WHY are SPLIT Share Funds GOING DOWN? 3 Reasons + 5 Tips for Newer Income Investors DGS GDV DFN FTN

[@jt4621]

Thank you! I was getting really worried-no dividends, tanking share prices... I was getting ready to head for the door! Your explanation has made me realize what is going on. A good illustration of exactly why newbies like myself tend to lose money in the stock market. I will fasten my seatbelt and hang on for the ride back up instead of bailing at the bottom. Your input and expertise is invaluable.

[@PassiveIncomeInvesting]

i made this video specifically for investors like you! thanks for the feedback . it was well worth it just to see this 1 comment

[@MurrMan23]

@@PassiveIncomeInvestinghonestly split share funds scared me. Today I did some digging and I’m probably going to dabble in some of these deals now. Even if it goes below unit nav of $15 I will wait for the up turn.

[@ardbegrules3973]

Thank you for this timely vid! I have a big position in FTN and LBS in my non-registered. As a former fund accountant (12+ years) I can tell you, while it's annoying QV only publishes 2x a month, most big hedge funds only publish 1x a month and super large PE funds publish quarterly. Professional fund administrators also publish T+10 business days after month end or even later normally. Bought a bit on the dip but no more. Never said this before but you've totally helped me become financial independent and also remain in Toronto with a roof over my head with KLIP and YieldMax intros I would have never heard of elsewhere. Thank you so much.

[@PassiveIncomeInvesting]

glad to help but you did that yourself :)

[@Patgenois75]

Dude! You have no idea how much I needed to hear this today. I already knew all this but just hearing it helps going through this storm. Thanks man

[@robbw4264]

Me too !!!😊

[@joannapatterson4625]

Split funds were never a major part of my portfolio. The goal for me is consistent income. I’ve focused on the US market and ETFs from day one. Also, I decided to keep at least 30 positions of varying weights which has served me well during various distribution cuts. Thanks for another video 💥

[@richardlannon]

I had planned on moving away from Splits but things shifted fast. This is a good video and I agree, they do have good quality stocks in them. It is a waiting game but I will sell small portions were I am profitable and buy into other things. Thanks for the video.

[@dividenddepot]

Especially true for the preferred shares of splits, buy the dips or pullbacks and hold long term.

[@dalesutherland7092]

I have just retired and thus my strategy changed from growth to cash flow through collecting dividends. I bought DFN and FTN as they represented a group of the highest quality banks, thus less risk than holding individual stocks. My plan was to adjust my portfolio towards high dividend ETFs after collecting dividends from the split share funds. However "ON" the date of record DFN dropped big time. I find that some wording of the rules of the Ex-dividend date and the Date of Record are different. Do you collect the dividend if you sell "ON" the Date if Record or do you have to keep the fund until the close of the Date of Record day, meaning you are able to potentially sell on the next day ???. Is this different for different managers ??? Thanks to Adriano's video I will keep, at least the majority, of DFN and FTN and wait until the Banks regain their footing, hopefully by Christmas. Thanks for your dedication Adriano.

[@chriscullen1411]

Adrian great points. This is the way I look at split Class A's in down markets for my personal account. Leverage provided by preferred shares is fixed (a constant dollar amount, not variable / % of NAV like many leveraged investments), which basically means that as NAVs and share prices for Class A's go down, there's higher leverage and more potential for Class A's to jump strongly when markets eventually take an upturn as they have in the past. I've been in this business for long enough (since 2006) that I now start to get kind of excited when Class A's start declining like we're seeing now. Not a strategy for the faint of heart - market bottoms can't be timed, you may get some more downside before the upside - but it's been a very good capital gains strategy for me.

[@PassiveIncomeInvesting]

thanks Chris!

[@chriscullen1411]

You the man Adrian@@PassiveIncomeInvesting

[@bfuller6109]

Thanks I just bought 2000 DFN shares at $6.23 missed the first dividend in August and didn't even know about how these split shares function. Now I think I should have bought an ETF you recomended like CNCL or really BKCL to diversify more into CDN financials. I was going to sell but I will stick with your recommendations of holding for a better day and not fall prey to the fear trade. I thought DFN was going to be a solid selection for passive growth, lesson learned. Great channel and advice thanks!

[@PassiveIncomeInvesting]

lesson learned right? DFN still holds quality. dont forget . at that price it def. not a bad investment

[@Trader-M]

DFN is down to $4.59. It keeps falling even on days the banks are green.

[@geekyvibes]

It doesn't make sense. Why is DFN falling when the banks are green? It's 4.35 now

[@bfuller6109]

@@geekyvibes it looks like it made a comeback! kind of

[@picklerickerton8955]

Firm believer that dfn is a coin flip right now! Big gains if it comes back

[@caroleboots]

Thank you so much for caring for the PII family! boy I was getting worried, now I understand more and will weather this storm

[@PassiveIncomeInvesting]

Thank you for being part of it !

[@rudykatwaroo8260]

Biggest lesson learned is keeping my portfolio balanced. Being heavy in DFN, FTN, DF has made for an interesting journey. When they come back around, I will be rebalancing. I will ask in the FB group what would be a good % of SS fundin in a portfolio. 5%? 10% 15%? I know it's up to me, but I'd like to see what the veterans have to say

[@shaterian5541]

Your biggest listen here is to stop following his financial advice and buy a broad low fee index fund

[@carloscouto3832]

Split funds are obsolete IMO. Too many great high yielding ETFs out there now. Why take the risk of missing dividends it only brings down your yield anways

[@shaterian5541]

@@carloscouto3832 total return funds are what’s important not just chasing high yield funds that return 15% but lose 14% share price the same year

[@rossbroughton3230]

..these are the guys that buy high and sell low. Good luck with that. Me? I'm buying FTN..

[@Cards450]

Hi Adriano. Thank you for being with us. Especially in these moments of high volatility. When I am alone, I'm a bit afraid. But when we are many people here in the same situation, we are less afraid 😅

[@Adman-p4j]

After your last quick video on the SPLIT share funds - I went in hard on DFN. Best time to buy for sure.

[@PassiveIncomeInvesting]

yes for sure. as long as you understand the risks!

[@christianboisvert9455]

Is there a place we can see historical nav of FTN ?

[@PassiveIncomeInvesting]

do not think so

[@dwennisrackley9927]

Thanks Adrianno - I can see that this has been bothering you because you have recommended or at least presented these funds to your audience. Some of us that have been investing for a long time can hear your words and did our own research after you found thee funds and thus we knew what to expect. In 2020 I had DFN and when it missed a few distributions then reinstated it - then it missed another distribution it made me wonder but overall I have done well with this. So, keep up the good work ....

[@PassiveIncomeInvesting]

"bothering" is not the right word i would say. what really bothers me if people who invest in things and don't understand how they work and then blame a KZbinr, the fund or a fund manager . this is what my goal is , to educate.

[@Les-ry9hi]

Thanks Adrian for the explanation on the Split share Funds

[@patrickbelanger6253]

Right now, split corp funds are major part of my strategy, but I was aware of the risk of missing dividends, and like everyone else, it's annoying not getting distributions. Since I don't live of from dividends, it's not a big deal for me.

[@sniperfx20]

Fine you convinced me. I'll hold these losses for now ..... but I'll drop all split funds later and just focus on ETFs

[@jacquesfournier4616]

When markets goes down, there is really nothing to do except wait until it goes up! I only have five split funds in my portfolios, they all went down but are still over $15 unit nav. They are not the biggest funds that I own. Overall, until now, I am not loosing too much in term of $$. I am looking to buy more stuff...😬

[@yashpreetricky]

thank a lot for all the clarification, so investors will be at ease now.

[@travisloewen6191]

Thanks for the video! I actually feel a lot more comfortable with split shares than income ETFs at this point. I like the safety feature of stopping payments completely to help the fund recover. It makes sense and gives me piece of mind.

[@kevinhallman4286]

Where is the best place to find the current NAV for the Middlefield split-share funds? When I go to their site and look at ENS or RS I cannot see their current NAV values stated anywhere. It is stated in their fact sheets but they were last updated June 30 which is obviously a bit out of date.

[@PassiveIncomeInvesting]

middlefield.com/funds/navs/

[@kevinhallman4286]

Ok, thanks for that info. I see it now on their site where need to go to the funds tab and instead of clicking on the applicable fund, click on the NAVs option, which I missed seeing before. It certainly would be helpful if they would provide a link to the NAV info on each of the funds specific detail pages.

[@pinkhairblackman8141]

I always wondered, what is a months worth of distribution 10 cents for a fund like dfn in nav value. Like how much the nav will increase with that 10 cents, if the fund doesn't pay that distribution that month for class A shares.

[@HH-ju2yo]

If NAV states where the price has to be… but then NAV continuously goes lower and lower, then what is the hold time required to win.? I mean 5 years over FTN has done nothing but fall long term.? Please advise.

[@vicmiklausic5415]

Thanks Adrian. I just hate how Quadravest doesn't publish their NAV until the middle of the month but yes the NAV is the key.

[@PassiveIncomeInvesting]

me 2,

[@climbergreg5011]

Quadravest posts the NAV's twice a month, mid and end of the month... but what's frustrating is they're always late in posting, and not just by 1 or 2 days.

[@vicmiklausic5415]

@@PassiveIncomeInvesting and look at what FTN did today (Friday Sept 8th)! Up 10% from yesterday. Roller coaster? You need a strong stomach to deal with this one. And Brass Ba....s.

[@jt4621]

Is it better to buy class A shares or Preferred or do you get to make choice when you buy?

[@PassiveIncomeInvesting]

choice, they are 2 separate tickers. please see my split fund explained video. its 1 hour long but its all you need to know

[@marcomarchand731]

I needed to watch that clip. Thanks for the reassurance.

[@Sk3p_T1kal]

Thanks Adrian! You know, I never really paid much attention to the premium/discount even though you've talked about it a lot. I figured: it's still a high yield, so why not buy it regardless; and if I'm down in the stock, why not buy more to lower the cost? I guess I never bothered to understand the difference between what it's trading for and what it's actually worth. Now I know and will take it seriously!

[@PassiveIncomeInvesting]

its the most important thing by far

[@Sk3p_T1kal]

@@PassiveIncomeInvesting 👨‍🎓 lesson learned 👍

[@dang1343]

"Instead of playing Diablo 4 for an hour"...the life of a passive investor. Love it !

[@PassiveIncomeInvesting]

lol its true! lvl 70 Sorc

[@endysdoodoo]

A lot of the split shares are trading at a premium so when times are tough people sell off. When the markets good they buy in creating the premium. Just like Adrian said. That's the biggest reason as to why they tank. If your not getting the dividend you make no money and the stock is going to crash so they sell if there's even a chance of a dividend miss.

[@capitalzgrowth2147]

Could you clarify what you mean in your WHY#2 about how class A Shares use synthetic leverage from the preferred shares? Thanks for the great video!

[@PassiveIncomeInvesting]

i explain it right after the statement. see my split fund explained video like i mentioned at the end of the video

[@dkyrtata6688]

It's because Class A shareholders are in partnership with Preferred shareholders (anywhere between 40/60% to 60/40% depending on the fund). So Preferred shareholders receive their guaranteed amount (usually from the dividends paid by the underlying stocks) while Class A shareholders get 100% of the growth/shrinkage of the fund even though they only own 40-60% of the fund.

[@schhomeimprovements2517]

Great information. As usual. 🎉

[@rbvan]

Between GDV, FTN and DFN, I’m down $16K in just the past month or so. Sure hope this turns back around in the future. DFN is not paying a dividend which irks me, as my drip could have purchased more shares at the lower price. So far September dividends are still coming in for GDV and FTN. When things improve, I’m dropping DFN. 😞

[@PassiveIncomeInvesting]

like i said, use this as a learning experience and remember what you are really invested in. of course it will "turn back around"

[@rbvan]

@@PassiveIncomeInvesting thanks Adrian!

[@dkyrtata6688]

Yeah, I am down too but I don't bother to look since it gets worse every day. That's what down markets do to every fund. And each down market has different reasons for its declines. But the one thing that is always the same is the recovery.

[@marclandry638]

Thanks Adrian, i appreciate you taking the time to explain that for some of us newbies.

[@capitalzgrowth2147]

I'ts hard for me to pull the trigger on dgs with the great alternatives, especially from horizons. I wonder what the veteran investors would do in this sort of situation and our economy. Ens and RS are great buys right now, too. Just not sure how quickly these NAVS could drop ($21), and if gambling on dgs could be worth it as well.

[@catherinedesilets8960]

Thanks for doing this video last min to help us 🙏🏻

[@ccacmy]

Thank you for this video, i am absolutely agree with your point of view about the NAV and now is time for me to get ready to go in the split fund when the stock price close to NAV,

[@belovedsurfing7210]

#1 Tip for Split Shares : DON'T buy when the Premium is past 10% - 15%. I have taken a massive haircut on Splits because I bought at 30%, even higher 😅, Premiums. How to Check Premium : Stock Price / NAV * 100 = Percentage you're paying above or below the Intrinsic Value of the fund. E.g. : DGS is trading at 4.65 NAV is 4.80 4.65 / 4.80 * 100 = 96% So, the Stock Price of DGS is 96% of its actual worth. A bargain. I screwed up and bought my Splits way too high. Learn from my mistake. At least I won't be selling now, but paying so much and not getting Distributions for months on end hurts. I'm out of Splits as soon as I can recover my heavy Stock price loss. Missing Distributions for months is not why I do Income Investing. Question : If everyone comes to my conclusion, and drop Splits, will the Stock Price never recover? Oh dear...will a bunch of people (including myself) be left holding the bag on Splits?

[@PassiveIncomeInvesting]

i think that is a fairly good TIP, but remember its personal opinion also. i have bought RS when the Premium was more than 15%. again the stock price DOES NOT MATTER . eventually people come to their senses. the more people SELL the more the Veterans BUY and typically HOLD so it takes shares out of circulation. so when people start buying again, it will go up. supply and demand 101 because remember there is a set number of shares

[@belovedsurfing7210]

Hey Adrian. Sorry for taking so long to reply. Appreciate you taking the time to make one as always. You're right. It's just my Personal Opinion (and yours as well often expressed in your video), but I think it's a good rule of thumb. I just have to disagree with you on the Stock Price though. Sure, buying DFN at $8, and it going down to $4.60 or whatever it is now, likely won't be a permanent condition, but it's chances of recovering back to that $8 price are unlikely. Why? It's share price has continued to depreciate since its inception. The higher the price you buy in, the lower your Total Returns. Buying Splits when the price is low just makes more sense. You get a higher Total Return. And, when there are so many great CC ETF's out there, that you have introduced many of us to Adrian, what reason is there to buy Splits when they're above 15% premium unless the Yield is ridiculously high? It hurts me if people don't buy DFN or DGS as I've been killed on these funds, but I get it. When they recover (hopefully back to the highs I bought them at) I'm out. I think many people feel the same. Regardless, thanks for the great videos and information as ever Adrian.

[@tomcoleman550]

God Bless you Adriano, I can see your heart is in this and you want the best for those who follow you, You will be rewarded, cause your honest!!

[@PassiveIncomeInvesting]

appreciate that!

[@Rob-ob3sh]

Thanks for the update Adrian.

[@valveman12]

I couldn't agree more. Bought 1500 shares of DGS, and will buy more. Buying more DFN, FTN, GDV and LBS as well. This is a great opportunity to stock up on these stocks.

[@PassiveIncomeInvesting]

yup, this comes with experience. You will be laughing later on

[@Sk3p_T1kal]

But they're not ETFs..

[@chriscullen1411]

yes true they are CEFs (closed end funds) but let's not quibble LOL @@Sk3p_T1kal

[@henryhonda8408]

I waited until DGS missed a couple dividends before buying 6000 shares at a discount to Nav. I don't care if it misses more monthly dividends as I know when it finally does pay I'll more than make up for it in spades with some major capital gains on the share price. It's the only split fund I have now as I sold my DFN a year ago and then in the last couple months I sold all my FTN & even BK (both at a nice profit). With BK I purchased BKCL which is paying a higher dividend so it was an easy decision to make last month. With the sale of FTN I bought a good amount of HMAX & DGS. Like Adriano says it's ALL about the Nav........ DON'T buy it when it's selling at a high PREMIUM (that was another reason why I sold my BK & FTN).

[@henryhonda8408]

It's also a good time to buy some DFN but myself I would wait until it misses another dividend payment. If that happens the share price will be much lower and the slight premium it's still selling at will most likely disappear. I'll never buy another split fund at a premium price even after they all recover when the stock market improves. There are so many great new ETFs with high yields so why take on risk with split funds. I'll only buy distressed split funds like DGS & DFN etc when they miss payments.

[@andre-qy2il]

Close to 6k down on each of my GDV & SBC investments lol. I won't bother keeping split share fund stocks after I break even with dividends. Way too unstable for anyone's portfolio, wouldn't consider it an asset despite high dividend payouts.

[@wondersofnature271]

Thank you for the tips and re-assurance.

[@tariqs2072]

Could someone explain what ENS (ENB split share fund) does with the rest of the yield if any leftover and also why the distribution hasnt moved up with ENB over the past 5 yrs?

[@PassiveIncomeInvesting]

Gets reinvested in the nav

[@tariqs2072]

@@PassiveIncomeInvesting great thanks

[@dkyrtata6688]

Because your Preferred share partners got the increase this time around in May. Class A investors of ENS got an increase a few years ago. Split funds do not give annual increases like the underlying stocks because they are paying more than them.

[@xtasktaste0]

Many thanks.

[@faizan418]

Thank you. Needed this

[@dq7410]

Needed this vid, thank buddy. Hard times lately.

[@dwaynecunningham2164]

Do ENS and HMAX still pay a dividend when the NAV is under 15?

[@PassiveIncomeInvesting]

Is ens a split fund ? Is Hmax a split fund ?

[@kevinhallman4286]

Yes, ENS will have the same issue if their NAV drops below $15, but the NAV in that fund is normally quite high. However, I don’t like how Middlefield updates the NAV on their site. I can’t find it stated anywhere other than in their fact sheet which was last updated June 30, unless I am just blind and can’t see it. Lol. Anyway, at that time the pref NAV was $10.13 and class A $11.96 for a total NAV of $22.09. Thus it would have to drop a lot to get below $15.00, but obviously not impossible. HMAX is not a split share fund, so is not applicable.

[@dwaynecunningham2164]

@@kevinhallman4286 THANK YOU SO MUCH!!!!!!

[@kevinhallman4286]

After being pointed to where I could find the current NAV as of yesterday it was still $10.24 for class A and $10.13 for preferred, so the total of $20.37 is still well above the $15.00 limit.

[@dwaynecunningham2164]

@@kevinhallman4286 DID YOU ROCK! THANKS AGAIN

[@pm7315]

Novice investors are going to lose a lot of money with these down turns.

[@ManTimeT.V.]

So are experienced investors...

[@PassiveIncomeInvesting]

if they sell

[@PassiveIncomeInvesting]

if they sell

[@shaterian5541]

Tell us how much you get paid in Your sponsorship videos. We know how much you sell your one on ones for

[@pm7315]

That's right Adrian you only lose if you sell. Its a great time to buy! @@PassiveIncomeInvesting

[@richmondskrzypinski9100]

Well done, well explained Adrian! 😊 Good to help newbies not panic sell! Adrian you should be proud of the info and teaching you provide to all investors, but especially new investors! 😊

[@johnmiller8946]

Thanks very much for your coverage of this! In your experience how will the NAV recover if they are writing at the money calls? Will the NAV stabilize at just over $15 and stay there until the next downturn in the underlying stock price?

[@PassiveIncomeInvesting]

who says they write at the money calls? i doubt it and even if they did it would not be on the whole portfolio. like i mentioned, the NAVs most important factor is the holdings inside , that's whet dictates the NAV

[@chriscullen1411]

At Brompton the general idea is, as markets get volatile, the option premiums get larger, and the PM team would write further out of the money (strike prices go above the ATM level) to allow for some share price recovery.@@PassiveIncomeInvesting

[@Meisterinsekt]

It's just like you say, you have to have experienced it to learn and understand.

[@PassiveIncomeInvesting]

or you can watch my split fund videos :)

[@gregsly308]

I just invested in FFN FINANCIAL 15 SPLIT CORP. II CLASS 'A'

[@jasonhoffman9607]

Hey Adrian, can you explain ENS and the offering and how that is affecting the price/distributions going forward? Thanks!

[@thetiredlinecook]

they're just offering more shares,price gets diluted and goes down but trend usually dictates it will eventually go back up. i would buy more👍

[@jasonhoffman9607]

Thank you. I did. @@thetiredlinecook

[@PassiveIncomeInvesting]

just a note that there is no "dilution" since the shares are offered at a premium to NAV.

[@jasonhoffman9607]

So why have the shares dropped so much on the news?@@PassiveIncomeInvesting

[@mikederocher3204]

Adrian, thank you for this video and I think it will educate a number of people, great content, Thanks.

[@PassiveIncomeInvesting]

Hope so!

[@randalxu4889]

Thanks Adrian for another timely video to address the market turbulence. People tend to forget the market goes up and down all the time. I think out of 3 reasons human behavior is the major one. Most people usually do fomo buy and panic sell. We need to get out of this mentality and invest with a calm mind. This is the reason why I became a PII: stay calm and stay passive.

[@roberttaylor3594]

well, I sold DGS at $4.51 and put the $ elsewhere that has more secure payouts. DGS is lower now, so so far I'm ahead.

[@Jordan-or1bi]

Thank you for the video and advice!

[@BobBob-zo8om]

thank you to explain :)

[@ArmandoFalconi-mo7mz]

Help me understand what's going on with ens and bk? Getting killed emailed companies no good answers.

[@PassiveIncomeInvesting]

you didnt watch the video?! this applies for all split funds. the answer is right in front of you. ENS = Enbridge . whats been happening to enbridge stock price? BK = Canadian banks. whats been going on with Canadian bank stock prices lately? its not rocket science

[@sidb9540]

Bro I own THOUSANDS of these shares, EACH!Just look at the NAV and buy more if you can... ENS is tied to Enbridge.. which can NEVER go to 0!

[@bittergosling6113]

It is simply panic selling. I have large positions in BK and ENS. High interest rates from the FED and fear of a recession has seen tonnes of money pour out of the market or into a limited number of tech stocks. Also, October is historically the worst month in year for the market. People are panicking and dumping their positions. Enbridge and the Big 6 Canadian banks are not going to zero. However, also look at the underlying assets. The biggest holding in BK is Royal Bank (RY), and it is really trending down right now. There is fear in the banking sector related to high interest rates and possible increases in mortgage defaults. With Enbridge, they just spent billions to buy natural gas companies in the US. Even though this really diversifies their assets, some investors didn't like it and the stock took a hit, which forces ENS down.

[@sandronishiguchi5720]

Thank you for the video

[@PerfectPoint100]

Pick up some more GDV today.

[@snoringord]

Thanks Adrian!

[@stevedesy963]

Thank you for this video, it was appreciated.

[@Dividend_Info]

Income investing forever :D I am not so big fan of ETFs, but for those who haven't time to research companies, ETFs are the best place to invest.

[@HamiltonRb]

Im totally the opposite, in that I much prefer an index or sector etf, than hold single stocks. Not just the time involved to continuously monitor individual stocks but I want the diversification. I don’t however like leverage on any etf Im an investor not a gambler

[@DavidWebsterAD]

One thing I don't understand is why would you buy GDS if the price is $4.31 and will not pay distributions until it reaches $15.00

[@PassiveIncomeInvesting]

its until the UNIT NAV reaches 15. see my split fund explained video...

[@alcormier417]

Thanks Adrian. Good video. Get some sleep.

[@OhReallyQc]

Buy the dips !!

[@belovedsurfing7210]

Hey Adrian. Sorry to make this point again, but did you see my original post on this video? KZbin doesnt seem to like me. 🙁

[@PassiveIncomeInvesting]

it must have been to long lol let me check if its in the "held for review" section

[@belovedsurfing7210]

@@PassiveIncomeInvesting Thanks Adrian. "Held for Review"? Yup. KZbin doesn't like me. Must have been because I criticized the CCP regarding Klip. Just can't invest in China myself because of the CCP's track record, but I celebrate people freely making their own decisions. KZbin I imagine doesn't like that kind of controversy though. Can't stop the Free Speech train though. Have a nice weekend Adrian.

[@joelouellette8426]

Really Appreciate this video will keep my ftn, Thanks

[@Mmagic888]

First!

[@dwights1024]

Congrats u want ur prize?

[@photoMorg]

I have RS but it would be nice to have a CC reit

[@PassiveIncomeInvesting]

BILT was there by Evolve but it closed since it was not popular

[@dividenddepot]

Like all investments, buy when it's undervalued, always wait for some fear in the market and get in when others are getting out. Long term it should pay off.

[@oldveeh]

Come on dude ! Not D4... Why don't you give BG3 a try, I'm pretty sure that would be the best occasion to make YT videos at 4am... :D

[@PassiveIncomeInvesting]

i can't go down that road and get addicted again like WOW. moderation!

[@oldveeh]

yeah I hear you. I'm saying that but I did not even bought the game myself, too afraid of the rabbit hole as well. lol Great vid. I lost faith in DGS/DFN but I'm glad to see that I'm not the only one. It will bounce back eventually. someday.. Take care

[@veneetbansal8559]

Diablo 4 vs KZbin 😂

[@shaterian5541]

Welcome guys. He is your number one source of destroying your family wealth. All this nonsense and you could have just been in xeqt or vfv and not have to deal with all this BS. Imagine never have watched his videos in the past and not invested in what he recommended! Remember 1-2 years ago how he pushed how amazing these split share corps were and how amazing the 18% yield was?

[@PassiveIncomeInvesting]

thanks! spoken like a real man. blaming some1 else instead of taking responsibility for your own actions and decisions. you clearly STILL do not understand how these funds work and their risks. is that my fault? or yours? since you seem to have low intelligence let me spell it out for you: i do not recommend anything, i provide my opinions, show people how I INVEST and educate on income oriented funds

[@billlumley9493]

Yet another respectful comment from the Oracle of Panama. Better alternatives to splits have been out for months yet he still promotes this stuff. Ask yourself does Adriano really care about his audience or his KZbin and sponsorship revenues!!

[@shaterian5541]

@@billlumley9493his interviews are the most soft ball answers you could possibly ask and always cuts In to say I totally agree. Would not expect more when it’s a paid advertisement. Gotta remember nobody is sponsoring ads on his channel for free. He doesn’t even have the balls to come out and say my bad guy you down 50-60% on a fund I pushed. His core holding Hyld for example is hemorrhaging cash. Hyld buys and sell out of underlying etfs every couple month. Are down nearly 30% in two years and underwater still if you count the dividends reinvested. Meanwhile snp500 up 18% this year nasdaq 40%. I stand by my statement, The number one source of your wealth destruction. Has he ever once asked Hamilton why in the holy hell is your MER 2.5% higher than most mutual funds. Has he ever explained dividends are just simply your own money coming back to you, it’s not free money. I wouldn’t expect him to ask anything about CC since he has stated he has never traded an option himself.

[@Magdalene777]

I think it's because people are dumping riskier investments.

[@PassiveIncomeInvesting]

doing it now is the dumbest thing you can do

[@Reaperold]

Great

[@jean-francoislegault7289]

no way your play d4 !😁

[@PassiveIncomeInvesting]

lvl 70 sorc. but now its hard.... torment is well torment! lol

[@dwights1024]

Buy DFN or nah

[@PassiveIncomeInvesting]

DGS!

[@JimGCoachingClub]

We're passionate about exploring passive income strategies from a spiritual perspective. We'd love to collaborate with you to create meaningful content that resonates with our audiences. Let's empower others through faith and financial wisdom together!

[@PassiveIncomeInvesting]

well i'm not religious, but if you want to do a collab, please contact me - [e-mail]

[@bittergosling6113]

Folks, the market is simply panic selling right now. Remember also that September is historically the worst month in the year for stocks. In 2020 I bought DFN after the market crash when it was not paying a distribution. A couple of months later it began paying and I was collecting 200.00 per month. Then I sold DFN in 2022 for a profit. I'm thinking of buying it again even though it isn't paying and repeating the formula. Note also the quality of the stocks within the funds. The top holding in GDV is Apple, the king of the tech stocks. BK holds the top 6 Canadian banks. Are the banks going to zero? No. When the interest rate hiking cycle is over and some cuts start, money will pour back into the market as fear is replaced by greed. If your risk tolerance is low, focus on ETFs and cash funds like HISA to balance out your portfolio.

[@jiggatwist]

Well said 👍

[@dkyrtata6688]

Moreover, banks perform better in a high-interest rate environment since their margins of lending money are higher. However, the problem is that they have to hold more cash in reserves for the possibility that more people will default on their mortgages. That means the banks will have less money to increase their dividends. But once things stabilize with fewer defaults, the banks' cash reserves will eventually be released to shareholders, and the banks will continue to make higher margins. Banks never lose in the long run!

[@henryhonda8408]

Ditto....... the time to buy split funds is when it misses dividend payments. Then sell when it pays a dividend (rinse & repeat). I even made money a couple times at the start of the year with FFN doing this.

[@mmmyeahh]

Meh i just see it as a way to lower my averages.

[@PassiveIncomeInvesting]

yeah because you are probably a veteran :)

[@bigbee5673]

Its your fault giving people better etf options in your last few videos (sarcasm) lol

[@PassiveIncomeInvesting]

Yes , it’s all my fault lol 😂

[@henryhonda8408]

😂😂😂😂😂 HMAX ENCC BKCL HTAE USCL etc etc etc

[@YuginSkolov]

It is buy time please don't miss this opportunity

[@56546694]

Split Share Funds are the worse investment I have made . The distribution yield are great but I have loss 30% of my capital investment in the past two years . I'm out .

[@PassiveIncomeInvesting]

did you add up all the dividends i 2 years. only counting the capital and ignoring the income is nonsense . also you only lost it if you sold it

[@56546694]

@@PassiveIncomeInvesting i would rather have 4% yield with no capital loss.

[@gtaospotlight4327]

😢Was about sell all GDV the only split fund I have.. seriously dragging down my portfolio😮 I'm a new dividend income investor thanks to your channel. Won't invest next time. I'll hold till it goes back up🫡