As one of Canada's youngest retirees at the age of 32, and after becoming mortgage-free at 29, Kornel interviews the top financial experts in Canada to help you optimize your investments, reduce your taxes, and help you accelerate your journey towards financial independence and early retirement. He also shares his own experiences and lessons learned in investing and as an early retiree and member of the FIRE (Financial Independence, Retire Early) movement to help you optimize your finances, specifically here in Canada.
Dividend vs Growth Investing, Rising Interest Rates, Withdrawing From Your Portfolio
Today, we’re going to tackle the debate of whether you should focus on growth vs dividends when it comes to your investing. Dividends are of course very popular. Everybody likes having that passive cashflow show up in their accounts, but are we limiting our net worth if we focus too much on dividends, as opposed to choosing a more balanced and growth-oriented portfolio? In this episode, we’ll also talk about how to best withdraw money from your investment portfolio, and how to decide if you should be withdrawing from your equities, your bonds, or your cash cushion instead. We also talk about changing interest rates, and the impact that you can expect them to have on your portfolio, as well as some tips on what to choose for the bond portion of your portfolio. For this episode, I'm excited to have Ed Rempel back on the show, who is one of the top financial planners that I go to whenever I have questions or need a second opinion about my investments, financial planning or on how to minimize my taxes. He's been a Certified Financial Planner (CFP®) Professional for over 22 years, and he’s been a professional accountant for over 33 years with a CPA and CMA designation. Personally, I found that when I ask him questions, his decades of experience as BOTH a financial planner AND a professional accountant really helps me feel secure that he has all the bases covered, as he has a holistic view from both of those worlds due to all that experience. He’s also written nearly 1,000 financial plans for Canadians over that time so he's truly as experienced as it gets in this field, and he has extensive knowledge on some of the higher-level investment strategies out there.
7/18/2018 • 1 hour, 11 minutes, 29 seconds
Maximizing Cashflow and Growth Through Dividends
Today we’re going to talk all about dividend investing for Canadians, including shedding some light on using dividend investing as part of your investing strategy. We’ll take a look what to look for, and of course the different types of dividend investing available to Canadians. Now if you’re a long time listener of the show, then you know that there are quite a few investing strategies out there. Dividend investing is definitely one of the really popular ones, especially among those that like the idea of their investments spinning of passive cashflow on an ongoing basis, as opposed to you having to sell-off some of your ETFs or stocks to generate the cashflow you want. And so today's guest is Nick McCullum from the site Sure Dividend. They specialize in dividend investing whether it’s through ETFs or individual stocks so I thought it would be great to have him on the show, so we can learn and to help us make an informed decision on whether having a dividend focus within our portfolios is something that may be a good fit for you. Nick and his team do a ton of research on dividend investing, and specific dividend investing stocks and ETFs so if this is something of interest to you, and something that you’d like to learn more about, then you can check out the resources page that Nick actually created specifically for Build Wealth Canada listeners where you can actually do a free trial to see their research and advice, and really see if this type of investing is the right fit for you. To learn more and get a free trial to any of their newsletters, you can go to the custom page that they created for us, over at suredividend.com/kornel.
