Real Estate Or The S&P 500? ... The 1st Steps

  Рет қаралды 3,223

Owen Bigland

Owen Bigland

Күн бұрын

Пікірлер: 33
@RC-fh2lk
@RC-fh2lk 2 ай бұрын
When I get a new video from your channel I always stop what I’m doing to watch. Today’s video was one of your best! Thanks
@OwenBigland
@OwenBigland 2 ай бұрын
Happy to hear that!
@bailey-k6b
@bailey-k6b 2 ай бұрын
This was perfect timing for me, thanks, Owen!
@OwenBigland
@OwenBigland 2 ай бұрын
My pleasure
@micrasystems
@micrasystems 2 ай бұрын
Agreed. For most people even if they only own their primary residence #1, and get close to or max our their TSFA with VOO (US) or VFV (CAD) for the long term, that alone is already pretty good or for sure above average. As you upgrade your primary residence, that's when I find is the obvious time to rent out the smaller previous home and hold on to it.
@adamcoatta7546
@adamcoatta7546 2 ай бұрын
love the videos Owen! i was hoping you would cover this topic. this is what I'm doing if it helps anyone never compare your self and just start now! primary residence start with a condo keep moving up if you can Canada has supply and demand issues real state is only going up max out TFSA s&p500 max out RRSP vdy/xei non registered account all dividend portfolio for tax purposes when i retire growing a business rental properties taxes efficacies hire a CPA to find them all lol
@OwenBigland
@OwenBigland Ай бұрын
You are doing it right.. I have done many videos over the years on the steps and go into detail in my book. 1. Primary Residence.. take advantage of the leverage and the principal residence exemption 2. Max out TFSA and RRSP and get a start on your non registered investment account I would be mostly in US equities in US$ that's where you're going to get the superior long term returns and the proper diversification. Most of it should be in low cost index funds ETF's via Vanguard or I-shares 3 Perhaps buy an investment property for further diversification and leverage
@mynamejefft
@mynamejefft 24 күн бұрын
Hi Owen, what are your thoughts on BCE as it is one of your holdings and it's taking a big dip lately.
@SS-mz9oz
@SS-mz9oz 2 ай бұрын
The invest in S&P 500 rather than buying real estate hasn’t worked out well in Vancouver. The leverage in VanRE has provided phenomenal returns last couple decades, obviously past performance doesn’t indicate future performance. You want uncertainty and instability this is the way to go, renting will kill almost everyone long term in BC, other provinces it may work. Just get your foot in the door like Owen says then start investing in stocks, just don’t over leverage so you don’t have the disposal income to invest into the market.
@derekketcher9154
@derekketcher9154 Ай бұрын
Quick Question: If you live in an area where real estate is crazy expensive, Vancouver *cough* is it wise to forgo the primary residence dream and look at cheaper markets for a rental property? Would your decision hinge on how much, percentage wise, of your wealth you'd have to put towards that 20% down payment that is a must for rental properties or would the cash flow aspect negate any hesitations? Also, great advice...Having read The simple path to wealth by JL Collins I learned early why ETFs are an incredible way for all of us to be able to live comfortably when we retire.
@cryptounleashed5305
@cryptounleashed5305 2 ай бұрын
Owens a solid guy. Man
@cosierpilot1228
@cosierpilot1228 2 ай бұрын
he is the boss
@The4.0Guy
@The4.0Guy 2 ай бұрын
if you want to live in Vancouver long term I think you have to dig deep and own some kind of residence. rationale is that the gov won't figure out how to help the developers make a lot more supply available and if you're renting you are always faced with the prospect of being asked to move out. then when you move your rent will likely jump a lot, maybe rents will flatten but it won't be appreciably cheaper than now and as owen says the money you put into your residence is sheltered from tax. real estate is expensive but it tends to hold its value long term and adjust with inflation, just don't expect it to knock it out of the park, its not a lotto ticket, its more like an inflation adjusted low interest bond that is sheltered from tax.
@wh4843
@wh4843 2 ай бұрын
Hi @Owen, what are your thoughts on VFV (Vangaurd S&P) and QQC (Nasdaq 100) ? - They are basically VOO and QQQ but unhedged to the US dollar. So if the S&P 500 gains 5%, and during that same period, the USD appreciates by 3% against the CAD, you would see an effective gain of 8%.
@tombrodzinski157
@tombrodzinski157 2 ай бұрын
If believe CAD is near its bottom at current point buy hedged, if you believe CAD will further decline relative to USD, buy unhedged. I have basket of both.
@wh4843
@wh4843 2 ай бұрын
@@tombrodzinski157 same - my rrsp is hedged etfs, my tfsa unhedged etfs - I didnt have a strategy, just ended up that way lol
@The4.0Guy
@The4.0Guy 2 ай бұрын
Yeah I buy these when I can't stomach converting CAD to USD. The one downside with them when comparing to the actual USD etf's is that the dividends they kick off are subject to a 15% witholding tax. But I put up with this because these etf's don't pay big dividends and I can buy them without getting dinged on the exchange both to and from USD.
@OwenBigland
@OwenBigland 2 ай бұрын
I don't hold funds that are hedged.. might be Ok if you guess right on the currency but i think you do pay a slightly higher MER for that hedge factor.
@vpintea533
@vpintea533 2 ай бұрын
If I may ask, has your accountant had you fill out a T1135? Mine says this is required for anyone with over $100,000 in US stocks in a cash account to declare it as a foreign asset. Thank you for all the amazing advice over the years!
@OwenBigland
@OwenBigland 2 ай бұрын
Yes.. your accountant is correct
@SuperGirl-tf2wn
@SuperGirl-tf2wn 2 ай бұрын
Retirement account blew up almost 30 grand between the summer and last week thanks to this bull market. You can't retire without somewhere to live and you can't retire without an account. It's tough to say what to do, really.
@OwenBigland
@OwenBigland Ай бұрын
That's why you always want to own both.
@SuperGirl-tf2wn
@SuperGirl-tf2wn Ай бұрын
@@OwenBigland well, it's a pipe dream for 99% of 'young people' today. Might as well invest it in the market instead and accept the reality of the situation.
@vancityismine908
@vancityismine908 2 ай бұрын
Hello Owen, should I own VFV or VOO in my TFSA account???
@j.p.5058
@j.p.5058 2 ай бұрын
You need to research that yourself
@The4.0Guy
@The4.0Guy 2 ай бұрын
Neither are perfect but the good news is i don't think you can go terribly wrong with either choice. I'd say VFV is more convenient for Canadians because you don't have to worry about getting dinged on the currency exchange fees. VFV dividends suffer a 15% witholding tax which is sadness, but you don't have to convert your CAD to USD to buy VFV and then back again when you sell VOO and want to spend some CAD. The real culprit between these two is your bank which always gives you a crappy exchange rate when converting currency. The 15% withholding tax sounds bad but these etf's only pay about a 1% dividend so it's only .15 basis points, whereas your bank will probably charge much more than 15 basis points each time you exchange the currency. If you have a big lump sum of USD already, then i'd buy VOO but if you don't and if you're going to be buying the etf frequently VFV is probably better. Note i'm not a financial advisor and could be completely wrong! as the other guy said research them but it's just details, neither are perfect and neither will be a radically better choice in the long term i don't think
@HaydonAshurstFamily
@HaydonAshurstFamily 2 ай бұрын
Much better exchange rate through VBCE than at banks (if you have 20+k you should be able to negotiate 20-30bp spread at VBCE v over 100bps at banks). You can also exchange $ through IBKR with no spread (I think b/c you trade with other traders, ie, no intermediary) but IBKR gets uptight if you exchange $ and immediately move it out of your account. (The forex option i think is suppose to be an incentive to use IBKR for trading equities v primary use)
@OwenBigland
@OwenBigland Ай бұрын
Neither. For the most part You do not want want to own US dividend payers in a TFSA. You get hit with the 15% dividend withholding tax and it s not recoverable same with a Canadian ETF that holds US stocks. The S&P 500 does not pay a huge dividend but losing 15% still hurts. I talk about this in my book and it's someting you must learn before you start investing otherwise you a hampering your returns. MY TFSA is 100% in US growth stocks a few of them pay a very small dividend less that a .50% yield but most pay no dividend. You want growth in your TFSA because all the capital gains come out to you tax free.
@OwenBigland
@OwenBigland Ай бұрын
Agree i use VBCE when i need to purchase US cash which is becoming less often. For my brokerage accounts i'm fortunate to have a large enough US portfolio that's sending me US cash every week almost.. so i'm not at the whim of exchange rates anymore i just re-invest in more US equities. I use to go down to the US with some US cash but with my current credit card structure having US and CDN credit cards i don't even have to do that. Look into it guys. My current Visa Infinite Privilege card gives me a lot of perks 1.25 points for every $ spent
@NATURAL900-d7r
@NATURAL900-d7r 2 ай бұрын
What is the best strategy to enter crypto trading.... for someone with more or less than $5,000 to invest?
@cdnsilverdaddy
@cdnsilverdaddy 2 ай бұрын
snakeoil crap
@roccodimiccio5199
@roccodimiccio5199 Ай бұрын
buying a condo by skytrain seems risky nowww
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