How to build an ETF Portfolio at RBC Direct Investing

[@JustinBenderCPM]

Please note that PWL Capital Inc. has no affiliation to RBC Direct Investing and is publishing this video for the use of its clients. This content is published by PWL Capital Inc. for educational purposes only.

[@lipige]

Justin Bender can you do a USA market and do Apple company please

[@skube]

I really appreciate how you explain precisely and fully each time. These are more useful than any tutorial supplied by the banks themselves. I find it fascinating to compare the process and design between each. It's interesting that not all dashboards show the percentage of portfolio that each fund uses. Thanks for muting the distracting music track too!

[@JustinBenderCPM]

@skube: I'm glad you like the set-up of the videos. I always find that certain nuances are lost if you don't explain the entire process from start to finish.I'll definitely keep the background music to a minimum for future videos ;)

[@sophiemo7278]

Hello Justin, thank you for your video. 3 years later I am wondering if your instructions are still mostly accurate. Also can I start a ETF Portfolio with money from a TFSA account? Thanks

[@CommandoMaster]

How can you view the types of stocks you can buy? Can you buy Amazon, Google, Apple, etc?

[@youtubers-p5t]

Yes you can. When you google the company it gives you the ticker symbol. Then give the ticker here. Will provide current bid/ask prices same as it shows.

[@lindaobiagelichigbo4311]

Knowing what you know now, would you still recommend this platform?

[@Beberle5625]

Where do you get the 20% you multiply the whole value by what is that percent number and where does that number come from? I’m new to this just reading up on tutorials and such now any insight would be appreciated.

[@JustinBenderCPM]

@Brian Ebs: The percentage figures are taken from my model ETF portfolios (which have changed slightly since I recorded these videos): www.canadianportfoliomanagerblog.com/model-etf-portfolios/

[@film_magician]

So if I want to add money to my EFT (buy more EFT's every month) it's $10 every time??

[@aunushanambigaipagan2103]

Great video! How can one buy/invest in mutual funds within rbc?

[@moeb2035]

Excellent informative video keep up the good work sir How r u calculating target allocation?

[@brucedao2360]

Hey justin thank you for all the good content. At what amount in $ would you recommand buying individual stocks and rebalancing instead of buying veqt or vt?

[@JustinBenderCPM]

@Bruce Dao - you're very welcome! Until your personal portfolio is worth around a billion dollars, I wouldn't recommend buying individual stocks and rebalancing instead of buying broadly-diversified ETFs (so ... never ;)

[@brucedao2360]

@@JustinBenderCPM Sorry that wasn't the question. I meant balancing myself individual ETF'S vs paying higher MER all-in one etf's like VEQT and VT.

[@JustinBenderCPM]

@@brucedao2360 - My apologies for the misunderstanding. Most investors should probably stick to the all-in one ETFs, but there could certain circumstances where it makes sense to buy individual ETFs. Here's an article I wrote on the topic that should help you decide: www.canadianportfoliomanagerblog.com/when-should-i-dump-veqt-or-should-i/

[@noahalexander2265]

I am just learning about DIY investing and ETFs since I started subscribing to money sense. It all seems a little overwhelming. Is there a service out there that is somewhere between the high priced financial advisors and the complete DIY stream?

[@JustinBenderCPM]

@Noah Alexander: I started a fee-only "DIY Investor Service" a number of years ago, but I had to phase it out due to the time involved. If your portfolio is modest in size (and mainly just RRSPs and TFSAs), it's likely best to educate yourself to become a better DIY investor. If your account is larger, you should be able to find a reasonably-priced, competent advisor to help you.

[@mythical.Cels143]

can you buy stocks around the world and even cryptocurrency?

[@chogno98]

Excellent video. If I may ask a somehow related question... In your Canadian Couch Potato model portfolios you recommend ETFs "when a portfolio is at least $50,000 or so". Why should someone with just over $15,000 not start a portfolio of Vanguard ETF index funds at RBC Direct Investing, say under a TFSA?

[@JustinBenderCPM]

@chogno98: I don't see anything wrong with setting up an ETF portfolio at RBC Direct Investing for about $15,000 - you just have to keep trading costs to a minimum (I would probably build a 3 ETF portfolio instead of a 5 ETF portfolio, and only invest my cash annually). As a note, the $50,000 comment you mentioned is from my colleague, the Canadian Couch Potato (a.k.a. Dan Bortolotti).

[@chogno98]

Thank you very much Justin. A 3-fund portfolio (VCN, VXC, VAB) is what I had in mind. Cheers!

[@JustinBenderCPM]

@chogno98: Sounds like a plan - let me know how it goes! :)

[@rotaxrider]

Justin Bender If I now have 3 ETFs to invest in, when I do it’s going to cost me three times the cost in trading commissions right? New subscriber by the way 👍

[@richardopakanza1981]

Hello Justin, Do i have to pay commission / fee in every i place an order? or only if the transaction went through or completed sell or buy. Thank you.

[@JustinBenderCPM]

@Richardo Pakanza: For day trades (which expire at the end of the trading day), you will pay a commission if even a portion of the trade fills before the end of day.

[@bryanhalwai3485]

Thanks for the great video, but can you also make similiar video on how to sell them, and how much fee/tax you need pay, and how much will be your total gain (if you have any profit). Thank you.

[@JustinBenderCPM]

@Bishal Halwai: I plan on creating a video on tracking the adjusted cost base of your ETFs in the near future - stay tuned! :)

[@Penniez]

Why did you put VUN as symbol and where do you put what stock you want to buy where

[@JustinBenderCPM]

@Brandon Reaburn: This is all explained in the video. Exchange-Traded Funds (ETFs) are purchased instead of individual stocks though.

[@tylerg7668]

Hi Justin, great thanks for your videos and info you have made available to people like me (who have no idea how to invest on their own)! Quick question, is it possible to purchase ETF with locked in retirement funds? If so, where do I find info on this?

[@JustinBenderCPM]

@Tyler G: ETFs can be purchased in a locked-in retirement account (LIRA) at your discount brokerage - the process of placing the trades is identical to the one I show in my videos.

[@JungleEddie]

Within my portfolio I want to include a bi-weekly $150 contribution. I currently use a mutual fund but would prefer an ETF. Is there a way to set this up without getting killed by commissions?

[@JustinBenderCPM]

@JungleEddie - You could consider switching to a brokerage that doesn't charge trading commissions on ETF purchases (such as Questrade or National Bank Direct Brokerage).

[@leniljoy6556]

How did you come with the 20%

[@JustinBenderCPM]

@lenil joy: The weights are from my model ETF portfolios: www.canadianportfoliomanagerblog.com/model-etf-portfolios/

[@youtubers-p5t]

Hi Justin... do you think buying medical marijuana stocks is a good idea these days? I bought last week but they are only going down the hill.. Should I hand on there until they leagalize?

[@JustinBenderCPM]

@xyz1112: I never recommend buying individual stocks (even if you think something is a "sure thing"). A stock's price has already factored in all expectations of legalization, so it's current price should be fair.

[@GI-uw6tw]

Hi Justin! Thanks so much for this video...I just set up my first portfolio and it didn't take long. However, I ended up with about $15.00 left to invest (a debit I guess). Can I just leave it there until the next time I invest a lump sum? Thanks again:)

[@JustinBenderCPM]

@GI2011: As long as you mean that your account has $15 of cash available (and not a $15 debit balance), you can just wait until you add more funds in order to use the cash for investment.

[@phamtruax]

Can you do a video for 3x everaged etfs?

[@JustinBenderCPM]

@Pham Truax: At this time, I have no plans to discuss leveraged ETFs

[@muchski]

Thanks for the useful video! Great instructions and website of course!

[@JustinBenderCPM]

@muchski: You're very welcome - thanks for watching!

[@Jordan-md3uc]

Ive used RBC direct investing for some time now, mainly focusing on long term investments. I recently gained interest for day trading penny stocks, what is the best way to do so with this platform? Any advice helps,

[@tigurr]

Jordan I'm wondering this too? Doesn't seem to be an easy way for the starting out investor.

[@sidhacini2120]

What if the ask/bid says “N/A”?

[@JustinBenderCPM]

@Sid Hacini: You may not have accepted the stock market agreements when you initially logged in to your accounts for the first time - once you do this, you should receive real-time stock quotes.

[@JamesJoyce12]

You really should select an all or none fill - if the ask is going up you may get a partial fill. You can not then change your limit price upward without paying an additional trading fee.

[@JustinBenderCPM]

@JamesJoyce12: You can't place "All of None" trades for Canadian-listed ETFs. If you use a limit order and receive a partial fill, you can adjust the limit price upward without paying an additional trading fee.

[@JamesJoyce12]

If you modify a partially filled open order in any fashion then it becomes a new order and attracts a second commission. If you get a fill of open order across two days then it will attract two commissions as well.

[@JustinBenderCPM]

@JamesJoyce12: Modifying a partially filled order on the same trade day will not attract a second commission. If a partially filled order is completely filled on the second day, you would be charged two commissions.

[@TheMrjabrayan]

what the minimum to invest with RBC ?

[@JustinBenderCPM]

@Elie Djabraian: To avoid their quarterly account maintenance fee, you would need to invest at least $15,000 across all accounts (or meet certain other criteria: www.rbcdirectinvesting.com/pricing/fees.html )

[@Jecaholic]

DIY Investing with Justin Bender will $1000 work?

[@bohemia187]

@@Jecaholic You gotta pay a $25/quarter fee if you have less than $15000 invested. To waive this, you can just have automatic transfers to TFSA or RRSP for $100/month total (I just do 50 each) That way you save+invest and also dont lose $100/year

[@saionline8960]

Thanks a lot for the great video!

[@JustinBenderCPM]

@Sai Online: You're very welcome! :)

[@441rider]

RBC crashed today on the continued US crash. Put buy orders in on RBC for $77. LOL! RY ticker.