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Best DIVIDEND Stocks to DRIP // Easy Dividend Reinvestment in CANADA for Compound Growth

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Canadian in a T-Shirt

Canadian in a T-Shirt

Күн бұрын

Пікірлер: 480
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Make sure you watch my DRIP EXPLAINED video to illustrate the true POWER of DRIPs in the long term and to see exactly how to set one up with Questrade 👇 kzfaq.info/get/bejne/pdupi9qSubXKmIk.html
@CanadianTShirt
@CanadianTShirt Жыл бұрын
And to learn more how Dividends work and to see my FAVOURITE Dividend Stocks and ETFs, check out my DIVIDEND INVESTING GUIDE 📈 kzfaq.info/sun/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m
@shellz831
@shellz831 Жыл бұрын
@@CanadianTShirt wealthsimple now allows DRIP. Auto purchase for any stock.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@shellz831 Sorry to pick on you but that's incorrect. WealthSimple does not allow DRIPs. You can setup a recurring purchase to buy a stock every week or every month but that isn't a DRIP. If it is a monthly dividend, you could probably setup a monthly purchase of a stock and hopefully the dividend will be enough to cover the cost but again, it will be totally unrelated to your dividend. It will just assume you have cash available so it's not a DRIP
@shellz831
@shellz831 Жыл бұрын
@@CanadianTShirt OK,I get you. Because I use my dividend amount (which is enough to purchase 2 stocks)... I setup that amount on auto purchase of the same stocks. This is different from my larger 'dollar-cost-averaging' monthly purchases. Since, there is no commission fees, I don't mind
@joeyh5325
@joeyh5325 Жыл бұрын
@@CanadianTShirt Great Vedio. I have my invest account in TD bank, could I do DRIPs there? or I have to open an account with Questrade? Thanks
@JC-zs7sv
@JC-zs7sv Жыл бұрын
This is the best channel for beginner investors in Canada. So many things I learned from your channel, keep it up Adrian.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you so much for those kind words! I really appreciate that! =)
@PrismEnvy
@PrismEnvy Жыл бұрын
Your a hell of a teacher my friend. When I make it big I will give you a generous gift for sure. Fellow Canadian
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thanks buddy I really appreciate that! And in the meantime, just share my videos with a friend or family member and we'll call it even 😉
@MutedxP
@MutedxP Жыл бұрын
Thanks Adrian! Enrolling in DRIP and cutting my Disney+ has set me on the right path for a comfortable retirement!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Hahaha if government officials are cutting Disney+ to make ends meet, then I guess we should too! 😆
@CanadianTShirt
@CanadianTShirt Жыл бұрын
But I'm a massive Star Wars fan, so there's no way I'm cutting Disney+ until the Mandalorian comes out. This is the way 😎
@espirikii
@espirikii Жыл бұрын
You can cut Disney Plus and watch Mandalorian in other ways 🏴‍☠️🏴‍☠️ haahahah
@stormtrop4
@stormtrop4 Жыл бұрын
Great timing, I'm getting close to my TFSA contribution limit so I can't get any more DRIPs on the bigger stocks. These stocks are definitely helpful for me. Thanks!!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Absolutely! Whenever I have limited TFSA room, my priority is maintaining my existing DRIPs since I won't be able to top them up until next year once I'm maxed out. But if you have a few thousand dollars worth of room, all of these stocks are great options to get some automatic and tax-free compounding =)
@BasicBodThor
@BasicBodThor Жыл бұрын
I love investing in stocks like this. Steady passive income, while you don't stress about the overall share price. If it goes up, great, but I almost look at it as a bonus haha
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You got that right! In fact, I usually LOVE it when we see the price go down! That just means that I can buy more at a DISCOUNT, especially if I have a DRIP coming up! 😁
@johnathanpotts4357
@johnathanpotts4357 6 ай бұрын
Glad to have dudes like you around for the public, with your information. I've gained my portfolio. Thank you, keep the videos coming.
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
It's my pleasure my man! I'll always walk the line 😎
@aarontitusz8655
@aarontitusz8655 9 ай бұрын
Not the teacher we deserve but the teacher we need. Professor Adrian let’s gooo
@CanadianTShirt
@CanadianTShirt 9 ай бұрын
hahaha any day I get compared to batman, is a good day 😎
@MrEastsidejamie
@MrEastsidejamie Ай бұрын
You have the best channel on youtube. No nonsense. Superhelpfull. Helps that I'm canadian too.
@CanadianTShirt
@CanadianTShirt 29 күн бұрын
Wow! Thank you so much for those kind words, I really do appreciate it! 🙏
@CanadianTShirt
@CanadianTShirt 29 күн бұрын
And yes I do my best to cut out all the fluff. I hate the idea of wasting anyone's time =)
@adisonmcgregor9918
@adisonmcgregor9918 4 күн бұрын
Maybe this is changed in the year since this video was posted but wealth simple does have the drip feature. You can turn it on under automation in your settings. It also allows for fractional shares to be purchased so you don’t need a ton of money invested in order to drip.
@CanadianTShirt
@CanadianTShirt 4 күн бұрын
It's true! About a year ago, WS finally introduced their DRIP feature and they offer fractional shares =)
@ColtyT33
@ColtyT33 Жыл бұрын
You make my girlfriend drip when we watch your informative videos!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
No comment 😅
@CanadianTShirt
@CanadianTShirt Жыл бұрын
haha that one made me laugh! 😆 But I am glad that you and your girlfriend have a shared interest in investing! 😁
@ppcbernier9945
@ppcbernier9945 Жыл бұрын
@@CanadianTShirt yeah they seem to like investing...investing in that ass 😆
@jeanrichardsonbernard4596
@jeanrichardsonbernard4596 Жыл бұрын
@@CanadianTShirt😂😂😂
@caper087
@caper087 10 ай бұрын
😂 jeeze
@WillNeverforgetmypasswordagain
@WillNeverforgetmypasswordagain Жыл бұрын
Thank you for your time. Your videos are very helpful to those of us who are still learning about investing.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Will! I'm glad to hear you are finding my videos helpful! 🙂
@WillNeverforgetmypasswordagain
@WillNeverforgetmypasswordagain Жыл бұрын
@@CanadianTShirt I am. I'm just learning myself, but am also trying to teach my 19 year old daughter so she gets the head start that I didn't. Your videos are very helpful. I thank you again.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@WillNeverforgetmypasswordagain I LOVE to hear that! I WISH my parents taught me these things at 19! She's going to be at such a financial head start with parents like you! =)
@SKcanuckfan
@SKcanuckfan Жыл бұрын
@@WillNeverforgetmypasswordagain I'm teaching my young adult children the same things. Unfortunately the school curriculum in Saskatchewan doesn't teach financial planning. In my opinion, it should be a core subject taught to all students.
@WillNeverforgetmypasswordagain
@WillNeverforgetmypasswordagain Жыл бұрын
@@SKcanuckfan It should, but it won't. The job of the school system today is to produce good little employees who will go to work and pay their taxes dutifully for 45 years.
@johnc8591
@johnc8591 Жыл бұрын
Thanks for the hard work and great advice, Adrian. I opened up a Questrade account in mid-2020 using your promo code, and it's excellent. It's so handy to be able to buy even a single ETF at no charge on Questrade, so I'm able to build up savings in a certain sector and once the ETF hits several thousand dollars I'll buy one or two of the underlying stocks (e.g. swap out a banking ETF for shares in TD, RBC etc). It's a nice conservative approach to grow funds from nothing using small but frequent regular purchases of the distribution-paying ETFs to building up capital as an intermediate step before moving into stocks directly.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm so happy to hear that I was able to help John! And I'm so glad you started in mid-2020, that was the BEST time to start investing and take advantage of those discounts across the board! =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
And that sound like a great strategy! Regarding bank ETFs, I actually avoid those since those ETFs literally only contain 6 stocks... I prefer ETFs that have at least 30 holdings but ideally over 100. For only 6 stocks, I might as well buy those stocks directly and avoid that annual management fee. But I get in your case, you are doing that to avoid the commission fees. Just something to consider, I agree in occasionally swapping those ETFs for a direct share =)
@johnc8591
@johnc8591 Жыл бұрын
@@CanadianTShirt Yeah, every time I buy an ETF, I think, "Adrian in a T-shirt wouldn't like this!" 😂
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@johnc8591 oh don't get me wrong, I LOVE ETFs! I just want my ETFs to contain more than 20 stocks 🙂
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@johnc8591 but that is a good motto to have in your mind whenever you make a financial decision: "Adrian in a T-shirt wouldn't like this...." 🤣
@devujdk
@devujdk Жыл бұрын
Signed up for questrade using your affiliated link. Thanks again for this video, just made me realize some stocks are even less than a burger, makes me think twice everytime I take out my card. Thank you 🙏
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's one way to look at it! I always tell people, I don't shop at Apple or Starbucks but I do buy their stock! 😎
@mathewn3006
@mathewn3006 Жыл бұрын
Hello good sir, great video, I appreciate the content. This is the third dividend video I've watched this evening and this is by far my favorite. I will be checking for more of your videos!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm happy to hear that! I have a WHOLE playlist all about dividend so check out my DIVIDEND INVESTING GUIDE! =) kzfaq.info/sun/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m
@TheSimpsoys
@TheSimpsoys Жыл бұрын
I love Plaza. I've been with them right before the pandemic and was able to buy lots of shares for cheap
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Great timing! Ya I took advantage of those huge discounts as well! 🔥
@evadeanu1
@evadeanu1 Жыл бұрын
Brilliant! I should have learned all this 20 years ago but better late than never. Can’t thank you enough for your educational videos. Keep doing what you’re doing as you are great explaining and your passion for investing is purely addictive.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I couldn't agree more Enid but still better late than never! I'm glad you found my channel and I'm so happy that my videos have been able to make a difference! Keep it up! =)
@roberttaylor3594
@roberttaylor3594 Жыл бұрын
I’ll have to check out Plaza. I have the others and use the dividends to buy stocks, almost always from businesses I am already invested in. so my TFSA is sort of one big DRIP with me deciding on the stock.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's perfect! As long as you are reinvesting your dividends, you're tapping into that exponential growth! I just like using DRIPs to do it entirely on autopilot! =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Plus if you use a DRIP, you avoid paying any commission fees when you buy that extra share. That can save you up to $10 depending on your broker =)
@graceucat7418
@graceucat7418 Жыл бұрын
I am waiting for this topic. Thanks so much Adrian.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Grace! I've been wanting to make this video for a while! 🙂
@Ian-of9oi
@Ian-of9oi Жыл бұрын
Drips are cool but I’m not so busy that I can’t reinvest my dividends on my own. I only ever own around 10 stocks. That’s 40 dividends a year. I think I can find the time.
@loosepal
@loosepal Жыл бұрын
Could you do a video on Eligible and Non Eligible Dividends , and How they are taxed. Somehow finding this info is a nightmare.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You bet! That video is definitely coming! =)
@nsrobinhood5300
@nsrobinhood5300 Жыл бұрын
Great channel been watching for years and now I’m almost a cpa
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's amazing! Thank you for sticking with me throughout your journey! =)
@CanuckDividends
@CanuckDividends Жыл бұрын
Thanks for the video. I was unaware of the commitment from Telus to increase dividend twice per year. All the more reason to buy Telus. And thanks for the Excel sheet to keep track of DRIPs. I will check it out now
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm always happy to help! Yes with Telus, it's certainly an aggressive dividend growth campaign but they have the revenue to support it! I'm excited to see those extra DRIPs each quarter! =)
@abhishekjawahirani8366
@abhishekjawahirani8366 Жыл бұрын
Awesome video yet again. Can't miss that shiny plaque
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thanks buddy! It's been a nice and shiny addition to my set! 😁
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I also can't miss that badass members badge next to your name 😎
@yeshuaiskingofkings72
@yeshuaiskingofkings72 Жыл бұрын
So GLAD i found you Adrian!!! 💖 Love from Ottawa :)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you so much! I'm glad you found me! 🙏 And I used to live in Ottawa back in the day! Sandy Hill 🙂
@mbabcock111
@mbabcock111 Жыл бұрын
First of all, great brief Adrian. Convince me I need to DRIP based on below rationale. With the advent of fractional share purchases on Wealthsimple, there really isn't a compelling reason to use a DRIP. I simply reinvest my dividends which now allows me to incrementally benefit from a fluctuating share price. Automated fractional purchasing will likely be an upcoming option for Plus members as Wealthsimple builds out their back end. Note: most of the companies you mentioned are fractional-able on Wealthsimple (exceptions PLZ.UN, HR.UN, CRT.UN, FCR.UN, PMZ.UN, CSH.UN, ZAG, and XRE which is a wrapper for most of the aforementioned REITs). But, I can use an ETF that is fractional-able (eg. ZRE) to buy those REITs that are not fractional-abled as well as a fractional-abled ETF to buy all bond offerings. Recommended next video for you: Explain why you can fractional buy/trade some REITs versus AP.UN, SRU.UN and ZRE which you can. Benefits of $10/mth Plus Wealthsimple Account: - USD accounts; - $0 in FX fees on each US stock or ETF trade from a USD account; - Free USD deposits and withdrawals (for direct USD transfers to/from personal DIY trading accounts only); and - Instant funds deposit up to $5K CAD ($4K USD).
@nevillejames2200
@nevillejames2200 Жыл бұрын
Thanks Adrian. Great content and info. I like the variety. Great job
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Neville! I appreciate you watching almost all of my videos! 🙏
@fomena72
@fomena72 Жыл бұрын
Thank you very much for all your advices 👍🏼
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It's my pleasure! I'm glad you are enjoying them! 😁
@RedDestroyer4
@RedDestroyer4 Жыл бұрын
Hey Adrian thanks for another great video keep them coming!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You got it buddy! That's the plan! 😎
@judysargeant6388
@judysargeant6388 7 ай бұрын
I met you at the Craft and i just love your content wishing you all the best for 2024 and good investing and thank you for all these videos which has given me the confidence to buy shares thank you so much wishing you all the best Judaline
@CanadianTShirt
@CanadianTShirt 7 ай бұрын
Hi Judy! Sorry I'm not sure what is Craft? Is that a restaurant? To be honest, I don't eat out too much 😆
@CanadianTShirt
@CanadianTShirt 7 ай бұрын
But thank you for those kind words and I wish you a happy new year as well! Keep investing! 😁
@willkeen5010
@willkeen5010 Жыл бұрын
Another informative video Adrian. Love my Canadian drips for their tax efficiency in my non registered account. Look forward to the next one.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Absolutely Will! I definitely recommend maximizing your tax sheltered accounts first! But yes for eligible Canadian dividends like Manulife or Telus, I also hold them in my Margin and they are much more tax efficient than regular income! I'll cover the dividend tax credit in an upcoming video =)
@willkeen5010
@willkeen5010 Жыл бұрын
Absolute, since tfsa has been maxed for me and my wife, Canadian dividend payers in my non registered just makes sense. Hopefully next year, the contribution room will increase again with the inflation being what it is.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
​@@willkeen5010 mostly likely yes! There's a very good chance that the TFSA limit will increase to $7K next year, let's see! =)
@marlonrosema3895
@marlonrosema3895 Жыл бұрын
Hello again adrian im here watching your videos!!!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Marlon! I'm glad you found me! =)
@FortunePathVenerable
@FortunePathVenerable Жыл бұрын
Would you get disqualified from the drip when the stock price increase? Or if the dividend amount drop
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Yes, the DRIP will only go through if the dividend you receive is greater than or equal to the share price on that day! So if you qualify for a DRIP today but a month later, the share price jumps up, if the dividend can't cover the price of a share, then the DRIP won't go through and you'll just earn cash as usual. That's why I always suggest investing more than the minimum, to give yourself a buffer so that the DRIP goes through even if the share price grows =)
@FortunePathVenerable
@FortunePathVenerable Жыл бұрын
@@CanadianTShirt thank you for the answer
@Padfoot333
@Padfoot333 Жыл бұрын
Caught Manulife on the dip when u recommended it last time 😎
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's what I LOVE to hear! Don't try to time the market but if you happen to buy it at a low point, great! 😎
@melissadorsey834
@melissadorsey834 2 ай бұрын
Love this. Do you have a video on how to use your excel spreadsheet?
@CanadianTShirt
@CanadianTShirt 2 ай бұрын
You got it! I cover my Excel template in detail in this video here, DRIPs Explained =) kzfaq.info/get/bejne/pdupi9qSubXKmIk.html
@melissadorsey834
@melissadorsey834 2 ай бұрын
@@CanadianTShirt thank you so much. I'm having a lot of fun learning how to manage my portfolio through your videos
@CanadianTShirt
@CanadianTShirt 2 ай бұрын
@@melissadorsey834 That's what I LOVE to hear! =)
@enian82
@enian82 Жыл бұрын
@canadian in a T-Shirt Does CDR quality for DRIP program? Thank you
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That will depend on your broker!
@erhunabbasli
@erhunabbasli Жыл бұрын
Adrian I would love to know your opinion on Hamilton high dividend ETFs. Especially ok HYLD and HDIV.
@brettmaddox7326
@brettmaddox7326 Жыл бұрын
I’ve never clicked on a video so fast
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's what I LOVE to see! I hope you find it helpful! 🙏
@tamitam1670
@tamitam1670 Жыл бұрын
Thanks for your time and hard work
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Wow! That was fast! Thanks for watching! 😁
@tenzinn
@tenzinn Жыл бұрын
Thanks for the great updates Adrian !
@CanadianTShirt
@CanadianTShirt Жыл бұрын
My pleasure Tenzin! I'm glad you found it helpful! =)
@lintonmeyer
@lintonmeyer Жыл бұрын
Thanks for the content. Big thumbs up!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Linton! I'm glad you found it helpful! =)
@s246088
@s246088 Жыл бұрын
Love the video man. How can I get a copy of the template from 4:30?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm glad you found it helpful Shawn! I include a FREE Excel Template of my Dividend Tracker in the description box below the video! Just click the link and download the Excel file for your own use =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
If you're unclear on the columns, make sure you watch my DRIPs EXPLAINED video where I give a full walkthrough on this Excel Template =) kzfaq.info/get/bejne/pdupi9qSubXKmIk.html
@janetjanet1674
@janetjanet1674 Жыл бұрын
thank you so much! another great video
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm happy to hear that and glad you found it helpful! Hopefully you get to enjoy some of these DRIPs! =)
@canpin
@canpin Жыл бұрын
As always great video.. you rock!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Right back at you buddy! 😎
@wurdofwizdumb1928
@wurdofwizdumb1928 Жыл бұрын
You are legit AF BRO. mad love for you.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
hahaha thanks buddy! I appreciate that! 🙏
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Not sure I've ever been called legit AF but I'll take it! 😁
@tidy
@tidy 4 ай бұрын
Great video!
@CanadianTShirt
@CanadianTShirt 4 ай бұрын
Thank you! I'm glad you found it useful! =)
@kanek2438
@kanek2438 Жыл бұрын
Thanks, man! Keep it up!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You got it bud! I'm happy to help! 😁
@FrancisDGM
@FrancisDGM Жыл бұрын
can you make a video on HMAX,UMAX,HCAL,HYLD,HDIV ...all those ''hamilton'' stocks looks weird to me
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It's not something I'm into.... the management fees are crazy high, worse than some mutual funds even. And yes the massive dividend yields are tempting but you are losing any hope of capital gains and most likely you will see a LOSS in value over time... I would rather invest in quality companies that have a bright future, that way I can benefit from BOTH dividends and long term capital appreciation! 😁
@robinreji12
@robinreji12 Жыл бұрын
Just wanted to give you a hi5 for all your efforts Adrian. 100k and yet responding to every comment on every video! A big thank you! ❤️
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Robin! That's what I try to do! I still try my best to respond to everyone but obviously, that becomes more difficult as my channel grows! But since day one, my favourite part of being a KZfaqr is engaging with you guys and answering your questions and I never want to lose that! 😁
@sarahsworld2024
@sarahsworld2024 Жыл бұрын
I’m just today opening my Questrade acc, thx again 😊
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Way to go Sarah! Make sure you watch my step by step walkthrough on How to OPEN a QUESTRADE Account! kzfaq.info/get/bejne/q9V_dbWGvp6tiIU.html And make sure you use my referral link to get that $50 bonus! =)
@obieeetleb7764
@obieeetleb7764 5 ай бұрын
Not mentioned in the video but with Questrade you wont receive the DRIP discount you could with traditional banking for ex. you would lose on the 2% Telus DRIP discount
@CanadianTShirt
@CanadianTShirt 5 ай бұрын
That is true! With Questrade it is a synthetic DRIP so you won't get a DRIP discount, although these discounts are quite rare nowadays
@CanadianTShirt
@CanadianTShirt 5 ай бұрын
But more importantly, with Questrade you can earn a DRIP on ANY stock or ETF, even the stocks that suspended their DRIPs!
@CanadianTShirt
@CanadianTShirt 5 ай бұрын
For example Enbridge and RioCan suspended their DRIP program a few years ago but with Questrade, I'm still able to DRIP them every month and every quarter =)
@Mr-hz1ko
@Mr-hz1ko Жыл бұрын
Thank you for your information
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It's my pleasure! I'm happy to help! =)
@DanielHernandezCa
@DanielHernandezCa Жыл бұрын
Thank you for the video! Peruvian living in Mont-Tremblant
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Daniel! I hope you find it helpful and unlock the power of DRIPs! 😁
@tonym46
@tonym46 Жыл бұрын
Hey there...I was wondering if you share your template as well with your members?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I share it for FREE with EVERYONE! I always include a link in the description box below =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'll include the link here as well. Download the Excel file and use it yourself! =) bit.ly/2O4f3sr
@ZuhaibShahzadaMusic
@ZuhaibShahzadaMusic 10 күн бұрын
Hey man Wealth Simple has DRIP now!
@CanadianTShirt
@CanadianTShirt 10 күн бұрын
You're right! They introduced their DRIP feature about a year ago. I'm glad they finally added this! =)
@codyryanlifts
@codyryanlifts Жыл бұрын
heads up, I went and bought a bunch of PLZ and its not eligible for DRIP within Qtrade...
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I don't use Qtrade but thanks for the heads up. I use Questrade and I'm able to setup a DRIP with ALL of my stocks and ETFs. Check out my DRIP Explained video to see exactly how to do that with Questrade =) kzfaq.info/get/bejne/pdupi9qSubXKmIk.html
@jasonstupak4535
@jasonstupak4535 Жыл бұрын
Great Scott! Watched and liked, thanks Adrian!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thanks Jason as always! I'm glad you found it useful! =)
@luke67mark
@luke67mark 9 ай бұрын
I like cash dividen
@CanadianTShirt
@CanadianTShirt 9 ай бұрын
Fair enough! It's your money so you choose what to do with it! =)
@MrRezz20002000
@MrRezz20002000 Жыл бұрын
Great Content 🙏 Please make a Video which dividend stocks suitable for RRSP 2023, Many Thanks.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I already have a whole playlist of videos on my favourite Dividend Stocks and ETFs that I hold in my TFSA and RRSP! =) kzfaq.info/sun/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Note that ANYTHING you hold in your TFSA (like the 3 stocks in this video) can also be held in your RRSP. However I do prioritize US dividends in my RRSP since that's the only play to make US dividends tax free! Since US dividends are taxed a 15% withholding tax in a TFSA =)
@MrRezz20002000
@MrRezz20002000 Жыл бұрын
@@CanadianTShirt Thank you very much for sharing your insights. 🙏
@shuja-ur-rehmankhandurrani3974
@shuja-ur-rehmankhandurrani3974 Жыл бұрын
Hi How to make an Excell sheet with auto reboot? Can you make a video for that pleased .
@CanadianTShirt
@CanadianTShirt Жыл бұрын
There are tools and plugins you can use to extra current market data into Excel, but many of them you will have to pay for. Personally I don't do that.... I only track the Book value in Excel since that does NOT fluctuate, it only changes when I buy a stock or receive a DRIP so easy to maintain. If I want to see current, live market values, I just open Questrade. They do it for me! Check out my FREE Excel Dividend Template here if you like =) bit.ly/2O4f3sr
@Ali-pi4ou
@Ali-pi4ou Жыл бұрын
Very good, thank you.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thanks Ali! I'm glad you found it helpful! =)
@tlb23
@tlb23 Жыл бұрын
I'm a bit late but congrats on reaching 100k subscribers! Another great topic to discuss for those building their TFSA portfolio. I remember when I watched the first DRIP video you released and immediately decided to focus on qualifying Enbridge stock for a DRIP. Since then, I 've went from receiving 1 free stock every quarter to now almost 3 stocks! Thank you as always, Adrian!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you buddy! It was one of my biggest goals for my career and I am SO happy I finally reached it! And way to go with that Enbridge DRIP! It's one of the juiciest dividends out there! 😁
@honda71000
@honda71000 Жыл бұрын
Thank you so much TOP G 🙌
@CanadianTShirt
@CanadianTShirt Жыл бұрын
haha never been called that before but I appreciate the support! 🙏
@InvestInFrench
@InvestInFrench Жыл бұрын
I love Plaza, one of my favorite REITS
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You got it! Plaza Retail doesn't get enough love, I think most people overlook it because of it's smaller market cap. But definitely look into Manulife. If you see my TFSA portfolio reveal, you'll see it's one of my best performing stocks =)
@cris471
@cris471 Жыл бұрын
Crash coming up sometime this year ! I’ll wait for it to buy good Canadian bank stocks at a big discount
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It's possible but be very careful when trying to time the market... I have a whole video on timing on the market vs Dollar Cost Averaging, check it out! =) kzfaq.info/get/bejne/np93ZKaHktXZmn0.html
@acdatz6222
@acdatz6222 Жыл бұрын
Rogers Sugar drips quarterly with under $400 investment. TNT-UN drips monthly with $800 investment.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'll look into those! Thanks for the heads up! My #1 rule with KZfaq is I ONLY talk about stocks that I personally own. Transparency is everything but I'll look into those two =)
@ex4edgeinc469
@ex4edgeinc469 Жыл бұрын
How can we distinguish whether it is an ETF or a single stock from the ticker symbol? In general how do we know it ?
@aaronlefler4145
@aaronlefler4145 Жыл бұрын
Hello. Your channel is great! I am not sure what your MARGIN USD and MARGIN CAD stock (AMZN, FB - SHOP, XIC, VCN, BB). I got those values from your excel template. As in the AMAZON stock price today is $92.13. But, in your excel example, you have one share, and it has a value of $3428. And both the AMZN and FB don't have CDN value equivalents. I'm sure I've just missed something in your video.
@toantruong2581
@toantruong2581 Жыл бұрын
Thanks for another nice video, Andrian. I'm looking forward for your property investment or small business videos.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Absolutely! I am working on some videos in my Canadian Business Guide and I am launching my Real Estate Investing series soon so stay tuned for that! =)
@toantruong2581
@toantruong2581 Жыл бұрын
By the way, you may want to launch a Patreon site after a wholesome of incredible efforts.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@toantruong2581 I was considering Patreon two years ago when I launched my Membership program. I decided that I would rather just have everything contained here on KZfaq. Plus I like the KZfaq benefits like the exclusive badges next to your name in the comments if you are a member. That way I can prioritize comments from my members. Plus I am already stretched so thing across KZfaq, IG, Facebook and twitter. I don't want to add ANOTHER platform 😅
@MarcusTor501
@MarcusTor501 Жыл бұрын
Great video!...I have a question though, why do you keep SRU shares in your RRSP?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Good question! Just because I maxed out my TFSA and I had more RRSP room available! No other reason. Normally I would hold SRU in my TFSA along with the rest of my Canadian REITs =)
@daxursu8499
@daxursu8499 Жыл бұрын
As always, thank you :)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
My pleasure! I hope you're able to unlock some DRIPs! =)
@ryanweaver3910
@ryanweaver3910 7 ай бұрын
I'm a bit confused by this. My understanding is that a DRIP allows you to buy fractional shares after you have already purchased one full share in the company?
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
At the time of this video, WealthSimple did NOT support DRIPS...
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
But now finally, after so many years they finally offer DRIPs and they allow you to own fractional shares which a lot of people really like!
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
Personally, I don't want fractional shares. It makes it MUCH harder to track, record my calculations and file my tax returns. I like whole numbers but it's a personal preference =)
@jananijanarthanan522
@jananijanarthanan522 Жыл бұрын
But why can’t they do fractional share purchase with whatever dividend we earn
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Questrade doesn't offer fractional shares (WealthSimple does for certain stocks but not all) Personally, I don't want fractional shares since it makes my calculations much more complex and messy if I don't have whole numbers and it will make taxes messier as well. Also, adding fractional shares would just add more work on the brokerage side and more work means more fees, so I would rather keep the fees down and stick to whole shares =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Personally, if I can't afford to buy an entire share of a stock, then I can buy a fraction of that stock by buying an ETF instead =)
@kaurmal8791
@kaurmal8791 Жыл бұрын
Adrian thank you, not getting notifications have to check it if video is up.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm happy to help Kaur! To get notifications, make sure you hit that Bell icon below my video and you'll probably need to switch on Notifications in your Settings on your phone =)
@jamesl420
@jamesl420 Жыл бұрын
If I'm not mistaken, Wealthsimple has zero trading fees for CDN stocks. If that's the case, despite not having DRIP system, is it not just better to manually buy stocks than to pay ~5 trading fees in Questrade (if you plan to make large and frequent purchases of CDN stocks)?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You are correct, with WealthSimple you don't pay commission fees so you can MANUALLY reinvest your dividends by buying an extra share with that cash, but it won't be done automatically and if you have many dividend stocks with DRIPs, this can be annoying to do manually. I will be making a WHOLE video comparison on WealthSimple vs Questrade. They are both great platforms and I think WealthSimple is fantastic for Canadian beginners but there are a ton of hidden fees and severe restrictions which I will cover. And most importantly, I ONLY recommend WealthSimple for purely CANADIAN stocks. Do NOT use them for US investing, it will cost you a TON of money in the long run in currency conversion fees!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
For US investing, use NORBERT'S GAMBIT with Questrade to avoid paying ANY currency conversion fees! This will save you hundreds or thousands in the long run! I have a step by step tutorial on how it's done in this video =) kzfaq.info/get/bejne/p5yBZMersJ7apKc.html
@jamesl420
@jamesl420 Жыл бұрын
@@CanadianTShirt looking forward to this content! 🙏🏼
@lw1405
@lw1405 Жыл бұрын
@@CanadianTShirt I use your step by step tutorial to use Norberts Gambit in Questrade! Thanks Adrian!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@lw1405 happy to help! =)
@Rocco1994
@Rocco1994 Жыл бұрын
Hi there, I’m a 28 y/o male who recently started investing in ETFs. I really like HDIV, HYLD, Canoe EIT, ZWB, ZWU, FIE. I just have a general question (as there is one looming around the corner) and that would be how do these do during bad market times? Ie: how does the dividend get paid? I am holding a certain amount of capital to DCA on these ETFs when that time comes, I just thought I’d ask if it’s something I should continue worrying about. Thank you so much for your time!
@AndrewBrowner
@AndrewBrowner Жыл бұрын
thoughts on how Rising interest rates might effect REITS like Plaza? do they own their properties outright? any information on their current debt levels on cash on hand, maybe some data on vacancy rates compared to other similar commercial REITs, ect would like to have more information and pick a few stocks i feel confident in rather than dozens of stocks just winging it, especially heading into a recession
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Most companies but especially REITs are heavily leveraged with mortgages and loans to finance new developments and redevelopments. That's why REITs are hit particularly hard when interest rates rise since their mortgage interest increases. But that's why it's important to pick REITs with quality tenants, high occupancy rates and a history of consistent and growing revenue to endure those extra costs =)
@vladrazym9955
@vladrazym9955 Жыл бұрын
Thanks a lot! I know that you have covered details in another Drip video, but do I understand correctly that those money from dividents spent on buying more stocks are not taxed?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Unfortunately no! You are STILL taxed on those dividends! It does not matter whether you receive the dividend as cash or reinvest it as a DRIP, it will STILL be taxed! However that's only for a non-registered account like a Margin account. In a tax-sheltered account like the TFSA or RRSP, the dividends are 100% tax-free and so are the DRIPs =)
@vladrazym9955
@vladrazym9955 Жыл бұрын
@@CanadianTShirt thanks for clarification! Great video as always
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@vladrazym9955 I'm happy to help! =)
@MrCarter925
@MrCarter925 Жыл бұрын
Hey Adrian, great video! I’ve just started investing using Questrade for my TFSA. I was wondering for a beginner if it is better to prioritize diversification (buying many different stocks across different industries) or buying a smaller number of different stocks and locking in a DRIP? Please let me know, thanks!!!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I always say diversification is the name of the game! It can be tempting to focus all your attention on one stock to lock in that DRIP ASAP but I think it's safer overall to spread out your investments over different stocks and sectors and work your way up to a DRIP across the board! =)
@MrCarter925
@MrCarter925 Жыл бұрын
@@CanadianTShirt Great to know! Thank you for the reply :)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@MrCarter925 my pleasure! =)
@rmcl8834
@rmcl8834 7 ай бұрын
Hello Adrien, I have a couple of questions. If investing in DRIP stocks do you have to keep a record or cost basis of the various stock price for tax purposes if in a TFSA ?? Can you suggest the most recent low threshold DRIP stocks that I should consider ?? And when is the deadline for 2023 RRSP contributions ?? Thanks very much, love your informative videos.
@CanadianTShirt
@CanadianTShirt 7 ай бұрын
For a tax sheltered account like the TFSA, you don't have to track the cost basis since the capital gains are 100% tax free. You don't declare them in your tax return
@CanadianTShirt
@CanadianTShirt 7 ай бұрын
All of the stocks on this list are still among the easiest DRIPs to qualify for and the RRSP deadline this year is Feb 29, 2024 =)
@CanadianTShirt
@CanadianTShirt 7 ай бұрын
If this was a non-registered account (Margin account) then yes you have to track the cost basis since that will affect the capital gains you pay when you eventually sell
@marlonrosema3895
@marlonrosema3895 Жыл бұрын
I am just literally trying to learn!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
That's what I love to hear! You've come to the right place! 🙂
@marlonrosema3895
@marlonrosema3895 Жыл бұрын
Thank you so much for your videos!!!
@hermileul2297
@hermileul2297 Жыл бұрын
Me too I have no idea about stocks and dividends, where to buy and how it works.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@hermileul2297 I suggest watching my MILLENNIAL INVESTING GUIDE playlist! I go over everything you need to know about investing and how to buy stocks and ETFs from the absolute beginning! =) kzfaq.info/sun/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g
@hermileul2297
@hermileul2297 Жыл бұрын
@Canadian in a T-Shirt Thanks I will do that for sure.
@sheldonsnow803
@sheldonsnow803 Жыл бұрын
DRIP also lets you buys share at a discount of 2, 3 ,or 4 %. bonus!!!!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
If you buy them directly through the company! Absolutely take advantage of those discounts! However, keep in mind that a company can always choose to suspend their DRIP program! That happened to a lot of the big dividend players in the past few years like Enbridge and RioCan. That's why I setup a DRIP with my broker so that ANY stock and ETF can be DRIP'ed, even if the company no longer offers it directly. But great point! 😁
@sheldonsnow803
@sheldonsnow803 Жыл бұрын
@@CanadianTShirt I believe Enbridge is still using DRIP. I have them in a Direct Investing TFSA account and it just drips automatically at a discounted price as do all my dividend stocks. Direct Investing thru RBC must do it automatically for me. Thanks. Love your videos.
@salut8598
@salut8598 2 ай бұрын
Hello, I have a question, can you do the same with American dividend stocks in the TFSA? Thanks in advance
@CanadianTShirt
@CanadianTShirt 2 ай бұрын
Yes you absolutely can however, US dividends will face a 15% withholding tax in a TFSA! I cover this in detail in my TFSA MISTAKES video here =) kzfaq.info/get/bejne/qZqTdcyTsae4f4k.html
@CanadianTShirt
@CanadianTShirt 2 ай бұрын
That's why I only hold my US dividends in my RRSP instead to waive that tax. A 15% cut can really hurt in a TFSA!
@salut8598
@salut8598 2 ай бұрын
@@CanadianTShirt thank you so much🙏
@CanadianTShirt
@CanadianTShirt 2 ай бұрын
@@salut8598 happy to help!
@salut8598
@salut8598 2 ай бұрын
@@CanadianTShirt then it would be better to just use canadian stocks on the tfsa
@mgi1005
@mgi1005 Жыл бұрын
hi. just starting to do investments here. and new subscriber to your channel. still confused where to put my tfsa, plan to put in couple hundrerd $ every month and hoping it will grow more compared to the banks. thanks in advance for your insights.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Welcome to my channel and thank you for joining my membership program! I recommend Questrade for your TFSA, it's my favourite broker in Canada but WealthSimple Trade is also a great option! I would suggest investing in dividend ETFs and a few well-established dividend stocks to get your feet wet with investing. Check out this video on my favourite Canadian Dividend ETFs. They would be great to help you build confidence in investing =) kzfaq.info/get/bejne/a8mio5iiyrfNnps.html
@kevbutler81
@kevbutler81 Жыл бұрын
Great video bud. Thanks 😊
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you Kevin! I've wanted to make a video on this for a long time! =)
@kevbutler81
@kevbutler81 Жыл бұрын
Glad you did 👍
@JMart6
@JMart6 Жыл бұрын
Thanks!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
My pleasure! I'm happy to help! =)
@antoniorao5345
@antoniorao5345 Жыл бұрын
Been hunting for drips with these same prerequisites. More videos like this plz, Adrian.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
I'm happy to help Antonio! I can definitely make more videos like this! Basically if you are looking for easy DRIPs, look for a high dividend yield and a low share price! And naturally, quarterly dividends are easier to DRIP than monthly =)
@Mikey-ic8ke
@Mikey-ic8ke 10 ай бұрын
Could someone help me. Im just getting into investments and i thought with wealthsimple you could reinvest the dividents back into the stock. Is that not the drip system
@CanadianTShirt
@CanadianTShirt 10 ай бұрын
At the time of filming this video, WealthSimple did not offer DRIPs. In fact, they just recently added their new dividend reinvestment feature which is about time! I had been waiting for over 5 years haha
@CanadianTShirt
@CanadianTShirt 10 ай бұрын
Keep in mind that their Dividend Reinvestment option is a little different than a DRIP with Questrade since you can't specify which stocks to activate the DRIP on. With WealthSimple, you can only select on or off for ALL of your stocks. Questrade gives you the customization
@CanadianTShirt
@CanadianTShirt 10 ай бұрын
Also with WealthSimple, all your dividends will DRIP so you will be earning fractional shares. Personally, I don't like this. I want to have whole number of shares. It makes my calculations far cleaner and less messy and it makes it much easier when filing taxes so keep that in mind =)
@pa6989
@pa6989 6 ай бұрын
Do you know if Wealthsimple now allows DRIPs? I think it does because my dividends get reinvested automatically.
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
They do now! It's a new feature they finally introduced a few months ago! =)
@CanadianTShirt
@CanadianTShirt 6 ай бұрын
It took them many years but they finally implemented DRIPs! You can't customize which positions or which holdings however. With WealthSimple, you can only select all or nothing but still progress!
@freakerss
@freakerss Жыл бұрын
I'm wondering if there is any difference in tax owed in a dividend vs price appreciation scenario. Scenario 1: Buy 100 shares @ $10 each, after 1 year you have 200 shares @ $10 each due to a steady dividend drip, no price increase in the stock. Scenario 2: Buy 100 shares @ $10 each, after 1 year you have 100 shares @ $20 each due to a steady increase in the share price. You sell both of these for $2,000 is there any difference in the tax owing in these 2 scenarios?
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Absolutely there is! If you're in a tax-sheltered account like the TFSA, RRSP, RESP or FHSA then there are no taxes anyway so you don't have to worry about it. But in a non-registered account (Margin) investment income will be taxed differently. I'll be making a whole video about it since it can be quite complex
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Here is the short summary: capital gains will be taxed at HALF of your marginal tax rate on the profit when you sell. US and foreign dividends and taxed at your full tax rate. Canadian eligible dividends will be taxed less due to the dividend tax credit, the effective tax rate will depend on your income. I'll break this all down in an upcoming video =)
@freakerss
@freakerss Жыл бұрын
@@CanadianTShirt Thanks! I figured there'd more nuance than a yes/no, this/that answer.
@illestwhite
@illestwhite Жыл бұрын
Is it ok to invest a full $800 into PLZ.UN to get the DRIP right away? or suggest to diversify or DCA in? Thank you.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It depends on the size of your portfolio! If you only have a $1000 in total, then I wouldn't put 80% into any one stock. But if you already have portfolio and you're looking for something new, then sure $800 into PLZ is a good move to lock in that monthly DRIP! =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
If you see my Members-Only videos (black thumbnails) I usually buy around $700 - $900 of PLZ at a time so I basically bump up my DRIP every time =)
@HITMAN934
@HITMAN934 Жыл бұрын
Love the videos, if it wasn’t for your videos I wouldn’t of got into investing in stocks, as I always thought it was hard and needed tens of thousands of dollars to get started. As for Plaza REIT, I debated them because for the last 4 years, the mall they own here in the city has more vacant stores with rent me signs then they do actual operational stores and are losing more and more it seems. I feel in a few more years it’ll be a completely “dead mall” if Plaza REIT doesn’t step in and make changes to make store front property more appealing to businesses and start up’s.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Thank you for those kind words! I'm glad my videos help you get started with investing! That's a shame, but with any REIT you are going to have vacancies and properties that never seem to come to fruition. Their occupancy rate is over 97% so you must have been "lucky" to find one of the 3% 😉
@CanadianTShirt
@CanadianTShirt Жыл бұрын
But I know what you mean, it can be depressing when you see an older mall with more "For Lease" signs than actual stores...
@HITMAN934
@HITMAN934 Жыл бұрын
@@CanadianTShirt yes it is very disheartening to see as the area is a big spot but seems Crombie REIT’s Mall that is about 10 mins away from the Mall that Plaza REIT owns must be offering more / have more benefits in that area, or must have better rates as they’re filled and just expanded to add space for even more larger anchors in the last 2 years. I been sticking to REIT ETF’s since the hikes and inflation. Been buying MREL ETF, management fee high but dividend seems good. Not sure how it sustainability really is. It’s still relatively new, but so far I been happy with it and plan to stick to it till I’m ready to buy individual REIT’s again. I’m still new to investing and I’m going on what I feel and in no way giving advice on anything investing or financial. That actually one of the reasons I love watching your videos, you do the homework and inform us all. I wouldn’t of know about Plaza REIT 97% occupancy as I seen a dead mall with there name all over it and just wrote it off then and there as a no. TELUS stock I been loving since day one. 1st stock I bought when I started on Questrade at the beginning of the pandemic.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@HITMAN934 that's a GREAT approach! Start off with broad diversification in an ETF and as you get more comfortable with it, then you can start doubling down and investing in the individual holdings within that ETF! I love it! 😁
@martinithechobit
@martinithechobit 10 ай бұрын
Hmmm interesting. I initially prefer only to have the cash. But now...I know compounding your shares can be alot.
@CanadianTShirt
@CanadianTShirt 10 ай бұрын
Absolutely! Reinvesting dividends gives you pure exponential growth! Check out my DRIPs EXPLAINED video where I illustrate the difference with a real life example =) kzfaq.info/get/bejne/pdupi9qSubXKmIk.html
@sw2de3fr4gt
@sw2de3fr4gt Жыл бұрын
8:09 Nice
@CanadianTShirt
@CanadianTShirt Жыл бұрын
🤣🤣
@carolnavan4137
@carolnavan4137 Жыл бұрын
Great info, thx
@CanadianTShirt
@CanadianTShirt Жыл бұрын
It's my pleasure! Thanks for watching Carol! 🙂
@toantruong2581
@toantruong2581 Жыл бұрын
Adrian, quick question: I have a chunk amount of money now and wanted to max my TFSA. But considering the FHSA coming out later this year. Should I wait for that since if I max out TFSA now, I won't have enough for FHSA? Thanks again for a great video as always.
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Ideally you want to max out both! But between the two of them, I would prioritize the FHSA! You get the SAME tax-sheltered benefit PLUS the enormous benefit of tax deductions like the RRSP! As it stands right now, the FHSA is set to launch on April 1 but it still isn't confirmed. I'll keep you guys updated! =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
You might also consider putting in some money into your RRSP! Remember if you contribute to your RRSP before March 1, you'll reduce your 2022 taxable income so you'll receive a tax refund in April when you file your taxes. Then you can use that tax refund to invest in the TFSA or the FHSA =)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
And that way, you get to invest in stocks right away in the RRSP, rather than sitting on cash for the next 3 months =)
@toantruong2581
@toantruong2581 Жыл бұрын
Great advice. Thanks andrian. Are you replying all comments!? I've never seen people do that when they get more than 100k subscribers. You're such an exceptional KZfaqr. Keep it up Andrian!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
​@@toantruong2581 thank you so much for those kind words! I try really hard to reply to everyone! Obviously that becomes MUCH harder as my channel grows! 😅 But since day one, my favourite part of this whole KZfaq gig was engaging with you guys and answering your questions! That's why I still spend at least 2-3 hours every day responding to questions! I hope that never goes away! =)
@headyboi7877
@headyboi7877 17 күн бұрын
I wish you could DRIP fractional shares on Questrade :(((
@CanadianTShirt
@CanadianTShirt 16 күн бұрын
I hear you but personally I don't want fractional shares! One, it will likely increase fees since it takes more work to support that and two, having fractional shares is a real pain...
@CanadianTShirt
@CanadianTShirt 16 күн бұрын
Especially when you have to keep records on Excel and file taxes. Having 64 shares is nice and easy. Having 64.142322 shares is a nightmare. But it's a personal preference for me! =)
@sarahsworld2024
@sarahsworld2024 Жыл бұрын
Thx Adrian
@CanadianTShirt
@CanadianTShirt Жыл бұрын
My pleasure Sarah! I'm happy to help! =)
@GeorgeFelixBarbosa
@GeorgeFelixBarbosa Жыл бұрын
Is the Telus analysis still valid? It seems the telecom market is getting more competitors and telus is having trouble to keep the revenue.
@mariavaranese6323
@mariavaranese6323 Жыл бұрын
Hi there, appreciate the info! I am super interested in easy drip! I looked into my VSP investment in my tfsa. Though it is supposed to have a quarterly yield of 1.3% for a total of 5.2% per year, my annual yield is only 0.8%. I am not sure where to find the share minimums you need to hold to earn the full yield potential. Would love some help :)
@CanadianTShirt
@CanadianTShirt Жыл бұрын
Hi Maria! I hate to be the bearer of bad news but VSP does not have that high of a yield... it tracks the S&P 500, the largest companies in the US most of which don't pay dividends so VSP actually has an ANNUAL dividend yield of 1.3%. In the finance world, whenever you see a percentage like dividends or interest it is always an ANNUAL amount! So the 1.3% yield is 1.3% paid out over the year, it's just divided into quarterly payments, so you can think of it as 0.325% yield every quarter. I hope that makes sense! =)
@mariavaranese6323
@mariavaranese6323 Жыл бұрын
@@CanadianTShirt thanks so much! P.S. I picked up some manulife!
@CanadianTShirt
@CanadianTShirt Жыл бұрын
@@mariavaranese6323 way to go! Enjoy those dividends! =)
@dividendduck
@dividendduck Жыл бұрын
@@mariavaranese6323 Great choice with Manulife! Looking to pick some up myself
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