Well done! I particularly like this one . Having a home is so out of reach for your generation. But you found a way to having one (not owning). I like it. Thank you for sharing 😊
Even if it’s somewhat within reach, why have that ball and chain responsibility. The math just does not compute for me, I’d rather do awesome stuff with my family instead of putting those dollars towards an unforgiving mortgage. Thanks for letting me know you like it when I share this stuff.
Much appreciated, love doing it. It’s a passion to share the journey and this mission to get Canadians out of the despair project which is our insane cost of living that is crushing hopes and dreams. There’s another way, I want to prove can work. Let’s do this.
Another banger video Jordan. Thank you for sharing your goals for your CC ETFs. Two years ago I didn't know what CC ETFs were. This past Friday was my last day at work. I was able to retire because of CC ETF income combined with pension. It seems like a dream that I don't want to wake up from.
Each Sunday I look forward to your YT episode. I like your enthusiasm tempered with a practical and realistic approach to your investment expectations. Please do a performance review of your parent's ETF investment fund?
Hey Rick, thanks so much for appreciating these videos and coming back time and time again to share your thoughts on the channel. Sharing what my parents are invested in might be interesting to share, got to ask them first ;)
Don't you worry about the price of HHIS continuing to go down because of the high yeild? I thought that you only wanted about 10% to 12% yeild to be on the safe side. I am very interested in HHIS but I do worry about nav erosion. If it were to stay stable then i would add a bunch of it to my portfolio.
Sticking to diversified funds for the long haul in the 10-12% range are my jam. The HHIS play would be fairly short term if it replaced my HYLD.U is it doesn’t replace it, maybe 10% or so inside a non reg account possibly and maybe no more than that. At least that’s my thinking at the moment.
You have just spiralled my mind with the idea of unrealized capital gains being un utilized... I am also up on things like HYLD and USCL. Have to consider how long it would have taken the sold shares to pay out a dividend equivalent to the gain made by selling. Potentially a long time!!
If there’s a truly better fund out there and it’ll get you to where you want to be either faster or more clearly then yeah realizing those racked up price gains should be a consideration. Most of my funds at this point I want to hold for life.
Always enjoy your portfolio and life updates! thanks for sharing! It is crazy how unaffordable GTV has been.... Is there a reason why you guys prefer White Rock? How about other area of Surrey? Guildford and Fraser Heights seems like a pretty nice area as well.
For sure, always happy to share what’s going on as many of us are going through similar cost of living struggles and also navigating the wide world of investing. My wife jokingly calls south surrey the promised land haha. We just really enjoy this area, a lot quieter although no place in the GVA is staying that way and it’s close to the border where we actually do a lot of shopping despite the dollar some things are just a lot cheaper and more options. Family proximity as well. There are many nice areas around, not denying that but this area is straight up home, planting the flag and not looking outside of it.
Ask yourself, what do you need and what you want?? Wanting extras will cost you a lot more $$$$ to live and way less to invest…and will slow down your “FIRE”….just saying Al from Ontario
Nothing will change. I plan to use my tfsa to reinvest as it always has been, same with my rrsp and spousal rrsp. Taking my equity out of my home to drop into cc ETFs is purely to offset cost of living expenses ie rent. My out of pockets costs won’t change even with that $4000 rent. Not saying I want to spend that much but if it is has a tangible extra ordinary benefit then it’s a strong consideration.
CC ETFs makes sense in TFSA for a person as young as you who has not retired yet. To make use of income to everyday needs. For other registered accounts, Why don't you invest in regular ETFs instead of CC ones. CC ones will always underperform their underlying ETFs in long term. If you are not retired or planning to do so soon, why would you invest in HYLD.U in RRSP? Why not direct in S&P500 or NASDAQ?
It’s not always about the best return over the course of a life time. I’d rather invest in things that interest me and give me a sense of peace of mind to sleep better at night. That indeed are cc ETFs. Theee products are incredibly motivating for someone my age as i can see month over month it replacing my work income. Also HYLD.U was meant to be a place holder fund while I tried to look for something else and I never found it and as it turns out keeping it was a boom for that account and its done quite well for me. I plan to sell it all off and liquidate the account as its a spousal rrsp which has some great tax benefits if you play it right in the short term.
Glad that you changed the blinds behind you. I’ve been waiting. Looks better
Haha I know, you’re not the only one.
XRMI ETF buys protective puts to mitigate the risks of a major market selloff.
Well done! I particularly like this one . Having a home is so out of reach for your generation. But you found a way to having one (not owning). I like it. Thank you for sharing 😊
Even if it’s somewhat within reach, why have that ball and chain responsibility. The math just does not compute for me, I’d rather do awesome stuff with my family instead of putting those dollars towards an unforgiving mortgage.
Thanks for letting me know you like it when I share this stuff.
Happy Sunday Jordan. Thanks for putting in the effort to make another good video.
Much appreciated, love doing it. It’s a passion to share the journey and this mission to get Canadians out of the despair project which is our insane cost of living that is crushing hopes and dreams. There’s another way, I want to prove can work. Let’s do this.
Another banger video Jordan.
Thank you for sharing your goals for your CC ETFs.
Two years ago I didn't know what CC ETFs were. This past Friday was my last day at work. I was able to retire because of CC ETF income combined with pension. It seems like a dream that I don't want to wake up from.
Each Sunday I look forward to your YT episode. I like your enthusiasm tempered with a practical and realistic approach to your investment expectations.
Please do a performance review of your parent's ETF investment fund?
Hey Rick, thanks so much for appreciating these videos and coming back time and time again to share your thoughts on the channel. Sharing what my parents are invested in might be interesting to share, got to ask them first ;)
Don't you worry about the price of HHIS continuing to go down because of the high yeild? I thought that you only wanted about 10% to 12% yeild to be on the safe side.
I am very interested in HHIS but I do worry about nav erosion. If it were to stay stable then i would add a bunch of it to my portfolio.
Sticking to diversified funds for the long haul in the 10-12% range are my jam. The HHIS play would be fairly short term if it replaced my HYLD.U is it doesn’t replace it, maybe 10% or so inside a non reg account possibly and maybe no more than that. At least that’s my thinking at the moment.
You have just spiralled my mind with the idea of unrealized capital gains being un utilized...
I am also up on things like HYLD and USCL. Have to consider how long it would have taken the sold shares to pay out a dividend equivalent to the gain made by selling.
Potentially a long time!!
If there’s a truly better fund out there and it’ll get you to where you want to be either faster or more clearly then yeah realizing those racked up price gains should be a consideration. Most of my funds at this point I want to hold for life.
Always enjoy your portfolio and life updates! thanks for sharing! It is crazy how unaffordable GTV has been.... Is there a reason why you guys prefer White Rock? How about other area of Surrey? Guildford and Fraser Heights seems like a pretty nice area as well.
For sure, always happy to share what’s going on as many of us are going through similar cost of living struggles and also navigating the wide world of investing. My wife jokingly calls south surrey the promised land haha. We just really enjoy this area, a lot quieter although no place in the GVA is staying that way and it’s close to the border where we actually do a lot of shopping despite the dollar some things are just a lot cheaper and more options. Family proximity as well. There are many nice areas around, not denying that but this area is straight up home, planting the flag and not looking outside of it.
@ I see that make sense. It's hard to see me moving away from where I am due to friends and family as well.
Ask yourself, what do you need and what you want?? Wanting extras will cost you a lot more $$$$ to live and way less to invest…and will slow down your “FIRE”….just saying
Al from Ontario
Nothing will change. I plan to use my tfsa to reinvest as it always has been, same with my rrsp and spousal rrsp. Taking my equity out of my home to drop into cc ETFs is purely to offset cost of living expenses ie rent. My out of pockets costs won’t change even with that $4000 rent. Not saying I want to spend that much but if it is has a tangible extra ordinary benefit then it’s a strong consideration.
CC ETFs makes sense in TFSA for a person as young as you who has not retired yet. To make use of income to everyday needs. For other registered accounts, Why don't you invest in regular ETFs instead of CC ones. CC ones will always underperform their underlying ETFs in long term. If you are not retired or planning to do so soon, why would you invest in HYLD.U in RRSP? Why not direct in S&P500 or NASDAQ?
It’s not always about the best return over the course of a life time. I’d rather invest in things that interest me and give me a sense of peace of mind to sleep better at night. That indeed are cc ETFs. Theee products are incredibly motivating for someone my age as i can see month over month it replacing my work income. Also HYLD.U was meant to be a place holder fund while I tried to look for something else and I never found it and as it turns out keeping it was a boom for that account and its done quite well for me. I plan to sell it all off and liquidate the account as its a spousal rrsp which has some great tax benefits if you play it right in the short term.