Good to hear. It's really the only way. Just buy quality assets like Vancouver RE or a low cost index ETF like VIG and sit on your hands. No need to watch the financial news or try and micro manage your holdings. Instead spend that time with your family, working on your career, making and saving more money, working out & staying in shape, eating right and getting enough sleep... all the things that are in your control. Life becomes really great if you just stick to this gameplan. Finally stay clear of negative, pessimistic, angry and envious people. In other words limit your social media exposure and the mainstream media at all costs. Thanks for watching
Falling rates have been a tailwind on RE for over 30 years. We reached the zero bound rate and affordability hit all time lows. It doesn't take a genius to see that was a great time to sell. The 2022 high will be very hard to surpass in real (inflation adjusted) terms. Rates are no longer a tail wind when they can not be lowered. Outsized gains will be very hard going forward.
Possibly… but the problem is now low inventory. Listings are down. If something comes available it’s snatched up quickly for over asking price. Anything listed for more than 120days is 🗑️ 🚮
Hi Owen, would selling because you are moving to another province( montreal-->Vancouver) be a good reason to sell? The alternative is Converting the principal residence to rental and if I remember in one of your old videos it was not good idea even with a property manager. What is your opinion on that? Thanks
Moving out of province would be a good reason to sell. You could keep the unit and rent it out if it's not going to impact the quality of home your able to buy in the new city. Using a property manager can be OK.. but they are expensive. Going to take 10-15% per month. You really have to do your homework and get a good one. I would need to have more information on your financial situation but i would probably lean towards selling if your going to be moving to another province unless you think you will be back in Vancouver in a few years and again keeping your current unit is not going to hinder your new purchase in any way.
Young buyer here who is trying to get out of rental market. Is it smart to obtain a townhome with less than 20% down? Rather than having enough for a 20% down to obtain a 2bd condo?
Yes if you can get into the market with 10-15% and can comfortably afford the payments then i would buy now as opposed to waiting. However it all depends on what your buying. There are fantastic townhomes out there that are good value as well as dogs i would not touch at any price! .. same thing with condos. Make sure you get an experienced Realtor who works that area you are interested in.
Hi Owen, many thanks for your videos! You mentioned in some of your previous videos that you receive dividend checks and reinvest them. Are these from the individual stocks? Or do some S&P 500 index funds pay dividends as well? I'm asking because my RRSP is in an S&P 500 index fund, but I never receive dividend checks... Does it depend on a particular fund?
You don't physically receive a check but if you are invested in the S&P 500, for example V)) you will receive a quarterly dividend which should show up in your RRSP account
You should be seeing the dividend deposit show up as a cash deposit in your RRSP unless you have it on the dividend reinvestment program( DRIP) where you automatically buy more shares with the quarterly payment. Currently the S&P 500 index SPY or VOO pays a 1.56% quarterly dividend.
Agree its probably the lowest risk and of course least amount of time and energy required to track the s&p 500. But I think the counter point is One up On Wallstreet. These massive investment funds have to hedge their bets so much and are seriously limited by the amounts of deals they can do because of the massive amount of capital they have to deploy. That said most don't have the time patience and discipline for that. I do think it can be done by the little guy though.
With respect, your question can easily be answered by just doing little bit of research on your own and he will not spoon feed you with it but etf to track S&P, Nasdaq are generally QQQ, VOO, VFV and many others will do the same.
Thanks for posting this. As i have always preached just do the 100 hours of basic education . It will teach you everything you will need to manage your own money. Canadaiancouchpotato.com is an amazing place to start. I list all the ETF's that i hold in the back of my book. As Carscalithetics points out QQQ VOO VFV are some of them also have large holdings in VIG VXUS VYM VUG and in Canada XIC XEI
When ever I try to play the stock game, I get overly emotional, make bad trades. S&P realistically will give me the highest winning %. No point in playing around with your hard earned cash
IMO, the only book most people need to manage their own money in stock market is Unshakable by Tony Robbins/Peter Malouk. Talks about a lot of the same stuff. Every 18 yr old should be forced to read it.
I’ve seen every single video Owen posted and NO he never touched Crypto. Crypto has no intrinsic value other than the next person willing to pay more than what you paid for.
I always appreciate your consistent never wavering advice.
I appreciate that
Love your blog. I’m slowly coming round to your way if thinking Owen.
Good to hear. It's really the only way. Just buy quality assets like Vancouver RE or a low cost index ETF like VIG and sit on your hands. No need to watch the financial news or try and micro manage your holdings. Instead spend that time with your family, working on your career, making and saving more money, working out & staying in shape, eating right and getting enough sleep... all the things that are in your control. Life becomes really great if you just stick to this gameplan. Finally stay clear of negative, pessimistic, angry and envious people. In other words limit your social media exposure and the mainstream media at all costs. Thanks for watching
Falling rates have been a tailwind on RE for over 30 years. We reached the zero bound rate and affordability hit all time lows. It doesn't take a genius to see that was a great time to sell. The 2022 high will be very hard to surpass in real (inflation adjusted) terms. Rates are no longer a tail wind when they can not be lowered. Outsized gains will be very hard going forward.
Possibly… but the problem is now low inventory. Listings are down. If something comes available it’s snatched up quickly for over asking price. Anything listed for more than 120days is 🗑️ 🚮
Thanks for a great video!! Very informative as always!!!!
My pleasure! Reza
Great advice as always, set it and forget it 👍
Hi Owen, would selling because you are moving to another province( montreal-->Vancouver) be a good reason to sell? The alternative is Converting the principal residence to rental and if I remember in one of your old videos it was not good idea even with a property manager. What is your opinion on that? Thanks
Moving out of province would be a good reason to sell. You could keep the unit and rent it out if it's not going to impact the quality of home your able to buy in the new city. Using a property manager can be OK.. but they are expensive. Going to take 10-15% per month. You really have to do your homework and get a good one. I would need to have more information on your financial situation but i would probably lean towards selling if your going to be moving to another province unless you think you will be back in Vancouver in a few years and again keeping your current unit is not going to hinder your new purchase in any way.
Young buyer here who is trying to get out of rental market. Is it smart to obtain a townhome with less than 20% down? Rather than having enough for a 20% down to obtain a 2bd condo?
Yes if you can get into the market with 10-15% and can comfortably afford the payments then i would buy now as opposed to waiting. However it all depends on what your buying. There are fantastic townhomes out there that are good value as well as dogs i would not touch at any price! .. same thing with condos. Make sure you get an experienced Realtor who works that area you are interested in.
@@OwenBigland thank you for your input!!
Thanks Owen!
Hi Owen, many thanks for your videos! You mentioned in some of your previous videos that you receive dividend checks and reinvest them. Are these from the individual stocks? Or do some S&P 500 index funds pay dividends as well? I'm asking because my RRSP is in an S&P 500 index fund, but I never receive dividend checks... Does it depend on a particular fund?
You don't physically receive a check but if you are invested in the S&P 500, for example V)) you will receive a quarterly dividend which should show up in your RRSP account
You should be seeing the dividend deposit show up as a cash deposit in your RRSP unless you have it on the dividend reinvestment program( DRIP) where you automatically buy more shares with the quarterly payment. Currently the S&P 500 index SPY or VOO pays a 1.56% quarterly dividend.
Great video, very informative
Glad it was helpful!
Agree its probably the lowest risk and of course least amount of time and energy required to track the s&p 500. But I think the counter point is One up On Wallstreet. These massive investment funds have to hedge their bets so much and are seriously limited by the amounts of deals they can do because of the massive amount of capital they have to deploy. That said most don't have the time patience and discipline for that. I do think it can be done by the little guy though.
hi Owen which index funds are you in? whats the symbol? I always worry about converting my CDN to USD
With respect, your question can easily be answered by just doing little bit of research on your own and he will not spoon feed you with it but etf to track S&P, Nasdaq are generally QQQ, VOO, VFV and many others will do the same.
Thanks for posting this. As i have always preached just do the 100 hours of basic education . It will teach you everything you will need to manage your own money. Canadaiancouchpotato.com is an amazing place to start. I list all the ETF's that i hold in the back of my book. As Carscalithetics points out QQQ VOO VFV are some of them also have large holdings in VIG VXUS VYM VUG and in Canada XIC XEI
@@carscalisthenics9424 thanks for the reply. You'd have to convert CDN to USD to buy those?
When ever I try to play the stock game, I get overly emotional, make bad trades. S&P realistically will give me the highest winning %. No point in playing around with your hard earned cash
Agree buying the index takes much of the emotion out of it. You hold 500 of the best companies in the world with one holding.
IMO, the only book most people need to manage their own money in stock market is Unshakable by Tony Robbins/Peter Malouk. Talks about a lot of the same stuff. Every 18 yr old should be forced to read it.
What about you selling crypto currency
I've never owned crypto and never will. Does not meet my investment criteria.
@@OwenBigland hmm thought in a video you mentioned owning and selling it
LOL! Must be another vlogger. Why on earth would i ever invest in something like Crypto! I have zero idea about crypto or even is or how it's valued.
I’ve seen every single video Owen posted and NO he never touched Crypto. Crypto has no intrinsic value other than the next person willing to pay more than what you paid for.
@@OwenBigland cool cool cool
👍