Investing For Beginners In Canada (10 THINGS YOU NEED TO KNOW!!)

Поделиться
HTML-код
  • Опубликовано: 7 сен 2024

Комментарии • 279

  • @beaviswealth
    @beaviswealth  4 года назад +288

    What is ONE important thing that you think people need to know when it comes the investing in the stock market in Canada? Leave your comment down below!! :D
    📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy

    • @jkwacker8225
      @jkwacker8225 4 года назад +8

      My lesson learned, REITs are taxed the same as income, don’t put them in a margin account.

    • @michaelfratipietro9674
      @michaelfratipietro9674 4 года назад +1

      mistero2 I'm still unable

    • @mst7186
      @mst7186 4 года назад +1

      You're a great teacher! Thank u for the videos !

    • @justinmcintosh3937
      @justinmcintosh3937 4 года назад +2

      Okay this is awesome information Brandon, I ate up every piece of it, thanks for this...

    • @lenlising740
      @lenlising740 4 года назад +1

      whos gonna buy my stock if im willing to sell

  • @Wynneth
    @Wynneth 4 года назад +213

    1:17 Are you ready to invest
    2:40 establishing a strategy
    4:06 always utilize sheltered accounts
    5:10 don’t only buy Canadian stocks
    6:25 Canadian vs US traded stocks
    7:41 utilize ETFs (index funds)
    9:16 research your investments
    10:50 withholding tax. US dividends (TFSA)
    12:15 learning never stops

  • @andreasschweize3902
    @andreasschweize3902 2 года назад +209

    Whatever type of investment you decide to get into, I think the key message here, or for me rather is to start investing no matter how small. Don't rush into anything you're not absolutely sure of. Then of course you can always build from there.

    • @violaalbert9174
      @violaalbert9174 2 года назад +1

      What is small? What's small for you might be pretty large for someone else.

    • @AlexGr293
      @AlexGr293 2 года назад +1

      @Bondy Joseph Well spreading your eggs in different baskets you know little or nothing about could also be risky. Knowledge is power

    • @angelikamauer3536
      @angelikamauer3536 2 года назад +1

      Yeah, I think you're right. Someone that has knowledge, not someone that has been in the business 15 mins, a well experienced person.

    • @jacobramsey5833
      @jacobramsey5833 2 года назад +1

      @@angelikamauer3536 Well these people are not easy to come by. Especially the transparent and honest ones.
      Some are just after their fees, and cuts. Not actually putting the best interests of their clients first.

    • @mitchellselena1440
      @mitchellselena1440 2 года назад +1

      He says they are not easy to come by, he didn't say they don't exist.

  • @eternalfizzer
    @eternalfizzer 4 года назад +1492

    Thank you for the primer. Is the withholding tax something that you can claim back at the end of the year? (I.e., is it managed thru CRA?) And is it charged to holdings in a TFSA?

    • @ANTHONY47814
      @ANTHONY47814 2 года назад +1

      Everything like a scam...Like putting all your financial stuff in shi

    • @rockwellantonette4238
      @rockwellantonette4238 2 года назад +1

      @@amydiscovered2665 I listened to her podcast on Nft bubble she is a Great speaker, full of humor and rhetorics. I so much loved her presentation. Hopeful she replies me soonest. Much love!

    • @katrinaotto7545
      @katrinaotto7545 2 года назад +1

      Is she reqistered if not Risky!!!

  • @davidsmiottawa
    @davidsmiottawa 3 года назад +18

    Just watch with my 11 year old son. We are going to start choosing a few stocks and learning how the market works!

  • @ArmaniV03
    @ArmaniV03 2 года назад +11

    I think as a beginner investor, I wish I was introduced to investing earlier in life.
    More than the simulations we may experience in a formal education setting, nothing gives you a true appreciation for investing like having your own real money invested.

  • @maddikerr5503
    @maddikerr5503 3 года назад +16

    Kelowna girl here! Thank you for this video.I have been having a hard time navigating what to do with my money and this video has been informative as the rest online are not for dumb bitvhes like me

  • @PassiveIncomeTom
    @PassiveIncomeTom 4 года назад +116

    *The market's down but stay invested. This could be a good time to buy some stocks on sale.* 😉

    • @nonovyoubiz6906
      @nonovyoubiz6906 4 года назад +2

      So true! For myself, it's times like this that I'm glad to not use DRIPs so I have cash to re-invest.

    • @TekkLuthor
      @TekkLuthor 3 года назад +4

      This exact philosophy is the reason I'm learning fast. Because normal things will be normal again

  • @GriffinMilks
    @GriffinMilks 4 года назад +42

    GReat advice Brandon. Getting your feet wet is the first step most need to take! Do your research and buy when there market is down (like right now).

  • @petertolentino9088
    @petertolentino9088 3 года назад +9

    Hi Brandon, Stock Market, Investing and Trading is getting clearer and clearer to me as I listen and watch to your explanations and advises, point by point. I feel like you really have that intent to help people to learn on how to grow their hard earned money. Keep it up and all the best.

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад +1

      I can see you have the zeal to invest i advice you seek the help of a professional

  • @luc000111
    @luc000111 4 года назад +4

    I am 49 years old and living in the province of Québec. I am starting to invest in stocks. Thanks you're videos are very instructive.

    • @beaviswealth
      @beaviswealth  4 года назад +1

      Thanks Luc. Excited for you :) Appreciate the comment!

    • @anne-mariel3256
      @anne-mariel3256 4 года назад

      Il est bon et simple a comprendre....

    • @IDE-YA
      @IDE-YA 4 года назад

      Luc Sirois sir where do you invest? begginer her

  • @felixleclair808
    @felixleclair808 4 года назад +6

    First thing to know -> buy some uvxy
    Second thing to do -> nothing
    Just wait till the market recover a little before selling this little gem, it’s a volatility etf so don’t be afraid of it’s volatility

  • @bereket196
    @bereket196 3 года назад +2

    What is the best stock market 📈 app please and thank you 🙏

  • @joaododesign
    @joaododesign 4 года назад +9

    hey @Brendon, for a small amount, let's say CAD1.000. Is interesting diversify and buy a bunch of different stocks or is it better focus on fewer stocks, like "stick with 4 stocks"?

  • @diverse_insightt.o6499
    @diverse_insightt.o6499 4 года назад +18

    “My name is Brandon “ *points at the word Hero*
    I caught that 😂

  • @glenpreece
    @glenpreece 3 года назад +2

    Your point about being ready is where I'm at now. I've got all my debts paid off. I have a little emergency fund put away in a savings acct. I'd like to start using the money I was paying my debts with to invest for my future.

  • @vaidehikumar9574
    @vaidehikumar9574 3 года назад +5

    Your videos are SUPER HELPFUL IN NAVIGATING new comers!!!

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад

      You are welcome id you need help on anything let me know

  • @genesm12
    @genesm12 4 года назад +3

    I'm wondering if you can possibly do a video on buying US stocks, how to make sure you're buying with USD and not borrowing. Also, how to sell (ie: how to decide on the price etc) all on questrade please! Thank you for an avid fellow Vancouver follower.
    Thank you!
    G

  • @BlitzImpulse
    @BlitzImpulse 3 года назад +9

    When investing, treat the money as a tool, and don't make decisions based on emotions.

    • @MOZParungao
      @MOZParungao 3 года назад

      I can say that I made decisions on my emotions today. It is quite difficult.

  • @VL-ef7yt
    @VL-ef7yt 4 года назад +15

    Do you have a podcast? It would be nice to listen to you on the go as well while driving. 🙂 Thanks for posting these videos!!

  • @jeremyvalenzia8949
    @jeremyvalenzia8949 4 года назад +38

    Can you make a video on different strategies for people with different financial capabilities /goals

    • @brookemiller3520
      @brookemiller3520 4 года назад +3

      yes please! I'll second this. Super beginner here.

  • @cherries4164
    @cherries4164 4 года назад +60

    This was really helpful. Especially because I'm a kid, and I'm very interested in the stock market!!

    • @legendlarry4824
      @legendlarry4824 4 года назад +2

      Is there any recommendations for any good sites for broke beginners

    • @brendanstempski8292
      @brendanstempski8292 4 года назад +8

      Legend Larry yahoo finance, apple’s stock app, and for a broker Wealthsimple trade is a 0 commission broker as long as you only buy from the tsx. It’s the easiest to understand and set up. Available on the App Store. There is also no minimum deposit so you can start with as little as $1.00

    • @brendanstempski8292
      @brendanstempski8292 4 года назад +2

      Legend Larry ETFs can be a safe and low cost option for you to start out on

    • @legendlarry4824
      @legendlarry4824 4 года назад

      Brendan Stempski ok thanks

    • @MarinelliBrosPodcast
      @MarinelliBrosPodcast 3 года назад +1

      Same

  • @jaydenbeaudoincanadianfina9794
    @jaydenbeaudoincanadianfina9794 3 года назад +15

    Great video, hardest part is to get started then keep it simple!

  • @chazzmichaels9223
    @chazzmichaels9223 3 года назад +3

    I was considering doing an “all in one” etf like vbal or vgro and I’m 35. Vgro is 80% stocks, 20% bonds and vbal is 60-40. Any input would be greatly appreciated, love your content. Just subscribed

    • @filb
      @filb 3 года назад +1

      You can't go wrong with Vgro, I put 15% of whatever income I get on that one and whatever extra I can save up, I put in dividend stocks.

  • @r.t.7925
    @r.t.7925 2 года назад +1

    Can you explain what happened to Canadian Tire stock last week (CTC TSX) Why"s the jump up?

  • @gregaustin8320
    @gregaustin8320 4 года назад +6

    Brandon if I may ask what education did you receive? And what part of your education was most useful for investing. Thank you Brandon. FYI I really enjoy your videos, especially the ones with your dad as I'm 49. Thank you for putting in the effort and your time, it is appreciated.

    • @beaviswealth
      @beaviswealth  4 года назад +1

      Hey Greg, I've done videos on the channel on my education path. I got my license at age 20 through the Canadian Securities Institute. Best part of the education process was working under my father! Thanks for the comment you're welcome, we'll keep the vids coming :)

  • @sergeis8697
    @sergeis8697 4 года назад +7

    Hi Brandon, would a Canadian ETF that tracks S&P500 also be a subject to 15% withholding tax in a TFSA?

  • @guillermozapatero2382
    @guillermozapatero2382 3 года назад +1

    Good tips especially the 15% withholding using the tfsa account.

  • @beauchampfrancois151
    @beauchampfrancois151 3 года назад +1

    Better explained than my costly financial advisor... where do I send the check?

  • @missjz85
    @missjz85 3 года назад +2

    Hey! great to see someone local from Vancouver BC to RUclips on this topic, keep up the good work! also are there any good Vancouver investing communities out there that you know of? thx!

  • @ronisworld2916
    @ronisworld2916 4 года назад +3

    What to do before opening a Brokerage acct. here in Canada for beginners? I mean, do I need to contact my Bank first to inform them this to avoid any trouble regarding Taxes, etc., etc.? - thank you in advance.

  • @JamaGreekCrew
    @JamaGreekCrew 3 года назад +4

    Whats the difference between using questrade for TFSA vs opening 1 with the bank like Td or BMo

  • @triciaanneparsons8388
    @triciaanneparsons8388 2 года назад

    Hi l just start learning about stock markets......it's some thing l always wanted to do... thank you lm watching your videos and writing and learning at the same time.

  • @EElia-bj9tp
    @EElia-bj9tp 9 месяцев назад

    Hi Brandon,
    I'm a complete novice without any knowledge about stocks. Believe it or not, I didn't grasp a lot of the jargon and points mentioned in this video. Could you please recommend any videos or resources specifically designed for beginners to better understand this subject?

  • @Friday2031
    @Friday2031 4 года назад +11

    How often do you recommend we buy ETFs? Should we buy every few months in small amounts, or should we save up and make one large purchase in the year?

    • @beaviswealth
      @beaviswealth  4 года назад +12

      That would totally depend on your specific situation but I personally take the approach of investing money every month! :)

  • @danewilliamson6874
    @danewilliamson6874 3 года назад +3

    What is a portfolio and how can I start one?

  • @megasupermario1234
    @megasupermario1234 2 года назад +2

    Does investing in stocks affect yearly tax returns or otherwise negatively impact tax returns? If I do invest in stocks do I have to change how frequently I file my taxes (yearly, quarterly, bImonthly ETC)?

    • @TimeManInJail
      @TimeManInJail Год назад

      Only when you sold your stock, it's called unrealized gain if your stock goes up but you have yet to sale it. The inverse hold true. So you don't need to file anything different if you haven't sold. If your stock decline you can file it as a loss but Im not sure how much

  • @behrouzsoroush765
    @behrouzsoroush765 2 года назад +2

    Hi Brandon how can I reach you or your father. I am in Vancouver bc. Thank you

  • @BananaMana69
    @BananaMana69 3 года назад +4

    I have money in a Tax Free Saving account through CIBC, can i use this for stock trading?

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад +1

      Yes you can, this was exactly how i started with CIBC

  • @user-qt5sh9it1q
    @user-qt5sh9it1q 3 года назад

    What do you mean by selecting the right investment option? 6:35

  • @hermes8258
    @hermes8258 5 месяцев назад

    Thanks for the basics. I have the opposite 'problem', having a non-home bias. I am much more interested in investments in Turkey, Taiwan, India and Mongolia.
    BTW, for those Canadians who choose to give up their Canadian residency (temporarily or permanently) can we keep our Canada-based trading accounts?

  • @Cannabails
    @Cannabails 2 года назад +1

    This should be a high school class

  • @MRZEROTOINFINITY
    @MRZEROTOINFINITY 4 года назад +6

    Great advice! A good strategy is the foundation to success. Totally agree. Make sure to have a strong bull thesis. And a big tip is: Don’t get emotional 😭 Especially for all Beginners our there👍

    • @cloudyjohnny
      @cloudyjohnny 4 года назад +1

      Yes, also never be hopeful, always know when to cut losses 👨🏻‍💻📈💰

    • @MRZEROTOINFINITY
      @MRZEROTOINFINITY 4 года назад +1

      Johnny Stocks That’s a tough one to decipher, but I agree. You have to cut your losses at times.

  • @tequa1608
    @tequa1608 3 года назад +1

    Can you also make a vlog discussing In detail index fund. How index fund differ from ETF? I am on my 50s and would like to own index fund. Are index fund is the same as buying individual stocks?

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад

      They are not the same if you really want to venture into this or you are into it already and you are asking this question
      That means you don't know it i will advice you seek the help of a professional

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад

      @Sarah Pork Scammer Scam Scam

  • @peterslupek6561
    @peterslupek6561 3 года назад +1

    You are doing great work on this channel sir.

  • @delphinederome1884
    @delphinederome1884 3 года назад +2

    Wow, again, great video! I am a new sub and you are my favorite. Thank you!

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад

      You are welcome do you can seek the help of professional

  • @survivalcampman
    @survivalcampman 5 дней назад

    Hey Beavis, How much will the US take in % when having dividend in your RRSP? I know its %15 in the tax free, but is it %0 in your RRSP?

  • @felipe333
    @felipe333 3 года назад +1

    6:28 very important
    10:49 15% of dividend

  • @andreamatosevic3453
    @andreamatosevic3453 3 года назад +1

    Omg can you please private tutor me? I need to take and pass the Canadian Investment Funds Course and im having major difficulty. Reading the course material is so difficult. I learn better visually. Any recommendations on sources that cover the course material? Specifically: types of investments and types of mutual funds.

  • @robwells230
    @robwells230 2 года назад

    I wish I had learned about options and had not been afeaid of them when I started. I left a lot on the table before I started selling covered calls with low deltas.

  • @TheExperimentalHomestead
    @TheExperimentalHomestead 4 года назад +1

    Brandon can you do a video on using life insurance contracts as investment tools and how to take the money out later in life. I went to a seminar on it yesterday but had to leave early 😭😭

  • @cory966
    @cory966 7 месяцев назад

    When collecting dividends or selling stock in other countries and paying foreign taxes does that mean a Canadian Citizen still has to pay Canadian taxes on that same income? Wondering about the list of taxes when investing outside of Canada as a Canadian.

  • @veesoho93
    @veesoho93 3 года назад +1

    we all should know that banks benefit from our ignorance

  • @robertfaustino3648
    @robertfaustino3648 2 года назад +1

    Hi brandon this is robert from surrey bc,i just want to ask why cant i find a certain company on wealthsimple even if i type their code?

  • @GANathan1957
    @GANathan1957 2 месяца назад

    Nice informative video. I want to know the process of opening a Demat account and I am already having saving account (checking a/c). Because in India without demand A/c you cannot enter into stock mark. So please need your advise. If you can give me the details I can check. Once again for the wonderful video for the beginners 🙏

  • @NonStopGaming15
    @NonStopGaming15 3 года назад +1

    Perfect video, thanks so much!

  • @umeshsharma843
    @umeshsharma843 3 года назад +1

    What is your take on cineplex stock, is it a buy at 9.50?
    Please let me know

  • @StrongestCreatureOnEarth
    @StrongestCreatureOnEarth 3 года назад +2

    Dear Canadians ,
    What trading platform do you guys prefer? I already do my banking with TD, looking for some advice for a complete beginner.

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад +1

      I prefer using a platform that is regulated, i also do my banking with TD
      If you need need advice talk to my mentor for guidelines

  • @sheldonsavio6818
    @sheldonsavio6818 2 года назад +2

    Hey Brandon I really like all of your videos you make complex looking processes to simple to understand. Wow I am happy i came across your channel. I had one request could you make a video on how to invest in bonds ?

  • @allanholder1018
    @allanholder1018 Год назад

    I have yet to see anyone make a proper video on how to calculate taxes from $$ made/lost from the stock market.
    So here is a basic question that I think most people who are new to stocks would like answered:
    If a person decides to play stocks, then adds $$ to Questrade, buys/sells different stocks, makes/loses $$ during trades, adds/withdraws $$ several times during the year ... here's the big question:
    HOW DO YOU CALCULATE TAXES AT THE END OF THE YEAR?
    I have gone through many many many videos here on RUclips and have yet to see a proper explanation by anyone.
    If you can, please make an in-depth video giving an example of someone doing the above. Thank you.

  • @Adrimunequita93
    @Adrimunequita93 4 года назад +1

    What are some good books or authors u recommend for a person that wants to learn more and understand the stock market more?

  • @KenanGrace
    @KenanGrace 4 года назад +2

    Notification Squad!
    I just posted a finance video.
    Then you did! Today is my lucky day! You always drop quality information!
    (Now back to the video)

    • @beaviswealth
      @beaviswealth  4 года назад +1

      Thanks Kenan! :)

    • @KenanGrace
      @KenanGrace 4 года назад

      Brandon Beavis Investing no doubt, family!

  • @rubeneliaspachecopadron3307
    @rubeneliaspachecopadron3307 4 года назад +2

    Hi Bandon! Thank you for your advice! can you talk about DRIP?

  • @kellylarocque829
    @kellylarocque829 2 года назад +1

    Thank you !

  • @mohsinalirana9354
    @mohsinalirana9354 3 года назад

    Should i use bank as a broker or look for someone else?

  • @grahamr939
    @grahamr939 4 года назад

    Know all of the ratios, what do they mean, how to apply them and where to find the numbers for the ratios. A step by step video going through this would be beneficial. or an easy spreadsheet.

    • @grahamr939
      @grahamr939 4 года назад

      OK that was more than one but it all revolves around evaluating a stock or stocks from the same area i.e. financials

  • @jesselvaldenebro2818
    @jesselvaldenebro2818 3 года назад

    I'm 17 and i already have portfolio set up in wealthsimple. I'm kinda scared because they might scam me because i keep putting money in.I don't know why i'm eligible in investing under age

  • @enochqin5497
    @enochqin5497 4 года назад +6

    I’m looking to invest about $1000 to get started, should I invest it all at once or spread it out (say $250 weekly)

    • @amitjain5236
      @amitjain5236 4 года назад

      I would suggest to split it 100 each...

    • @ncpriscilla4081
      @ncpriscilla4081 4 года назад

      Yes you can split it in two and see the profits earned . Having a good investment manager that ensures consistent profits and cuts down losses is the best. That’s why I invest with Henry lucas tradings.

  • @claudiacoulombe2276
    @claudiacoulombe2276 3 года назад +1

    Amazing video! So much info.

  • @yx3344
    @yx3344 Год назад

    Hello Brandon, awesome video, thanks. I have a question for you, if I use my TFSA account to buy share, I have TFSA limit 50,000$, if I maximize the amount, when the stock price goes up, and the total amount exceed the limit? Will I get a fine? Should I sell my stock and take some money out?
    Thanks a lot.

  • @DaRyteJuan
    @DaRyteJuan 4 года назад

    It’s a good video, Brandon, but I had to chuckle when you described the US as being “abroad.” We’re just next door, compadre. And what Canadian wouldn’t want to be invested in companies like Google or MSFT? That is a little bit humorous.

  • @faizan418
    @faizan418 3 года назад +1

    I'm. Confused. If I buy a stock 1 week before ex divident date and sell it on record date. Will I still get the divident?

  • @raymariano96
    @raymariano96 3 года назад +1

    If a person has a full time job and Trade about 3 times a week under TFSA , is this considered a business?

    • @tacotech777
      @tacotech777 3 года назад

      The CRA will let you know if you're making too much with a tax audit

  • @WillReil
    @WillReil 4 года назад +1

    Great investing advice Brandon! I actually started out investing in U.S. companies. I hope to put about 20% of my portfolio in Canadian stocks, mainly dividend stocks so I don't have to pay fees on those payments. This was a very well produced video, keep up the great work man!

  • @Oo2k10
    @Oo2k10 5 месяцев назад

    I noticed as a Canadian buying American stocks I noticed that I lose like 15% to 20% right off the bat because of foreign exchange transactions fee. Like to combat this am I supposed to convert my funds from CAD to USD? And start trading using USD? Or do I continue trading in CAD and hoping I get bigger return on my investment to offset the fee or only buy Canadian stocks? Someone help me out. I'm novice when in come to this. What's the best strategy in terms of trading American stocks from Canadians perspective?

  • @mechtech0110
    @mechtech0110 2 года назад +1

    lets go brandon

  • @mikevic9366
    @mikevic9366 3 года назад +1

    Good pointers brother good advice.

  • @tameemahossain63
    @tameemahossain63 2 года назад

    Hey Brandon could you explain Insured Retirement Plan(IRP)

  • @streamingzone9571
    @streamingzone9571 4 года назад

    Hi dear, i am trying to learn from RUclips but I prefer to go with pages ....can u suggest any canadian newspaper which includes stockmarket news??

  • @karenw3251
    @karenw3251 2 года назад

    Just found you! Thank You. Very informative.

  • @killinggiants
    @killinggiants 4 года назад

    Does anybody else hate the ads on these envesting videos

  • @Sumanoid
    @Sumanoid 3 года назад

    Hi,
    I am trying to buy a share buy this message appear. "This is a registered account. you can't enter an order for this type of security in a registered account"
    can you help me please and thank you

  • @IdeaInconclusa
    @IdeaInconclusa 3 года назад +1

    Hello, I have a LIRA, can I invest in VTSAX from Canada? Thank you!

    • @IdeaInconclusa
      @IdeaInconclusa 3 года назад

      @Brandon Beavis Investing is that a phone number?

  • @Itisme38
    @Itisme38 2 года назад +1

    Trade Safely, and Learn what a Stop Loss is or Preplan your trade(Up or Down)... Just in case the Stock Market Crashes next year.

  • @ramankhokha7806
    @ramankhokha7806 6 месяцев назад

    Can you tell me what type of licenses are required for canadian market and is there a good source to initiate my journey like learning about canadian stock market??

  • @jump312
    @jump312 4 года назад +6

    been loving the info your giving out man. your like a Canadian Graham Stephan :D :P
    keep up the hard work!

  • @ingridgualberto1970
    @ingridgualberto1970 3 года назад

    Brandon,Is there an ideal time of the day to buy a share in lower price? Thnks

  • @jyotiraikwar5249
    @jyotiraikwar5249 4 года назад

    What’s the minimum amount we can invest in stock market on monthly basis?

  • @remytv
    @remytv 2 года назад

    Hey Brandon, I really appreciate your video, I'm just shy of 40 and never really looked into investing, it was always some kind of thing I saw as un-obtainable for me, mere mortal, I never really had a family member talk to me about it or even close to understand - you are making everything so clear, it makes me realize it's not that complicated). I want to retire at 55 .. or work part time - and you are making my realize if I start investing and treat it as as "a hobby" something I look into every week, and do everything myself, I can probably get way more for my money than just putting monthly deposits in my mutual funds in the RRSPs I got through the bank... Thanks again, I appreciate your channel a lot. I feel like I understand everything now!

  • @corynolan1136
    @corynolan1136 4 года назад

    this is a great video ty for sharing one quick question? you may have a future video already explaining this which i'm on course to watching all your vids now so by the time you reply to this i may have already found the answer but just in case . If i opened a RRSP to prevent the 15% holding fee's for U.S stocks i buy does the RRSP account allow our earnings out of it at any time and if so how high is the tax that would have to be paid? :)

  • @hatemsaadaoui3603
    @hatemsaadaoui3603 10 месяцев назад

    First step do subscribe in RUclips channel and watch every single video ! Ask questions what can I do for inviting in stock what first step for beginners and how much do you need for starting ? Witch appreciation used for example I know investors Brookers and Amirtrade TD ?
    Thank you

  • @AustinPerez
    @AustinPerez 3 года назад +1

    hey Brandon, does the dividend tax credit apply to dividends generated within an RRSP? or will withdrawing the dividends fm my RRSP be considered as a cash income and not dividend income? I have maxed my TFSA and investing the extra funds in a non registered trading account to make use of the dividend tax credit after I retire. Should I invest the extra cash in an RRSP instead? Love ur channel, keep up the amazing work.

    • @zhangcromanz7393
      @zhangcromanz7393 3 года назад +1

      Hmmm do you think investing again will be the right move ?

  • @A1r2i339
    @A1r2i339 3 года назад

    is there a way where you can lose money and have to owe it to a market?

  • @marissa4029
    @marissa4029 4 года назад +1

    Are you not going to upload weekly stock market reviews anymore?

  • @lynxacres1293
    @lynxacres1293 4 года назад +1

    I was talking to someone about investing, and they were saying how you can choose an EFT stock with a target date. Have you ever done that, what do you think about it? Is that something you advocate to your clients? The person I spoke to said that depending on how far out the target date is, the stocks may be weighted more heavily to growth stocks, and then as it gets closer to the stock, rebalance to be less volatile. Thoughts?

    • @beaviswealth
      @beaviswealth  4 года назад +1

      Yeah, target date funds are great! They typically shift more and more conservatively as you get older and closer to your retirement date. Super cool option if you're looking to take a hands-off approach!

    • @lynxacres1293
      @lynxacres1293 4 года назад

      Brandon Beavis Investing where would you usually find these? Like a blackrock eft, or vanguard, or what?

  • @jeremyhamelin2561
    @jeremyhamelin2561 4 года назад +3

    I only count 9 tips...whats #10?

  • @BrZzy-nf1te
    @BrZzy-nf1te 4 года назад

    Love the videos but ive been receiving items in the mail about voting on the boards of some of my investments should i be voting in these or ignoring them

  • @rileyleavitt4218
    @rileyleavitt4218 4 года назад

    Are there stiffer tax penalties if your day trading or swing trading from a TFSA. or will you pay the same amount in taxes as if you were in a cash or margin account?

  • @asianbiker69canada
    @asianbiker69canada 4 года назад +1

    New sub here, great video. Looking forward to view all your videos!

  • @AudaciouslyMe
    @AudaciouslyMe 4 года назад

    New subbie here !! Glad to find some good information and support and fellow Vancouverite :)