Summary
Highlights
The speaker introduces his monthly portfolio unveil video, highlighting his income-oriented investing strategy. He uses Passive for portfolio management, an app sponsoring the video, and mentions a free version and a 50% off elite membership. He announces his portfolio has reached a milestone of $1.5 million Canadian dollars, divided into two entities: a main portfolio (62%) and retirement accounts (38%).
The speaker details significant changes in his and his wife's RSP accounts. In Erica's account, he swapped JPY for SPY, making a $12,000 profit. He explains SPY as a superior S&P 500 income ETF that captures more upside, despite a slightly lower 20% target yield. In his RSP, he swapped ESVAL and MAXI for YMAX, an all-in-one Yield Max ETF with significant crypto exposure, realizing an $18,000 profit primarily from MAXI.
He discusses his long-term plan for the retirement accounts: two positions in his RSP (QQQY and YMAX) and two in Erica's (SPY and ESVAL) all on drip. He anticipates swapping QQQY for QQT (NASDAQ version of SPY) when it becomes available. His small LIRA account remains solely invested in MAXI (Bitcoin), which has grown from $33,000 to $51,000.
The main portfolio, comprising two TFSAs and a joint cash account, is used for living expenses. He directs viewers to a previous video for a detailed explanation of his Excel sheet tracking. He also promotes the Blossom app for daily portfolio tracking. A major change in May was swapping his HD position for GDV, USCL, and QQC, resulting in a $4,150 capital loss but an overall net positive due to income generated over time. This swap was driven by tax efficiency as a non-resident of Canada, as HD's Canadian eligible dividends were not ideal.
He explains that the new ETFs (GDV, USCL, QQC) have higher yields and better tax efficiency for his situation, increasing his monthly income by about $300. He also trimmed his Ethereum position by $5,000 to $25,000 to maintain crypto exposure at around 7.85% of his portfolio. His current goals for the main portfolio include maximizing monthly income and tax efficiency, staying diversified with a focus on US stocks and indexes, reinvesting at least $5,000 a month, and capping crypto exposure at 10%. He aims to eventually replace RS and FTN due to tax inefficiency.
The overall portfolio has an average yield of 13.51%, generating over $129,000 in annual gross income (approximately $10,800 monthly). After accounting for 25% withholding tax (as a non-resident) and expected refunds, the net monthly income is over $10,000. He highlights a lifetime total return of over 45%, comprising $344,000 in income and $124,000 in realized capital gains, totaling $469,000 in profit. He ends by inviting viewers to download his Excel sheet, watch related videos, and follow him on Blossom.