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

@pengily_emi

20 күн бұрын

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

@RockRex-lx7lg

20 күн бұрын

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

@Stephenrogzyyy

20 күн бұрын

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

20 күн бұрын

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

@pengily_emi

20 күн бұрын

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

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

Жыл бұрын

Our pleasure!

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

@graywilliams_77.

Жыл бұрын

@Olivia This is wonderful please Olivia i will also like to be part of this movement so tell me is ROCHELLE DUNGCA-SCHREIBER on youtube? please how do i reach her!

@graywilliams_77.

Жыл бұрын

@Olivia Thank you so much I was able to find her page and I already leave her a message. so happy i came here to see this thank you once again Olivia!!

@xavierbeauregard8488

11 ай бұрын

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

@androidphone6972

7 ай бұрын

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

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

Жыл бұрын

Thanks Robert. Appreciate the kind words. Thanks for watching

Useful and simple talk!!

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

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

@ParallelWealth

11 ай бұрын

Thank you! Will do!

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

Жыл бұрын

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

ty so much

Great content. Thank you.

@ParallelWealth

6 ай бұрын

Glad you enjoyed it!

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

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

@ddtdcd

Жыл бұрын

Hard working people should just work and die poor:)

@seangriffin7803

Жыл бұрын

Start with the last name Trudeau....

@malikusman286

6 ай бұрын

😅😅😅😂😂exactly 😮

@novwin3169

3 ай бұрын

Tks sir Richard Branson

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

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

Thanks!

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

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

3 ай бұрын

Thank you! Glad they are helping out!

@rbenjamin1429

3 ай бұрын

🤗🥰☺@@ParallelWealth

@rbenjamin1429

3 ай бұрын

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

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

Жыл бұрын

Glad it was helpful!

@dfhu548

Жыл бұрын

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?

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

Жыл бұрын

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

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

@MasterRichStocksOptions

11 ай бұрын

Good info on Canadian market.

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

@fostertheweekend

6 ай бұрын

Vanguard Canadá

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

Жыл бұрын

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

@Spp235.

Жыл бұрын

Best would be a simple yes or no?

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

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

7 ай бұрын

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.

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

Жыл бұрын

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

Жыл бұрын

There's one for 5.25%

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

@seangriffin7803

Жыл бұрын

That's not an investment I have every owned, but take note that America does not recognize your TFSA as tax free, so there may be some details that are lost on me..... I treat this by saying, any time the US government would impose withholding tax on my non-registered (standard cash) account. That same thing will apply if I have it in my TFSA. The US does recognize your RRSP as tax free so it will be different.

@offnl_

9 ай бұрын

Better to keep US stocks in RRSP

@dylantemperton

4 ай бұрын

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

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

9 ай бұрын

Nothing is for free😊 don’t be naïve

@valveman12

9 ай бұрын

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

@user-hm4jm1cy7m

7 ай бұрын

@@fabio1671 dumb thing to say

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

6 ай бұрын

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

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

6 ай бұрын

Vanguard Canada is good

@Papi4.44

3 ай бұрын

Hi, what are your investment goals, risk tolerance?

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

Жыл бұрын

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

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

Жыл бұрын

Yes, email info@parallelwealth.com

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

Жыл бұрын

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

Жыл бұрын

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.

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.

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

@user-dv8bs7tb5c

Жыл бұрын

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

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

I hate the word “tax”

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

Жыл бұрын

About 30 years late but whatever boomer....

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

4 ай бұрын

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

@hamedizzy5137

4 ай бұрын

@@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.

a one way ticket out.

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

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

Жыл бұрын

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

Жыл бұрын

@@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

Жыл бұрын

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

@northeasterndirtandpropert7974

10 ай бұрын

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?

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

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

3 ай бұрын

Hannahdearie22

@Stephane221

3 ай бұрын

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.😊

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

@edoliva3264

Жыл бұрын

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

@dfhu548

Жыл бұрын

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?

Step one , leave Canada.