. I think Stephen Harper introduced the TFSA but the Liberals are pushing it too.
Yes, except Trudeau cut it significantly & just starting to go up again. There’s no way the Liberals could cut it out but they’re increasing other taxes across the board. The reason many Canadians like Adrian are leaving Canada.
@@montgomeryfriesen6245 Which year did the Liberals take over government? 2015. It would have remained at $10,000 but the Liberals hated the idea of common people having a tax break. 9years x $3000 = $27K. Not trivial.
My only (perhaps silly) concerns are how reliable are these funds? Reliable as in one day they won't change their policy and say "Starting next month no more covered calls. Thank you very much. It has been a pleasure serving you, our valued customers". And how much call options can these funds sell? What if demand for options dies down? There are so many covered call etfs coming out... are there enough call buyers to buy all these calls from these etfs?
Most option trades on the other side are filled by the market makers, why we worry who will buy/sell. The price is the factor. Market makers will fill the order if they can bring it to delta neutral or better.
I understand how he got his balance up to that level. What I don’t understand is how he generates that much monthly yield. That over 100% yield return a year. Unless I’m missing something.
I am sure some lucky people like this article have the luxury of growing TSFA 10-20X+ fold but for most of us that does not have the luck/luxury. Is TSFA still a good account to put income oriented (cover call with/without leverage)ETF or index based ETF for slightly higher growth?
The less income you have, the more the TFSA must be your primary investment véhicule. It’s because your taxe rate returns on à RRSP contribution will be low, and you may pay higher taxe rate at RRSP withdrawal times + loose some gouvernement benefits
Adrian, if i got my TFSA to 800K and then sold everything so now my TFSA has 800K cash... that is the new high water mark ? so if i then bought back those stocks and they dropped 50% in value I would still have the same high water mark of 800k ?
the tax free status of TFSA is a bit overblown IMO ... a retired couple can earn up to $100k a year in dividends tax free and as for capital gains ; its roughly 15% .. ( only 50% is taxed anyway )
I like what Alex from YT Ticker Symbol You is saying. He knows this type of tech and says there is more upside. What he doesn't know is how fickled the market can be. The AI market stalls out if the breakthrus stop.
Hi Adrian, my fiancé and I recently bought a house, and I use my FHSA, which I don’t want to use it yet but I did for my first home. The RBC direct investments rep. Explained to me that I’m still able to have my FHSA remain open and continue to contribute into it and able to deferred my income till I reach my max of 40k of contributions, is that true?
I have a question, first things first I understand no one is financial advisor, ok so I have an investment account, within it I have the RRSP account, Tax Free Savings Account and non registered account, ok so RRSP building up, no touching, i get it, ok so if I wanted to get the income from my Tax Free Saving Account, is that gonna mess up the contribution if I take that money out to say move to my regular bank account? And also is it worth to have the non registered account? Love these videos by the way, I'm still learning and reading, doing it alone, i have no friends who invest or care to do it, so sometimes it's hard to learn some things, thank you!
I can help here. You can withdraw the money from your TFSA any time you want. It will not mess anything up. The only thing is, how ever much you take out cannot be put back until the following year, so make sure you track withdrawals closely. Unless you really need the money from the TFSA though, I wouldn’t touch it. Let it grow there for use in retirement.
@@PassiveIncomeInvesting nice, well this is good to know, just to figure out what I want to invest in based off watching your journey and from my own research, right now mine is full DRIP on all accounts until ready to change it a bit :) thank you! 😊
@@Strykertd Yes, that’s correct. Any dividends you make in a non registered account are considered income and are taxable, but they will be taxed differently depending on how the dividends are classified (eligible dividends, capital gains, return of capital, etc…). But that’s a whole other story and why there are accountants. :)
you misunderstood it (like many) the limit on on the "contribution" (how much you put in) not the value your TFSA can become. cool right? many Canadians have hundreds of thousands in their TFFA . Investments grow over time
A nice success story no doubt. Also great lessons from Adrian! Thanks for sharing! The real lesson is to use the TFSA the right way and you do not have to gamble with a growth stock with it. With a covered call strategy, you can get there with time. Just keep contributing and keep reinvesting, and you will not lose any sleep worrying about your single stock crashes.
I put 20k on fbtc at the begining of the etf now its worth over 85k ! my plan is and always been to let this grow at the point were it will make sens to sell it for hyld hdiv etc and live of it !
Incredible success story! My TFSA is maxed out but just invested in CC snp500 That’s it. I don’t feel confident in investing in a single stock to possibly get lucky
As someone who makes content on retirement and investing in Canada, I feel like you should have basic knowledge on who created the FHSA, which yes was the liberal government. A simple google search will show this.
To get $11K mn from $833K he would have to be earning a 14.9% return! Its hard to understand what he is invested in now to get those type of returns. I think maybe he made a killing on Shopify which is a lucky break but I don't believe his claim of $11k month current earnings
Yes it does, big difference between having you portfolio in the bank or something like Wealth simple. MER could vary depending on type of stocks and platform . Correct me if I’m wrong.
If capital gains on principal residences were taxed, fewer people could afford to upgrade to more expensive homes because they would fall short after paying the taxes (or they would take out larger mortgages to cover it).
What a pipe dream. You will never reduce Govt debt, no matter how much you tax. Because Govt appetite exceeds revenue and always will no matter how much that revenue is. Add a tax to "reduce" Govt debt and they will spend more because in their mind, they have more money. Instead of focusing on tax increases and creation to solve Govt debt, stop Govt from just spending increasingly what they don't have, just like you must do to HAVE a principal residence, food, clothes, etc. Further taxing principal residences AT ALL means you NEVER own your home. Period, full stop. Because when you can't pay the Nottingham men, they take your home.
I like QQQY it's outperforming QMAX and QQCL. In this case, broad based is for safety but not really for total performance. Evolve management doing a great job.
I'm sure everyone is going to jump all over this saying this guy was "lucky" and maybe he was. But remember what they say - luck is what happens when preparation meets opportunity.
Good one!
yeah, the guy did his research and YOLOed his life savings basically. And then had the smarts to sell it all at the peak. That's the HARD part, getting OFF at the right time.
I find jealousy is what prompts a lot of the, "he was just lucky" comments. You gotta be lucky to be good but you also have to be good to be lucky.
@@WascallyWabbit-xh4kt and just have the balls to go for it
I am yielding $500/month from my TFSA. Right now I am just reinvesting and contributing every month. Hopefully, within the next couple of years it should grow to $1000/month.
bro, that's great and a much more real example for people to follow. Dividend etfs or stocks?
@@pjm3005 All covered ETFs with EQCL, GLCC forming the bulk.
@@pjm3005 All ETFs with EQCL, GLCC forming the bulk.
i'm generating ~$200 a month, hope to follow your blueprint as well
bro i need help... i dont know how to start. i have a TFSA and want to start getting passive income but dont know what to buy
My story is nowhere near this guys. I'm presently getting $2000/month in tax free dividends in my TFSA all from PII covered call ETFs. My top holdings in order of size are ENCL, BANK, BKCL USCL and a few other smaller holdings like HYLD, QQCL, HTAE, YTSL, YNVD. At the start of 2020 my TFSA was around a paltry $40,000 and just before Covid hit the stock market I sold everything in March 2020. About a couple month later I jumped right back in head first after most stocks were hammered but suddenly started coming back up. I had a couple single stocks that went up 100 to 400% during 2020 & 2021. Then in 2022 I switched from single stocks to high dividend ETFs. Now my TFSA averages around $145 to $150k.
ENCL BKCL USCL BANK QQCL are my top holdings in my TFSA. I hope you are doing well 🙂
same..ENCL, BANK,HYLD, HDIV,HDIF in TFSA
He went all in on shopify and got lucky.
Luck combined with a black swan event-the pandemic-which fueled a stratospheric rise in online shopping. And now it’s at half the $160 high.
Is that really the whole story
@@bobsacamano1274 is that it? But how is he getting passive income does $SHOP pay dividends?
I sent this comment in 2 months ago for another video, I'd like to share it with you and others again." Thank you Adriano for your openness, honesty and knowledge. 3 years ago I first found your "Passive Income Investing" site. I'm sure I was one of your now many subscribers who had Mutual Funds LANGUISHING in bank controlled accounts. Now I can say that my ETF's in self-directive accounts are FLOURISHING. We could not have done it without you. Keep up your GREAT WORK Adriano. Grazie-Thank You!"
Thanks for sharing!
@@PassiveIncomeInvesting , Prego!
Wow! I thought I was doing so well with 300k in my Tfsa,but this gentleman is absolutely crushing it! Good for him! And Adriano is correct when he asserts the point that one’s TFSA is NOT the place to invest in very high risk investments. Lost room never comes back.
300k is amazing
"Lost room never comes back."
what do you mean by this?
@@pjm3005 Take your $95K TFSA balance (or w/e the full contribution amount currently is), put it in Gamestop; lose 90% and sell; remaining balance is $10,000. Only remaining contribution is now just the annual $7,000. The $90K lost room doesn't come back, only the new yearly contribution amount. Plus, you can't write off the loss against capital gains/income like a taxable account loss.
@@pjm3005 losses aren't tax deductible
Hi Adrian, I love your channel and find it very hopeful and inspiring. You gave me the courage to make changes to my own TFSA and retirement plans that are already bearing fruit, and which give me more hope for the future. I'm also happy to find agreement (on your channel) with what I'm doing for my own kids, re: TFSA's. By the time they are my age, they will have had them for almost 30 years. You helped put us on the right path. Thank you!!!
The TFSA was introduced in the 2008 budget, and came into being on January 1, 2009 under the Harper Conservative Government. I guess being from Quebec you’re use to the Largesse of the Federal Liberals.
They are a couple other ways to lessen your tax burden in Canada:
1. Flow-through shares.
2. Borrowing money to buy dividend stocks, and writing off the interest on your tax form.
When I first saw the title, I was thinking ...Day Trading? Which is not allowed in a TFSA.
It is amazing his TFSA rose so high, so fast. Looks like he bought Shopify at the right time, and sold it before it dropped. Very impressive!
Very good idea Adrian to make a video about this case ! Good explanation about the importance of TFSA room management and early investment.
Wow.. amazing story. I did something similar with a 10x growth stock in my TFSA, but nothing close to these levels. Wow.
Love your content. The only thing: Not every financial advisors at the bank are trash. Some have skills and experience. Some
agree. In 2015 I had 20k just sitting in my TD high-interest TFSA. A very nice lady from the bank called me out of the blue and suggested that I invest it into something better. Since I was using it as part of a home down payment in 60 days I didn't take her up on the offer but I appreciated the effort.
I think there is enough advice out there we can all access to manage this ourselves, at least in most cases. UA-cam, books, online brokerages...just. be. smart! The importance of being conservative in a TFSA is important. speculation is out! Luck goes both ways.
I learned about covered call ETFs from your videos and from those, my investments have grown considerably. Many, many thanks to you.
welcome!
Great story! Congrats to him. I'd like to see more if Marcus decides to talk to you, Adrian.
Very interesting content. Looking forward to getting TFSA income using covered call ETF. So far so good.
What’s the risk with covered called etfs?
Markus has become an instant celebrity. Hopefully he does that testimonial with you.
Great advices Adrian! Could not agree more :)
So he can withdraw $11000 every month without penalties/fees/taxes?
*exactly 100% tax free, it won't affect your income taxes as well*
yes. and any funds you withdraw increase your contribution room in the next calendar year dollar for dollar. so, if "Marcus" is withdrawing 11k per month (134k per year) from his TFSA that means his contribution room increases by 134k the next year.
@@pjm3005 What? So if I take 10k in dividends from my TFSA, next year I have the normal 6k increase plus another 10k, for a total of 16k???? That can't be right. Never heard of this before.
@@TonyMontanaDS from the cra website: "Withdrawals, excluding qualifying transfers and specified distributions, made from your TFSA in the year will only be added back to your TFSA contribution room at the beginning of the following year."
The is no withdrawal cap. So, if you've managed to get your TFSA up to, say, 1,000,000 you could withdraw 500k this fiscal year, spend it on whatever (and pay no taxes on that 500k) and then next fiscal year you get your 7k contribution that everyone gets plus you can add up to 500k back into your TFSA at no penalty. And that extra 500k carries over year to year until you've added it back. I'm still sitting on an extra 20k of contribution room from 2015 when I withdrew 20k as part of a house down payment.
Read the rules, bruh!
@@TonyMontanaDS the example straight from the CRA website: "Since opening her TFSA in 2009, Jenny has contributed the maximum TFSA dollar limit each year. At the end of 2023, she has no TFSA contribution room left. In 2024, Jenny makes a $7,000 contribution, the TFSA dollar limit for 2024. Later that year, she withdraws $3,000 for a trip. Unfortunately, her plans change and she cannot go. There are choices Jenny could make regarding her TFSA withdrawal as described below.
If Jenny wishes to re-contribute part or all of the $3,000 she withdrew, she will have to wait until the beginning of 2025 to do so. The $3,000 will be added to her TFSA contribution room at the beginning of 2025."
3K is just an example number. It could be any amount.
So 2 path to achieve financial independence
1) start with income ETF then buy and sell a real estate, then use proceeds to buy more income ETF
2) start with growth stocks then swap to income ETF
I'm doing no. 1 it's easier no luck needed
no. 2 how would you pick a stock that'll grow exponentially in 5 years?
Stephen Harper Introduced the TFSA in 2008
I think the Liberals were the first to think of the idea but the Conservatives introduced it as you say. At least that is what I heard from someone.
In 2015, the Liberals decreased the TFSA limit from 10000 to $5500 when they came into power. This change was a setback for middle-class individuals who were trying to invest. Additionally, Trudeau eliminated income splitting, removed fitness and art credits, and added a new 33% tax bracket.
@@raepopowich9201 That's true, but the the $10,000 limit was fixed at that level while the $5500 was indexed which is why it is $7000 today. At the same time the Conservatives delayed OAS pensions to age 67 for anyone born after 1958 while the Liberals rolled it back to 65. Today, OAS payout is $8560/year which is over $17,000 extra money for any retiree born after 1958. I rather take the $17,000. There is also an extra bonus for people over 75 (which I think the Liberals introduced).
With a high inflation rate, I estimate that it will take another 10 years or so for TFSA to reach $10,000 through indexing.
I doubt it was much a setback for middle class people trying to max out their TFSA's beyond $5500. Most don't have the money and many buy GICs in their TFSA's. The average TFSA size is about $45,000. Not mine and yours of course.
With all these changes mentioned, nothing aggravates me more than the capital gains change this month. It's not only a tax on the rich but on the dead too who will have more that $250,000 in gains from investments and real estate. Yeah, I was planning to take it with me!
He also had Kal Ghadban whacked. Kal Ghadban was Ottawa Police Services head of human trafficking and prevented Harper, Denis Lebel and Archbishop Gerald Lacroix from sacrificing a young boy. I guess him introducing the TFSA makes it all good though. Your tax free earnings are clearly worth more than that childs life and Kal Ghadbans life!
@@tokertalk9648 No, just irrelevant
If I had disposable cash, today I would buy Nvidia that is scheduled to split 10 for 1 on 07 June. In 12 months, Nvidia went from $370 to well over $1,000. No reason why the split $100 share cannot do the same!
i love what you said about local banks in lesson 2! This needs to be said more. ty. great video
You need to be careful with building up a TFSA too fast, or making too much in dividends inside it. The tax laws are written in a way to give the CRA a wide margin to interpret as they want. One of the issues that will get you in trouble is if your income inside your TFSA is higher than outside of it. You could end up having to pay tax on that income. If your TFSA is going to balloon up like this you'd really want to duplicate your holdings in a taxable account so your TFSA isn't outpacing your other income.
Not true. Frequent day trading will raise CRA flags, not the amount you have or are generating.
You have most definitely helped me and I’m sure you’ve helped so many others. I’m very grateful that I came across your channel. It’s made a huge difference in my life. Thank you again.
good you mentioned the downside of taking risk with TFSA.
I live in southeastern North Carolina, I know of a guy who in late 2008 early 2009 cashed in $125,000 CD sitting in his local bank earning nearly next to nothing. He put the entire amount in Ford shares at $1.25 to $1.50 a share. If I remember right he ended up with around 90,000 shares which he still holds, said it was a life changing decision like winning the lottery.
Currently getting $1,300/mth in my $97k tfsa and growing it every year to eventually (hoping to) transfer over all my non-registered account investments.
May I ask what stocks/ETFs you have invested 97k in?
@@virajchaudhary7599 I've got HDIV, BKCL, ENCL, USCL as my core TFSA ETF's and a short play on YTSL
Selling high is hard!
My tfsa is 295k. Shopify helped
congratz! its not had when you have a plan set
The only way to have gotten your TFSA over 500k is going all in on growth stock(s) and selling at the right time, so tough to do. Congrats to him for doing well. My tfsa is split between cad dividend stocks (in hindsight a mistake) and some usa tech stocks (AAPL, MSFT, FB). Current value is around 215k, mostly from the USA tech stocks. The lack of growth in my CAD portion killed my tfsa, lesson learned.
Prety cool ! tfsa is the bomb, doind it by yourself very easy and most of the peoples feel unsafe to think about it. like you i manage my tfsa and my wife tfsa and its realy fun. its been 1 year now since a discover your channel it give me the push to do it by myself, I learn alot from you and other channel, Trust yourself and dont give the management of your money to bank and institution all they want is your money... He all you need is there money ... the legit way ;)
inspirational..except for the 'getting lucky' part. but was it 'luck"? He chose shoplift for a reason, not pulled it out of a hat. He sold for a solid reason as well, so I disagree that he was 'lucky'. I think Stephen Harper introduced the TFSA but the Liberals are pushing it too.
Yes, except Trudeau cut it significantly & just starting to go up again. There’s no way the Liberals could cut it out but they’re increasing other taxes across the board. The reason many Canadians like Adrian are leaving Canada.
Imagine it could've been more if the Federal Liberals didn't cut the TFSA space in 2015
well, they increased it a bunch recently, so it all works out. That;s a pretty minor complaint!
The Liberals have done nothing good for Canadians.
@@roberttaylor3594 sorry but that wasn't minor in any way shape or form. From $10,000 in 2015 to $7000 now 9 years later is NOT minor!!
@@henryhonda8408 2015 was a one-off … lol … it was $5500 before and after 2015
@@montgomeryfriesen6245
Which year did the Liberals take over government? 2015. It would have remained at $10,000 but the Liberals hated the idea of common people having a tax break.
9years x $3000 = $27K. Not trivial.
I plan to retire in 9 years and im invested in vfv...Good or bad and what else should i invest in?
Would u recommend growth in rrsp and income in TFSA, or the other way around. I would like to do both
I'm 100% in MSTR, hoping we get that big bitcoin run up and i can transition into high yield.
My only (perhaps silly) concerns are how reliable are these funds? Reliable as in one day they won't change their policy and say "Starting next month no more covered calls. Thank you very much. It has been a pleasure serving you, our valued customers". And how much call options can these funds sell? What if demand for options dies down? There are so many covered call etfs coming out... are there enough call buyers to buy all these calls from these etfs?
very silly lol
Most option trades on the other side are filled by the market makers, why we worry who will buy/sell. The price is the factor. Market makers will fill the order if they can bring it to delta neutral or better.
Any suggestions on finding stats on Canadian TFSA accounts? Average contributions, average returns, etc
would have been nice to know what the amount he had to switch strategies after shopify
19:22 random question, Adrian ... what kind of back up power system do you use there?
A generator
I understand how he got his balance up to that level. What I don’t understand is how he generates that much monthly yield. That over 100% yield return a year. Unless I’m missing something.
You missed something that is in no way a 100% yield a year.
His yield is around 14% per year.
I am sure some lucky people like this article have the luxury of growing TSFA 10-20X+ fold but for most of us that does not have the luck/luxury. Is TSFA still a good account to put income oriented (cover call with/without leverage)ETF or index based ETF for slightly higher growth?
The less income you have, the more the TFSA must be your primary investment véhicule. It’s because your taxe rate returns on à RRSP contribution will be low, and you may pay higher taxe rate at RRSP withdrawal times + loose some gouvernement benefits
Adrian, if i got my TFSA to 800K and then sold everything so now my TFSA has 800K cash... that is the new high water mark ? so if i then bought back those stocks and they dropped 50% in value I would still have the same high water mark of 800k ?
what happens INSIDE the TFSA stays inside the TFSA (like Vegas)
Buy put options which will provide floor in case of market drops substantially n will give assurance on how much you will make.
the tax free status of TFSA is a bit overblown IMO ... a retired couple can earn up to $100k a year in dividends tax free and as for capital gains ; its roughly 15% .. ( only 50% is taxed anyway )
Thnk again...capital gains tax going upto 66% starting in June
@@sidb9540isn’t only on the part in excess of 250K/ yr of capital gain ?
Really 100K for a retiree couple tax free… seams high to me 🤔🤔
@@SummitMan165 correct... cap gains below $250K is still at just 50%
@@sidb9540 no please read the details not the hyperbole headlines
I think there is opportunity with nvidia
I like what Alex from YT Ticker Symbol You is saying. He knows this type of tech and says there is more upside. What he doesn't know is how fickled the market can be. The AI market stalls out if the breakthrus stop.
I really enjoyed this one 😊!!
Hi Adrian, my fiancé and I recently bought a house, and I use my FHSA, which I don’t want to use it yet but I did for my first home. The RBC direct investments rep. Explained to me that I’m still able to have my FHSA remain open and continue to contribute into it and able to deferred my income till I reach my max of 40k of contributions, is that true?
Sounds right to me , but this account has restrictions I believe , you need to use it for a home purchase . Tfsa has none of those restrictions
If you bought any Canadian oil stock in fall of 2020, you made upwards of 3,000%! Always buy what Trudeau hates and you will become rich
Lol im sure disclosing to the newspaper wont flag the cra to audit them
Just a genuine question, how can he still have 200k in contribution room when it’s only $95k~ max contribution?
common misconception.... the limits are not on the value of your TFSA, only on the CONTRIBUTIONS
@@PassiveIncomeInvesting right but how can he still have 200k left of contribution? Sorry I don’t quite understand.
Can you please advise me what can I do for my two sons age 15 and 13 re tfsa please and thank you
what if he bought shopify in 2021 and sold all in 2022?
what is the highest TFSA account balance, anyone knows?
Good luck with that..i would be ditching any stocks or funds.. they have been lying about it all
How 883K TFSA savings can generate 11K 'steady' income/mon?
Don’t make the mistake of generalizing a particular case. This is known as sampling-bias. Getting the Timing right is pure luck. 😊
Marcus how did he know ro dump his whole money in to Shopify and most likley got inside information.
not necessarily/ good timing and luck
I have a question, first things first I understand no one is financial advisor, ok so I have an investment account, within it I have the RRSP account, Tax Free Savings Account and non registered account, ok so RRSP building up, no touching, i get it, ok so if I wanted to get the income from my Tax Free Saving Account, is that gonna mess up the contribution if I take that money out to say move to my regular bank account? And also is it worth to have the non registered account? Love these videos by the way, I'm still learning and reading, doing it alone, i have no friends who invest or care to do it, so sometimes it's hard to learn some things, thank you!
I can help here. You can withdraw the money from your TFSA any time you want. It will not mess anything up. The only thing is, how ever much you take out cannot be put back until the following year, so make sure you track withdrawals closely.
Unless you really need the money from the TFSA though, I wouldn’t touch it. Let it grow there for use in retirement.
@@LadyLuck-iv2zd thank you for that info! So what about that non registered account, i figure that one will have more impact on my taxes right?
no it won't you get the room back the following year
@@PassiveIncomeInvesting nice, well this is good to know, just to figure out what I want to invest in based off watching your journey and from my own research, right now mine is full DRIP on all accounts until ready to change it a bit :) thank you! 😊
@@Strykertd Yes, that’s correct. Any dividends you make in a non registered account are considered income and are taxable, but they will be taxed differently depending on how the dividends are classified (eligible dividends, capital gains, return of capital, etc…). But that’s a whole other story and why there are accountants. :)
doesnt add up. 95k is the maximum contribution room thats possible
you misunderstood it (like many) the limit on on the "contribution" (how much you put in) not the value your TFSA can become. cool right? many Canadians have hundreds of thousands in their TFFA . Investments grow over time
A nice success story no doubt. Also great lessons from Adrian! Thanks for sharing!
The real lesson is to use the TFSA the right way and you do not have to gamble with a growth stock with it.
With a covered call strategy, you can get there with time.
Just keep contributing and keep reinvesting, and you will not lose any sleep worrying about your single stock crashes.
😢😢😢 I wished I was rich.
I have to take all my spare money into rrsp because i need to tax refund to pay the bills.
I put 20k on fbtc at the begining of the etf now its worth over 85k ! my plan is and always been to let this grow at the point were it will make sens to sell it for hyld hdiv etc and live of it !
great video!
You can actually set up you TFSA to trade call/put options. Very fast 10x+ potential but also very high risk.
I'm sure he was an Officer!
PM HARPER STARTED THE TFSA
yes , bless him.
Successful story. Love these
How does one join the private discord group?
ua-cam.com/video/Sf4FifINCMI/v-deo.html
Is $200k in tfsa a good achievement? Asking for a friend.
very good
Inspiring story.
Incredible success story! My TFSA is maxed out but just invested in CC snp500
That’s it. I don’t feel confident in investing in a single stock to possibly get lucky
i took a flyer on 1. seems like a solid company with a great product. fingers crossed.
I hope he will contact you !
As someone who makes content on retirement and investing in Canada, I feel like you should have basic knowledge on who created the FHSA, which yes was the liberal government. A simple google search will show this.
that's what i said no?
good for him, very ballsy
I am happy just to get $1000 tax free every month 😅
same
"The Power Went Out." 😮 👀
i’m sure is your channel cause if i understand i’m sure anyone can thanks Adriano
Typical "market timing" story. Statical outlier.
No, typical market timing is bad timing.
To get $11K mn from $833K he would have to be earning a 14.9% return! Its hard to understand what he is invested in now to get those type of returns. I think maybe he made a killing on Shopify which is a lucky break but I don't believe his claim of $11k month current earnings
my yield is over that HYLD and YTSL
yield! not return . and yes you can make that yield easily , especially when you buy ETFs lower than they are now. which im sure he did
15% annual return? Doesn't sound likely. Will it still be $11K/mth when the market corrects?
15% Yield, NOT RETURN . YIELD is not RETURN
@@PassiveIncomeInvesting go ahead... please enlighten me
@@donnicholson3170 if you don't know the difference maybe you should be using a savings account
What platform did he use to manage the portfolio ?
i don't know , but does it matter?
Yes it does, big difference between having you portfolio in the bank or something like Wealth simple.
MER could vary depending on type of stocks and platform .
Correct me if I’m wrong.
Buy bitcoin in TFSA for capital appreciation
He should be making at minimum $10,000 a month with that much, covered calls alone would easily make him 20% a year.
talking about tax .. its about time we taxed principal residences to clear the massive Govt debt .
If capital gains on principal residences were taxed, fewer people could afford to upgrade to more expensive homes because they would fall short after paying the taxes (or they would take out larger mortgages to cover it).
What a pipe dream. You will never reduce Govt debt, no matter how much you tax. Because Govt appetite exceeds revenue and always will no matter how much that revenue is. Add a tax to "reduce" Govt debt and they will spend more because in their mind, they have more money. Instead of focusing on tax increases and creation to solve Govt debt, stop Govt from just spending increasingly what they don't have, just like you must do to HAVE a principal residence, food, clothes, etc. Further taxing principal residences AT ALL means you NEVER own your home. Period, full stop. Because when you can't pay the Nottingham men, they take your home.
You forget QQQY by Evolve
But Evolve’s QQQY only invest in the 40 tech stocks of the NASDAQ 100, so it’s more concentrated in tech only, less broad base
thats not broad based :)
I like QQQY it's outperforming QMAX and QQCL. In this case, broad based is for safety but not really for total performance. Evolve management doing a great job.