The Ultimate Canadian Investment Guide For 2023

[@daviegelo2481]

Don't be seduced by large dividend, concentrate on the long run. There's no sense in collecting large dividends if your overall investment is going down. However I'd say JPEQ, SCHG, VOO and IWMI. I put down $200K to ETFs. Earning season is around the corner, it was around this time last year I made a huge breakthrough with $75k, handed it to a remunerative fin advisor. Looking forward to how this end of year plays out.

[@kdavids1009]

I'd really love to find out more about your adviser.

[@daviegelo2481]

Very well, put Amelia Sophie Woledge to the web search.

[@daviegelo2481]

Very well, Amelia Sophie Woledge, do your due diligence.

[@douglasjefferson8533]

Nice selection man.

[@ChristopherAbelman]

I recently sold some of my NVDA stock to secure profits, but I'm retaining a portion for the long term. Nvidia's growth potential remains robust. I'm considering diversifying my 6-figure portfolio, but I'm uncertain about managing risks in my next move.

[@bartlyAD]

Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.

[@PennyBergeron-os4ch]

While keeping your portfolio allocations balanced, de-risk your investments, support your core holdings, and take some gains. Even managed portfolios don't always perform as well as I would advise, so it's essential to get the advice of a qualified fiduciary; my spouse and I find that this works for us. Net of dividends, we have had over 80% capital growth.

[@DaliaCohen2230]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@PennyBergeron-os4ch]

Google Diana Casteel Lynch and do your own research. She has portfolio management down to a science

[@DaliaCohen2230]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@ParkerRoyce-ni5pw]

I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.

[@pengily_emi]

Government stimulus helped Americans save, but I don't expect this trend to continue.

[@RockRex-lx7lg]

Pandemic savings are gone for middle and low-income families. My trading skills need improvement.

[@Stephenrogzyyy]

Desiree Ruth Hoffman, my market strategist, says the S&P 500's drop clears a path for a rally. She’s a great resource.

[@ParkerRoyce-ni5pw]

Who is Desiree Ruth Hoffman? We need help organizing our finances for next year.

[@pengily_emi]

Plan properly or consult a seasoned professional with a good track record like Desiree.

[@Ghoster786]

Can you cover canadian espp accounts? I work for CP rail and we get up to 6% matched contributions but im wondering if its more efficient to withdraw stocks every couple of years to invest in better returning stocks but im gonna be hit with a ton of weird capitol gain taxes

[@susannicky]

@Olivia66682 You are right Olivia Congratulations on your achievements! It's great to see you doing so well. I understand that I am currently facing financial difficulties at the age of 55, and I am interested in receiving some helpful tips to improve my situation. Owning your own house is a significant goal for you, and it's a wonderful aspiration.

[@susannicky]

@Olivia66682 " I anticipate your kind response. I'm interested in connecting with a financial consultant similar to the one who assisted you in achieving your financial goals.

[@xavierbeauregard8488]

I've recently thought about working for CP rail. I would be really grateful if you told me what that's like.

[@androidphone6972]

You’re already in the 1% sir, great company to work for

[@MikeJones-vb1me]

If you want to be a millionaire in Canada, start with a billion.

[@ddtdcd]

Hard working people should just work and die poor:)

[@malikusman286]

😅😅😅😂😂exactly 😮

[@novwin3169]

Tks sir Richard Branson

[@jay-argonzales7801]

@@seangriffin7803lmfao 😂😂😂😂😂

[@PennerBenjamin]

Haha damn right 😂

[@NimrahMohammed]

Thank you to Mrs. Felicia.

[@kimmykero2421]

Bringing on guests with different specialties and technical knowledge (on different products) to contribute on the channel really does add great value to your viewers and says plenty about your honesty and integrity! Thanks Adam!

[@ParallelWealth]

Our pleasure!

[@robertyoung406]

Damn I think you have one of the best finance channels for Canada! Your videos are well structured and everything is explained so clearly!

[@ParallelWealth]

Thanks Robert. Appreciate the kind words. Thanks for watching

[@markBrogdan]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@CarolMarieJacobson]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@GrahamJoh]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@LynetteMarieLuevano]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

[@GrahamJoh]

Selena-Nicole cefaloni is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@Douglasmurphyy]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@govenderAlice]

Wow, I'm shocked you mentioned Felicia, I thought I was the only one interacting with her.

[@NaviSharmaNav]

Excellent insights, especially for those who are new to investment world and wants to start. Thanks

[@AlilatTiamiyu]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@rbenjamin1429]

Thank you, Adam, for your videos - you are so clear in your explanations, which is truly appreciated! Very helpful for someone who is pretty much financially illiterate. I am learning. Will try to get my 2 young adult children to watch your videos, as well.

[@ParallelWealth]

Thank you! Glad they are helping out!

[@rbenjamin1429]

🤗🥰☺@@ParallelWealth

[@rbenjamin1429]

@@ParallelWealthalso, I did subscribe and hopefully my kids will as well.

[@trevorgwelch7412]

Do we have Index Funds in Canada . ? Warren Buffett recommends these funds in the US .

[@fostertheweekend]

Vanguard Canadá

[@alanmathewcheriyan9746]

Is it advisable to utilize a Tax-Free Savings Account (TFSA) for engaging in option trading?

[@kmitcher]

Hi Adam, first off, really appreciate you taking the time to publish your videos as my partner and I have found them extremely valuable. We are always excited when a new vid drops. There is always something valuable I pick up when viewing. We are following your advice and feel we are in good shape however we are 7 years out till retirement so most definitely will be setting up a plan with you in a couple of years. Thx again sir!

[@ParallelWealth]

Thanks Kyle. Here to help when the time is right on your end.

[@practicallyascientist9971]

All of this sounds good but how do you put untaxed money into an account if your income is already taxed by your employer?

[@simosof]

Your channel is an inspiration to me! Keep sharing your interesting and useful posts."

[@ParallelWealth]

Thank you! Will do!

[@KarinaMilan4]

Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

[@CaryTriana]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@SylviaJoe6]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@AlexandraGray-t4]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@SylviaJoe6]

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@MichaelAD222]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@julesvern-u4e]

Something I never see these channels mention are the difference between putting US stocks in RSP compared to TFSA.. mainly the fact that its only stocks that pay dividends that are subject to US withholding tax.. stocks that dont, are not. This is a VERY big deal yet I almost never see it talked about.

[@ParallelWealth]

Typically this would come for a portfolio manager, not a financial planner. That said. It's part of the planning process wetale with our ongoing clients - and a conversation most should have with their investment advisor.

[@BrodyKrajcik]

Useful and simple talk!!

[@ashwikreddy8829]

Why there is FHSA account in the list? Is it not much needed?

[@brucerobinson3331]

Great videos generally but this one didn't work for me. The alternative investing portion felt like a information lite sales pitch. My guess is with high fees too

[@LiveLifeLori]

Wait - which ETF tracks the vegan food companies??? I need to get on this! Thanks!

[@mohammedlayes9248]

Can you invest in the stock market with the funds sitting in an RRSP account?

[@ParallelWealth]

You bet

[@AngeliqueWilliams-xm6yi]

hey guys, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?

[@fostertheweekend]

Vanguard Canada is good

[@Papi4.44]

Hi, what are your investment goals, risk tolerance?

[@julesvern-u4e]

People freak out when I tell them this but I am all in on Tesla. Every spare dime I have I put only in TSLA and keep them in my RSP and TFSA. I understand the risk... this could bite me in a very very bad way but I'm still doing it. If things go the way I believe they will with tesla I will be a multi-millionaire in 10 years.... if things dont go as planned I will lose a load of money and all I will have is my pension.

[@Nawalta]

I wish you the best but what you’re doing isn’t so different than gambling your entire wealth at a casino.

[@valveman12]

TFSA is a gift... Yet I know so many people who have not opened one. TFSA-Tax Free Savings Account should be renamed to Tax-Free Investment Account. Leaving your TFSA as a savings account is ok, but investing can make you large gains, including dividends.

[@fabio1671]

Nothing is for free😊 don’t be naïve

[@valveman12]

@@fabio1671 Naive? TFSA-Tax Free Saving Account Free is in the name genius! So you never opend a TFSA huh? Your loss...

[@julesvern-u4e]

@@fabio1671 dumb thing to say

[@dennislavigne7106]

Question as a new Canadian investor if I purchase class B stock of Berkshire in my Canadian tfsa is that fine or will I need to pay something because it’s in a American dollars

[@offnl_]

Better to keep US stocks in RRSP

[@dylantemperton]

This might be a little late, but you only pay a withholding tax on US dividends, because dividends are pre-tax income from the company and the US government will want a piece of it. I have transferred and sold US stocks in my TFSA and not have not had any issues

[@CoachLucasAlmeida]

Great content. Thank you.

[@ParallelWealth]

Glad you enjoyed it!

[@waterloo515]

Do you receive commissions on the sale of BCV Asset Management investments to your clients and/or on referrals to that firm? If so, what is that commission?

[@ParallelWealth]

Don, we charge fees for our planning services. BCV charges separate fees for their investment services.

[@Spp235.]

Best would be a simple yes or no?

[@willkeen5010]

You explained all the investment type so well! I didn’t realize there were so many different types of ETFs available now even tracking vegan lifestyles. Now I feel old lol 👏👏

[@ParallelWealth]

Glad it was helpful!

[@dfhu548]

I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?

[@petealwayslovesu]

ty so much

[@edoliva3264]

Any thoughts on a GIC in 2023? Im currently looking at a 3.35% for a 100 day term. Does this seem like a good investment?

[@ParallelWealth]

Ed, we have seem lots of changes lately. If we get one more raise we may see better rates a little longer, but really a crystal ball on this one. Pick a rate you are happy with and don't look back - especially on a short term like this.

[@MFTW]

There's one for 5.25%

[@robocop581]

Move to a low tax country, declare non residency then move back to Canada once you've earned millions. Hundreds of thousands of non resident Canadians have done it and many that retire don't even want to return as they have an option to retire in countries with warm climate via a Golden Visa.

[@natemadsen380]

Hey would I be able to contact you to discuss investing, I am in a position in life right now where I need some help.

[@ParallelWealth]

Yes, email [e-mail]

[@karlosm2730]

I am trying to figure out the new FHSA right now. Looking forward to finding more information about it.

[@pwong0227]

14 million Canadians have TFSA accounts and 10% of this population have maxed out their TFSA contribution. 65.5% Canadians have RRSP but don't know how many have maxed out with RRSP contribution.

[@dfhu548]

I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?

[@buckw65]

Yes I'm shocked by that. Should be the other way around. Also most peoples TSFA'S have gone down in value from native read.

[@MasterRichStocksOptions]

😎Good. I travel full time while trading stock options. My video brought me to this video.

[@MasterRichStocksOptions]

Good info on Canadian market.

[@ThuyLe-ov5wc]

I buy RESP for my son, and my son just 10 yrs. But I buy RESP with mutual fund and every month is money losing a little bit because economy is going down right now. Do we have another way to buy RESP but link with GIC ( for guarantee for my son money) doesn’t loose. Now RESP money is going up and down . Thank you,

[@user-dv8bs7tb5c]

It's going down right now but think about it like the mutual fund is ON SALE. Later it will increase much faster than a GIC and once the mutual fund is doing well, each unit will cost more than it does now to buy

[@MegsCarpentry-lovedogs]

This is a good vid to watch to set up for the strategy Parallel Wealth phone call scheduled soon👍☺

[@signal8375]

Thank you for another great video! Given that bcv multi-strategy alternative fund was featured in this segment, could you please provide a link to the fund's SEDAR fund fact, or a prospectus? I am not seeing it on the BVC website.

[@ParallelWealth]

You can email them directly for this. Contact info on their website.

[@WyattGonzalez-d8x]

I will forever be indebted to you, Mrs. Vanessa Kyla. You have changed my entire life, I will continue to preach your name for the world to hear. You saved me from huge financial debt with what little I had. Thank you, Mrs. Vanessa Kyla.

[@CaryTriana]

Tesla stock dipped severally , resulting to about 23% drop in the shares value this month. I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA. D)Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

[@SylviaJoe6]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@Jingo721]

Only flip real estate in Canada and live in Thailand hahaha - NO to COLD PLACES

[@user-dv8bs7tb5c]

That's actually a great plan. The perks of being a world citizen! Do it! Have fun!

[@claudatz1]

I agree with this! How do you flip real estate in Canada?

[@Jingo721]

@@claudatz1 Start from Edmonton south west area which is cheapest and fast growing then scale it up to other places

[@harism2001]

I hate the word “tax”

[@ramican9155]

Thanks!

[@hamedizzy5137]

That’s not wealth man that’s just getting by comfortably. If you a millionaire u don’t need rrsp that’s just a savings account for people with poor will power! Inflation will eat that up.

[@dylantemperton]

Only if you use it as a savings account and not as an investment account

[@hamedizzy5137]

@@dylantemperton lol investment account? You make investments you won’t have an account for it unless it’s pooling and if it is inflations eating at it. Inflation eats at your investments as well you just have to make More every year.

[@readysetretirego]

Art....what about purchasing art...great investment Do your homework

[@ericyergeau3474]

Wow. Nothing on split funds, income funds or covered calls stocks. Don't understand how you can talk about "cashflow" ? Bonds and mutual funds generating 7-9% ? LOL

[@RobertsHicks]

Excellent video as always but my problem I have been making losses trying to make profit trading. I thought trading demo is just like trading the real market. Can anyone help me out or at least advise me on what to do ?

[@MegsCarpentry-lovedogs]

Adam, forwarded this to my cousin in her early 50"s. Hopefully she will look at it. She knows very little at this point and this is an excellent base for her to start from to start learning....if she chooses. Thank you Adam!💯🇨🇦

[@Iliinois18]

About 30 years late but whatever boomer....

[@Stephane221]

Thanks for keeping us financially Educated! Regardless of how bad it gets on the economy, I still made over $35k with my starting capital of $10k this year.

[@Stephane221]

Hannahdearie22

[@Stephane221]

Nice content, but trading come with a lot of benefits And I have just bought my first house through it. As a beginner, I was scared of losing my savings but I'm glad I took the bold step that is now favoring me.😊

[@Azel247]

Hey Adam, 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? Thanks!

[@ptsb5a]

If you bought $700K of Enbridge, it would pay you $45000/yr and you'd never run out. The same investment in HYLD would yield about $90k/yr in dividend income and again, you'd never deplete your initial investment.

[@pwong0227]

@@ptsb5a I love HCAL HTA HDIV HYLD and these help me defer my db cpp oas easily to 68. It also covers my trip to Patagonia and Galapagos.

[@ptsb5a]

@@OptimisticHominid I'm not in any position to give advice. Just examples of what could be.

[@northeasterndirtandpropert7974]

Are natural resource stocks like enbridge not under attack on a global scale today,along with oil,gas?Are they still a safe area to invest?

[@mikeloughnane5436]

a one way ticket out.

[@Headinavise]

Just don't buy shares in TSX.V companies. Especially mining in Canada.

[@edoliva3264]

May I ask why? I currently have shares in E3 Lithium ETL

[@dfhu548]

I learned about a pretty good business model, and I think you might be suitable to do this mall promotion project as well. I have a friend who is a MetaSport executive, would you be interested in learning more about it?

[@fredsaenger6476]

Step one , leave Canada.

[@TeddyCraven]

Yeah okay 🎉 enjoy Nigeria

[@TeddyCraven]

So many Bone head comments lol. 😂 move to Iceland build a ship and sell my children to save a dime lawl. 🎉

[@fantastikfanatic1900]

You have it all Just work on a trudeau government contract.