HOW TO INVEST in YOUR 30’s & 40’s in 2023 (CANADA)

📈📚 Join The Investing Academy ➤ bit.ly/theinve...
In this video we'll cover how to invest in the stock market in your 30's & 40's in Canada. We'll cover the best strategy, stocks, and many other considerations that will help you succeed.
-----------
Follow Me On My Socials:
Blossom Social ➤ (See My Exact Portfolio & Trades) - getblossom.pag...
Instagram ➤ bit.ly/3Oechgh
TikTok ➤ bit.ly/3PlNvfw
LinkedIn ➤bit.ly/3RLndF7
Website ➤ www.theinvesti...
-----------
🏦🇨🇦 Sign Up Bonuses 💰💸:
► Questrade Online Brokerage (Get $50 in commission-free trades) - bit.ly/3OhrRrK
► Wealthsimple Trade ($50 cash bonus when you deposit $150 or more) - bit.ly/3v1FBQt
► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - bit.ly/3Pm2g1Z
► NEO Financial (Cash Back Credit Card) - bit.ly/3yJqb4s
The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.
Business Inquiries: [e-mail]
-----------
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

[@beaviswealth]

📈Join The Investing Academy ➤ bit.ly/theinvestingacademy Thanks for watching! Drop a LIKE & Subscribe if you enjoyed! :)

[@abeieneNejar]

Would love to see a video on how parents could invest for their kids. E.g. is there a way to open a wealth simple for my kid and manage it until they are of age?

[@strongwithcurves]

Love this suggestion. This is something I’m trying so my kids. Wish my parents had had the same mindset.

[@jgill4842]

RESP. Every parent should be doing this.

[@jonisousa-guthrie3121]

Great video Brandon. Please have Marc do a series for 50/60 yrs old. Thx 🙏👍

[@grumpyboomer9107]

Pay off all debts before investing. If you have debt, I am talking about credit cards debt. The interest rates are often close to or over 20%. You are never going to make that much profit investing so you'll be losing money. That is really #1 when your in your 30's and 40's.

[@bazookajoemo]

Wow! You’re the man, Brandon. I really appreciate the video. I also appreciate the hair you put on the “Joe” emoji (I’ve been bald since age 25). Haha Thanks again!

[@momo35444]

thanks for the great video!! always love coming home after work and seeing a video drop from you guys!!! im 35 and just started investing 2 years ago. so this is straight up my alley. great knowledge, thanks Brandon.

[@karlosm2730]

I am also 43, Just like joe. The struggle is real. Not as far along as I would like to be for retirement. Living the SINK life. Living in my moms basement(she is in a long term care home, so I live in the house mortgage free). I do have a 24 month Emergency fund.

[@niftydom]

Thank you for another informative video once again! And yes, I watched and listened from the beginning to the end.

[@meeganbarnes7240]

Great point on the emergency fund. Fridge dies, windshield cracks, kids need braces… all kinds of things happen in life that have unforeseen costs

[@Chap17]

Thanks Brandon and investing in our 60s especially important since most of us will live into our 90's

[@Themoonxxxxx]

Yeah

[@djayjp]

Pro tip: set a deep depth of field (ie, high f stop number) to help prevent the lack of focus 😉

[@aliceluong9740]

Between TFSA and RESP, how do you analyze which one to focus on?

[@joujou79]

Where do you suggest to place an emergency fund? Savings? Tfsa? Etc

[@fuse98]

Typically you want liquidity with your emergency fund. So putting an emergency fund into a TFSA might be one way to go, but if you're maxing out your TFSA contributions already, then pulling out money in the case of an emergency limits your ability to put it back in until the next calendar year rolls around. RRSP, not that you mentioned it ... never. So a high interest e-savings account to me would be the best place to put it. That's personally where I have mine, and it gets a little bit of interest paid on it at the same time. It's nothing substantial, but it's better than nothing at all for money that's just designed to sit there on the sidelines for when you do need it. One thing though, if you take your money out, put it all back in before you go back in investing if you're not able to come up with extra monthly income somewhere. Slippery slope once you start saying "Oh I'll get around to it." Budgets are key to mental financial stability. Hope this helped.

[@Rob-ob3sh]

Hi Brandon what would you recommend as your top 3 CDR’s to buy over buying the actual stock ?

[@Rob-ob3sh]

Hey Brandon do you still like CDR’s ?

[@thomasq9181]

Great info!

[@canpin]

Marc: did he just call me "Marc"?! Its Dad!!! Just kiddin Brandon 😂 Thanks for the awesome videos

[@calvin9575]

This is why I choose to work in hospital, I have paid benefits and Municipal pension plan, so I can focus 90% equities.

[@fuse98]

Pensions give you a nice security blanket to expose your own financial investments to more risk indeed. Same boat, different sector though.

[@TwinworldGameReviews]

Life insurance would be great for anyone with debt or a mortgage. This way if something happens to you, the life insurance will cover your debt. Last thing you'd want is to leave that kind of dept with your spouse or family members to be stuck paying off. Mortgages have insurance you can get, but that insurance coverage shrinks over time as your mortgage debt is paid off, even though the premiums you pay remain the same. You would be much better to get independent life insurance, which would not only pay off that debt but any extra money could go to family or next of kin.

[@Greeners387]

I posted this similar question in the Blossom app, sorry, I’m a little late to the party. However, would the allocation (70-30) be similar even with a great pension upon retirement?. Thanks for the lessons.

[@davidjr1365]

Leggo Brandon! My man pulling through once again

[@jasonplumbley119]

I really enjoy your video Brandon, you take the time to explain things in plain language and I really appreciate it. I've learned a lot from you and your dad on how to manage which investments to hold in TFSA vs RRSP. And I subscribe to the blue chip dividend stock model of investing that you are a fan of. Being a late 30s investor, with a good stable career and income. One of my biggest things I like to do is PAY MYSELF first. I dont strictly budget as you suggest, but I have a way of limiting how much "extra money" I have available. I know my big expenses are "$xxx.xx" bi-weekly and are tied to my pay periods. I also have regular TFSA and RRSP contributions setup on my pay day so that the money is never available for me to really spend. What's left over is my "fun money", what I use to go out for dinner, buy my electronics, go on vacation and manage household expenses from. It's generally about the same amount each period and you get a feeling of what you can afford after you've restricted your cashflow by paying yourself first. If there is extra money left over in a pay period then I put it into my rainy day fund, which sometimes gets used for a vacation or a renovation or a lump sum to my investing accounts. At least this is my approach to long term saving / managing my income and expenses. Pay myself first, ensure my major expenses are covered and just manage the overflow. The ways I pay myself first are: Regular pre-authorized contributions to my TFSA and RRSP. - this incrementally builds my retirement savings and investments allowing me the freedom to add to my holdings every few months. Increased mortgage payment beyond my initial payment. - this reduces my interest paid over the life of the mortgage and significantly impacts the length of the mortgage. Thanks for all your hard work.

[@fuse98]

Nice. You may wish to reconsider the suggestion of sitting down and developing a strict budget. The fine tuning you can do to free up wasted expenses is pretty eye opening for anyone who doesn't. You sound to live within or below your means so that's crucial. Rainy day funds (assuming you mean emergency fund) are great to have. If that's not what you meant by that then my apologies, but an emergency fund is there for unexpected things, such as car breaks down, furnace goes out, major things of such not a vacation. Money management is fun, but it almost feels like one needs to be robotic, at least for me it does. Sounds like you're on track though, and as the saying goes "Live like no one else so later you can live like no one else." - Dave Ramsey Cheers

[@OfficialLongPham]

Would love to see investing in your 20s! I'm approaching 30 so this also helps me!

[@CanadianDividendInvesting]

Pumping out content, love it!

[@margaretrussell9452]

Thanks for the video! I wish I started much earlier. Looking forward to a video 50-60 yrs and maybe not being where you hope to be so still looking for income investing. Also recommendation for seniors who have set saving 80-90’s and looking for maximum withdraw based on the amounts the have.

[@Azel247]

Hey Brandon, thanks for the video! Can you please teach me how to calculate the following? I have $700k saved and I spend $40k/year. I have the money returning 3% interest. How long will that money last? My calculation is telling me approx 35 years... does that sound right? Thanks!

[@nathanielpratt6173]

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted, i became more better the moment i realized this.

[@Kivarenn82]

ugh i'm middle age?? well, at least this info sounds like it'll set me up:)

[@nathanielpratt6173]

Yeah it will

[@MountainFinance]

Good job Brandon 🙂

[@Themoonxxxxx]

UwC

[@florendogomezcasuga7043]

If you’re young. Invest in growth stocks and bluechip companies. If you plan to retire in 15-20 years, buy monthly income stocks and israel bonds

[@tomcruz9788]

Sir as a non-resident in Canada,can i open an account from Questrade or Wealth simple trade broker?

[@cheynebest7028]

If you're living in your parents basement in your 30s or 40s you should be pretty well financially set... one would hope 🫣. Maximize that tfsa every year and buy a handful of companies you have conviction in for the long term. After that put as much away as you can in your rrsp with your company match program and have that invested in etfs. I believe that is a very strong strategy to build for a prosperous and perhaps early retirement.

[@fuse98]

One would hope. I don't feel that's often the case though unfortunately :(