Summary
Highlights
The video presents an update on a $1.43 million portfolio, covering February and March. The presenter uses Passive, a portfolio management tool, to track investments across six accounts. The total value, in Canadian dollars, stands at $1.435 million as of March 20th. Passive offers features like organizing portfolios, tracking transactions, dividends, and creating model portfolios. The video also highlights a 50% discount on Passive's Elite membership for non-Questrade users.
The retirement accounts, comprising the presenter's RSP, wife's RSP, and a small LIRA, make up about 39% of the total portfolio. The presenter's RSP increased by $8,000, now valued at $258,000. QQQY is the core position, with an initial investment of $120,000 USD now worth $131,500 USD, with all holdings on DRIP (Dividend Reinvestment Plan). Maxi (a Bitcoin ETF) significantly boosted the RSP's value. The wife's RSP also saw an increase, from $247,000 to $251,000, with JPY as its core position (initial investment of $100,000 USD now worth $112,000 USD). The LIRA, entirely invested in Bitcoin (Maxi), is up 39%, with a $33,000 investment now worth $46,000. All retirement accounts are managed with DRIP, and shares consistently increase monthly.
The main portfolio, consisting of two TFSAs and a joint cash account, is valued at $879,000, representing 61% of the total portfolio. The presenter tracks this portfolio daily on Blossom, a social investing app. Two significant changes were made: swapping out HD and selling DGS. HD, a Canadian-focused ETF, was sold for $60,000, with half ($30,000) invested in H-y-l-d and the other half in Q-Q-Q-C. This was due to a preference for US-focused funds and a higher yield from H-y-l-d. The presenter, as a non-resident of Canada, does not benefit from eligible Canadian dividends, making the swap financially sensible despite a small capital loss. DGS, a Canadian-focused ETF with missed dividends, was sold for $25,000 to improve income security and increase US exposure. The funds from DGS were reallocated into F-T-N, Happy, and Y-S-L, maintaining a similar high yield.
The portfolio has been streamlined to 13 holdings. The presenter aims to increase the Q-Q-Q-C position to $100,000. Core Canadian positions (Bank and ENC-L) are maintained due to their exceptional yields, despite a general shift towards US exposure. The presenter also holds RS as a core real estate position. Alternative, higher-risk positions include F-T-N ($60,000), Happy T.E. ($30,000), Y-S-L ($22,500), B-T-C-Y, and E-T-H-Y. The presenter added $5,000 to Q-Q-Q-C and more to E-T-H-Y, aiming to average down its price. The target for Y-S-L is $25,000. The only position potentially considered for future streamlining is F-T-N, but its current high yield makes it difficult to justify selling unless a break-even point is reached. The portfolio's current value is within 4% of the book cost, demonstrating good performance.
Y-S-L's distribution was lowered from 40 cents to 30 cents due to Tesla's performance, but it still offers over 20% yield. B-T-C-Y and E-T-H-Y saw positive distribution increases, with B-T-C-Y now yielding 10% and E-T-H-Y at 8.72%. The main portfolio is close to generating $10,000 in monthly income, with an overall yield of just under 13%. Annual gross income is reported in Canadian dollars. A 25% withholding tax applies to the joint cash account due to non-residency. The annual summary for 2024 shows nearly $28,000 in income for the first three months. The total realized profit since inception is $436,000, and if all assets were sold, the total return would be 43% ($1.3 million).
The presenter encourages viewers to join the PI Inner Circle for $2.99 CAD/month for exclusive content, live trade alerts, and weekly opportunity reports. He also recommends following him on Blossom (username: AdrianCorpi), visiting his website PassiveIncomeInvesting.ca for free tools, coaching, and a digital product called 'The Ultimate DIY Investing Package,' which comes with lifetime updates. Referral links for Questrade (broker) and Passive (companion tool) are provided, offering free trades and 50% off the Elite membership, respectively. The video also promotes a Facebook group with over 14,000 members for community support and interaction.