I learned that for me, cashflow is king. I was a pure growth investor - Now hybrid, through CC funds. I was thoroughly frustrated as a growth (only) investor and now seeing monthly cashflow gives me peace of mind. Re-investing all of it right now with FI coming soon.
It depends on all how old you are and what stage life you are at. if you are below 40 then you should focus on growth not income but if you are a above 40 and and have a family say, then you might want to allocate more of your portfolio to income During the 2022 crash my portfolio dropped 50% and it occured to me that if I had a family and I lost my job during the crash, I wouldnt want to be selling my etfs at 50% loss to put food on the table so it would have been good to have some cash flowing investments
Formula for success in investing: Consistently invest in quality assets and think long term. There's a proverb that says: "He who saves money little by little makes it grow". It's so simple yet so many don't do it to their own detriment.Thankyou for taking the time to do these videos... you're helping a guy who's about to liquidate brick and mortar assets and use the money to invest in income producing passive investments! I really like this channel. It's exactly what I've been looking for!
Lessons learned. 1) Building my own spreadsheets made a difference. I just made changes for 2024. The numbers show I am profitable. Still down overall but cash flow profitable. I am at 12 percent of market value and 10.5 percent of invested value. 2) Adding in some Options created additional high level income. 3) After going through the split fund experience, they are not for me. I like consistent cashflow. Therefore I am prepared to take some losses over time to create more consistent income. 4) With the market swings I made gains and losses but my income increased. I hit my PII target. 5) Simple is better. I have 3 accounts I am going to sell items off to simpify things. Focus will be more multi sector as it is less work for me. I too like index funds as it does make it easy. Still want to hold some stabilizing standards. 6) I tend to take my time to sell and buy therefore I missed some opportunities but I really didn't lose any thing.
Love the cat! 😂 I've been playing with passive strategies in my retirement account for the past few months. You've helped me learn. Thank you! I moved into a rental and just sold my house! I'm about to use that to generate passive income.
Adrian you may want to talk more about the actual necessity of moving funds around as a passive income investor which I learned this year on my own for tax lost harvesting. I had 20k of dividends in 2023 that I was about to pay tax on (at 24%) but 30k of unrealized loss available to offset it with by doing some shuffling around which I already was needing to do for streamline purposes. I have not heard you mention that before and it's going to be a yearly necessity to realize some losses to offset the dividend gains unless you aren't working and arent making enough yields to pay tax on but people still building their portfolio need to know about this to some degree.
Awesome video - thanks for the insights and wisdom on a wide range of topics and ideas...you truly make a difference for the community! Also - it's great to see your cat and how patient you were being! Added some fun to the video...thanks again!
Adrian - I love the way that you convey your wisdom, through your own experiences - truly genuine and unique - my own preference is the - max series - offered through - Hamilton / But learning is ongoing and never ends - throughout life 😊 - sending some hugs to your beautiful kitty …
Make a watchlist that's one thing that I learned. I didn't have one before and it makes things a lot easier. I have a bunch of funds, mostly sector specific stuff and major indexes that I'm observing all the time. And the second one is to stop paying attention to headlines and ridiculous investing channels. Most of it is just fear porn. They're trying to sell their product. Just keep on investing. Don't stop.
I would not say to stop watching these porn channels because it is a good idea to be aware of what is happening around you and what people are thinking and fearing. Just don't kept swept away by it all. I also have a bunch of watch lists (on the Globe and Mail) that I monitor daily. They actually provide comfort as I get used to the up-and-down patterns of each fund. And very often the patterns are in opposite directions of what all the experts are preaching. When prices get near new lows, I start buying. Can't wait til October.
@@dkyrtata6688 I'm definitely not watching Meet Kevin or any of that crap. Plus as income or even index investors you don't really need to be so informed on latest day to day news. Obviously it's good to be aware of market cycles etc....increase your knowledge, but too much information is not good either. Paralysis by analysis is real thing.
@@dkyrtata6688 I have 21 Watchlists in my Globe & Mail subscription. An incredible tool if you like to make money. You name the fund, it's on one of my watchlists. I couldn't do without them!!
Hi Adrian, you are right, the us market surpassed the cdn market. But don't underestimate some etf, like hdiv who surpassed hyld by 12%. I am happy to own both of them. 😁
The lesson I learned was from an older Charlie Munger clip. I only just got back into investing since my first dabble in 1987, so I only learned this lesson in 2023. That lesson being to not diversify. I still think diversifying is the way to go for people who do not want to do any research, just want to 'invest' and hope their money is still there in 30 years without putting any further thought in to it. However, what Charlie was saying is that if you've done your research, and you've come up with a list of 25 ideas, does it really make sense to put money into your 23rd best idea? Or should you be putting your money into your top 3 ideas? My plan to apply this method is each time I have money to invest, to narrow my choices down to a single option only. The idea will be to pick up quality companies that are out of favor, and hold them until they become overpriced. It's possible that as time goes on there will be a mish mash of holdings that give the appearance of diversification, but each will have been purchased on it's own merits, not on some strategy to spread things out. Quality companies at lower p/e multiples which pay a dividend for patiently watching the price climb over time would be ideal :)
lesson 10: I've been pretty good at investing almost all dividends and distributions back into things that will generate more income...and I can see that things are really 'on sale' right now. I'm glad I bought a bit more of BMO at $118 a while ago, for example. Or buying into MREL in the last three months. I am thinking I should be taking TFSA dividends and put them into an RRSP; I don't need the income yet but could use the tax break.
Your plan to transfer your TFSA dividends into an RRSP is an interesting proposal but I am not sure if it is a good one. It depends on your exact circumstances. Assuming you have available cash in your bank account, I would raid that first to fund your RRSP. Removing your dividend income from your TFSA allows it to continue to grow tax-free in the RRSP, but when you finally withdraw it, it will be taxed whereas withdrawing it out of your TFSA it won't. The other consideration is that you referred to your TFSA income as "dividends." If your TFSA investments are truly earning you dividends (as opposed to capital gains or interest), you MAY be better off having those investments in a taxable account. That makes most sense if you live in Ontario with a taxable income of under $51,000 (line 26000 of your tax return). At that income threshold (for 2024) the tax rate on dividends ends up being negative 6.86%.
Could be an interesting video. Adrian selling Air Canada (I believe) early, right before it went through the roof a few years ago, would be one mistake (though market timing is always tough).
LOL... my cat does the same thing in the middle of business meetings. Welcome to 2024. Very cute keep him in the videos you may get more views by the cat lovers !
I'll add two more. Need more tech in the portfolio. I think most of us are very financial heavy and we don't have enough tech in our portfolios. And I'm starting to prefer the sector specifics as opposed to the all in ones. There's more versatility with that approach.
Reaction Video Adrian? Ben Felix is a popular Finfluencer and he is critical of the CC strategy. He is a fan of Index Investing though. Maybe you guys could do an interview?
@@belovedsurfing7210 I don't really give a crap what Ben Felix thinks about CC ETFs! I love them & I've made a pile of money from them. My huge TFSA account is my proof. 😂💰💰💰
What would be better long term? Buying VFV and that's it for 25 years? Or Buying some combination of these covered call/leverage strategy ETFs and reinvesting all the dividends every month (never selling) for compounding for 25 years? Aka, if you don't need the money now for cash flow, is owning these ETFs and reinvesting all the dividends a legitimate long term strategy?
3:03 Agreed, the US market is king but can we also say the same about contemporary US politics which is becoming increasingly volatile, toxic and unpredictable? As we all know, business thrives best in an atmosphere of political stability and social order. One can only hope that business does not suffer a collateral damage as a result of unprecedented political unrest!
Businesses do not give up when faced with new challenges and constraints. Businesses figure out how to adapt to new realities including political climate . Fortunately, the stock markets are a lot more flexible. Markets (that's you) will dump any business that fails stay profitable.
The stock market long term is a wealth generating machine. Short term macro events are just bumps in the road. Keep tour eye on the prize. Dont try and link stock market with politics
Thank you so much for sharing this, Adriano. Patience is the key! Quick question - I have been looking to streamline my portfolio this year. But I am kinda heavily invested in GDV - 1274 shares at 11.29. Would you suggest dollar cost averaging GDV until it breaks even or should I put the money somewhere else?
Without seeing your whole portfolio no one can possibly answer that question. Myself I've been shying away from split funds & buying high yielding ETFs instead. But that's also a personal decision.
In its purest form, index investing is an ETF that holds the exact same stocks in the same proportions as the index it tracks such as the S&P 500 or the NASDAQ 100. If the index discontinues a stock, the index ETFs will do the same by selling the stock. When all index funds do this, the stock price declines since the market gets flooded with an oversupply of unwanted shares. And of course the reverse happens when a replacement stock is added to the index. Indexes do not actually hold any stocks but the ETFs that track them do. The performance of Index funds tend to outperform the intelligence of managed funds which begs the question why invest in a more expensive managed fund when the efforts and cost of the fund manager do not provide any benefit? When Adrian says he prefers index funds, what he really means is that he prefers these funds that are enhanced with covered calls and leverage.
no 1 ... not convinced about streamlining .. that is all eggs in one basket method . .how do we know that 12 funds is better than 24 for example .. ? i do sell ones to buy others also but not to streamline .
It is not a science. Do what makes sense to you. Some funds may hold the same stocks and perform much differently because the weights of each stock may be different as well as the cover call strategy and the leverage it employs.
Luv your videos. I've changed my investing philosophy because of them. But I saw Robert Kyosaki's latest video & he says the S&P will tank this year, mainly because the banks have so many mortgages coming up this year. They were at 2% and will have to renew at 5+%. Also office space is dying, as ppl are working from home- so commercial RE is in trouble & the banks that lend to them are therefore in trouble.
I'd be wary of Robert Kyosaki. He's been a stock market bear for years because he peddles real estate seminars. Some of his seminars have also been investigated and found to be scams. You can search on yt for the Marketplace Rich Dad Poor Dad expose.
SausageKing, The problem with many predictions is that they are predictions on the economy, inflation, interest rates, unemployment, recessions, wars, and so forth. Many people mistakenly think that these are predictions on the stock market. They are not. None of these events set the direction of the market. They are just bumps on the road that are quickly forgotten or overshadowed by the next bump or smooth stretch. The one thing that is most predictable is that markets will hit new highs and eventually lose them to another bear market. But that does not mean that you cannot make money unless you sell at lows
@dkyrtata6688 agreed. I do dollar cost averaging when I buy stocks. And follow Warren Buffet's philosophy of- you only lose when you sell in a down market. But I do like to gather as much info as possible from multiple sources. Was more interested in feedback in Kyosaki's forecast. Cheers
Happy 2024 Adrian! Nothing more fitting than starting the year with the lessons learned from the previous year. 😄 For me, 2024 is going to be the year of consolidation. It's time to get lean and nice. I mean the nice dividends.
I don't agree on your GIC narrative, GIC is no risk compared to equity while getting a 5-6% yield in a high interest environment. Your equity value fluctuates and still most of them are less than 5-6% yield, if you ever had to liquidate when you are negative, you would have to take a haircut.
The US does have a great market, but for your Canadian investors, they can make over $68k of tax free dividends with Canadian eligible dividends if there is no other income other than dividends. This shouldn't be overlooked for the Canadian viewers.
For this reason, I target my taxable income below $49,000 (lowest tax bracket) even though my real income is over $65,000. The effective tax rate on Canadian dividends in Ontario is -6.86% (yes negative 6.86%). That's why I am not a pure income investor like a lot of you. Much of my portfolio is in growth oriented funds that do not pay distributions so as to not exceed my target. As such, I am not bothered by missing payments from split funds. Any shortfall of my target gets topped up at the end of the tax-year from my RRSP meltdown strategy.
I bought it in May/2023 several times averaging under $19. Prior to that, it was hovering in the $23 range like now. I am hopeful it will revisit the lows of $17 when I was buying it. I doubt it will go back to the $13 range when Adrian bought it in late 2022
No problem at all......... mine were almost all in the green & still are or very close to it. It's only a buying opportunity when they drop. I'm up to $152,000 in my TFSA all with high yield ETFs. YTLS, BANK, ENCL, BKCL, HDIF, USCL. I still have another $9,000 in cash to deploy in my TFSA which will only add more distribution to my $2100/month tax free income.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Keep your cat in the videos!! Love cats, she loves you and she is telling you so!
I learned that for me, cashflow is king. I was a pure growth investor - Now hybrid, through CC funds. I was thoroughly frustrated as a growth (only) investor and now seeing monthly cashflow gives me peace of mind. Re-investing all of it right now with FI coming soon.
FI is the real reward
@@PassiveIncomeInvesting Thanks Adriano for your channel. Making a real difference in our family.
It depends on all how old you are and what stage life you are at. if you are below 40 then you should focus on growth not income but if you are a above 40 and and have a family say, then you might want to allocate more of your portfolio to income
During the 2022 crash my portfolio dropped 50% and it occured to me that if I had a family and I lost my job during the crash, I wouldnt want to be selling my etfs at 50% loss to put food on the table so it would have been good to have some cash flowing investments
Love that you posted it, cat and all. Good info and you did get FUR-strated 😂
Formula for success in investing: Consistently invest in quality assets and think long term. There's a proverb that says: "He who saves money little by little makes it grow". It's so simple yet so many don't do it to their own detriment.Thankyou for taking the time to do these videos... you're helping a guy who's about to liquidate brick and mortar assets and use the money to invest in income producing passive investments! I really like this channel. It's exactly what I've been looking for!
Lessons learned. 1) Building my own spreadsheets made a difference. I just made changes for 2024. The numbers show I am profitable. Still down overall but cash flow profitable. I am at 12 percent of market value and 10.5 percent of invested value. 2) Adding in some Options created additional high level income. 3) After going through the split fund experience, they are not for me. I like consistent cashflow. Therefore I am prepared to take some losses over time to create more consistent income. 4) With the market swings I made gains and losses but my income increased. I hit my PII target. 5) Simple is better. I have 3 accounts I am going to sell items off to simpify things. Focus will be more multi sector as it is less work for me. I too like index funds as it does make it easy. Still want to hold some stabilizing standards. 6) I tend to take my time to sell and buy therefore I missed some opportunities but I really didn't lose any thing.
Great lessons shared Adriano!!
“Invest regularly, into quality assets with long term vision”
The adorable visit from your little cat made me smile 😀 🥰
Great lessons to carry over into 2024. I love that you didn't delete your side kick's online presence!
I always appreciate these videos as they inspire me to regularly evaluate my investment philosophy and goals.
Thanks for sharing Adrian ! For my is to Invest regularly into quality assets WITH long term vision. I follow this lesson since day 1
Lesson 5: good to have some cash around to take advantage of the sales going on of really good businesses!
Love the cat! 😂 I've been playing with passive strategies in my retirement account for the past few months. You've helped me learn. Thank you! I moved into a rental and just sold my house! I'm about to use that to generate passive income.
Great to hear!
Adrian you may want to talk more about the actual necessity of moving funds around as a passive income investor which I learned this year on my own for tax lost harvesting. I had 20k of dividends in 2023 that I was about to pay tax on (at 24%) but 30k of unrealized loss available to offset it with by doing some shuffling around which I already was needing to do for streamline purposes. I have not heard you mention that before and it's going to be a yearly necessity to realize some losses to offset the dividend gains unless you aren't working and arent making enough yields to pay tax on but people still building their portfolio need to know about this to some degree.
Lesson 2: I agree. I'd rather get the 'sure thing' every month.
Awesome video - thanks for the insights and wisdom on a wide range of topics and ideas...you truly make a difference for the community!
Also - it's great to see your cat and how patient you were being! Added some fun to the video...thanks again!
Adrian - I love the way that you convey your wisdom, through your own experiences - truly genuine and unique - my own preference is the - max series - offered through - Hamilton /
But learning is ongoing and never ends - throughout life 😊 - sending some hugs to your beautiful kitty …
Awesome! Thank you! ill hug them for you. but let me tell you they are not short on hugs lol
Make a watchlist that's one thing that I learned. I didn't have one before and it makes things a lot easier. I have a bunch of funds, mostly sector specific stuff and major indexes that I'm observing all the time. And the second one is to stop paying attention to headlines and ridiculous investing channels. Most of it is just fear porn. They're trying to sell their product. Just keep on investing. Don't stop.
I would not say to stop watching these porn channels because it is a good idea to be aware of what is happening around you and what people are thinking and fearing. Just don't kept swept away by it all.
I also have a bunch of watch lists (on the Globe and Mail) that I monitor daily. They actually provide comfort as I get used to the up-and-down patterns of each fund. And very often the patterns are in opposite directions of what all the experts are preaching. When prices get near new lows, I start buying. Can't wait til October.
@@dkyrtata6688
I'm definitely not watching Meet Kevin or any of that crap. Plus as income or even index investors you don't really need to be so informed on latest day to day news. Obviously it's good to be aware of market cycles etc....increase your knowledge, but too much information is not good either. Paralysis by analysis is real thing.
@@dkyrtata6688 I have 21 Watchlists in my Globe & Mail subscription. An incredible tool if you like to make money. You name the fund, it's on one of my watchlists. I couldn't do without them!!
Another great video from the King. Happy New Year!
Great video Adrian. A nice way to start the year!
great video...love it...and the cat part was awesome
Your cat is just adorable.😍
Great review I with you on the forward year. ❤
I got worried you were going to demonstrate the "dead cat bounce" 😮
Smart tips! Loved the cat!
Hi Adrian, you are right, the us market surpassed the cdn market. But don't underestimate some etf, like hdiv who surpassed hyld by 12%. I am happy to own both of them. 😁
Grande Adriano ! Un forte abbraccio da Caracas ❤
The lesson I learned was from an older Charlie Munger clip. I only just got back into investing since my first dabble in 1987, so I only learned this lesson in 2023. That lesson being to not diversify. I still think diversifying is the way to go for people who do not want to do any research, just want to 'invest' and hope their money is still there in 30 years without putting any further thought in to it. However, what Charlie was saying is that if you've done your research, and you've come up with a list of 25 ideas, does it really make sense to put money into your 23rd best idea? Or should you be putting your money into your top 3 ideas?
My plan to apply this method is each time I have money to invest, to narrow my choices down to a single option only. The idea will be to pick up quality companies that are out of favor, and hold them until they become overpriced. It's possible that as time goes on there will be a mish mash of holdings that give the appearance of diversification, but each will have been purchased on it's own merits, not on some strategy to spread things out. Quality companies at lower p/e multiples which pay a dividend for patiently watching the price climb over time would be ideal :)
"Invest regularly into quality assets'' and wait. It's bullet proof wisdom.
US is best .. as you say .. and thank goodness the Defiance ones are in the US
lesson 10: I've been pretty good at investing almost all dividends and distributions back into things that will generate more income...and I can see that things are really 'on sale' right now. I'm glad I bought a bit more of BMO at $118 a while ago, for example. Or buying into MREL in the last three months. I am thinking I should be taking TFSA dividends and put them into an RRSP; I don't need the income yet but could use the tax break.
Your plan to transfer your TFSA dividends into an RRSP is an interesting proposal but I am not sure if it is a good one. It depends on your exact circumstances.
Assuming you have available cash in your bank account, I would raid that first to fund your RRSP. Removing your dividend income from your TFSA allows it to continue to grow tax-free in the RRSP, but when you finally withdraw it, it will be taxed whereas withdrawing it out of your TFSA it won't.
The other consideration is that you referred to your TFSA income as "dividends." If your TFSA investments are truly earning you dividends (as opposed to capital gains or interest), you MAY be better off having those investments in a taxable account. That makes most sense if you live in Ontario with a taxable income of under $51,000 (line 26000 of your tax return). At that income threshold (for 2024) the tax rate on dividends ends up being negative 6.86%.
Adriano, what are you top 10 mistakes that you’ve made with investing? If you don’t have 10, maybe 5?
maybe another video!
@@PassiveIncomeInvesting could be a fun video to do! There's always a positive spin from our journeys
Could be an interesting video. Adrian selling Air Canada (I believe) early, right before it went through the roof a few years ago, would be one mistake (though market timing is always tough).
LOL... my cat does the same thing in the middle of business meetings. Welcome to 2024. Very cute keep him in the videos you may get more views by the cat lovers !
I love it also....... I'm a cat lover/owner
Hi Adrian, don't let your nice cat click on the computer when you are selecting etf! 😁
Excellent
Awesome video brother!
Great points. What do you think of HQU if you were a total return investor?
I'll add two more. Need more tech in the portfolio. I think most of us are very financial heavy and we don't have enough tech in our portfolios. And I'm starting to prefer the sector specifics as opposed to the all in ones. There's more versatility with that approach.
yes thats a typical Canadian problem
What are your thoughts on Ben Felix’s take on covered call ETFs?
i saw it a while ago, but only remember it being the same crap you usually hear from the critics, just in more colourful language.
Reaction Video Adrian? Ben Felix is a popular Finfluencer and he is critical of the CC strategy. He is a fan of Index Investing though. Maybe you guys could do an interview?
@@belovedsurfing7210 I don't really give a crap what Ben Felix thinks about CC ETFs! I love them & I've made a pile of money from them. My huge TFSA account is my proof. 😂💰💰💰
Who cares about Ben Felix
What would be better long term? Buying VFV and that's it for 25 years? Or Buying some combination of these covered call/leverage strategy ETFs and reinvesting all the dividends every month (never selling) for compounding for 25 years? Aka, if you don't need the money now for cash flow, is owning these ETFs and reinvesting all the dividends a legitimate long term strategy?
Happy New Year Adrian .
3:03 Agreed, the US market is king but can we also say the same about contemporary US politics which is becoming increasingly volatile, toxic and unpredictable?
As we all know, business thrives best in an atmosphere of political stability and social order.
One can only hope that business does not suffer a collateral damage as a result of unprecedented political unrest!
Businesses do not give up when faced with new challenges and constraints. Businesses figure out how to adapt to new realities including political climate . Fortunately, the stock markets are a lot more flexible. Markets (that's you) will dump any business that fails stay profitable.
The stock market long term is a wealth generating machine. Short term macro events are just bumps in the road. Keep tour eye on the prize. Dont try and link stock market with politics
Thank you so much for sharing this, Adriano. Patience is the key!
Quick question - I have been looking to streamline my portfolio this year. But I am kinda heavily invested in GDV - 1274 shares at 11.29. Would you suggest dollar cost averaging GDV until it breaks even or should I put the money somewhere else?
i suggest that only you can make that decision!
Without seeing your whole portfolio no one can possibly answer that question. Myself I've been shying away from split funds & buying high yielding ETFs instead. But that's also a personal decision.
Great video once again Adriano well done, I did not understand what you meant by index investing?
In its purest form, index investing is an ETF that holds the exact same stocks in the same proportions as the index it tracks such as the S&P 500 or the NASDAQ 100. If the index discontinues a stock, the index ETFs will do the same by selling the stock. When all index funds do this, the stock price declines since the market gets flooded with an oversupply of unwanted shares. And of course the reverse happens when a replacement stock is added to the index. Indexes do not actually hold any stocks but the ETFs that track them do.
The performance of Index funds tend to outperform the intelligence of managed funds which begs the question why invest in a more expensive managed fund when the efforts and cost of the fund manager do not provide any benefit?
When Adrian says he prefers index funds, what he really means is that he prefers these funds that are enhanced with covered calls and leverage.
ETFs that follow indexes
Such a cute cat!!! What's the cat's name?!
Sunny
i love tsly
The cat is actually telling Adriano what to say.
Never be sorry for the cat ! Lol
no 1 ... not convinced about streamlining .. that is all eggs in one basket method . .how do we know that 12 funds is better than 24 for example .. ? i do sell ones to buy others also but not to streamline .
the # of funds is quite irrelevant if they all hold the same stocks right?
It is not a science. Do what makes sense to you. Some funds may hold the same stocks and perform much differently because the weights of each stock may be different as well as the cover call strategy and the leverage it employs.
true . but some funds do better than others . or so everyone says LOL @@PassiveIncomeInvesting
thats why i dont mind having same underlying stocks in various funds @@dkyrtata6688
Luv your videos. I've changed my investing philosophy because of them. But I saw Robert Kyosaki's latest video & he says the S&P will tank this year, mainly because the banks have so many mortgages coming up this year. They were at 2% and will have to renew at 5+%. Also office space is dying, as ppl are working from home- so commercial RE is in trouble & the banks that lend to them are therefore in trouble.
stop watching predictions.... 100% useless
I'd be wary of Robert Kyosaki. He's been a stock market bear for years because he peddles real estate seminars. Some of his seminars have also been investigated and found to be scams. You can search on yt for the Marketplace Rich Dad Poor Dad expose.
SausageKing, The problem with many predictions is that they are predictions on the economy, inflation, interest rates, unemployment, recessions, wars, and so forth. Many people mistakenly think that these are predictions on the stock market. They are not. None of these events set the direction of the market. They are just bumps on the road that are quickly forgotten or overshadowed by the next bump or smooth stretch. The one thing that is most predictable is that markets will hit new highs and eventually lose them to another bear market. But that does not mean that you cannot make money unless you sell at lows
@dkyrtata6688 agreed. I do dollar cost averaging when I buy stocks. And follow Warren Buffet's philosophy of- you only lose when you sell in a down market.
But I do like to gather as much info as possible from multiple sources. Was more interested in feedback in Kyosaki's forecast. Cheers
@@AvgJoeCda me too!
GREAT VIDEO DUDE! Very informative and I couldn't stop laughing. My portfolio is 80% USCL and 20% CNCL.
lol laugh away, we will laugh together
@@PassiveIncomeInvesting your cat is awesome
@@dwaynecunningham2164 I have 2 cats so I can so relate with Adriano's cat 🐱🐱
@@henryhonda8408 cats are so awesome.
Happy 2024 Adrian! Nothing more fitting than starting the year with the lessons learned from the previous year. 😄
For me, 2024 is going to be the year of consolidation. It's time to get lean and nice. I mean the nice dividends.
hey Randal !
I enjoy cat videos.
I don't agree on your GIC narrative, GIC is no risk compared to equity while getting a 5-6% yield in a high interest environment. Your equity value fluctuates and still most of them are less than 5-6% yield, if you ever had to liquidate when you are negative, you would have to take a haircut.
The US does have a great market, but for your Canadian investors, they can make over $68k of tax free dividends with Canadian eligible dividends if there is no other income other than dividends. This shouldn't be overlooked for the Canadian viewers.
For this reason, I target my taxable income below $49,000 (lowest tax bracket) even though my real income is over $65,000.
The effective tax rate on Canadian dividends in Ontario is -6.86% (yes negative 6.86%). That's why I am not a pure income investor like a lot of you. Much of my portfolio is in growth oriented funds that do not pay distributions so as to not exceed my target. As such, I am not bothered by missing payments from split funds. Any shortfall of my target gets topped up at the end of the tax-year from my RRSP meltdown strategy.
Anyone who has JEPY didn't get your jan 4th payment? Mine never came
Lol did anyone else invest in YTSL and see it tank today?
20% yield now! Time to buy more. 🙂
Oh wow that’s good. It’s dropped nearly a dollar a share since I bought it. Hopefully it recovers, but the dividend payout on it is really good
My Average Cost for my YTSL in my TFSA is $22.53 so I'm still well ahead. If it drops back into the low $23's I'll just have to buy more!
I bought it in May/2023 several times averaging under $19. Prior to that, it was hovering in the $23 range like now. I am hopeful it will revisit the lows of $17 when I was buying it. I doubt it will go back to the $13 range when Adrian bought it in late 2022
Do you think it will go back to $25?
Income ETF's getting their azzes handed to them so far 2024..
No problem at all......... mine were almost all in the green & still are or very close to it. It's only a buying opportunity when they drop. I'm up to $152,000 in my TFSA all with high yield ETFs. YTLS, BANK, ENCL, BKCL, HDIF, USCL. I still have another $9,000 in cash to deploy in my TFSA which will only add more distribution to my $2100/month tax free income.
what are you talking about?
UPDATE: $2171/month tax free...... still $3800 left to deploy next week 💰💰💰💰
I think you should add the cat to the show full time....like your co host: Adriano y Gato