Even for the people with all the time on their hands, nobody is beating the market the vast majority of the time... It honestly makes me really uncomfy that these guys said what they did about beating the market because they made it seem like it was way more likely than it is... I personally mess around with 10% of my portfolio in individual stocks, but no way anybody should dedicate their whole portfolio to it - they'll most likely lose
I wrote this comment before I finished the video and later on they do say that most people should own more ETFs, but even still I think they make success with individual stocks seem a lot easier than it really is
That's not a bad strategy. Stocks lets say like an NVIDIA or Tesla etc...companies that are revolutionizing the world are worth holding. And the rest can be ETF's. Better to probably just have a Canadian bank etf for example than any individual bank. Just sayin.
Thanks for an interesting conversation. I started as a DIY investor about 12 years ago trying to pick stocks, trying subscription services like Cabot, Motley Fool, etc. Results where mostly so-so. Eventually switched to ETF's and since then beats the market hands down with just 2 ETFs. 50% HTA and and 50% HQU - reinvest dividends and rebalance when needed. Average annual compound growth of 21% per year over the past 9 years (5.6x capital growth). I'm now 70 and just changed strategy because I need income from my investments: 700k in HTA will give me a steady 4.6k per month in dividends plus capital growth while 300k still in HQU will allow me to take profit from time to time to buy more HTA or spoil myself.
@@stompieandsuzie It is partly true. HQU tracks NASDAQ 100 and that is only 50% tech, and because the index is self-correcting, it will always contain the top 100 corporations in the NASDAQ irrespective of sector. Because tech is in everything that you can think of, these days, means that the tech sector will do well for a long time to come. My portfolio is for sure volatile but I'm very comfortable with it because it give me a secure income stream with no need to sell any equities in a down market. Make no sense to give up yield just for the sake of diversification.
Great to see you both together. Im an old fart of 74 and learned investing by signing up to Investihg Academy but then my eyesight started failing and i had to drop out. But i learned a lot and recommend it to anyone. Now i own ETFs 80% and the rest in stocks and bonds thanks to what i learned, from both of you especially you Marc and your conservative outlook. Continued success to you both 🙌
Not knowing anything about Brandon's life makes giving an opinion on what he should do very easy! He should go heavier on ETFs than stocks and get his dad to be on the look out for good individual stock opportunities.
Goodness gracious, the dream team! Backstreets back, alright! It feels so good seeing you two on screen again. As for the topic, I was excited when I first began investing in 2022 to go all-in with ETF’s. I was excited about the hand free diversification, one-click access to hundreds stocks. I transferred accounts to Questrade and went 99% with ETF’s. But I like to check things daily, and I’d see individual stocks doing well or doing poorly and I can’t do anything about it because I own ETF’s. So I began “diversifying” (LOL 😆) by getting into individual stocks I liked. Glad to see you two back at it together!
Really good video! I started with mutual funds not even knowing what I was doing. After some youtube videos I decided to switch to individual stocks. After around 4 years I sit down checking my portfolio performance, and watching underperform most of the time to the sp500, so I decided to why bother? And started switching gradually to etfs. But 2 years ago I saw an opportunity with tech stocks very cheap, and was buying mostly that. This year I see tech and consequently sp500 etfs too expensive, so I have been buying mostly defensive dividends stocks. I still do automatic purchases of different etfs, but with bigger chunks of money I prefer to be more strategic, and even I would like to add bigger to index etf I think now is not the best time.
I look more at the tax eligibility and implications of dividends (individual stocks) vs distributions (ETFs). You might not be able to have all your investments in a TFSA and not have to worry about taxes when drawing from those same funds. A lot of people are looking at the here and now of taxes without thought down the road and how those ETF distributions are taxed.
It's great to see you two together again. As for the stock vs ETF debate? My portfolio is all stock and it's managed by a brokerage. The reason I went the brokerage route was because I wanted to leverage the experience of a team. Having access to them via e-mail, phone is very beneficial for me. Now, the fees are expensive so that's where the ETF's come in! Passively managed and set it and forget it kinda thing! However for me to switch over, it means that I have to sell, activate a capital gain tax and deal with that! So it's prohibitive in my situation. And I like asking questions as I'm very hands on. But if you're in your 20's and just starting out? 100% ETF's. Absolutely!
Great video! I was an individual stock investor while I was younger, the portofolio grew to the point where life ended up becoming too busy and I was unable to manage it properly. Turned it over to a planner where I invested in mutual funds. Now at retirement, I have taken back all the accounts and manage a handful of ETF's on my own to fund my retirement. Have gone full circle!
I invest in both single stocks and ETF's. BMO has some great ETF's ZSP, ZWG and ZCN. I also own HDIF, HDIV and RS Reit and VDY. Seven ETF's is enough for me and the rest I like individual bank stocks, a couple growth stocks and diversify with Telus, ENB, FTS, EIF and AI, FN to give me monthly dividends.
ETF’s all the way. I started by transferring all my mutual funds over to my own investment account and took some bad advice (for my situation) and bought some investment stocks on the venture market just before Covid and everything crashed. I am slowly moving everything over to high yield etf’s. moved most of my money over to Wealth Simple with everything on drip. Just watching it grow now. The American etf’s have much higher yields. Defiance and Yieldmax. My husband did the same and his account is bringing in more than my wage. Some people are going to say too risky, but we are doing it to build up our accounts and then go to the consistent paying ETF’s like SVOL. Thank you for your video and Brandon go for the ETFs you won’t regret it with the returns. Also don’t be afraid of the American stocks.
Thanks for another video guys! Sorry for the spelling of names. Marc, I saw a comment on a past video saying something like you weren't doing enough for this channel to be of great value. I just wanted say you're crushing it and I appreciate the work you put in Brandon, it's great to see you in a video! Hope all is going well! Thanks again!
I was 100% individual stocks. I received an inheritance and put that in index funds and a covered call etf (XQQ, VFV and HYLD). I am now about 70% etfs and 30% stocks. All the stocks are in DRIPs. New money ($700/month) is in etfs.
Blend, 65% etf 35% stocks Suitable for a busy lifestyle Great topic as usual 👍🏻 Sorry couldn’t make your Montreal visit Great channel keep up the good work
24, with roughly 30k in TD right now. I see many ETF options from Hamilton and BMO, though I think for bank stocks it is better to go for individual holdings-- why pay a management fee for a firm to buy 6 holdings, when you can do the exact same yourself? Similarly, for tickers that offer covered calls; these are all options you can do yourself and with greater control. With individual bank stocks you can buy a bank you think is battered down, which you cannot do fully by just buying a bank ETF.
buying the financials is most definitely the riskiest and complicated sector what knowledge do you have at 24 to know how to analyze a bank in the first place?
Nice to see you two together on a video! I started with a Balance Mutual fund. got 13% of r5 years...that was 1986 or so! These days I am a mix of ETFs and single companies, with a focus on dividends....but I have a section of 'speculative' companies...it has been educational to watch their performance vs the more...legitimate...stocks I invested in!
Nice to see you both. Life is important, a balance is important. At 60, I would like having grand kids, this is a gift. The the end of a day if I loose or gain 100$, I am happy or sad, but if the amount is 1000$, I would be upset or in the air. So I prefer having it in mutual fund with once a year balancing but I still do stock, I like it.
What you didn't mention if yo were still in the accumulation stage. I think investing in high quality growth (like META) can be beneficial for someone who has time on their favour. Like if you stated in your early 20s. I think once you hit your first 100k its a good time to start to diversify a little bit towards growth ETFs. Also depending where you are to your retirement, income ETFs like covered calls can be good but not for someone who is in their 20s. I think its good to always reevaluate as your life and goals changes and apply strategies that will work for you. Love seeing you both, provides such a good discussion!
Love the funds, diversification with professional management. So much choice. I have the same dilemma, no time to research and monitor. I have a hybrid type portfolio, some stocks , some funds. My individual positions are all dividend growers, I bought and will hold drip the income without adding new capital. Putting $ into funds now , and dripping them as well. Total return has been steadily up and to the right overall. Achieving Achieving about 12%. Thats all that matters to me.
More like this. Great to see the different generational views. Also the evolution of life changes and the impact on the portfolio. I say simplify with ETFs like s+p 500 and then niche ETFs of specific sectors like banking or utilities to overweight to your preference or needs. The dividends of those 2 sectors are nice as an example.
Switch to ETF focused and a few long hold individual stocks. You have been teaching this idea of holding throughout your channel and courses. Remember why you wanted to build financial freedom to begin with - more time to spend with people and on things that matter more for you. Think about it, your one moment is your child's whole life (or at least a massive portion of her life). Means a lot that you can spend more time with kiddo.
I’m in the same boat as Brandon, 2 year old at home with no time. I would love to consider adjusting my individual stocks to some ETFs. Would love your thoughts and recommendations on some. S&P and TSX? A little QQQ? Thanks for the video!
VT in USD for RRSP and a balance of US total market, TSX, international and emerging. 45/ 25/25/5 for TFSA. global cap weighted index in USD for some currency diversification, benefits of tax efficiency in the RRSP, a bit more home country bias in the TFSA. you can still play around with your weightinings if you wish. I have MASSIVELY underperofrmed the market doing my own research trying to be cute with my picks. switching to all ETF 2 years ago was the smartest thing I ever did after 8-10 years of poor returns.
I go with individual stocks.. I prefer the 'index' that has a greater upside (cash reserve) known as BRK. 🙂 Also, I'm writing covered calls on my equities which is far more affordable than writing CCs on SPY.
I have two young children as well, and as you said - don't have much free time to spend on picking stocks and analyzing the market. I passively invest in the S&P 500 every two weeks (DCA). After reading The Simple Path to Wealth by JL Collins - I was convinced. Sold all my individual stocks and I'm all in on the S&P. Care free, S&P. To the moon baby 🚀🧑🚀 I invest in real estate (short term rentals) to generate cash flow. Lastly - My DCPP through my employer is 50% US Equities, 50% Global Equity Fund. I also hold a nice bag of crypto for my "risk on" investments. As you said - personal finance is PERSONAL. I'm stoked to be where I'm at as a 32 year old with many years ahead of steady growth in the market. Cheers gents!!
100% a combo of both , I’m about 65-70-% ETF’s and the rest individual stocks but most those individual ones also pay dividends , like BNS ,ENB and T about 10% of those don’t pay any dividend but those 10% are high risk
I am in the process of re-evaluating my stock/etf ratio and am leaning towards more etf/index funds and keeping just a few of my solid, well-performing individual equities. I am at a stage where I want to invest more time in enjoyable life activities with family and friends and not monitor my portfolio to the extent I have been. Sounds like that's what Brandon is doing - family time, especially with a young child, is priceless - go with ETF's if it simplifies your day to day life!
Brandon, you are in the financial field. You live and breathe this stuff every day. If there's anyone who could make a good argument for holding individual stocks, it'd be you. My work has nothing to do with the financial field and I don't have time to research individual companies in depth, so I go with ETFs. My parents earned their wealth through individual stocks because they spend their entire day digesting economic/finance/investment content. I suspect most people who invest in individual stocks don't actually do enough research. My vote for the general public is 100% ETF. For you, I say you can't go wrong either way. You could consider doing a core holding of SP500/Total market and the rest in your high conviction stocks.
As a recent retiree, I've chosen a portfolio of actively managed, covered call ETF's from several managers. It's globally diversified and diversified across the entire market. I'm at the stage in life where I don't care about capital appreciation - it's all about the income. I'm happy with the results. I don't have enough wealth to build a diversified portfolio of individual stocks that could generate the same level of income and I don't have the expertise or interest to manage such a portfolio. With the ETF's I can withdraw the distributions if needed or reinvest. Let the professionals manage the funds. Thus far, they are doing a much better job than I could!
Great topic guys - I own 2 sector specific (Hamilton) cover calls - (HMAX / UMAX) one bank stock - the cover calls are structured very well , and offer diversity and great monthly income - the bank stock offers great stability and growing yield - even throughout the worst times… / you might say the best of both worlds - and I consistently compound the income on both of these choices… so far - very satisfied…
Best choice I ever made was going the ETF route. It's been a stress relief for both myself and wife. Once our kids are older we're going to transition to a hybrid system but for now ETFs have been great for us.
Fun, but important video... Thanks for sharing your 'investing dilemma' Brandon. I've long had a hybrid portfolio, with ETF's & old school Mutual Funds (all Vanguard) dominating my tax-deferred accounts and individual stocks holding the majority in my taxable account. I'm hesitant to share what I think Brandon 'should' do, but I think this is the best course of action for him to take with his busy schedule and life's demands. His stock picking prowess should result in slightly outsized returns as compared to the indexes, which I understand isn't necessarily his goal, but is a nice place to be regardless. FWIW... One of my goals over the next couple years is to simplify my portfolio a bit, primarily thru reducing the number of positions I own, ensuring the stocks I do hold are all highest conviction names. This will likely result in my increasing my ETF exposure to some degree (likely spread across what I already own). Enjoy the time with your grandchild Marc. 💛
Hey Scott! Nice hearing from you. As always, thanks for your thoughtful comments and for sharing your strategies. First day without the little one... miss her so much, but I'm able to get more work done, that's for sure! 😁 Hope you're well. Cheers.
Always, Scott. You provided so much support to Brandon in the early days of his channel and was one of the group that inspired him to keep going. And here we are, years down the road, and you're still checking in. Can't tell you how much we appreciate that. 🙏
@@beaviswealth - I sincerely appreciate hearing that Marc; truly means a lot to me! I knew your kid had something special and it's cool to see his journey play out from afar. Cheers my friend...
Great video guys! ETFs are great if you dont have time for stocks. Definitely go hybrid. Its really hard to beat the market if you dont have time to keep up w your positions.
So how many ETFs do you own? and are they all broad market indexes or are they all more specific sectors? I've never really heard of this approach so I'm really curious
@@mediocrity412 Its called a DRIP (Dividend Re Investment Plan). Basically, once you own enough shares of a specific stock and the dividends are enough to cover the cost of 1 share, it automatically buys another share for you, free of charge. And the remaining goes into your account. With time, it compound and you'll be able to buy 2 - 3 - 4 shares automatically every month/quarter. The amount you need to qualify for a DRIP is different from stock to stock, so you have to make sure you keep an eye on the price, to make sure you can qualify for the DRIP even if the price raises drastically overnight
@@mediocrity412Qualifying for a DRIP requires a significant amount of capital that most people don't have right off the bat, and that's totally fine. Pick a stock and keep investing until you qualify, if that's the strategy you decide to go with. Also, worth mentioning, Questrade doesn't allow buying parts of share, like WealthSimple, so that's something to consider
First, you should honestly assess your investment success (total returns) the risk you've taken, versus the market index etfs you might own instead. I've actually beat the 3 and 5 year TSX and come close to tieing the S&P. But, I consider my success more luck then skill. I've been gradually migrating to etfs and recently decided to substantially increase my foriegn and bond holdings (basically taking my winnings and leaving the high risk table) and I'm doing it through passive etfs.
Thats an awesome video guys. thank you so much for the great knowledge!! times change, and we have to be the leader of our financial future or be left behind.
Personally I started picking stock and I'm not good a it the overall return was better buying a ETF so I switched to a 3 ETF portfolio and I'm happy with the return and lot less stressed out
Looking at your portfolio on blossom, diversity is obviously important to you. Like you said, keeping up on the number of positions you have is too much (I can relate obviously being at the exact same point in life), so trimming back would likely be good. Concentration in your highest conviction names, then putting the rest in index funds is likely a smart choice. You only need 3-5 individual names to still get all the benefits of individual names, with a huge relief in time requirement. If I were to make the decision to move to index funds or ETFs, I'd likely do a hybrid approach keeping 3-5 positions weighted around 10% each, then the remaining 50% in the index.
I own mostly ETFs. Since I find it fun only to make money I nibble at things that I think might outperform even if only short term while keeping most of my money in the S&P500
Here is the question guys ... Canadian TAX shot for anyone or any corp will get another huge hit ... yep ... thus if your receiving a dividend or money from a stock or etf ... those funds before you get your funds will be hit? Thus maybe you will not get hit out front .. but behind the scene you are. YES OR NO?
I miss the stock analysis you used to do... stocks that gave monthly dividends ( that's how I found PPL). why Cn is so much better than CP( I bought CP!), etc. ETF analysis is ok...but not quite as exciting!
Loved the discussion! Always great to see the Beavis Boys back together! 🙌I'll see you both in Toronto in a few weeks, can't wait! 😁
Thanks Adrian! See you next week!
For most average and busy Canadians, buying ETFs for long term is the best.
Even for the people with all the time on their hands, nobody is beating the market the vast majority of the time... It honestly makes me really uncomfy that these guys said what they did about beating the market because they made it seem like it was way more likely than it is... I personally mess around with 10% of my portfolio in individual stocks, but no way anybody should dedicate their whole portfolio to it - they'll most likely lose
I wrote this comment before I finished the video and later on they do say that most people should own more ETFs, but even still I think they make success with individual stocks seem a lot easier than it really is
Stick to the basics - Vanguard or Blackrock and alike with low MERs.
@@blackninjai
Canadian banks like CIBC and Scotia also have good funds. VG had had some issues. All holdings are similar within class or sector.
ETF's and chill...best thing i've ever done...
Can you do a video on how to set up a in trust account for kids
I’m 25% stocks & 75% ETFs. Good show & advice. I’m a boomer nearing retirement
That's not a bad strategy. Stocks lets say like an NVIDIA or Tesla etc...companies that are revolutionizing the world are worth holding. And the rest can be ETF's. Better to probably just have a Canadian bank etf for example than any individual bank. Just sayin.
@@jumbothompson I do have a CDN bank etf rather than idividual stock..
Thanks for an interesting conversation. I started as a DIY investor about 12 years ago trying to pick stocks, trying subscription services like Cabot, Motley Fool, etc. Results where mostly so-so. Eventually switched to ETF's and since then beats the market hands down with just 2 ETFs. 50% HTA and and 50% HQU - reinvest dividends and rebalance when needed. Average annual compound growth of 21% per year over the past 9 years (5.6x capital growth). I'm now 70 and just changed strategy because I need income from my investments: 700k in HTA will give me a steady 4.6k per month in dividends plus capital growth while 300k still in HQU will allow me to take profit from time to time to buy more HTA or spoil myself.
You're essentially 100% invested in the Tech Sector only?
@@stompieandsuzie It is partly true. HQU tracks NASDAQ 100 and that is only 50% tech, and because the index is self-correcting, it will always contain the top 100 corporations in the NASDAQ irrespective of sector. Because tech is in everything that you can think of, these days, means that the tech sector will do well for a long time to come. My portfolio is for sure volatile but I'm very comfortable with it because it give me a secure income stream with no need to sell any equities in a down market. Make no sense to give up yield just for the sake of diversification.
Great to see you both together. Im an old fart of 74 and learned investing by signing up to Investihg Academy but then my eyesight started failing and i had to drop out. But i learned a lot and recommend it to anyone. Now i own ETFs 80% and the rest in stocks and bonds thanks to what i learned, from both of you especially you Marc and your conservative outlook. Continued success to you both 🙌
Not knowing anything about Brandon's life makes giving an opinion on what he should do very easy! He should go heavier on ETFs than stocks and get his dad to be on the look out for good individual stock opportunities.
lol brandons so lucky to have a dad thats like his best friend
Agreed. I also had the same blessing. My dad was my best friend.
@@Israesther777 Not only his best friend, but also can teach him so many things in life, I wish I had a dad like that.
Goodness gracious, the dream team! Backstreets back, alright!
It feels so good seeing you two on screen again.
As for the topic, I was excited when I first began investing in 2022 to go all-in with ETF’s. I was excited about the hand free diversification, one-click access to hundreds stocks.
I transferred accounts to Questrade and went 99% with ETF’s. But I like to check things daily, and I’d see individual stocks doing well or doing poorly and I can’t do anything about it because I own ETF’s. So I began “diversifying” (LOL 😆) by getting into individual stocks I liked.
Glad to see you two back at it together!
Really good video! I started with mutual funds not even knowing what I was doing. After some youtube videos I decided to switch to individual stocks. After around 4 years I sit down checking my portfolio performance, and watching underperform most of the time to the sp500, so I decided to why bother? And started switching gradually to etfs. But 2 years ago I saw an opportunity with tech stocks very cheap, and was buying mostly that. This year I see tech and consequently sp500 etfs too expensive, so I have been buying mostly defensive dividends stocks.
I still do automatic purchases of different etfs, but with bigger chunks of money I prefer to be more strategic, and even I would like to add bigger to index etf I think now is not the best time.
I look more at the tax eligibility and implications of dividends (individual stocks) vs distributions (ETFs). You might not be able to have all your investments in a TFSA and not have to worry about taxes when drawing from those same funds. A lot of people are looking at the here and now of taxes without thought down the road and how those ETF distributions are taxed.
It's great to see you two together again. As for the stock vs ETF debate? My portfolio is all stock and it's managed by a brokerage. The reason I went the brokerage route was because I wanted to leverage the experience of a team. Having access to them via e-mail, phone is very beneficial for me. Now, the fees are expensive so that's where the ETF's come in! Passively managed and set it and forget it kinda thing! However for me to switch over, it means that I have to sell, activate a capital gain tax and deal with that! So it's prohibitive in my situation. And I like asking questions as I'm very hands on. But if you're in your 20's and just starting out? 100% ETF's. Absolutely!
Great video! I was an individual stock investor while I was younger, the portofolio grew to the point where life ended up becoming too busy and I was unable to manage it properly. Turned it over to a planner where I invested in mutual funds. Now at retirement, I have taken back all the accounts and manage a handful of ETF's on my own to fund my retirement. Have gone full circle!
I invest in both single stocks and ETF's. BMO has some great ETF's ZSP, ZWG and ZCN. I also own HDIF, HDIV and RS Reit and VDY. Seven ETF's is enough for me and the rest I like individual bank stocks, a couple growth stocks and diversify with Telus, ENB, FTS, EIF and AI, FN to give me monthly dividends.
ETF’s all the way. I started by transferring all my mutual funds over to my own investment account and took some bad advice (for my situation) and bought some investment stocks on the venture market just before Covid and everything crashed. I am slowly moving everything over to high yield etf’s. moved most of my money over to Wealth Simple with everything on drip. Just watching it grow now. The American etf’s have much higher yields. Defiance and Yieldmax. My husband did the same and his account is bringing in more than my wage. Some people are going to say too risky, but we are doing it to build up our accounts and then go to the consistent paying ETF’s like SVOL. Thank you for your video and Brandon go for the ETFs you won’t regret it with the returns. Also don’t be afraid of the American stocks.
I have both ETFs and stocks. I made sure nothing is overlapped so I’m not overexposed to companies
Thanks for another video guys!
Sorry for the spelling of names.
Marc, I saw a comment on a past video saying something like you weren't doing enough for this channel to be of great value. I just wanted say you're crushing it and I appreciate the work you put in
Brandon, it's great to see you in a video! Hope all is going well!
Thanks again!
I was 100% individual stocks. I received an inheritance and put that in index funds and a covered call etf (XQQ, VFV and HYLD). I am now about 70% etfs and 30% stocks. All the stocks are in DRIPs. New money ($700/month) is in etfs.
Stocks and ETFs is the best answer. Good luck for all of us.
Blend, 65% etf 35% stocks
Suitable for a busy lifestyle
Great topic as usual 👍🏻
Sorry couldn’t make your Montreal visit
Great channel keep up the good work
24, with roughly 30k in TD right now. I see many ETF options from Hamilton and BMO, though I think for bank stocks it is better to go for individual holdings-- why pay a management fee for a firm to buy 6 holdings, when you can do the exact same yourself? Similarly, for tickers that offer covered calls; these are all options you can do yourself and with greater control. With individual bank stocks you can buy a bank you think is battered down, which you cannot do fully by just buying a bank ETF.
buying the financials is most definitely the riskiest and complicated sector what knowledge do you have at 24 to know how to analyze a bank in the first place?
Nice to see you two together on a video! I started with a Balance Mutual fund. got 13% of r5 years...that was 1986 or so! These days I am a mix of ETFs and single companies, with a focus on dividends....but I have a section of 'speculative' companies...it has been educational to watch their performance vs the more...legitimate...stocks I invested in!
Nice to see you both. Life is important, a balance is important. At 60, I would like having grand kids, this is a gift. The the end of a day if I loose or gain 100$, I am happy or sad, but if the amount is 1000$, I would be upset or in the air. So I prefer having it in mutual fund with once a year balancing but I still do stock, I like it.
Do a comparison. Your portfolio performance vs buying VSP or VFV
If their individual stock portfolios outperformed the S&P500 then they absolutely would have... problem is they almost definitely don't
What you didn't mention if yo were still in the accumulation stage. I think investing in high quality growth (like META) can be beneficial for someone who has time on their favour. Like if you stated in your early 20s. I think once you hit your first 100k its a good time to start to diversify a little bit towards growth ETFs. Also depending where you are to your retirement, income ETFs like covered calls can be good but not for someone who is in their 20s. I think its good to always reevaluate as your life and goals changes and apply strategies that will work for you. Love seeing you both, provides such a good discussion!
I'm liking a variety of Covered Call ETFs. I like the distributions every month allowing me to realize my gains monthly.
Love the funds, diversification with professional management. So much choice. I have the same dilemma, no time to research and monitor. I have a hybrid type portfolio, some stocks , some funds. My individual positions are all dividend growers, I bought and will hold drip the income without adding new capital. Putting $ into funds now , and dripping them as well. Total return has been steadily up and to the right overall. Achieving Achieving about 12%. Thats all that matters to me.
More like this. Great to see the different generational views. Also the evolution of life changes and the impact on the portfolio. I say simplify with ETFs like s+p 500 and then niche ETFs of specific sectors like banking or utilities to overweight to your preference or needs. The dividends of those 2 sectors are nice as an example.
Switch to ETF focused and a few long hold individual stocks. You have been teaching this idea of holding throughout your channel and courses. Remember why you wanted to build financial freedom to begin with - more time to spend with people and on things that matter more for you.
Think about it, your one moment is your child's whole life (or at least a massive portion of her life). Means a lot that you can spend more time with kiddo.
I’m in the same boat as Brandon, 2 year old at home with no time. I would love to consider adjusting my individual stocks to some ETFs. Would love your thoughts and recommendations on some. S&P and TSX? A little QQQ? Thanks for the video!
xeqt, xiu, xuu, vfv, tec, etc
VT in USD for RRSP and a balance of US total market, TSX, international and emerging. 45/ 25/25/5 for TFSA. global cap weighted index in USD for some currency diversification, benefits of tax efficiency in the RRSP, a bit more home country bias in the TFSA. you can still play around with your weightinings if you wish. I have MASSIVELY underperofrmed the market doing my own research trying to be cute with my picks. switching to all ETF 2 years ago was the smartest thing I ever did after 8-10 years of poor returns.
I go with individual stocks..
I prefer the 'index' that has a greater upside (cash reserve) known as BRK. 🙂
Also, I'm writing covered calls on my equities which is far more affordable than writing CCs on SPY.
I have two young children as well, and as you said - don't have much free time to spend on picking stocks and analyzing the market. I passively invest in the S&P 500 every two weeks (DCA). After reading The Simple Path to Wealth by JL Collins - I was convinced. Sold all my individual stocks and I'm all in on the S&P. Care free, S&P. To the moon baby 🚀🧑🚀
I invest in real estate (short term rentals) to generate cash flow.
Lastly - My DCPP through my employer is 50% US Equities, 50% Global Equity Fund.
I also hold a nice bag of crypto for my "risk on" investments.
As you said - personal finance is PERSONAL. I'm stoked to be where I'm at as a 32 year old with many years ahead of steady growth in the market. Cheers gents!!
100% a combo of both , I’m about 65-70-% ETF’s and the rest individual stocks but most those individual ones also pay dividends , like BNS ,ENB and T about 10% of those don’t pay any dividend but those 10% are high risk
I am in the process of re-evaluating my stock/etf ratio and am leaning towards more etf/index funds and keeping just a few of my solid, well-performing individual equities. I am at a stage where I want to invest more time in enjoyable life activities with family and friends and not monitor my portfolio to the extent I have been. Sounds like that's what Brandon is doing - family time, especially with a young child, is priceless - go with ETF's if it simplifies your day to day life!
Brandon, you are in the financial field. You live and breathe this stuff every day. If there's anyone who could make a good argument for holding individual stocks, it'd be you. My work has nothing to do with the financial field and I don't have time to research individual companies in depth, so I go with ETFs. My parents earned their wealth through individual stocks because they spend their entire day digesting economic/finance/investment content. I suspect most people who invest in individual stocks don't actually do enough research.
My vote for the general public is 100% ETF. For you, I say you can't go wrong either way. You could consider doing a core holding of SP500/Total market and the rest in your high conviction stocks.
As a recent retiree, I've chosen a portfolio of actively managed, covered call ETF's from several managers. It's globally diversified and diversified across the entire market. I'm at the stage in life where I don't care about capital appreciation - it's all about the income. I'm happy with the results. I don't have enough wealth to build a diversified portfolio of individual stocks that could generate the same level of income and I don't have the expertise or interest to manage such a portfolio. With the ETF's I can withdraw the distributions if needed or reinvest. Let the professionals manage the funds. Thus far, they are doing a much better job than I could!
Great topic guys - I own 2 sector specific (Hamilton) cover calls - (HMAX / UMAX) one bank stock - the cover calls are structured very well , and offer diversity and great monthly income - the bank stock offers great stability and growing yield - even throughout the worst times… / you might say the best of both worlds - and I consistently compound the income on both of these choices… so far - very satisfied…
enjoy under performing the market Branden...so obvious to XEQT and Chill...no brainer...
Best choice I ever made was going the ETF route. It's been a stress relief for both myself and wife. Once our kids are older we're going to transition to a hybrid system but for now ETFs have been great for us.
😂what a dad -son deep conversation lol! . Great to see you two again 😃
Nice to hear from you Carol! Hope all is well.
Fun, but important video... Thanks for sharing your 'investing dilemma' Brandon.
I've long had a hybrid portfolio, with ETF's & old school Mutual Funds (all Vanguard) dominating my tax-deferred accounts and individual stocks holding the majority in my taxable account.
I'm hesitant to share what I think Brandon 'should' do, but I think this is the best course of action for him to take with his busy schedule and life's demands. His stock picking prowess should result in slightly outsized returns as compared to the indexes, which I understand isn't necessarily his goal, but is a nice place to be regardless.
FWIW... One of my goals over the next couple years is to simplify my portfolio a bit, primarily thru reducing the number of positions I own, ensuring the stocks I do hold are all highest conviction names. This will likely result in my increasing my ETF exposure to some degree (likely spread across what I already own).
Enjoy the time with your grandchild Marc. 💛
Hey Scott! Nice hearing from you. As always, thanks for your thoughtful comments and for sharing your strategies.
First day without the little one... miss her so much, but I'm able to get more work done, that's for sure! 😁 Hope you're well. Cheers.
@@beaviswealth - I appreciate you taking the time to respond Marc. Cheers to you as well. 🤝
Always, Scott. You provided so much support to Brandon in the early days of his channel and was one of the group that inspired him to keep going. And here we are, years down the road, and you're still checking in. Can't tell you how much we appreciate that. 🙏
@@beaviswealth - I sincerely appreciate hearing that Marc; truly means a lot to me! I knew your kid had something special and it's cool to see his journey play out from afar. Cheers my friend...
Great video guys! ETFs are great if you dont have time for stocks. Definitely go hybrid. Its really hard to beat the market if you dont have time to keep up w your positions.
I always like a hybrid mix 🙂. Howev er, I will admit that my mix leans much heavier to individual stocks atm.
I have a mix of both. I have dividend focused ETFs, sp500 etf and, the rest of my money in google and nvidia stocks (post split)
I agree with PILOT and Britannica.
I get enough shares of an ETF that when the dividend comes in it can repurchase a new share. Then I move on to another ETF.
So how many ETFs do you own? and are they all broad market indexes or are they all more specific sectors? I've never really heard of this approach so I'm really curious
DRIP is THE way 👍
@@mediocrity412 Its called a DRIP (Dividend Re Investment Plan). Basically, once you own enough shares of a specific stock and the dividends are enough to cover the cost of 1 share, it automatically buys another share for you, free of charge. And the remaining goes into your account. With time, it compound and you'll be able to buy 2 - 3 - 4 shares automatically every month/quarter. The amount you need to qualify for a DRIP is different from stock to stock, so you have to make sure you keep an eye on the price, to make sure you can qualify for the DRIP even if the price raises drastically overnight
@@mediocrity412Qualifying for a DRIP requires a significant amount of capital that most people don't have right off the bat, and that's totally fine. Pick a stock and keep investing until you qualify, if that's the strategy you decide to go with. Also, worth mentioning, Questrade doesn't allow buying parts of share, like WealthSimple, so that's something to consider
just buy XEQT!
First, you should honestly assess your investment success (total returns) the risk you've taken, versus the market index etfs you might own instead. I've actually beat the 3 and 5 year TSX and come close to tieing the S&P. But, I consider my success more luck then skill. I've been gradually migrating to etfs and recently decided to substantially increase my foriegn and bond holdings (basically taking my winnings and leaving the high risk table) and I'm doing it through passive etfs.
Interesting Conversation!
It's so enjoyable watching you two getting along like peas and carrots. How do you find out if an ETF allows you to DRIP?
Make lots of sense
I made the switch. No regrets.
Thats an awesome video guys. thank you so much for the great knowledge!! times change, and we have to be the leader of our financial future or be left behind.
Thank you!
Go for it Brandon .... I'm ETF team all the way
Personally I started picking stock and I'm not good a it the overall return was better buying a ETF so I switched to a 3 ETF portfolio and I'm happy with the return and lot less stressed out
Looking at your portfolio on blossom, diversity is obviously important to you. Like you said, keeping up on the number of positions you have is too much (I can relate obviously being at the exact same point in life), so trimming back would likely be good.
Concentration in your highest conviction names, then putting the rest in index funds is likely a smart choice. You only need 3-5 individual names to still get all the benefits of individual names, with a huge relief in time requirement.
If I were to make the decision to move to index funds or ETFs, I'd likely do a hybrid approach keeping 3-5 positions weighted around 10% each, then the remaining 50% in the index.
Cool video! Thank you! Also, love Blossom! 😁💯
I own mostly ETFs. Since I find it fun only to make money I nibble at things that I think might outperform even if only short term while keeping most of my money in the S&P500
If you had put $100 in the SPY about 35 years ago you would have about $400,000 now that’s not bad
Here is the question guys ... Canadian TAX shot for anyone or any corp will get another huge hit ... yep ... thus if your receiving a dividend or money from a stock or etf ... those funds before you get your funds will be hit? Thus maybe you will not get hit out front .. but behind the scene you are. YES OR NO?
Leveraged etfs
Vfv , qqc & vdy 💯
vfv and chill
Good investors do both lol
I miss the stock analysis you used to do... stocks that gave monthly dividends ( that's how I found PPL). why Cn is so much better than CP( I bought CP!), etc. ETF analysis is ok...but not quite as exciting!