In this video I ask the question, “should Canadians buy US stocks in their TFSA?”
TFSA US STOCKS
Please remember that while I’m a big fan of investing in the US market, I also love our Canada and know there are great investments here in CAD.
Also, note when investing in a TFSA in the US, you will be charged withholding taxes on any dividends you make. Capital gains in this scenario are tax-free.
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[Not financial advice. I’m not a financial advisor. I am a guy with a paper bag on his head who loves investing and thinking about the future. Do your own research and think for yourself.]
WHY THE PAPER BAG? Watch this video:
MY INVESTING STORY:
I come from an engineering background, but began investing in 2009. It’s been a journey of learning since then but have been able to return over 20% per year CAGR (compound annual growth rate) with my investments. I hope to continue to meet or exceed this return over the next 10 years.
My goal for this channel is to help others who are interested in personal finance and investing learn and grow.
HOW TO 10X YOUR INVESTMENTS – My story:
OPENING A QUESTRADE ACCOUNT? Step by step instructions:
And use my code below to get :
Support the channel by getting 100 Baggers by Christopher Mayer here: https://amzn.to/33iqbap
This is my take on the investing book “100 Baggers: Stocks that Return 100-to-1 and How to Find Them”, written by Christopher Mayer. Finding just a single one of these may finance a retirement.
Playlist of more advanced stock market concepts: http://bit.ly/2QOANKP
Top 5 takeaways from 100 baggers:
01:30 1. Buy Puppies
03:38 2. Twin Engines
06:39 3. Owner-Operators
08:17 4. The Coffee Can Portfolio
10:52 5. Ignore The Macro Analyst
– Focus on companies that still have a long road to travel, but make sure they currently are on the right path.
– Look for companies that can continue their growth for years to come, and where there is still room for higher valuation of multiples – the twin engines.
– Only board the plane if the operators are onboard too
– Avoid emotional errors by putting your stocks in the coffee can
– Turn off the news, stop checking the total value of your portfolio every day, smash that like button and focus on finding the future 100-baggers, no matter the market sentiment.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett – the greatest investor of our time – says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
CNBC’s Leslie Picker reports on Warren Buffett’s Berkshire Hathaway’s latest filing with the SEC, which has some details that have surprised market participants.
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