Four things that are critical to being a successful long-term investor! Leave a THUMBS UP if you enjoy! :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
Great video. I started investing young and am really starting to see the compounding and I'm just in my 30's now. Anyone who is young, start now! The behaviour is so important!
*Question why start investing ? Answer --> quote from Warren Buffett: "If you don't find a way to make money while you sleep, you will work until you die."*
going to send this one to my daughter as well! If only making money in the stock market was as easy as gaining weight! But I get it. I know what you mean about 'the plan'. I have visualised being at a goal, which makes it seem perfectly reasonable, then its easier to take the first step...then I am one step closer. Jane Siberry once sang " shoot less often, but with more care", so I gotta say behavioural AND math.
Hi Robert... not sure if you got my original reply to your comment. I had a bit of a computer glitch and it may have been lost. Thanks for your support. - Marc
@@beaviswealth I think I might make my daughter an offer; set up a RRSP stock account and I'll match any monthly contribution she makes up to $100. Or TFSA, not sure which might be best.
Thanks for another great video. These are the best series of Canadian focused videos on RUclips. One bit of feedback though. On the edits, the zoom in / out, are distracting. And to fair, your videos are not the only that does this. Seems like the I/O is becoming more of a trending YT "thing."
Great video Marc and very important!. Being a retail investor also gives you a great advantage but educated yourself first before you go that way. You will be financially independent in no time. Peter Lynch is who set my journey and how I model my portfolio.
Thank you so much for posting such valuable content, Marc! Would you do a video that gives more detail on how to set up a trust account for a minor (will there be tax considerations on capital gains if it’s not tax sheltered?) and how you will help direct their investments for the long term as a passive investor? Thank you so much!
Thanks for that very constructive feedback. Being a relative newcomer to this (FYI, You mentioned Brandon, but I'm his dad, Marc), I'm still learning the ropes on trying to up my game on the quality of the videos. I'll look into your suggestion and see what I can do! Appreciate you watching. - Marc
Was gong to start investing in January so I could benefit from Q1. Got busy, got nervous, and now I'm a bit regretful! Just going to start extra small now, since I'm in college.
Would have been nice to have started in January, but now is better than never! Glad to hear you're going to get started, and yes... just a little bit gets the ball rolling. - Marc
Estoy muy de acuerdo contigo, a veces queremos cambiar nuestra elección por cualquier motivo, solo queremos hacer algo, pero si hiciste un buen análisis y tienes buenas compañías, la mejor opción es no hacer nada. "I very much agree with you, sometimes we want to change our choice for whatever reason, we just want to do something, but if you did a good analysis and have good companies, the best option is to do nothing." Good job!
Hola Juan. Voy a escribir en ingles, porque cuando escribo en espanol es una tiempo muy largo! You are so right... it's often tempting to stray off course, but having the fundamentals down, along with a good plan, will keep you on track. Como siempre, amigo, muchas gracias. - Marc
With the very odd exception, you're bang on! Most of us don't have the shortcut... it's just doing the right things and letting time pass along. Thanks for your support. - Marc
Hi Richard. To be honest, I think starting as an advisor today is so much tougher than it was all those years ago. The industry has changed so much. I'd start by aligning myself with an established advisor, who is ethical and is willing to teach you, and be patient with you, and see how things go. Learning the ropes, then at some point feeling that you can move on doing it yourself. But... no question, it's a pretty tough road these days. All the best. - Marc
thanks for the contents. would you be able to make in future a video on what terms such as 'market cap' 'volume' 'average volume' and 'p/e' means and how valuable they are in understanding the market.
This is so informative ESPECIALLY on the story of the Tortoise and Hare - investing is definitely a long term strategy and I like to align it with buying a home, the earlier you invest in it and use a mortgage as an instrument for home ownership the better you are. I've known so many people buying a home at the pre-construction value and selling them right after the handover date - had they held on to it - they would have had a much higher return of investment! MATH - that's the hardest thing for me to decipher - what numbers constitute a stock being undervalued and what numbers constitute it being overvalued? Perhaps another video on that?
Good comment, thanks. As for over/under valued, there are different ways to look at it. We have it on our list to do a video on this at some point... so many ideas, so few days to do videos! Thanks for your support. - Marc
I would not advise to touch any China based equity as you never know what CCP regulation are imposed. I had BABA long term hold but I luckily switched to Brk.b before the CCP crackdown recently.
Hey Paul. The boys are planning to visit this summer and we might to a 'vlog' type thing, and I might do a little segment on my collection. Is scotch whisky worth the high price? Subjective, I guess, but for those (like me) who appreciate certain scotches, yes, I'd say it is. And no, I've never bought a bottle as an investment, at least an financial one. An investment in tranquility and the satisfaction that comes from sipping from a nice bottle on the right evening.... how do you put a price on that! 🙂
In most cases, that's a good strategy. It might depend on the interest rate you're paying on the debt, and whether you have other income generating assets, how close you are to retirement, etc., but generically, you could say that. - Marc
Thanks everyone. Lots to think about. I’m 40 years old, and have $15,000 car debt. I’ve wasted many precious years where I could have been investing. I do have a Manulife work pension that started around 3 years ago. At least it’s something for now
Short version, I like Bond ETFs for fixed income holdings. Back in the day I would trade individual bonds, but with the development of great bond ETFs, that's the route I've taken for many years now. I'd think for most investors, that's the way to go. Thanks for your question. - Marc
I think that behaviour/discipline is one of the biggest factors in being a successful investor. For me I have seen the benefits of regular auto deposits and ignoring the "noise" in the market. This is not to say that I do not research the securities that I am interested in prior to buying. After all, I want my money to be working as effectively. However I could very easily lose my so called "golden" stocks if I am not disciplined and try time the market for example. I have family members who followed the guide lines that Marc pointed out and they are able to retire comfortably. They invested regularly(disciplined) and it worked out just fine for them.
I started investing while having a bad debt load, would it be a good idea to take cash I have sitting in an rrsp to pay down that debt, or should I roll that cash into investments still under the rrsp umbrella?
Hi Jeff. Hard to say unless I knew your entire financial picture. This is tough, because generally paying down debt is a good idea, but withdrawing from your RRSP to do so, depending on your income, would result in tax consequences and lost contribution room. Do a cost benefit analysis if you can and go from there. Short answer, it depends. - Marc
Great video again Mark ! I'm planning on starting investing soon in some ETFs. As a canadian, is there a difference in picking an S&P500 ETF listed on the NYSE or on the TSX for my TFSA. If anyone in the comment could take the time to enlight me on that, it would be greatly appreciated.
@@pwong0227 alright thanks ! So you recommend that I always choose the ETF listed on the TSX ? What happen if I choose one on the NYSE ? I guess it’s regarding the exchange fees ?
I invested $ 200 , bought $165 in stocks but my account says I spent $173.26 , where did the extra $8.26 go? Using wealth simple. My first purchase on a Saturday.
Mathematical. Emotions create bad decisions a lot of the time. Most of the poor choices we make in life are based off of emotions. The numbers don’t lie. Making decision based on balance sheets, budgets, income, debt, profit and other number will be the better choice. Or maybe I just like numbers, lol.
Thanks for throwing out the bait. I'll leave that to each individual. Some are obvious, others take a bit more digging to figure it out, but it is an important skill to learn; to cut through the noise and listen to what makes sense. Appreciate you watching. - Marc
Buddy, you went from 12k after 10 years at 100$ a month, then you went from the expemple of 35 years at 17k, that 17k is the result of 100$ a month after 10 years, so at the end the 17k exemple is a if you started at 100$ a month 45*** years ago and not 35.
That's the point, but maybe I didn't state it correctly? 10 years of investing, then stopping and waiting for 35 years beats 35 years of investing if you start 10 years later. The $100 a month stops at 30. 10 years vs 35 years. Hope that makes sense? That was the point of the illustration.- Marc
Does the income from your tax-free savings account go towards your gross income. Of $79,000 i believe to $128,000 that the government can reduce your old age security.
Four things that are critical to being a successful long-term investor! Leave a THUMBS UP if you enjoy! :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
For those of us who didn't have a financial educated dad, we appreciate you soooo much!!!! YOU ARE OUR ADOPTED DAD 😁🥰, Thanks for the vids!
😊 Thanks. - Marc
Some nice dad financial advice comfort. Great stuff!
Thanks for watching and taking the time to comment. Cheers. - Marc
What I like about Marc is Im parenting my 2 teenagers the way Marc share his experience on youtube, It just makes me an inspirational parents.
You guys should do a video on investing on your own or hiring an advisor.
Thankyou for sharing, so much value here.
What are some things should people do before investing? Like pay debts, emergency funds, then when should we focus on investing?
Can you do a video on the current drought in Canada and how it may impact Canadian markets and stocks?
Great video. I started investing young and am really starting to see the compounding and I'm just in my 30's now. Anyone who is young, start now! The behaviour is so important!
So true, Steven. Congrats on getting started and all the best along the way. - Marc
Awesome video man!
I am quickly approaching 65. Filling up my remaining room in Rrsp contribution is my top priority now.
Great advice. I shared with my 22 & 20yr old.
Thanks for sharing, and I hope your children enjoy the video and benefit from it! - Marc
@@beaviswealth As do I. Keep up the great content.
Keep them coming Marc. Another great video with sound investing advice! I wish you were my dad...
Thank you... Appreciate your comment and nice words... - Marc
Excellent Excellent Video!! Thank you so much for all the information Marc!! I really appreciate it!!
My pleasure, and thanks for watching. - Marc
super video… behaviour in my opinion…. discipline…..
Thanks, Robert. Appreciate you weighing in. - Marc
For me it 80% Behavior 20% number crunching. You guys are great , bee
Sounds about right to me. Thanks for watching. - Marc
Thank you again for the great video Marc, as always very informative and great to watch
Thank you very much... and thanks for your support. - Marc
Excellent and entertaining
Thanks! Glad you enjoyed it. - Marc
*Question why start investing ? Answer --> quote from Warren Buffett: "If you don't find a way to make money while you sleep, you will work until you die."*
Bang on!
And nobody wants to do that, except Warren Buffet, ironically. At least it seems that way! 😊 - Marc
@@beaviswealth Warren Buffet will work until 100 😊
@@beaviswealth he just enjoy what he does I guess that's his way of having fun 🙂
Great video Mark.
Thanks and take care! - Marc
Sage, sage advise. Thank you Marc.
Thanks, Anne. We always appreciate your weighing in with your thoughts. - Marc
@@beaviswealth the very best advice being,, START.
going to send this one to my daughter as well! If only making money in the stock market was as easy as gaining weight! But I get it. I know what you mean about 'the plan'. I have visualised being at a goal, which makes it seem perfectly reasonable, then its easier to take the first step...then I am one step closer. Jane Siberry once sang " shoot less often, but with more care", so I gotta say behavioural AND math.
Hi Robert... not sure if you got my original reply to your comment. I had a bit of a computer glitch and it may have been lost. Thanks for your support. - Marc
@@beaviswealth I think I might make my daughter an offer; set up a RRSP stock account and I'll match any monthly contribution she makes up to $100. Or TFSA, not sure which might be best.
Thanks for another great video. These are the best series of Canadian focused videos on RUclips. One bit of feedback though. On the edits, the zoom in / out, are distracting. And to fair, your videos are not the only that does this. Seems like the I/O is becoming more of a trending YT "thing."
Thank you so much Marc really enjoyed your videos..Thanks for your advices I can see I will get a brighter future...
Really happy to have you along as a sub. Thanks for watching. - Marc
what a great video, omg the truth bombs you lay ahead is amazing!!!
Thanks, and we appreciate your support, as always. - Marc
Thank you!
You're welcome Dylan! - Marc
I feel attacked when you used the weight gain analogy LOL! Awesome video --from a long-time lurker.
LOL. I was speaking about myself. 😉 Thanks for lurking! - Marc
Great video Marc and very important!. Being a retail investor also gives you a great advantage but educated yourself first before you go that way. You will be financially independent in no time. Peter Lynch is who set my journey and how I model my portfolio.
Thank you so much for posting such valuable content, Marc! Would you do a video that gives more detail on how to set up a trust account for a minor (will there be tax considerations on capital gains if it’s not tax sheltered?) and how you will help direct their investments for the long term as a passive investor? Thank you so much!
Brandon, can you consider adding a denoiser to the audio to remove the background static/hissing the audio picks up?
Thanks for that very constructive feedback. Being a relative newcomer to this (FYI, You mentioned Brandon, but I'm his dad, Marc), I'm still learning the ropes on trying to up my game on the quality of the videos. I'll look into your suggestion and see what I can do! Appreciate you watching. - Marc
@@beaviswealth Thanks. I figured that Brandon was doing the editing.
Marc is a stud for sure
Was gong to start investing in January so I could benefit from Q1. Got busy, got nervous, and now I'm a bit regretful! Just going to start extra small now, since I'm in college.
Would have been nice to have started in January, but now is better than never! Glad to hear you're going to get started, and yes... just a little bit gets the ball rolling. - Marc
Love the videos can u make a video if vanguard goes out of business what would happen to your etf I own vfv
Do you and Marc have any thoughts or opinions on borrowing to invest?
Estoy muy de acuerdo contigo, a veces queremos cambiar nuestra elección por cualquier motivo, solo queremos hacer algo, pero si hiciste un buen análisis y tienes buenas compañías, la mejor opción es no hacer nada.
"I very much agree with you, sometimes we want to change our choice for whatever reason, we just want to do something, but if you did a good analysis and have good companies, the best option is to do nothing."
Good job!
Hola Juan. Voy a escribir en ingles, porque cuando escribo en espanol es una tiempo muy largo! You are so right... it's often tempting to stray off course, but having the fundamentals down, along with a good plan, will keep you on track. Como siempre, amigo, muchas gracias. - Marc
@@beaviswealth I can understand, spanish is so difficult, thanks for your answer Marc. Como siempre, gracias por toda la información!
One thing I wish I would’ve known is there’s no shortcuts to wealth.
With the very odd exception, you're bang on! Most of us don't have the shortcut... it's just doing the right things and letting time pass along. Thanks for your support. - Marc
Thanks Mark for this sound investing advice. What is your advice for those who wants to follow your steps in becoming an Investing Professional?
Hi Richard. To be honest, I think starting as an advisor today is so much tougher than it was all those years ago. The industry has changed so much. I'd start by aligning myself with an established advisor, who is ethical and is willing to teach you, and be patient with you, and see how things go. Learning the ropes, then at some point feeling that you can move on doing it yourself. But... no question, it's a pretty tough road these days. All the best. - Marc
thanks for the contents. would you be able to make in future a video on what terms such as 'market cap' 'volume' 'average volume' and 'p/e' means and how valuable they are in understanding the market.
Good suggestions, Jerico. Will add to the list for possible future videos. - Marc
Am I the only one who keeps looking for new ways to earn, save and invest? It's like a game to me.
This is so informative ESPECIALLY on the story of the Tortoise and Hare - investing is definitely a long term strategy and I like to align it with buying a home, the earlier you invest in it and use a mortgage as an instrument for home ownership the better you are. I've known so many people buying a home at the pre-construction value and selling them right after the handover date - had they held on to it - they would have had a much higher return of investment!
MATH - that's the hardest thing for me to decipher - what numbers constitute a stock being undervalued and what numbers constitute it being overvalued? Perhaps another video on that?
Good comment, thanks. As for over/under valued, there are different ways to look at it. We have it on our list to do a video on this at some point... so many ideas, so few days to do videos! Thanks for your support. - Marc
@@beaviswealth Thanks Marc I look forward to those videos in the future!!
Thoughts on DIDI?
I was thinking of buy DIDI as well.
Don't buy IPOs. Thank me later.
I would not advise to touch any China based equity as you never know what CCP regulation are imposed. I had BABA long term hold but I luckily switched to Brk.b before the CCP crackdown recently.
@@RandomFknHero Don't touch any Chinese stocks CCP can wipe them off overnight! Risk is too high compare with the benefit.
@@paull7937 Thank you 👍
Can you show us your liquor collection, is scotch whisky worth the high price these days? Have u ever bought a bottle as an 'investment'
Hey Paul. The boys are planning to visit this summer and we might to a 'vlog' type thing, and I might do a little segment on my collection. Is scotch whisky worth the high price? Subjective, I guess, but for those (like me) who appreciate certain scotches, yes, I'd say it is. And no, I've never bought a bottle as an investment, at least an financial one. An investment in tranquility and the satisfaction that comes from sipping from a nice bottle on the right evening.... how do you put a price on that! 🙂
Do you recommend getting out of debt (excluding a mortgage) before investing?
Yes, you should pay off any outstanding debts before you begin investing.
In most cases, that's a good strategy. It might depend on the interest rate you're paying on the debt, and whether you have other income generating assets, how close you are to retirement, etc., but generically, you could say that. - Marc
Some credit card balance transfers are pretty cheap, I take advantage of those
Thanks everyone. Lots to think about. I’m 40 years old, and have $15,000 car debt. I’ve wasted many precious years where I could have been investing. I do have a Manulife work pension that started around 3 years ago. At least it’s something for now
@@jasonc9727 since that car is a depreciating asset I would make it my goal to pay off that debt first, but that's just what I'd do :)
Hi Mark, what are your thoughts on Bonds vs Bond ETFs?
Short version, I like Bond ETFs for fixed income holdings. Back in the day I would trade individual bonds, but with the development of great bond ETFs, that's the route I've taken for many years now. I'd think for most investors, that's the way to go. Thanks for your question. - Marc
Thanks for the info!
I am staring late in life I have been investing %20 of income after taxes is where i still feel comfortable plus my money is not reduced by inflation
right on uncle marc!
Hey Derek!!! Thanks for watching. Nice to hear from you. - Uncle Marc
I think that behaviour/discipline is one of the biggest factors in being a successful investor. For me I have seen the benefits of regular auto deposits and ignoring the "noise" in the market. This is not to say that I do not research the securities that I am interested in prior to buying. After all, I want my money to be working as effectively. However I could very easily lose my so called "golden" stocks if I am not disciplined and try time the market for example. I have family members who followed the guide lines that Marc pointed out and they are able to retire comfortably. They invested regularly(disciplined) and it worked out just fine for them.
Very well said... thanks for taking the time to share your wisdom. - Marc
I started investing while having a bad debt load, would it be a good idea to take cash I have sitting in an rrsp to pay down that debt, or should I roll that cash into investments still under the rrsp umbrella?
Hi Jeff. Hard to say unless I knew your entire financial picture. This is tough, because generally paying down debt is a good idea, but withdrawing from your RRSP to do so, depending on your income, would result in tax consequences and lost contribution room. Do a cost benefit analysis if you can and go from there. Short answer, it depends. - Marc
Great video again Mark ! I'm planning on starting investing soon in some ETFs. As a canadian, is there a difference in picking an S&P500 ETF listed on the NYSE or on the TSX for my TFSA. If anyone in the comment could take the time to enlight me on that, it would be greatly appreciated.
VFV XUS ZSP on Canadian side. VOO on US side
@@pwong0227 alright thanks ! So you recommend that I always choose the ETF listed on the TSX ? What happen if I choose one on the NYSE ? I guess it’s regarding the exchange fees ?
You buy VOO in USD funds and involves exchange rate.
@@pwong0227 perfect, so since I’m Canadian I’m going to choose a TSX listed etf !
@@cocodubenin VFV will be my first choice on Canadian side.
Pay yourself first. There is a lot of stuff from the wealthy barber that is still relevant today.
So true... simple things, but they make a difference. Thanks. - Marc
I invested $ 200 , bought $165 in stocks but my account says I spent $173.26 , where did the extra $8.26 go? Using wealth simple. My first purchase on a Saturday.
Mathematical. Emotions create bad decisions a lot of the time. Most of the poor choices we make in life are based off of emotions. The numbers don’t lie. Making decision based on balance sheets, budgets, income, debt, profit and other number will be the better choice. Or maybe I just like numbers, lol.
I want to know which investing youtube channels you think are rubbish.
Thanks for throwing out the bait. I'll leave that to each individual. Some are obvious, others take a bit more digging to figure it out, but it is an important skill to learn; to cut through the noise and listen to what makes sense. Appreciate you watching. - Marc
Just don't get divorced, I started investing young just to give half of it away, and spend the other half on lawyers. But I did get custody of my kids
Sorry about the financial situation, but really happy you are with your children! All the best. - Marc
Hello Marc. I tried to contact you and not been successful.
*Me looking at myself in the mirror...
“Damn Mark is speaking nothing but facts...”
Thanks for your comment! And thanks for your support. Cheers. - Marc
Buddy, you went from 12k after 10 years at 100$ a month, then you went from the expemple of 35 years at 17k, that 17k is the result of 100$ a month after 10 years, so at the end the 17k exemple is a if you started at 100$ a month 45*** years ago and not 35.
That's the point, but maybe I didn't state it correctly? 10 years of investing, then stopping and waiting for 35 years beats 35 years of investing if you start 10 years later. The $100 a month stops at 30. 10 years vs 35 years. Hope that makes sense? That was the point of the illustration.- Marc
Does the income from your tax-free savings account go towards your gross income. Of $79,000 i believe to $128,000 that the government can reduce your old age security.
Hi Dave. Withdrawals from your TFSA do not count towards income. Good question. - Marc