5 Best Monthly Dividend ETFs to Buy Now 2024 | ETF Investing in Canada

Dividend ETFs, like the monthly dividend ETFs in this video, invest in companies with a proven track record of dividend payouts that are supported by predictable earnings and stable cash flows. These ETFs provide risk-averse investors with the opportunity to earn higher passive income. Questions for me? Ask me here: asqme.com/@DanishGhaziCPA
Spreadsheet featured in the video, available for download: www.buymeacoffee.com/danishgh...
What ETFs pay monthly dividends?
What ETF pays the highest dividend?
Can you get $1000 a month in dividends from ETFs?
Are dividend ETFs even worth?
If you want to supplement your income through monthly passive income, there are ETFs in Canada that pay shareholders each month. And if you’re looking for a way to earn a consistent monthly income through dividends, you will find this list of some of the best monthly dividend ETFs in Canada especially useful.
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0:00 Intro
0:53 Best Monthly Dividend ETF #1
3:01 Best Monthly Dividend ETF #2
5:17 Best Monthly Dividend ETF #3
7:24 Best Monthly Dividend ETF #4
9:06 Best Monthly Dividend ETF #5
10:50 How to Build an ETF Portfolio
Dividend-paying exchange-traded funds (ETFs) have been growing in popularity, especially among investors looking for high yields and more stability from their portfolios. Monthly dividends can be more convenient for managing cash flows and help in budgeting with a predictable income stream. These products give greater total returns if the monthly dividends are reinvested.
There are many options for monthly dividend ETF funds offered by the major firms, BlackRock, BMO, TD Asset Management. High-dividend ETFs offer a cheap, easy way to add an extra stream of income to the portfolios of retirees and new investors.
Investors looking for regular income often lean on dividend stocks. An effortless way to harness stocks that make regular payments is to purchase dividend exchange-traded funds. Dividend ETFs offer a simple and straightforward solution to getting exposure to a specific investing niche.
A dividend ETF can contain a selection of stocks that offer broad market exposure, or that focus on certain sectors based on industry, company size or region. Dividend ETFs, like all ETFs, trade like a stock throughout the market day, whereas mutual funds trade after each market close.
Disclaimer: This channel is for education purposes only and opinions expressed in this video are based on personal research and should be treated as such. These are not instructions, suggestions, nor directions as to how to handle your money. The facts and figures presented in this video are up-to-date based on the recording. These may have changed based on when you watch the video, please, always do your own due diligence! The description of this video includes Affiliate links (I get paid at no cost to you for trying out a particular service.)
#bestETFs #BestDividendETFs #financialfreedom

[@DanishGhaziCPA]

Don't miss this! BREAKING: Important 2024 Tax Changes In Canada (RRSP, TFSA, CPP, FHSA & More) -> kzbin.info/www/bejne/jIirZWhmhJdjqsk

[@DanishGhaziCPA]

Spreadsheet featured in the video, available for download: www.buymeacoffee.com/danishghazi/e/49880

[@fawzi6477]

Great informative video! I really enjoyed viewing it.

[@DanishGhaziCPA]

Awesome, thank you!

[@justinryan6880]

Very informative video. Thanks for explaining

[@DanishGhaziCPA]

Thank you Justin! Please like, share, and subscribe to my channel for more videos on tax and financial topics. Thanks for watching :)

[@SyVanG24]

and just like that i bought VDY

[@blackgrandpa7652]

My portfolio has HXQ and VDY this grows in every market condition high interest high inflation and low interest 🎉

[@darrend7764]

Definitely a great video. can you do a video with other ETF like Hamilton and Bromton management funds . Thanks

[@DanishGhaziCPA]

Great suggestion! In fact, you can check out my thoughts on Hamilton ETFs here: kzbin.info/www/bejne/qX2kqJWnrtScaJI

[@valveman12]

Happy New Year Danish. I also like VFV

[@DanishGhaziCPA]

Happy New Year! Thanks for watching :)

[@windsorsportscards7569]

Hi , what etf do you feel carry’s the least risk ? Just turned 50 and need to decide on where to invest a Lira with a value of just under 1 mil , nervous to take higher risk in my 50s now

[@DanishGhaziCPA]

Great question, something I discussed in great detail here: kzbin.info/www/bejne/jnKQZHqKYquro7s

[@VlogoholicAkash]

What about the liabilities they are liable to pay 🤔

[@adamsusanhunter1606]

Thank you for the review. After researching covered call ETF's and other more conservative Canadian based dividend ETF's my biggest concern is the erosion of Capital. For someone in the drawdown stage how does one look at ETF factsheets to confirm long term stability?

[@DanishGhaziCPA]

You’re welcome! When evaluating ETF factsheets for long-term stability, especially during the drawdown stage, here are some key aspects to consider: Expense Ratio: Lower expense ratios can help preserve capital over time. Performance History: Look at the ETF’s historical performance to gauge its consistency. Dividend Yield: Check the yield to ensure it aligns with your income needs. Holdings: Review the ETF’s top holdings to understand its exposure and risk. Risk Metrics: Analyze metrics like beta and standard deviation to assess volatility. For a more detailed analysis and personalized advice, feel free to reach out: asqme.com/@DanishGhaziCPA

[@tr41l3rp4rkb0ys]

What spread sheet is this your using how do i get it

[@DanishGhaziCPA]

Thanks for watching and leaving a comment, you can find a link to the spreadsheet in the comments section

[@1025257]

Surprised there are no Hamilton ETFs on your list... they are killing it with much higher dividends

[@DanishGhaziCPA]

Those ones specifically I have covered in a seperate video, you can check it out here: kzbin.info/www/bejne/gZvUqampd92BY6s

[@S.M3660]

Thoughts on wealthsimple?

[@DanishGhaziCPA]

Great question, I have a video on my review of Wealthsimple: kzbin.info/www/bejne/sIvKf2SbpKZ5eZY

[@arrondo7804]

MER in Canada is so high compared to USA

[@DanishGhaziCPA]

Hi, thank you for your comment. I agree that MER in Canada is generally higher than in the USA, especially for ETFs. I hope you found this video helpful and informative. Please like, share, and subscribe to my channel for more videos on tax and financial topics. Thanks for watching. 😊

[@DAMON409]

5% rate of return? You can just get a GIC for the same rate.

[@nasjon2969]

??? you get dividend + rate of return and GIC % will go down pretty soon !

[@DAMON409]

@@nasjon2969 I see. I will check it out. Thanks

[@karlblais7166]

you forgot XDIV at 0,11 MER

[@DanishGhaziCPA]

Great point, I'm personally not a big fan of XDIV and much rather choose the ones I presented in the video.

[@eric3030]

XDIV would have been the second best ETF on this list.

[@KDMusicprod]

ALMOST zero capital gains and some lossses- no thanks

[@atiyauthmani8516]

Hey, being a Muslim, shouldn't u b investing in businesses that don't necessarily make their money from riba (like banks)....would increase your viewership if u made a video shoing how to earn good dividends on halaal stocks, perhaps?

[@vikaran2hot]

Haha hey being a stupid, u should get off the KZbin and also internet because it is not halal. Morons being morons

[@DanishGhaziCPA]

Hi, thank you for your comment. I appreciate your perspective and suggestion. I understand that some Muslims may prefer to invest in businesses that are compliant with Islamic principles, such as avoiding interest, gambling, alcohol, etc. There are some ETFs that cater to this niche market, such as the iShares MSCI World Islamic ETF or the SP Funds Dow Jones Global Sukuk ETF. These ETFs screen out companies that are involved in activities that are considered haram, or forbidden, in Islam. However, not all Muslims share the same views on what constitutes a halal or permissible investment. Some may be more flexible or lenient than others, depending on their personal beliefs and interpretations of Islamic law. Some may also consider the social and environmental impact of their investments, such as supporting renewable energy, health care, education, etc. Therefore, I do not want to impose my own opinion or judgement on what is halal or haram for other Muslims. I respect the diversity and freedom of choice of my viewers, and I try to provide them with a variety of options and information that they can use to make their own decisions. My video on 5 best ETFs for monthly dividends is not meant to be a religious or moral advice, but rather a financial analysis based on objective criteria such as yield, performance, risk, diversification, etc. I hope this clarifies my position and intention. I welcome your feedback and constructive criticism, and I thank you for your support and interest in my channel. If you have any questions or suggestions for future videos, please let me know. And don't forget to like, share, and subscribe for more videos on tax and financial topics. Thanks for watching. 😊

[@Jsingh95]

Very good information. What do you think about Crypto investment? Please make video on Crypto investment if possible.

[@DanishGhaziCPA]

I actually do have a video about Crypto Investments, have a look: kzbin.info/www/bejne/kJC6gKBuaatgh6c Thanks for watching and leaving a comment :)

[@RichAngus100]

Terrible picks. Too low of yields. Zwb 7.5% Bmax 9.3% Call 12.5%

[@DanishGhaziCPA]

It's important to look at the total return, not just the yield. A high yield can still result in a negative total return if the investment loses value. Total return includes both the income from the yield and any gains or losses in the investment's value. So, a lower yield with a positive total return can be a better investment.

[@RichAngus100]

So you can predict the future? How exactly do u calculate that?