Channel Title: DIY Index Investing with Justin Bender Channel Description: Justin Bender & Shannon Bender are portfolio managers with PWL Capital Inc. and are securities-licensed by the Canadian Investment Regulatory Organization (CIRO). Portfolio Management and brokerage services are offered by PWL Capital Inc, which is regulated by Canadian Investment Regulatory Organization (CIRO), and is a member of the Canadian Investor Protection Fund (CIPF). Financial planning and insurance products are offered by PWL Advisors Inc., and is regulated in Ontario by Financial Services Regulatory Authority of Ontario (FSRA) and in Quebec by the Autorité des marchés financiers (AMF). PWL Advisors Inc. is not a member of CIPF. <video> Foreign Withholding Tax | Emerging Markets Equity ETFs Description: In this video, Justin compares the foreign withholding tax cost between U.S.-listed and Canadian-listed emerging markets equity ETFs (IEMG vs. XEC) across various account types. The below topics are explained in this foreign withholding tax tutorial: 00:00 Intro 00:20 Factors that impact the amount of tax withheld on foreign dividends 00:40 Difference between Level 1 and Level 2 foreign withholding tax 01:15 How IEMG/VWO and XEC/VEE gain their exposure to emerging markets stocks 01:55 Foreign withholding taxes on emerging markets equity ETF dividends received in RRSPs, RRIFs, LIRAs, LIFs, etc. 03:01 Foreign withholding taxes on emerging markets equity ETF dividends received in TFSAs, RESPs, and RDSPs 03:28 Foreign withholding taxes on emerging markets equity ETF dividends received in non-registered accounts Subscribe to Justin Bender’s Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Investing in Canadian Equity ETFs | VCN, XIC Description: In this video, Justin compares Vanguard's and iShares' broad Canadian stock market ETFs, VCN and XIC. The below topics are explained in this Canadian equity ETF tutorial: 00:00 Intro 01:52 How XIC’s 10% company capping feature works 02:53 How to calculate each company’s weight in a market capitalization-weighted index 04:17 Which ETF is more diversified: VCN or XIC? 05:07 Historical performance of VCN’s and XIC’s underlying indexes 05:28 Worst historical losses for VCN and XIC 05:55 Which ETF should you invest in: VCN or XIC? 06:21 Sector concentration in the Canadian vs. global stock market Follow Justin Bender on - Twitter: https://twitter.com/Justin_Bender - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Currency Conversion Fees | U.S. Equity ETFs: VUN vs. VTI Description: In this video, Justin compares the growth of $10,000 invested in U.S.-listed and Canadian-listed U.S. equity ETFs (VTI vs. VUN) across various account types, and how the impact of currency conversion fees (i.e., foreign exchange or "FX" fees) might impact your decision on which ETF to invest in. The below topics are explained in this currency conversion fee tutorial: 0:00 Intro 1:56 Currency conversion fee example 3:13 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed U.S. equity ETFs in RRSPs (VTI vs. VUN) 3:45 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed U.S. equity ETFs in TFSAs (VTI vs. VUN) 4:24 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed U.S. equity ETFs in non-registered accounts (VTI vs. VUN) Follow Justin Bender on: Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Asset Allocation ETF Returns for 2022 Description: Justin reviews the 2022 performance of the Vanguard, iShares, BMO, and Mackenzie Asset Allocation ETFs (and their underlying ETF holdings): 00:00 Intro 00:46 Equity ETF Returns for 2022 05:52 Fixed Income ETF Returns for 2022 07:58 Asset Allocation ETF Returns for 2022 Follow Justin Bender's blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Foreign Withholding Tax | International Equity ETFs: XEF vs. IEFA Description: In this video, Justin compares the foreign withholding tax cost between U.S.-listed and Canadian-listed international equity ETFs (IEFA vs. XEF) across various account types. The below topics are explained in this foreign withholding tax tutorial: 00:00 Factors that impact the amount of foreign tax withheld on foreign dividends 00:27 Difference between Level 1 and Level 2 foreign withholding tax 01:24 How IEFA and XEF gain their exposure to international stocks 01:36 Foreign withholding taxes on international equity ETF dividends received in RRSPs, RRIFs, LIRAs, LIFs, etc. 03:17 Foreign withholding taxes on international equity ETF dividends received in TFSAs, RESPs, and RDSPs 04:04 Foreign withholding taxes on international equity ETF dividends received in non-registered accounts Follow Justin Bender on - Twitter: https://twitter.com/Justin_Bender - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Investing in U.S. Equity ETFs | VUN, VTI, XUU, ITOT Description: In this video, Justin compares Vanguard's and iShares' U.S. total stock market ETFs: VUN, VTI, XUU, and ITOT. The below topics are explained in this U.S. equity ETF tutorial: 00:00 Intro 02:30 Top company holdings in VTI, VUN, ITOT, and XUU 02:47 Historical performance of the CRSP U.S. Total Market Index vs. the S&P Total Market Index 03:13 Difference between “total” stock market indexes and “broad” stock market indexes 03:32 Size breakdown (i.e., large-cap, mid-cap, small-cap, micro-cap) of companies held by of VTI, VUN, ITOT and XUU 04:09 Why Canadian investors should diversify into U.S. stocks 04:32 How VTI, VUN, ITOT, and XUU gain their U.S. stock market exposure 05:34 Annual tracking errors between VUN/VTI and XUU/ITOT 05:58 Worst historical losses for VTI, VUN, ITOT, and XUU Follow Justin Bender on - Twitter: https://twitter.com/Justin_Bender - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Tax-Efficient Changes to XEC Description: BlackRock Canada has made some exciting tax-efficient changes to the iShares Core MSCI Emerging Markets Equity Index ETF (XEC)! In this video, Justin will discuss how the changes will impact the amount of foreign withholding tax applicable on the fund’s dividends and answer several other questions about the changes. The below topics are explained in this foreign withholding tax tutorial: 00:00 Summary of BlackRock’s tax-efficient changes to XEC 00:38 Before and after comparison of the foreign withholding tax cost on XEC’s dividends received in RRSPs, RRIFs, LIRAs, LIFs, etc. 01:10 Before and after comparison of the foreign withholding tax cost on XEC’s dividends received in TFSAs, FHSAs, RESPs, and RDSPs 01:35 Before and after comparison of the foreign withholding tax cost on XEC’s dividends received in non-registered accounts 01:55 Question #1: Will the change generate any negative tax consequences for XEC unitholders? 03:16 Question #2: Will XEC’s management expense ratio (MER) increase as a result of the changes? 05:10 Question #3: Will XEC’s trading expense ratio (TER) increase as a result of the changes? 06:03 Question #4: Will BlackRock Canada replace IEMG with XEC in the iShares Core ETF Portfolios? 06:59 Question #5: Should I sell Vanguard’s emerging markets equity ETF, VEE, and buy XEC? Subscribe to Justin Bender’s Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Should You Dump Your All-Equity ETF? Description: To reduce fees, DIY investors may be tempted to sell their all-equity ETF, purchasing the underlying ETFs directly instead. Before taking the plunge, check out this video for several reasons why you should just stick with a single ETF. The below topics are explained in this asset allocation ETF tutorial: 00:00 Intro. 00:19 Potential fee savings from selling your all-equity ETF (XEQT or VEQT) and buying their underlying ETFs directly instead. 01:17 Why you should forget about this strategy if your portfolio is small. 01:54 Why managing a portfolio of several ETFs will be more difficult than sticking with an all-equity ETF. 02:28 Historical return comparison of VEQT vs. its underlying ETF holdings, rebalanced monthly (VCN + VUN + VIU + VEE). 03:03 Vanguard’s index data advantage over the average DIY investor. 04:37 An additional 2-ETF portfolio (VCN + VXC) to consider as a replacement to VEQT. 05:38 Historical return comparison of VEQT vs. a 2-ETF portfolio (VCN + VXC) vs. a 4-ETF portfolio (VCN + VUN + VIU + VEE) Subscribe to Justin Bender’s Blog: https://www.canadianportfoliomanagerblog.com/ Visit the Bender, Bender & Bortolotti Team: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Foreign Withholding Tax | U.S. Equity ETFs: VUN vs. VTI Description: In this video, Justin compares the foreign withholding tax cost between U.S.-listed and Canadian-listed U.S. equity ETFs (VTI and VUN) across various account types. The below topics are explained in this foreign withholding tax tutorial: 00:00 Intro 00:49 Factors that impact the amount of foreign tax withheld on U.S. dividends 01:27 Foreign withholding taxes on U.S. equity ETF dividends received in RRSPs, RRIFs, LIRAs, LIFs, etc. 02:15 Foreign withholding taxes on U.S. equity ETF dividends received in TFSAs, RESPs, and RDSPs 03:04 Foreign withholding taxes on U.S. equity ETF dividends received in non-registered accounts Follow Justin Bender on - Twitter: https://twitter.com/Justin_Bender - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Investing in Emerging Markets Equity ETFs Description: In this video, Justin compares Vanguard's and iShares' emerging stock market ETFs: VWO, VEE, IEMG, and XEC. The below topics are explained in this emerging markets equity ETF tutorial: 0:00 Intro 0:22 Differences between VWO, VEE, IEMG, and XEC 2:07 Size breakdown (i.e., large-cap, mid-cap, small-cap) of companies held by VWO, VEE, IEMG, and XEC 2:42 Sector concentration: Canadian vs. emerging stock markets 3:10 Understanding China A share allocation differences in the FTSE and MSCI emerging markets indexes 4:29 Market classification differences in the FTSE and MSCI emerging markets indexes (i.e., South Korea and Poland) 4:54 Historical performance of the FTSE Emerging Markets All Cap China A Inclusion Index vs. the MSCI Emerging Markets IMI 5:14 Worst historical losses for VWO, VEE, IEMG, and XEC Follow Justin Bender on - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Currency Conversion Fees | International Equity ETFs Description: In this video, Justin compares the growth of $10,000 invested in U.S.-listed and Canadian-listed international equity ETFs (IEFA and XEF) across various account types, and how the impact of currency conversion fees (i.e., FX fees) might impact your decision on which ETF to invest in. The below topics are explained in this currency conversion fee tutorial: 0:00 Recap - Foreign Withholding Tax | International Equity ETFs 1:54 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed international equity ETFs in RRSPs 2:45 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed international equity ETFs in TFSAs 3:26 Currency conversion fees when buying and selling U.S.-listed and Canadian-listed international equity ETFs in non-registered accounts Follow Justin Bender on Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Investing in International Equity ETFs | VIU, XEF, IEFA Description: In this video, Justin compares Vanguard's and iShares' international stock market ETFs: VIU, IEFA, and XEF. The below topics are explained in this international equity ETF tutorial: 0:00 Intro 0:23 Differences between VIU, IEFA, and XEF 2:12 Understanding the various index acronyms (i.e., FTSE, MSCI, EAFE, All Cap, and IMI) 2:46 Size breakdown (i.e., large-cap, mid-cap, small-cap) of companies held by VIU, IEFA, and XEF 3:12 Sector concentration: Canadian vs. international stock markets 3:28 Number of companies included in the international indexes tracked by VIU, IEFA, and XEF 3:51 Market classification differences in the FTSE and MSCI indexes (i.e., South Korea and Poland) 4:19 Historical performance of the FTSE Developed All Cap ex North America Index vs. the MSCI EAFE IMI 4:39 Worst historical losses for EFA, IEFA, XEF, and VIU Follow Justin Bender on - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> How to Invest Your RESP Description: In this video, Justin shows DIY ETF investors how to create a customized RESP target date portfolio that becomes more conservative as your child gets closer to university age. The following topics are covered in this RESP tutorial: 0:00 Intro 1:06 What is an RESP Glide Path Strategy? 1:33 Example: How to invest in an RESP with just one beneficiary. 2:54 Investment Savings Accounts (ISAs) vs. High Interest Savings Account ETFs (HISA ETFs). 4:46 Example: How to invest in an RESP with multiple beneficiaries (i.e., a Family RESP). 7:21 How to determine the amount of government grant received and contributions made on behalf of each beneficiary in a Family RESP. 9:17 How to estimate how much growth (or loss) to allocate to each beneficiary in a Family RESP. 10:49 A sample Family RESP portfolio with three beneficiaries. Follow Justin Bender's blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> All-Equity ETFs: XEQT vs. VEQT Description: If you’re having trouble choosing an all-equity ETF to invest in, this tutorial should help you decide between XEQT and VEQT. The below topics are explained in this asset allocation ETF tutorial: 00:00 Intro. 00:20 Underlying ETFs held by XEQT and VEQT. 01:07 Fee (MER) differences between XEQT and VEQT. 01:24 Are BlackRock and iShares double-dipping on fees (i.e., charging MERs on the underlying ETFs and on XEQT and VEQT)? 01:41 Home bias (i.e., Canadian equity allocations vs. foreign equity allocations) within XEQT and VEQT. 02:23 Differences in how XEQT and VEQT weight their foreign equity allocations (i.e., static allocations vs. market cap-weighted allocations). 03:28 How to determine VEQT’s target foreign equity allocations. 04:04 Target asset class differences between XEQT and VEQT (as of December 30, 2022). 04:20 Portfolio rebalancing differences between XEQT and VEQT. Subscribe to Justin Bender’s Blog: https://www.canadianportfoliomanagerblog.com/ Visit the Bender, Bender & Bortolotti Team: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video> <video> Bond ETFs VS. GIC Ladders Description: In this video, Justin reviews the pros and cons of two of the most boring portfolio assets: Bond ETFs and GIC Ladders. The below topics are explained in this fixed income tutorial: 1. Intro 00:00 2. Canadian bond losses at the beginning of 2022 00:36 3. Why GICs may provide similar returns to a bond ETF (with less risk) 01:48 4. Advantages of GIC ladders 03:32 5. Disadvantages of GIC ladders 06:21 6. Rule of thumb: How much of your portfolio should you allocate to GICs vs. bond ETFs? 07:13 Follow Justin Bender on - Twitter: https://twitter.com/Justin_Bender - Blog: https://www.canadianportfoliomanagerblog.com/ Visit PWL Capital: https://www.pwlcapital.com/teams/bender-bender-bortolotti/ </video>

Contacts and Links

Description

Justin Bender & Shannon Bender are portfolio managers with PWL Capital Inc. and are securities-licensed by the Canadian Investment Regulatory Organization (CIRO).

Portfolio Management and brokerage services are offered by PWL Capital Inc, which is regulated by Canadian Investment Regulatory Organization (CIRO), and is a member of the Canadian Investor Protection Fund (CIPF).

Financial planning and insurance products are offered by PWL Advisors Inc., and is regulated in Ontario by Financial Services Regulatory Authority of Ontario (FSRA) and in Quebec by the Autorité des marchés financiers (AMF). PWL Advisors Inc. is not a member of CIPF.

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