SHORT-TERM Investing // Money Market Funds (BMO ETFs)

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Information SHORT-TERM Investing // Money Market Funds (BMO ETFs)

Title	:	SHORT-TERM Investing // Money Market Funds (BMO ETFs)
Lasting	:	8.10
Date of publication	:
Views	:	164 rb

Money market funds are great for my short term goals but NOT for long term investing! If you want quality ETFs for building LONG TERM wealth, check out my ETF video here 👇br youtube/3q4Y22MzkIA
Comment from : @CanadianTShirt

is this a good place to put an emergency fund?
Comment from : @pauljones4457

Another plus is that Questrade allows us to buy ETFs with 0 commission so we can buy a couple of shares any time we have a spare $100
Comment from : @subscribemytube

Good info Thanks I have been using CASH as my short term ETF but ZMMK pays a bit better I will likely use it in the future
Comment from : @subscribemytube

Let's support our Canadian investors This channel should be taught in every high schools in the country eh Hope my fellow Canadians is also investing in precious metals, protect yourself at all times, stay hedged against the inflation
Comment from : @GarandKhan

33 now
Comment from : @gaja37

This could be useful for a place to keep cash in preparation for paying taxes on gains from the year Always good advice from this guy!
Comment from : @Kayakattacks

What do you think about ZST - BMO's ultra short term bond Etf - just to diversify? for Short term as well And thanks again for the video :)
Comment from : @carolinadavis854

Hi Adrian, hope all is well I wanted to ask your opinion on something Considering money market and cash ETFs generally offer better returns compared to traditional HISAs, would it be recommended to use these ETFs to store a small emergency fund of a couple grand?
Comment from : @diegoolivera6081

which is better zmmk or casg?
Comment from : @notjpoopy

Kudos to you❤ lots of respect and love ❤❤ totally make sense on various investing option Thank you again Can I make videos gathering some infos from your channel Though it wont be same Inspired by you Thank you again ❤
Comment from : @suchitrabiswas9878

Can the dividend payout be re-invested? Like a DRIP or it is always a monthly cash payout into the cash portion of the account? Thx for this info
Comment from : @TheBanwait8

Is this a good Money Market to start from zero, or is it only good if you invest a big amount of money (eg $10k)? 🤔 Since it's a short term, it gives me the feeling it's not worth it unless you go hard from square one
Comment from : @marcosgcm

How does this compare to CBIL?
Comment from : @nicholashorsky1175

Would you put this money market etf in your TFSA?? and would it be a good choice for your emergency found ( 6 to 12 months of backup?)
Comment from : @nilinila

When would you suggest to sell ZMMK, do we know when is the maturity of those bonds (holdings) to make most of the profits (yield)?
Comment from : @parthshahh95

Now the interest rates are down do you think the yield would drop significantly, if yes any alternatives pls?
Comment from : @santhosh_1989

Thanks Adrian for sharing! I have a quick question: can we buy this etf in questrade or do we have to go to BMO to buy it?
Comment from : @nicolelam7796

Hi Adrian, are we paying tax when we pull out the money, or during the duration staying on savings acc?
Comment from : @12345678927466

Congrats on the sponsorship! With a similar etf such as CASH, would you park your emergency fund in here to collect the interest rate?
Comment from : @fenixxx56

Hey Adrian, coming back here to suggest maybe a video about HDIV and ZWC, would greatly appreciate your insights and personal opinion on both of these funds Thank you 🙏
Comment from : @raphaelventura8465

Hi, Please do a video on covered call ETF's
Comment from : @mmoe3695

Thanks! I would like to know the tax implications for ZMMK is it tax on capital gains or are the interests taxed like a revenue
Comment from : @sylviemorissette7668

Thank you for the video New sub here, Can we purchase ZMMK using FHSA account Is it advisable
Comment from : @santhosh_1989

What money market fund ETF would you recommend for my US RRSP account? I recently transferred lump sum to my Questrade account Instead of investing everything at once, I'm planning on dollar averaging and waiting on the possible dip In the meantime, I might as well make some money with these money market ETFs Thank you
Comment from : @macakben

Hey! Does zmmk pay out every month ? And what if you don't keep your money in for the full month ? Do you still get paid out? Was thinking of putting money in there for short term to see if the market will drop Sorry for all the questions lol thank you canadian in a t shirt !
Comment from : @buddy6910

My stocks account 1,10235brbrAitx 237731 shares 713$ down 14240$ or -1664brbrIlus 2500 shares 9750$brDown 10875$ or -5272brbrTfsa account 1,45664brbrAlphamin res corp 200 shares 190$ brDown 1037 or -22$brbrEnbridge 1 share 5531$ brUp 235$ or 443brbrEssif stock 500 shares 16950$ up 4081 or 4913$brbrHut 8 corp 3 shares 4047$brDown 747$ or -1558brbrIbrlf 1000 shares 2670$ brDown 7923 or -10128$brbrImaginear inc 1000 shares 35$ down -750$ or 1764 brbrManulife 2 shares 7420$brUp 051 or 038$brbrNordic American tankers br30 shares 10680$ brDown 769$ or -672brbrNextec3d AI corp 1000 shares 85$ brDown 2887 or -3494$brbrTelus corp 4 shares 6808$brUp 318$ or 491 brbrAt&t shares 8600$ brUp 2044 or 1459$brbrPlaza retail rei 10 shares 3770$ up 069$ or 189 brbrPalantir tec inc 2 shares 6920$ up 1118 or 696$brbrNvidia 1 share 10647$brDown -2253$ or 1756 brbrbrbrbrbrRsps 1,37721 quest trade aggressive growth portfolio automatically trades for mebrDown -168 or -2349brbrbrIm canadian and That's all my stocks, am 30 and just starting to invest any advice? I can put max 300$ a week so trying to do 100$ each account!
Comment from : @sebseb1234567890

Full video on How to buy this stocks like beginners friendlyvideo Am new
Comment from : @mrIsraelemma

I want my ETF so big, the Emergency Task Force is at my door
Comment from : @RassaneyBattiese

Can you please share me What happens with idex stock ? Thanks 🙏
Comment from : @nonviolence_peace6012

Sponsorships make sense when you’re actually investing in the products that they’re offering Those that don’t really show that they’re after monetary reward more than educating their audience on products they believe in Good on you sir!
Comment from : @thehybridinvestor

Are ETFs better or worse than GICs going into a recession (eg, currently)?brI don't mind locking in GICs
Comment from : @nooneask-h1f

So, how long would you keep say, and investment of 1000 in ZMMK?
Comment from : @FormlessJKD17

What about CASH ETF??
Comment from : @vancouverdiaries738

Can you buy this from Questrade? From rrsp or tfsa?
Comment from : @intheripples

it's 48 now
Comment from : @jesse5615

I got room in my tfsa for another 20k, i have 12k in hsa im saving it for house down payment, 1-2yrs out Should i just put it in my tfsa and invest in etf? And Withdraw it next year? I will gain the contribution room again next year anyway right? What am i missing here?
Comment from : @michellesimons7903

Hello I just wanted to ask, you never mentioned if ZMMK should go into a TFSA or in a non-registered investment account Which would you recommend?
Comment from : @diegoolivera6081

This is such an amazing video, thank you so much!! I’ll definitely be doing this I have a question about US version of this ETF (ZUSU) Currently I have some US money saved in a US Savings Account that give me 2 If I wanted to invest in ZUSU for the higher interest return, I wouldn’t buy inside my RRSP account (to save withholding tax) since it’s for short term So if I buy ZUSU inside my TFSA, I’ll still get charged 15 withholding tax for ZUSU, correct? In that case, would it be better to just leave the US cash in the savings account it currently is? Or am I missing something?
Comment from : @mariad5374

he thinks these returns outrun inflation? what a steaming load of crap our economy is broken
Comment from : @insiderinside1905

Invest with puppet masters, I'll pass
Comment from : @bosstitties7798

Great video again! Interesting as I never considered money market funds before I might store the next vacation money in it Thanks!
Comment from : @evadeanu1

Would you recommend allocating my emergency fund into this ETF? Currently, I have it in a Manulife TFSA banking account that earns 185 From what I understood from your video, both options are equally liquid
Comment from : @guidonfenig6597

How is money market etf different from $CASH ? And which one would you recommend ?
Comment from : @harjotharry

Hey Adrian, just considering this fund even more now that the Gov is cutting interest rates and GICs are starting to become less attractive Any way you could comment on this? Perhaps a video with suggestions for short term investments or emergency funds? Btw, would you say SCHD could also be a good dividend investment for short term at this point? Thanks
Comment from : @raphaelventura8465

Interesting, thank you
Comment from : @NatashaJohnson-ye7ld

Hello , I recently transferred my RRSP account (which is currently invested in mutual funds) into my TD investment account I want to sell off all stocks from my RRSP now in my investment account and purchase dividend ETF’s My question is, if I sell my mutual funds inside my RRSP, and immediately purchase dividend ETF’s and keep them in my new self directed investment account, will I have triggered a RRSP withdrawal and pay a penalty I really hope this is not too confusing Any help is appreciated
Comment from : @tonycaputo2966

Hello from St John's, Newfoundland That's a very interesting topic I always feel we have inferior options than the US, but I'm thrilled we have someone like you to keep us to date with the Canadian options
Comment from : @adn17

When saving for a rental property I understand you cannot use the FHSA Are you using your TFSA for to save for real estate or some other account?
Comment from : @ryankattner9966

Fantastic work again! Big fan of yours! Which type of account ( RRSP/TFSA/FHSA/unregistered account) will be more tax effective for ZMMK and ZUSU respectively ??
Comment from : @shubhangkulkarni5804

Congratulations on getting sponsorships on your channel and thank you for your openness and transparency I just joined a FB group on dividend investing and send people your way as you're so educational I'm far from being a millennial and am from the generous that adhered to David Chilton's first book on mutual funds, as well as many other authors Thank you for being on here and educating on ETFs, as well as anything, really I even suggested to a brand new immigrant to turn to your channel as you talk about the new FHSA, as well as other financial vehicles available to us Canadians As most content on YouTube are all geared to Americans, it is refreshing you have your channel and are so generous with your time Thank you
Comment from : @ArleneCreates

Thanks!🎉
Comment from : @TT3TT3

Thank you
Comment from : @StoneChild9

I find it hard to go past the fact that Questrade and Wealthsimple offer 45-5 on a liquid cash account Zero fees that you talk about in your previous videos brWe love your content and I understand you need to get paid but the BMO plug was over done here brWith the way the world is going right now, beginner investors can get a safe high yield in a simple cash account with no volatility brAm I wrong here? brNevertheless we appreciated you and your content and make decisions based on our own calculations as should we all
Comment from : @nigelwalker-4ktv

Hi Sir, can you please do a video about private Health insurance for people below 30brbrThank you
Comment from : @sandratheress5138

I’m in etf called CASH It has a 5 dividend rate
Comment from : @shakeypudding6563

EITUN is pretty dope too, little more risk than these money market ones
Comment from : @Danieldot2K

Can you tell me good Money market ETF like ZMMK in USD?
Comment from : @Janakasrajapakse

Thank you, Adrian, for another amazing video Please keep up the fantastic work!brbrI have a few questions and would greatly appreciate your help:brbr1-I have two children, and I would like to start investing some money for their future studies However, there's always the uncertainty of whether they will decide to pursue higher education In that case, assuming they choose not to study in 20 years, what would be the best account to start investing in their future right now?brbr2-Upon reaching the retirement age of 65, can I withdraw all my money at once?brbr3-How long do I need to stay in Canada to ensure I don't lose my pension benefits?brbr4-Can I invest in US stocks and ETFs without penalties through my FHSA, or is there a 15 penalty?brbrThanks in advance
Comment from : @dariomolina3590

Adrian, nice concise video Can you tell me how the monthly payout is treated tax wise in Canada? Is it treated as interest income? If so, is their a similar ETF that is treated as a capital gain? Thanks for the videos
Comment from : @gu6897

I threw 1000 into an FHSA in wealthsimple last year with the idea that imma do a bunch of research to invest it I have been read and seen so much on peoples suggestions, and so many different routes and peoples opinions What do yall think I should hold into my FHSA? I want to actually hold something and not just have it sit there making $0 XEQT? XBAL? CASH? ZMMK? I dont have a range of when I want to buy a house just know its ASAP, say maybe 2 years? Idk if i should dump all my holdings into 1 stock/etf/gic or diversifiy it thoughts?
Comment from : @pumpkant

Thanks so much Adrian! Your videos helped me to get started doing my own investing this year and it feels good to take control of my own money! Would you recommend putting emergency savings fund in ZMMK? I have it in a high interest savings account right now, but it feels like a missed opportunity
Comment from : @cb4sn134

Hi Thanks for your videos! I have a question regarding what to do after buying an etf My rich aunt passed away and she gave me U$ 100k I invested most of the money in the VOO etf Now what? I leave it alone for 5-10 years? Do I sell some positions and take out partial profits? There is not much information on what to do after putting in money in the stock market Thanks
Comment from : @jhonnyrestrepo6780

Glad to see you get another sponsorship! You're one of the few creators I trust I started heavily investing 8 months ago and have built my portfolio to about 80k at 24 years old (huge thanks to my parents for letting me live with them at this age lol) Keep up the great work! This sponsorship is much deserved
Comment from : @Woogzzzie

Love your videos Adrian! Do you have one that explains the excel spreadsheet?
Comment from : @tknson

Hello Adrian, good video, big fan of the channel here, I'm new to investing but if I understood this right, with this fund it returns around 48 per year on average, right? If that's the case a GIC that pays more, let's say 525 would be more advantageous for the earning with the cons of the money being locked in for the term of the plan, correct?
Comment from : @raphaelventura8465

Desjardins has the same product but no MER fees and the annual yield is currently at 4,85 vs 4,80 for this product DJQ1100
Comment from : @jengd5798

There are Cashable 1 year or 2year GICs with some banks but their interest rates are not as high as the yield on this money market fund from BMO Great Video!😊
Comment from : @eagerbeever22

It was so sweet meeting you in Toronto Thank you agian for helping me with Taxation 1😂
Comment from : @BradTardif

Unrelated but I love how your saying Zed instead of Zee 🇨🇦
Comment from : @FacebookQueen

Is cash (global X) is similar etf?brI have it in my FHSA
Comment from : @molsharma4943

Can you please do an updated 2024 stock video please What to buy, how to get started, how to stay motivated etc new subscriber! Thanks :)
Comment from : @UnknownShorty-og9fr

Does this get taxed?
Comment from : @carloespinosa5377

Would you be able to do a video on best budgeting apps we can use to keep track of spending please! Thanks in advance 😊 @
Comment from : @carolinadavis854

Sorry, back here again Thank you for doing this review (on the fence, but I may take a position later) Does BMO have something similar for your USD? Thank you in advance
Comment from : @humbleloonie

Hi Adrian, Is it wise to do this through the TFSA?
Comment from : @darryl_collins

is this the same as CASH or SGOV?
Comment from : @ms9001

What is your criteria for buying rental property? Is it possible to generate cash flow given that interest rates are still high ? Thanks
Comment from : @CME2Moon

thanks
Comment from : @titchglover2601

Great video! What would be the USD equivalent to ZMMK?
Comment from : @dmespolet

Any etf suggestions for parking usd for the short term?
Comment from : @yogeshpuneethvemula3180

I assume your audience is younger but these are also good options for someone who is retired and wants to supplement their income with monthly dividends Just remember folks $2500 in ZMMK is going to pay $10 a month… if that gets you excited than go for it…
Comment from : @markmccrudden9642

Awesome video😊 Thanks Adrian brI have one doubt about dividends earned in my TFSA in CashI am not eligible for drip yet If I buy stocks/ETF from the cash earned through dividends will there be a penalty for extra contribution since my TFSA is maxed out for this year
Comment from : @HappyPets-l45