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@elondamon98853 жыл бұрын
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@wcg66 Жыл бұрын
Another thing I like about VRIF as an ETF, is that it's very liquid and can be sold quickly. This is more of a psychological advantage as the point is hold it forever but it doesn't feel locked in. Of course, liquidity is an aspect of other ETFs and you can sell mutual fund units pretty quickly too. However, it has the payout like an annuity without any aspect of being locked in.
@golfdreamr7 ай бұрын
Thanks, great video! I'm wondering how VRIF compares to HPYT? It offers monthly income as well but much higher at 15% currently, which its able to do through through Covered Calls. It is a portfolio of ETFs, which hold longer dated US Treasury bonds that are secured by the full faith and credit of the US government, employing up to 100% covered call writing to generate a higher yield and maximize monthly cash flow. Would love to hear your thoughts and what you see as the worst case scenario or risk?
@sandrinebedard95483 жыл бұрын
I just turned 23, but watched the video anyways. Proves how good it was! :)
@Daniel-ef7nk9 ай бұрын
I believe the 4% will be eaten away by inflation unless you reinvest half of it (2%) every year?
@martik7783 жыл бұрын
Does not seem to be too popular at only 190M market cap 6 months from inception. Vanguard discontinued the US versions
@KarlDag2 жыл бұрын
Wouldn't expect most retirees to change their strategy for this. It's probably a product that will get more popular as time goes on
@dannychandra31713 жыл бұрын
Hi, I am wondering is there any reason this is better than combination of vas and vgs. From historical records. Vas and vgs returning 10% + each year compare to this 4%. So for retirement, I dont see any point of buying this etf.
@mike330i3 жыл бұрын
I think this ETF is great for someone who has achieved F.I.R.E (financially independent, retired early).
@tmacfree22033 жыл бұрын
Good information. How does it handle taxes is something I need to explore
@kevinwelsh74902 жыл бұрын
is this or any other retirement income fund indexed for inflation? I understand the principal would have to grow at inflation rate
@JustinBenderCPM2 жыл бұрын
@kevin welsh -The distributions are not indexed for inflation, but like you mentioned, if the fund experienced capital growth, there is the potential for distribution increases.
@VictorNolochemical2 жыл бұрын
Thanks great advice 🫡
@joetoronto43053 жыл бұрын
Does VRIF mer .32% already include the mers of all the 8 sub etfs that make it up.. or is it .32% plus all the mers of the 8 sub etfs that make it up?
@JustinBenderCPM3 жыл бұрын
@Joe Toronto - It already includes the MERs of the underlying ETFs (so there is no double-charging of MERs)
@eilonwoolf11292 жыл бұрын
Great video
@Siwashable3 жыл бұрын
Isn't 50% stocks a high amount for someone who is retired and drawing down? Does it not present risks highly than ideal for elderly investors? I am thinking about this product for a parent. Great video...
@JustinBenderCPM3 жыл бұрын
@R R - The choice of asset mix during retirement is different for everyone. Retirement may last 30 or more years, so taking some equity risk likely makes sense in most situations. Feel free to check out Shannon's video on choosing a suitable asset allocation, if you haven't already: kzbin.info/www/bejne/gKqyoqSqppZloLM
@Siwashable3 жыл бұрын
@@JustinBenderCPM Got it! You guys do great work. Do you also provide fee-based financial advising?
@JustinBenderCPM3 жыл бұрын
@@Siwashable - We unfortunately do not offer fee-only advising at this time.
@Amelia-Elizabeth11 ай бұрын
I watch several KZbin videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@user-bv4sj2gq7g2 жыл бұрын
Why do I not find this ETF on Vanguard’s website?
@JustinBenderCPM2 жыл бұрын
@D - Perhaps you're on the U.S. site - here's a link to the Canadian site: www.vanguard.ca/en/investor/products/products-group/etfs/VRIF
@HamiltonRb3 жыл бұрын
I have tried comparing the graphs between 3 retirement income etf's ( VRIF, XTR & ZMI) but I know there is more to it than that, and hoping at some point you might discuss & rate these based on your expertise
@JustinBenderCPM3 жыл бұрын
@HamiltonRb - I might tackle this in a future blog or video. Personally, I prefer VRIF's strategy, as it is extremely diversified and relatively tax-efficient.
@HamiltonRb3 жыл бұрын
@@JustinBenderCPM Thanks, look forward to it, as I am sure others would be. Regardless of which one is your preference, what percentage of a retiree's portfolio would you allocate to that etf, or what / if anything else would you suggest to compliment it?
@JustinBenderCPM3 жыл бұрын
@HamiltonRb - Every investor would be different, so there's no specific percentage weight allocation to VRIF that would be appropriate for every retiree.
@MarkoKoskenoja3 жыл бұрын
I'm with Justin on VRIF being the best choice because XTR and ZMI have higher MERS, aren't as well diversified, XTR has a lot of ROC and ZMI has more volatile holdings and has attracted very little investment ($110M) in it's existence. Personally, I plan to have 20 to 50% of VRIF in my 2 RIF accounts.
@bobbycoln56263 жыл бұрын
Is this a good time to start a vrif to receive income from a qualified account given the Stock market is high and the bond market stinks. I need a safe place to get income.
@JustinBenderCPM3 жыл бұрын
@Bobby Coln - I would suggest speaking with your advisor to determine whether VRIF would be an appropriate holding for your specific situation.
@missionbear61263 жыл бұрын
Justin, Thank you for the detailed explanation. I am wondering that what is the withholding tax for VRIF if we hold it in the non-registered account?
@JustinBenderCPM3 жыл бұрын
@Mission Bear - I would estimate the unrecoverable foreign withholding tax for VRIF in a non-registered account at 0.01% (so basically a nothing burger).
@DenisZenASMR3 жыл бұрын
Tbh this is one of my favourite ETFs. They did a great job with this
@potatosalad95193 жыл бұрын
where can you purchase in the US?
@JustinBenderCPM3 жыл бұрын
@potato salad - VRIF trades in Canadian dollars on the Canadian stock exchange.
@DanielTojcic3 жыл бұрын
Would you recommend a 50/50 split of VRIF and XEI for a retiree looking to boost their yield in a TFSA account? It would be nice to see your analysis of products like ZWC, or some REITs
@JustinBenderCPM3 жыл бұрын
@Daniel Tojcic - There's no perfect product for retirees. Once you retire, you're going to need to put some additional effort into managing your portfolio for your personalized cash flow requirements (you can't expect an ETF company to create a perfect solution for you). An asset allocation ETF, combined with a 1-5 year ladder of GICs and and an investment savings account would likely do the trick for most investors though. I don't have any plans to create a video for ZWC. I may create a video on REITs in the future though.
@WallyZie2 жыл бұрын
Thank you Justin and Shannon, your videos have been an immense help!! One thing I would like to touch on; it seems to me that VRIF would be great for income in a TFSA since there would be be no tax implications after it's converted to cash and then withdrawn?
@JustinBenderCPM2 жыл бұрын
@Wally Z - We're glad to hear our videos have been helpful! A TFSA would be a great account type to hold most ETFs, including VRIF.
@WallyZie2 жыл бұрын
@@JustinBenderCPM ...and the monthly withdrawals would be tax free?
@JustinBenderCPM2 жыл бұрын
@@WallyZie - Any withdrawals from a TFSA are always tax-free (no matter which security you hold in this account type).
@MarkoKoskenoja3 жыл бұрын
Another sensible and well reasoned explainer video from JB👍I'm retired and drawing my my dividend payments as income from cash and 2 RIF accounts. I bought $90K so far of VRIF in my RIF accounts because I liked the make-up and approach of the fund. In addtion, I have 2 or more high dividend ETF's in my accounts to which boosts my distribution yield to 5.2% which is more than enough for me to live off of and not worry about minimum withdrawals in my accounts.
@JustinBenderCPM3 жыл бұрын
@Marko Koskenoja - Thanks for sharing your RRIF strategy with us - clever workaround ;)
@zaq559 ай бұрын
This fund has not been performing well
@limkhengseong82873 жыл бұрын
hi, thanks for the video. what is the tracking error?
@JustinBenderCPM3 жыл бұрын
@Lim Kheong Seong - What is the tracking error to what?
@julientousignant96523 жыл бұрын
Thank you Justin for covering VRIF. Excellent video as usual!
@JustinBenderCPM3 жыл бұрын
@Julien Tousignant - You're very welcome - thanks for watching! :)
@ginocolello42413 жыл бұрын
Great video! Thank you!!
@JustinBenderCPM3 жыл бұрын
@Gino Colello - You are very welcome! :)
@Ursin1013 жыл бұрын
Thank you for teaching me 🙂 Yet, I just want to add and let grow.
@pchan42673 жыл бұрын
Very informative indeed.
@JustinBenderCPM3 жыл бұрын
@P Chan - I'm glad you found it helpful :)
@supernumex3 жыл бұрын
Great video!
@JustinBenderCPM3 жыл бұрын
@supernumex - I'm glad you enjoyed it - thanks for tuning in!
@PJBHolden Жыл бұрын
Sounds like an annuity
@jeroldpaquette90682 жыл бұрын
Gee a whole 4% ?
@HaPa45952 жыл бұрын
Is there no ISIN?
@armandacosta19142 жыл бұрын
thats pennies 300k and u only get 1k a month thats nada
@nelfmo9103 жыл бұрын
Thank you, Justin! Great video - answered all my questions.
@JustinBenderCPM3 жыл бұрын
@Nel Fmo - Thanks for watching - I'm glad you enjoyed the video :)
@SabbathSOG2 жыл бұрын
Since this video this stock has gotten its ass kicked.
@JustinBenderCPM2 жыл бұрын
@Truthsabre7 - It's an ETF.
@smacktonian3 жыл бұрын
Too bad it's not available in America.
@thomasdaum19273 жыл бұрын
Schd and Qyld both pay about 11% , I don’t see why I would give up 7% .
@russellhunter84603 ай бұрын
This etf is not even remotely good in any shape or form. Heck a 40/60 Voo/jepi is better than that.
@theelect7772 жыл бұрын
Garbage. Get an annuity with period certain instead.
@HamiltonRb Жыл бұрын
Some of us want to pass on an inheritance to our kids but draw an income while alive, and stocks and etf’s do that. With an annuity, you get an income while alive, but upon your death your money goes to the insurance company. I’ll pass
@theelect777 Жыл бұрын
@@HamiltonRb wouldn’t be smart to go 100% in either direction. The period certain gives guaranteed income for X amount of years even if the annuitant dies. Putting a portion like 10-25% in an annuity that’s giving you a 10% payout rate, allows you to be more aggressive in the rest of the portfolio as you’re less reliant on that income. There’s also tax advantages in the annuity. If you want to pass down Wealth, life insurance hands down the best option. I like real estate next, not that i won’t be passing down equities too.
@annjean87092 жыл бұрын
Great video! Thank you for sharing.
@JustinBenderCPM2 жыл бұрын
@Ann Jean - You're very welcome - thanks for watching! :)