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OT: Let’s Talk About Stocks, ETFs, Crypto — NO POLITICS (Part 4)

Runner77 said:
You’re welcome. Looking for good quality Canadian ETFs in particular, so as to avoid US processing fees and conversion costs (and US withholding taxes) which I could hold in a TFSA rather than an RRSP.
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I believe I recall somebody mentioning it to you so I'm sure you're already aware of it, but XEQT is a great all in one equity ETF. I use questrade and pay no fees for buying it, and it's all I hold. Buy once a month and forget about it.

They also have different options depending on your risk tolerance and timeline, like different weightings between equity/bonds. I think they have one for every 20% (i.e 100% equity, 80% equity 20% bonds, etc etc.)

If I ever feel like dabbling in my own self managed stuff more actively I'll probably just do it on the side with a small % of my funds, but otherwise I am all XEQT.
 
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Runner77 said:
Here’s what one financial analyst is saying about investment in the current environment:

« Stay patient. Avoid emotional decisions. Focus on quality companies that can weather the storm. Keep cash ready - this volatility creates opportunities, but only for investors who don't panic. Discipline isn't optional - it's your edge. »
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This could be an indication of what’s coming soon but always best to vet with multiple sources. He claims another market selloff based on data trends he’s lifted and if reliable, that would support the above idea of keeping cash at the ready:

 
BozoTheClown said:
I got energy stocks with Embridge amd Fortis and pretty happy about it as I get a good dividend with Enbridge.

… My dividend stocks are DGS, HDIF, DFN, FFN and GDV giving me hundred of dollars a month in dividends.
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How did you get into those dividend stocks? The yields on some are really high however, I would also consider other factors. I assume they all have longstanding track records and target quality companies? Do they pay monthly? What’s the downside? I like that all of them trade on the TSX.

So many choices out there, I’m always looking for factors that help tilt the balance. Thx in advance.
 
At the 4:50 mark of this video, it is explained that you should only buy US dividend stocks in an RRSP account in order not to be subject to the US withholding tax of 15%. This is allowed via the Canada-US Tax Treaty that exempts registered accounts. The US does not recognize a TFSA as a registered account and thus it is best used for US growth stocks or Canadian stocks.

 
Runner77 said:
At the 4:50 mark of this video, it is explained that you should only buy US dividend stocks in an RRSP account in order not to be subject to the US withholding tax of 15%. This is allowed via the Canada-US Tax Treaty that exempts registered accounts. The US does not recognize a TFSA as a registered account and thus it is best used for US growth stocks or Canadian stocks.

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That's true but the US withholding tax of 15% only apply to the dividend. So if you buy a stock that does not distribute dividend it does not change anything that you hold the US stock in your RRSP or TFSA. Personaly i pay a little bit of this tax because i buy XEQT in all my account, but i prefer to do that than to pay conversion fees to buy the US stock directly.
JT3 said:
I believe I recall somebody mentioning it to you so I'm sure you're already aware of it, but XEQT is a great all in one equity ETF. I use questrade and pay no fees for buying it, and it's all I hold. Buy once a month and forget about it.

They also have different options depending on your risk tolerance and timeline, like different weightings between equity/bonds. I think they have one for every 20% (i.e 100% equity, 80% equity 20% bonds, etc etc.)

If I ever feel like dabbling in my own self managed stuff more actively I'll probably just do it on the side with a small % of my funds, but otherwise I am all XEQT.
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I also buy XEQT every week using Wealthsimple. I used to stocks picks but i like the passive approach with ETF more.
 
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Runner77 said:
How did you get into those dividend stocks? The yields on some are really high however, I would also consider other factors. I assume they all have longstanding track records and target quality companies? Do they pay monthly? What’s the downside? I like that all of them trade on the TSX.

So many choices out there, I’m always looking for factors that help tilt the balance. Thx in advance.
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Most dividends are paid quarterly or monthly.

I was looking at mid to high dividend stocks and came across those, I then looked at the dividend track record and how long and how consistently they have been paying them. I also looked at the price entry point and pull the trigger. I don’t have tens of thousands invested in each but enough to receive a couple of hundred dollars a month and if the price reach a point where I profit over 20% I might sold and wait for it to go down.

The way is see it, let’s say FFN is $5 and you put $1000 which gives you 200 shares at $ .10 every month, 200 shares X $.10 X 12 months = $240 or 24% a year on a $1000 investment is really good. Anything over 10% is a good investment.
 
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Knackys said:
That's true but the US withholding tax of 15% only apply to the dividend. So if you buy a stock that does not distribute dividend it does not change anything that you hold the US stock in your RRSP or TFSA. Personaly i pay a little bit of this tax because i buy XEQT in all my account, but i prefer to do that than to pay conversion fees to buy the US stock directly.

I also buy XEQT every week using Wealthsimple. I used to stocks picks but i like the passive approach with ETF more.
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That is correct. The US withholding tax only applies to dividends, not growth stocks.

I’m thinking of going on that XEQT bandwagon. A nice staple to buy regularly.
 
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Anyone buying SCHD? Professor G makes a good case for it (buy a lot now cause price is down or just DCA if you can’t). If you’re Canadian, you’d want it in your RRSP account.

 
Is the future in natural gas? The company cited by this analyst, GE Vernova (GEV), is seeing a lot of upward movement:

 
Anyone familiar with this guy? How reliable is he, if at all?

 
JT3 said:
I believe I recall somebody mentioning it to you so I'm sure you're already aware of it, but XEQT is a great all in one equity ETF. I use questrade and pay no fees for buying it, and it's all I hold. Buy once a month and forget about it.

They also have different options depending on your risk tolerance and timeline, like different weightings between equity/bonds. I think they have one for every 20% (i.e 100% equity, 80% equity 20% bonds, etc etc.)

If I ever feel like dabbling in my own self managed stuff more actively I'll probably just do it on the side with a small % of my funds, but otherwise I am all XEQT.
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I bought XEQT today, a little Palantir on the dip, some bitcoin just to have some, not a big position in it.

Next, will get more VOO and QQQM.

Been doing well on Celestica and TDBank.

I prefer the ETF route while dabbling in a few individual stocks.
 
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Runner77 said:
I bought XEQT today, a little Palantir on the dip, some bitcoin just to have some, not a big position in it.

Next, will get more VOO and QQQM.

Been doing well on Celestica and TDBank.

I prefer the ETF route while dabbling in a few individual stocks.
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There are huge advantages to ETFs over single stocks, so that is very wise. Single stock regardless of what it is, is always more risky.

VOO and QQQM are good, but I much prefer something like USCL and QQCL, which are covered call ETFs with 25% leverage. Literally buy and hold forever.
 
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Runner77 said:
This could be an indication of what’s coming soon but always best to vet with multiple sources. He claims another market selloff based on data trends he’s lifted and if reliable, that would support the above idea of keeping cash at the ready:

Click to expand...

Inverted Yield Curve and boatleads of country debt disagree though
 
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River Meadow said:
There are huge advantages to ETFs over single stocks, so that is very wise. Single stock regardless of what it is, is always more risky.

VOO and QQQM are good, but I much prefer something like USCL and QQCL, which are covered call ETFs with 25% leverage. Literally buy and hold forever.
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Thx for that. What is the advantage of USCL and QQCL, in simple terms? Any downside vs VOO and QQQM?
 
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Runner77 said:
Thx for that. What is the advantage of USCL and QQCL, in simple terms? Any downside vs VOO and QQQM?
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you make a much higher div on a CC ETF, but you don't get near the upside when the stock goes up. If you are div hunting I love covered calls and the ETFs. I use a company called Purpose Investments for the Tesla and other Covered Call ETF's, snoop around the site good literature there.
 
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