Why I Sold My Canadian REITs - Recession Proof Stocks Q&A 2023

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Timestamps:
00:00 Intro
00:21 VDY Dividend Stock In My TFSA
01:13 Selling Canadian Reits Riocan & Smart Centres
02:18 Office Reits And Grocery Reits
03:21 Growth ETFs VS Individual Growth Stocks
03:54 My Dividend Stock Portfolio Weightings
04:30 TSM Dividend Stock VS Johnson and Johnson JNJ
05:40 Semiconductor ETF SMH Stock
06:30 China Vs Taiwan Stocks
07:18 There Is No recession Coming
07:40 Luxury Real Estate Is Not Selling
08:07 Stocks And Product Sales
09:08 17 Year Old Investing In Stocks

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I AM NOT A FINANCIAL ADVISOR THIS VIDEO IS FOR ENTERTAINMENT ONLY AND SHOULD NEVER BE TAKEN AS INVESTMENT ADVICE.

#canadianrealestate #reits #dividendstocks #canadianstocks #stockstobuynow #beststocks2023
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America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600, 000 since 2020.

kellymeghan
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Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Roger mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $350k from about $110k since the crash and I would really look to know how to go about this.

karynplumm
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Very nice to have found a channel that covers Canadian REITs! I myself cover the US and European REIT markets and find it harder to find good research on Canadian REITs. I like RioCan and will soon make a video on it. Thanks for the video

askjussi
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Thanks answering my question man. Much appreciated, love the content. Take easy bro

investinggrind
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Just sold all my atat stock to buy SCHD jepi PDI never felt more at ease. I don’t regret buying single stocks taught me alot but Kyle has the right idea in mostly having etfs less risk less stress

Dividendsmattertoo
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A lot of what you said I am seeing right now in west coast America ! My div positions are set, now I am dca this year into my fave growth stocks . I am so excited and am sleeping good at night 😂

raygrenade
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My prediction is Kyle will sell VDY in 3-6 months if not a year.

paulsantori
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first, let me say thank you for all the info. I started investing on Jan 29, last year as you already know it was NOT a good first year but I'm not giving up. I want to rebalance my portfolio my question is what's the difference between VFV and VOO? not financial advice lol. When I first started I was with a bank and now I'm with wealthsimple I can buy fractional shares.

gardyl
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That’s so funny as I did not know you sold your REI.UN and I sold mine too. I sold mine because the growth is so slow and I was getting tired of waiting for a increase in the the dividends. I thought I’m out before we get a big drop and then I’m stuck holding and waiting years for a rebound. I held this for over 2 years and divided is too low.

Rob-obsh
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Thanks for the Q&A, for me i will keep my Reit because i dont know if its a good idea to me to sell it. For sure i will buy more SPY on my portfolio because i want 40-45% on this one. Stay awesome buddy!

stewie
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If we enter a multi year bear markets dividend stocks is the way to go.

MrMelrays
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Cool idea... could you share how your fiancées portfolio differs from yours Kyle? Don't have to go into the portfolio values or anything. Just holdings. Think it would be an interesting comparison. I know I've heard you mention she holds meta, qqqm, riocan, etc.

Thanks for the response on the growth etf question. Semis in general are highly cyclical. But.... they did excellent after the 08 recession.

fitbh
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end of an era for #rioclan. Makes sense though

VinnyJoeShow
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Is TSM a falling knife? Often stocks that go down can keep going down and underperform the market for years or indefinitely?

nb-iirb
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You are aware that you can't recover the SCHD dividend witholding tax in your TFSA?

yannik
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VDY has too much bank exposure for my liking. I prefer XIU.

adamo
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You use ScotiaItrade? I had a horror story with them. Ended up filing a complaint to OSFI to get my money out. Changed everything to Interactive Brokers, and haven't looked back. Roughly 1$ a trade, and no foreign exchange (2.5%) markup when buying US securities. Scotiaitrade sucks!!!

gujyjk
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Making money, starting a business and self development can only be achieved if you consistantly work on it, it is my personal experience... if you are reading this keep in mind that you cannot become successful in a week. BTW: enjoyed watching your video, thanks. a fellow creator/...

yasinnabi
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I'm still holding Riocan. I think it offers a good return. Each month it gives me a couple free pizzas! LOL.

chessdad
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Buy high sell low. 😂. You aren’t a dividend investor. You follow indexes that pay dividends. Nothing wrong with that from an overall return perspective and hard to beat on an ongoing basis; but tough to follow your “sage” advice when you recommend individual stocks, but won’t put your money where your mouth is other than to say “I hold $ of this stock in my ETF”. Big deal.

coryratke