Marko

Documenting my wealth-building journey and hopefully helping others along the way 🇨🇦

Views are my own.

[Marko @MarkoWealth]

@BrandonWealth XEQT is currently most of my portfolio and I'm only planning on increasing it for sure

[Marko @MarkoWealth]

@DudeWhoInvests The economy reflects how people and businesses are doing today. The stock market reflects investors' expectations of future profits.

That's why stocks can hit all-time highs while everyday people are struggling

[Marko @MarkoWealth]

@InvestingAddict Isn't the market supposed to keep hitting all-time highs? That's literally how long-term growth works lol

[Marko @MarkoWealth]

People worry about the stock market hitting all-time highs, but isn't that what it's supposed to do?

The S&P 500 is near record highs, yet valuations have actually fallen as earnings growth outpaces stock prices.

All-time highs don't mean stocks are overvalued. Price matters, but so do earnings.

[Investing Addict @InvestingAddict]

How many people are just living their life completely unaware that the S&P 500 is at all time highs?

[Richard Christopher Whalen @rcwhalen]

In many realms....

[Marko @MarkoWealth]

On the flip side, you can't cut your way to growth. It's all about a healthy balance.

[Money Wisdom @MoneyWisdom_]

“You can build wealth without a high income, but you have no chance of building wealth without a high savings rate.”

— Morgan Housel

[Money Wisdom @MoneyWisdom_]

“You can build wealth without a high income, but you have no chance of building wealth without a high savings rate.”

— Morgan Housel

[Marko @MarkoWealth]

@mkatchen It's a double-edged sword to open the door for the government to start making changes to TFSAs

[Marko @MarkoWealth]

@xoreniii Time in the market beats timing the market. Congrats!

[Marko @MarkoWealth]

The TFSA is one of Canada's best tools for building wealth.

My concern with all this talk about reform is that we're drawing unnecessary political attention to something that already works.

If it ain't broke, don't fix it.

[Simon Lejeune @lejeunesimon]

🇨🇦 RENAME TFSA TO TFIA 🇨🇦

[Marko @MarkoWealth]

I've been rethinking my approach to investing.

Stock picking is exciting, but consistently beating the market requires a lot of research, monitoring, and time. And even after putting in all that effort, there's no guarantee you'll outperform a simple index fund.

It got me thinking about opportunity cost.
At this stage of my life, would spending 10 hours researching individual stocks really move the needle? Or would that time be better spent developing skills, advancing my career, and increasing my income?

An extra $20K in annual income could do far more for my long-term wealth than squeezing out an additional 1-2% in investment returns on my current portfolio.

So I'm increasingly leaning toward a simpler strategy: maximize my earning potential, maintain a high savings rate, and consistently invest in diversified, low-cost ETFs.

[Marko @MarkoWealth]

@tanishqxyz @mkatchen Setting a precedent for future governments to introduce restrictions on contributions, withdrawals or even gains

[Marko @MarkoWealth]

I think Canadian bank stocks are overvalued.

Today, I sold my entire ZEB position after holding it for over 5 years.

Three reasons:

1. RBC's market cap is comparable to Goldman Sachs. That's a remarkable valuation for a bank operating primarily in Canada.

2. Younger generations are increasingly turning to fintechs for investing, payments, and everyday financial services.

3. The great wealth transfer is coming. Trillions will pass to younger generations, and I wouldn't assume that money stays with traditional banks.

Canadian banks have been incredible investments. But I'm increasingly skeptical that their next decade will look like their last.

I'm happy with my returns. Time to move on.

[Bloomberg @business]

Royal Bank of Canada has climbed into the same market-value tier as Goldman Sachs and is worth more than Wells Fargo and Citigroup, underscoring how a decade of expansion has pushed the Canadian lender into the upper ranks https://t.co/VxW5pl0N6S

[The New York Times @nytimes]

Nations aren't doing enough to prevent global warming from increasing to dangerous levels within the lifetimes of most people on Earth today, according to a UN report. But limiting the devastation isn’t impossible, the report says. Here are five takeaways. https://t.co/oidXvyTkfC

[The New York Times @nytimes]

Breaking News: Nations must move much faster to avoid a perilous future on an overheated planet, though some progress has been made, a major UN report said. https://t.co/Nt99HuCyNd

[MUN Business @MUNBusiness]

Participating in @MemorialU clubs & societies is a great way to meet people, learn new skills & gain experience that can apply towards your career aspirations. Thank you to members of @TheFundMun, @Enactus_MUN & the consulting club who chatted with our students.

#MUNCareerWeek