@van111111111
I really appreciate a Canadian investing channel. We’re so closely linked to the US economy, and yet we’re in such a different world sometimes that it makes it really hard to follow a US investment channel. I appreciate the advice! For my situation, it seems to make sense to stick with VFV for now.
@WildWilly292
Your videos are so helpful, thanks so much Adrian! As a Canadian getting paid in USD, I think it definitely makes sense for me to invest in US market rather than the Canadian equivalents. Originally I was just going to convert to CAD and do everything in CAD, but you made investing in US market sound way less complicated/scary. My plan is to ride VT for many years.
@torenatkinson1986
So just to make sure I understand every step correctly of what is being described in the video: Use Norbert's Gambit to convert the CAD money in the questrade RRSP account over to USD Use the USD to buy stocks in V00 Hopefully that's correct!
@timothywatt
Great video comparing the pros and cons of Canadian vs U.S.-listed ETFs! I'd also like to mention one thing to keep in mind when holding U.S.-listed ETFs, stocks, or any other foreign investments. If the cost of your foreign investments is $100,000 or more, you're obligated to file Form T1135 to the CRA every year. Canadian-listed ETFs that contain U.S, or other foreign, holdings (such as VFV) is considered a domestic asset and is not considered foreign ownership. It's important to keep this in mind, and to keep track of how much you own in foreign assets, to avoid being hit with fines for failure to file Form T1135.
@GF-po4lb
This guy takes it to the extreme, I buy VOO in Tfsa without thinking
@charleschan2038
Completely understood why buying a Canadian ETF for US stocks is a bad idea in a TFSA. Thank you for pointing out that different investors (low vs. high income) will have different routes, and recommending their appropriate actions respectively. I been buying VFV thru TFSA in a Dollar Cost Average method, but now know I should switch to the RRSP method and probably buy in bulk to avoid regular daily conversion fees.
@jin6000
Thank you so much, as always, for your videos Adrian! So much great content and so helpful. Appreciate you!
@tkwcash2136
Thank you for this! I am just in the process of pulling all of my RRSP's out of RBC and over to Questrade and was confused about the VOO vs VFV but this makes total sense!
@jonattias24
Great video Adrian, would you recommend to invest in VFV or VOO for an RESP account ? Also, another video idea is to talk about the differences between all S&P 500 ETFs (such as VSP, XUS, XSP, HXS, etc.) available to Canadian investors.
@blackchickadee1
Thank you Adrian for sharing this. I realized I’ve only noticed vfv but never paid attention to voo. Will be moving over to voo.
@tusharrajpal25
This man is making a real impact with his work. THANK YOU
@GabesHacks
I'm a dual CA-US citizen, so my income in a TFSA is taxable in the US anyway, so I invest in US ETF's in my TFSA. As long as my US taxable incomes ends up below the standard deduction amount (~US$12,900) then I'll get that 15% back at tax time. I'm not using an RRSP since I want to keep that money accessible for buying a house (not a first-time buyer so FHSA isn't an option, but that would have the same US-tax issue anyway).
@monicac2466
Thank you for this. I had VFV for a couple years now, but am finally diving into RRSP. I am hoping to increase my income significantly in the next 2 years, so I'm trying to balance my investments between TFSA and RRSP so I can take advantage of not being dinged with the 15% withholding tax on US Stocks in my RRSP. I'm glad to see you're still putting out content <3
@Mechyvelli
Thank you for posting this, I had no idea and I have $1,000 in VFV.
@ib516
When I put both into backtest portfolio analyzer, VFV out performs VOO by a huge margin. 10k invested in 2013 yields 46k in VFV and 35k in VOO in 2023. That's a huge advantage for VFV
@createyourownway12
@CanadianTShirt I appreciate your breakdown video on VFV vs. VOO! I analyzed the past 10 years of performance for both, and I found that VFV has outperformed VOO due to the weakening Canadian dollar over this period. Since VFV is priced in CAD while tracking the S&P 500, the currency depreciation has boosted its returns compared to VOO in USD. I’ll make a short video explaining my calculations in more detail.
@shansingh5059
Thanks buddy. Well explained and I have avoided so much hidden charges. Keep shedding lights on these inv. topics and we'll keep supporting you.
@emilylawrence6051
very well explained!!! at first i thought you werent gonna factor in the Rfx-rate of foregin exchange rate. so glad to see you did and pointed out the fact there is no difference as long as we are converting the usd back to cad. thank you!
@rad8304
Depending on individual situation, we will have to pay withdrawal tax (I.e. 20%) when we sell VOO in RRSP and withdraw funds. Holding VFV in TFSA seems like a better option because the witholding tax and higher management fee will cost way less
@CanadianTShirt