I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.
@pengily_emi2 ай бұрын
Government stimulus helped Americans save, but I don't expect this trend to continue.
@RockRex-lx7lg2 ай бұрын
Pandemic savings are gone for middle and low-income families. My trading skills need improvement.
@Stephenrogzyyy2 ай бұрын
Desiree Ruth Hoffman, my market strategist, says the S&P 500's drop clears a path for a rally. She’s a great resource.
@ParkerRoyce-ni5pw2 ай бұрын
Who is Desiree Ruth Hoffman? We need help organizing our finances for next year.
@pengily_emi2 ай бұрын
Plan properly or consult a seasoned professional with a good track record like Desiree.
@KarinaMilan44 күн бұрын
Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
@CaryTriana4 күн бұрын
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
@SylviaJoe64 күн бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@AlexandraGray-t44 күн бұрын
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@SylviaJoe64 күн бұрын
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@MichaelAD2224 күн бұрын
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@Ghoster786 Жыл бұрын
Can you cover canadian espp accounts? I work for CP rail and we get up to 6% matched contributions but im wondering if its more efficient to withdraw stocks every couple of years to invest in better returning stocks but im gonna be hit with a ton of weird capitol gain taxes
@graywilliams_77. Жыл бұрын
@Olivia This is wonderful please Olivia i will also like to be part of this movement so tell me is ROCHELLE DUNGCA-SCHREIBER on youtube? please how do i reach her!
@graywilliams_77. Жыл бұрын
@Olivia Thank you so much I was able to find her page and I already leave her a message. so happy i came here to see this thank you once again Olivia!!
@xavierbeauregard8488 Жыл бұрын
I've recently thought about working for CP rail. I would be really grateful if you told me what that's like.
@androidphone69729 ай бұрын
You’re already in the 1% sir, great company to work for
@MikeJones-vb1me Жыл бұрын
If you want to be a millionaire in Canada, start with a billion.
@ddtdcd Жыл бұрын
Hard working people should just work and die poor:)
@seangriffin7803 Жыл бұрын
Start with the last name Trudeau....
@malikusman2868 ай бұрын
😅😅😅😂😂exactly 😮
@novwin31695 ай бұрын
Tks sir Richard Branson
@jay-argonzales780116 күн бұрын
@@seangriffin7803lmfao 😂😂😂😂😂
@kimmykero2421 Жыл бұрын
Bringing on guests with different specialties and technical knowledge (on different products) to contribute on the channel really does add great value to your viewers and says plenty about your honesty and integrity! Thanks Adam!
@ParallelWealth Жыл бұрын
Our pleasure!
@robertyoung406 Жыл бұрын
Damn I think you have one of the best finance channels for Canada! Your videos are well structured and everything is explained so clearly!
@ParallelWealth Жыл бұрын
Thanks Robert. Appreciate the kind words. Thanks for watching
@NaviSharmaNav4 ай бұрын
Excellent insights, especially for those who are new to investment world and wants to start. Thanks
@kmitcher Жыл бұрын
Hi Adam, first off, really appreciate you taking the time to publish your videos as my partner and I have found them extremely valuable. We are always excited when a new vid drops. There is always something valuable I pick up when viewing. We are following your advice and feel we are in good shape however we are 7 years out till retirement so most definitely will be setting up a plan with you in a couple of years. Thx again sir!
@ParallelWealth Жыл бұрын
Thanks Kyle. Here to help when the time is right on your end.
@simosof Жыл бұрын
Your channel is an inspiration to me! Keep sharing your interesting and useful posts."
@ParallelWealth Жыл бұрын
Thank you! Will do!
@rbenjamin14295 ай бұрын
Thank you, Adam, for your videos - you are so clear in your explanations, which is truly appreciated! Very helpful for someone who is pretty much financially illiterate. I am learning. Will try to get my 2 young adult children to watch your videos, as well.
@ParallelWealth5 ай бұрын
Thank you! Glad they are helping out!
@rbenjamin14295 ай бұрын
🤗🥰☺@@ParallelWealth
@rbenjamin14295 ай бұрын
@@ParallelWealthalso, I did subscribe and hopefully my kids will as well.
@BrodyKrajcik5 ай бұрын
Useful and simple talk!!
@user-hm4jm1cy7m9 ай бұрын
Something I never see these channels mention are the difference between putting US stocks in RSP compared to TFSA.. mainly the fact that its only stocks that pay dividends that are subject to US withholding tax.. stocks that dont, are not. This is a VERY big deal yet I almost never see it talked about.
@ParallelWealth9 ай бұрын
Typically this would come for a portfolio manager, not a financial planner. That said. It's part of the planning process wetale with our ongoing clients - and a conversation most should have with their investment advisor.
@petealwayslovesu10 ай бұрын
ty so much
@MegsCarpentry-lovedogs Жыл бұрын
This is a good vid to watch to set up for the strategy Parallel Wealth phone call scheduled soon👍☺
@valveman12 Жыл бұрын
TFSA is a gift... Yet I know so many people who have not opened one. TFSA-Tax Free Savings Account should be renamed to Tax-Free Investment Account. Leaving your TFSA as a savings account is ok, but investing can make you large gains, including dividends.
@fabio167110 ай бұрын
Nothing is for free😊 don’t be naïve
@valveman1210 ай бұрын
@@fabio1671 Naive? TFSA-Tax Free Saving Account Free is in the name genius! So you never opend a TFSA huh? Your loss...
@user-hm4jm1cy7m9 ай бұрын
@@fabio1671 dumb thing to say
@willkeen5010 Жыл бұрын
You explained all the investment type so well! I didn’t realize there were so many different types of ETFs available now even tracking vegan lifestyles. Now I feel old lol 👏👏
@ParallelWealth Жыл бұрын
Glad it was helpful!
@dfhu548 Жыл бұрын
I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?
@user-hm4jm1cy7m9 ай бұрын
People freak out when I tell them this but I am all in on Tesla. Every spare dime I have I put only in TSLA and keep them in my RSP and TFSA. I understand the risk... this could bite me in a very very bad way but I'm still doing it. If things go the way I believe they will with tesla I will be a multi-millionaire in 10 years.... if things dont go as planned I will lose a load of money and all I will have is my pension.
@Nawalta8 ай бұрын
I wish you the best but what you’re doing isn’t so different than gambling your entire wealth at a casino.
@trevorgwelch7412 Жыл бұрын
Do we have Index Funds in Canada . ? Warren Buffett recommends these funds in the US .
@fostertheweekend7 ай бұрын
Vanguard Canadá
@CoachLucasAlmeida8 ай бұрын
Great content. Thank you.
@ParallelWealth8 ай бұрын
Glad you enjoyed it!
@brucerobinson33315 ай бұрын
Great videos generally but this one didn't work for me. The alternative investing portion felt like a information lite sales pitch. My guess is with high fees too
@ashwikreddy88292 ай бұрын
Why there is FHSA account in the list? Is it not much needed?
@alanmathewcheriyan974611 ай бұрын
Is it advisable to utilize a Tax-Free Savings Account (TFSA) for engaging in option trading?
@MasterRichStocksOptions Жыл бұрын
😎Good. I travel full time while trading stock options. My video brought me to this video.
@MasterRichStocksOptions Жыл бұрын
Good info on Canadian market.
@robocop5814 ай бұрын
Move to a low tax country, declare non residency then move back to Canada once you've earned millions. Hundreds of thousands of non resident Canadians have done it and many that retire don't even want to return as they have an option to retire in countries with warm climate via a Golden Visa.
@AngeliqueWilliams-xm6yi Жыл бұрын
hey guys, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
@fostertheweekend7 ай бұрын
Vanguard Canada is good
@Papi4.444 ай бұрын
Hi, what are your investment goals, risk tolerance?
@pwong0227 Жыл бұрын
14 million Canadians have TFSA accounts and 10% of this population have maxed out their TFSA contribution. 65.5% Canadians have RRSP but don't know how many have maxed out with RRSP contribution.
@dfhu548 Жыл бұрын
I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?
@buckw65 Жыл бұрын
Yes I'm shocked by that. Should be the other way around. Also most peoples TSFA'S have gone down in value from native read.
@karlosm2730 Жыл бұрын
I am trying to figure out the new FHSA right now. Looking forward to finding more information about it.
@dennislavigne7106 Жыл бұрын
Question as a new Canadian investor if I purchase class B stock of Berkshire in my Canadian tfsa is that fine or will I need to pay something because it’s in a American dollars
@seangriffin7803 Жыл бұрын
That's not an investment I have every owned, but take note that America does not recognize your TFSA as tax free, so there may be some details that are lost on me..... I treat this by saying, any time the US government would impose withholding tax on my non-registered (standard cash) account. That same thing will apply if I have it in my TFSA. The US does recognize your RRSP as tax free so it will be different.
@offnl_11 ай бұрын
Better to keep US stocks in RRSP
@dylantemperton6 ай бұрын
This might be a little late, but you only pay a withholding tax on US dividends, because dividends are pre-tax income from the company and the US government will want a piece of it. I have transferred and sold US stocks in my TFSA and not have not had any issues
@waterloo515 Жыл бұрын
Do you receive commissions on the sale of BCV Asset Management investments to your clients and/or on referrals to that firm? If so, what is that commission?
@ParallelWealth Жыл бұрын
Don, we charge fees for our planning services. BCV charges separate fees for their investment services.
@Spp235. Жыл бұрын
Best would be a simple yes or no?
@ramican9155 Жыл бұрын
Thanks!
@edoliva3264 Жыл бұрын
Any thoughts on a GIC in 2023? Im currently looking at a 3.35% for a 100 day term. Does this seem like a good investment?
@ParallelWealth Жыл бұрын
Ed, we have seem lots of changes lately. If we get one more raise we may see better rates a little longer, but really a crystal ball on this one. Pick a rate you are happy with and don't look back - especially on a short term like this.
@MFTW Жыл бұрын
There's one for 5.25%
@jingo721 Жыл бұрын
Only flip real estate in Canada and live in Thailand hahaha - NO to COLD PLACES
@user-dv8bs7tb5c Жыл бұрын
That's actually a great plan. The perks of being a world citizen! Do it! Have fun!
@RobertsHicks8 күн бұрын
Excellent video as always but my problem I have been making losses trying to make profit trading. I thought trading demo is just like trading the real market. Can anyone help me out or at least advise me on what to do ?
@ThuyLe-ov5wc Жыл бұрын
I buy RESP for my son, and my son just 10 yrs. But I buy RESP with mutual fund and every month is money losing a little bit because economy is going down right now. Do we have another way to buy RESP but link with GIC ( for guarantee for my son money) doesn’t loose. Now RESP money is going up and down . Thank you,
@user-dv8bs7tb5c Жыл бұрын
It's going down right now but think about it like the mutual fund is ON SALE. Later it will increase much faster than a GIC and once the mutual fund is doing well, each unit will cost more than it does now to buy
@MegsCarpentry-lovedogs Жыл бұрын
Adam, forwarded this to my cousin in her early 50"s. Hopefully she will look at it. She knows very little at this point and this is an excellent base for her to start from to start learning....if she chooses. Thank you Adam!💯🇨🇦
@Iliinois18 Жыл бұрын
About 30 years late but whatever boomer....
@signal8375 Жыл бұрын
Thank you for another great video! Given that bcv multi-strategy alternative fund was featured in this segment, could you please provide a link to the fund's SEDAR fund fact, or a prospectus? I am not seeing it on the BVC website.
@ParallelWealth Жыл бұрын
You can email them directly for this. Contact info on their website.
@harism2001 Жыл бұрын
I hate the word “tax”
@natemadsen380 Жыл бұрын
Hey would I be able to contact you to discuss investing, I am in a position in life right now where I need some help.
@ParallelWealth Жыл бұрын
Yes, email info@parallelwealth.com
@readysetretirego6 ай бұрын
Art....what about purchasing art...great investment Do your homework
@hamedizzy51377 ай бұрын
That’s not wealth man that’s just getting by comfortably. If you a millionaire u don’t need rrsp that’s just a savings account for people with poor will power! Inflation will eat that up.
@dylantemperton6 ай бұрын
Only if you use it as a savings account and not as an investment account
@hamedizzy51376 ай бұрын
@@dylantemperton lol investment account? You make investments you won’t have an account for it unless it’s pooling and if it is inflations eating at it. Inflation eats at your investments as well you just have to make More every year.
@ericyergeau3474 Жыл бұрын
Wow. Nothing on split funds, income funds or covered calls stocks. Don't understand how you can talk about "cashflow" ? Bonds and mutual funds generating 7-9% ? LOL
@mikeloughnane54363 ай бұрын
a one way ticket out.
@fredsaenger64768 ай бұрын
Step one , leave Canada.
@Stephane2215 ай бұрын
Thanks for keeping us financially Educated! Regardless of how bad it gets on the economy, I still made over $35k with my starting capital of $10k this year.
@Stephane2215 ай бұрын
Hannahdearie22
@Stephane2215 ай бұрын
Nice content, but trading come with a lot of benefits And I have just bought my first house through it. As a beginner, I was scared of losing my savings but I'm glad I took the bold step that is now favoring me.😊
@Headinavise Жыл бұрын
Just don't buy shares in TSX.V companies. Especially mining in Canada.
@edoliva3264 Жыл бұрын
May I ask why? I currently have shares in E3 Lithium ETL
@dfhu548 Жыл бұрын
I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?
@Azel247 Жыл бұрын
Hey Adam, thanks for the video. Can you please teach me how to calculate the following? I have $700k saved and I spend $40k/year. I have the money returning 3% interest. How long will that money last? Thanks!
@ptsb5a Жыл бұрын
If you bought $700K of Enbridge, it would pay you $45000/yr and you'd never run out. The same investment in HYLD would yield about $90k/yr in dividend income and again, you'd never deplete your initial investment.
@pwong0227 Жыл бұрын
@@ptsb5a I love HCAL HTA HDIV HYLD and these help me defer my db cpp oas easily to 68. It also covers my trip to Patagonia and Galapagos.
@ptsb5a Жыл бұрын
@@OptimisticHominid I'm not in any position to give advice. Just examples of what could be.
@northeasterndirtandpropert797411 ай бұрын
Are natural resource stocks like enbridge not under attack on a global scale today,along with oil,gas?Are they still a safe area to invest?
@fantastikfanatic19008 ай бұрын
You have it all Just work on a trudeau government contract.