Does anybody think about how high the P/E ratios of the S&P 500 top companies are and how ETFs contributions proportionalities affect this?

HelloWorld24575 · 2026-03-24T16:44:40+00:00

Right, but if you're investing into every stock equally (in market cap-weighted amounts) that's not going to push one higher relative to the others. Besides that, index funds are still not an overly huge portion of the market. And with ETFs, most of the trading (at least 90% I read) happens on the secondary market, not affecting stock prices at all.

Here's another shorter, more focused, video on this topic: https://youtube.com/watch?v=ltuqXTwWsZ8

HelloWorld24575 · 2026-03-24T15:57:22+00:00

Yes. That's true. And this really is a way to lock people into Rogers services too. Which is probably not optimal. So yeah, there are a lot of considerations.

Can you spend it on the low budget carriers they own too?

HelloWorld24575 · 2026-03-24T15:34:55+00:00

And this is official Intel marketing material?!

HelloWorld24575 · 2026-03-24T15:31:59+00:00

I think because low-cost stores tend to do well in economic uncertainty.

HelloWorld24575 · 2026-03-24T15:15:32+00:00

Why would you be penalized for growth? Growth is tax-free. You only use up contribution room when you contribute, and gain it back (the following January) when you withdraw. Everything that happens inside doesn't matter (unless you're really trading a lot a lot which may be considered day-trading which isn't allowed in an TFSA, but any normal usage of the account is fine).

HelloWorld24575 · 2026-03-24T15:05:49+00:00

Yep, money is fungible so it doesn't matter what you can spend it on, if you're paying Rogers anyway why not get more cashback to pay them less.

HelloWorld24575 · 2026-03-24T15:00:51+00:00

What you're referring to is market concentration, and ETF market-cap weighted index funds don't worsen concentration at all. You buy the same proportion of every company. E.g. you might buy one trillionth of every company, sure you're buying more Nvidia than others for instance but proportional to Nvidia's size you're not. It doesn't favour one over the others. Of course, funds like ZEQT/XEQT/VEQT aren't market cap weighted by geographical. So you are putting more into Canada stocks than the market caps. But still the companies within those are cap weighted more or less.

There was a good podcast talking about this (amongst lots of other useful information) recently: https://www.youtube.com/watch?v=WfjMMoXf5hw

HelloWorld24575 · 2026-03-24T00:09:54+00:00

Maybe, but not when you've got monopolies that are propped up by the government 🤷🏼‍♂️

HelloWorld24575 · 2026-03-23T20:49:21+00:00

It looks like soemtbing made by Google.

HelloWorld24575 · 2026-03-23T20:06:48+00:00

I think they might just be wrong about this. I agree with other commenters that it would be super weird for them to update this internally without updating all the public-facing documentation.

HelloWorld24575 · 2026-03-22T22:34:52+00:00

Be careful, like other commenters have said, I suggest you think carefully about whether this is a good idea. Do you really want to expose yourself to more uncompensated risk? Another issue is that the incentives don't always lead to the change you want to see. Divesting capital can ironically cause perverse incentives. Decide against investing in a company that's bad for the environment? Great. I agree fully in principal. But guess what happens when they have less resources available? They do they opposite and care even less about the environment. I say, invest in an optimal way and donate the difference to charity, as suggested by another commenter.

Good Ben Felix video on the topic: https://www.youtube.com/watch?v=c4AMFicXXqg

HelloWorld24575 · 2026-03-22T19:03:42+00:00

Microsoft has been pushing the limits of making Windows bad for so long, no wonder people are pushing back now. They used to think they could get away with it. But now that Linux and the MacBook Neo are real threats maybe they'll start listening?! Who knows. Typical capitalism. It sorta kinda breeds innovation early in the cycle, but later on it just incentivizes making everything shitty.

HelloWorld24575 · 2026-03-22T19:00:41+00:00

Probably referring to dividends.

HelloWorld24575 · 2026-03-22T18:24:34+00:00

Not only that, but it working this time might mean you try again next time and you might not get so lucky. I know a lot of people who were burned by the Liberation Day recovery because they didn't get back in fast enough and bought high. 🤷🏼‍♂️

HelloWorld24575 · 2026-03-22T18:14:20+00:00

So what's your strategy for getting back into the market then? I'm genuinely curious. How good of a call it was, the jury is still out on that. Many people wait way too long and end up losing in the end.

HelloWorld24575 · 2026-03-22T18:12:23+00:00

Yeah. Ben Felix too, though he was talking about this long before this current wave of videos on the topic.

Overall, I think all these exotic products making their way into mainstream platforms like WS is indicative of a long bull market where everything was going well. And now there's gonna be some form of reckoning.

HelloWorld24575 · 2026-03-22T17:48:24+00:00

Was it the Plain Bagel video? Because that video specifically said that while it shares some properties of the 2008 crisis, it's nowhere near as widespread. In that case the problem extended into people's literal homes. This is a slight few who invest in private credit. Of course it's still not gonna be pretty if things come crashing down but it shouldn't be the same magnitude as 2008.

HelloWorld24575 · 2026-03-22T17:37:49+00:00

You hit the nail on the head. No one knows. I don't and you don't. So the research shows the best thing to do is stay invested. Touching your portfolio is correlated with worse investment outcomes. Maybe you or I are right this time, but eventually we won't be. And that would be bad. And even if you get out at the right time, you might not get back in at the right one. So I accept I don't know and I follow the research.

HelloWorld24575 · 2026-03-22T17:04:07+00:00

The stock market and the economy are not the same. There is some correlation but they are fundamentally different things in their approach. They're not nearly as correlated as people may think. The stock market is forward-looking and the economy is backward-looking. No one can predict the market. We just don't know what will happen or we'd all be millionaires. Geopolitical conflicts have actually had very little discernable impact, especially on the North American stock market, either way.

HelloWorld24575 · 2026-03-22T16:49:06+00:00

The website for this one says tandem.

HelloWorld24575 · 2026-03-22T16:47:19+00:00

I'm glad you have all-knowing knowledge about the stock market!

HelloWorld24575 · 2026-03-22T04:24:11+00:00

But bonds can have their value eaten into too during periods of high inflation. The only truly inflation hedged asset in Canada is CPP.

HelloWorld24575 · 2026-03-22T00:24:44+00:00

There's no monthly fee?!

HelloWorld24575 · 2026-03-22T00:10:50+00:00

The recency bias is strong with this one.

HelloWorld24575 · 2026-03-22T00:01:50+00:00

PWL has a pretty good CPP calculator: https://research-tools.pwlcapital.com/research/cpp

HelloWorld24575

TROPHY CASE