Hey there! Welcome to my website!

I’m Kar Yung Tom (KYT), and I’m passionate about simplifying Canadian finance and investing. My background as a strategy game enthusiast (including competitive chess and Magic: The Gathering) and software engineer from McGill University has shaped my analytical approach to financial topics.

I channel this expertise into my YouTube channel, Kar Yung Tom – Finance Simplified, where I break down complex financial concepts for fellow Canadians. You’ll also find well-researched articles and a comprehensive Investing for Beginners Cheatsheet here on the site.

My goal is to help you navigate the world of personal finance and investing with confidence, using data-driven strategies and clear explanations. Whether you’re just starting out or looking to optimize your investment approach, I’m here to provide insights and practical advice.

I’m always excited to learn new financial strategies and share insights with fellow enthusiasts. Let’s grow our knowledge and wealth together!

Investing for Beginners Cheatsheet

Get started on the right foot with my comprehensive guide to investing basics. Distilled from expert advice and academic research, this cheatsheet is your roadmap to smart, long-term investing.

Access the Cheatsheet

Latest YouTube Videos

In this video, I break down the concept of compound interest and how it applies to various investment vehicles. From savings accounts to stocks and ETFs, I explain how compounding works, its impact on long-term investing, and common misconceptions. Using real-world examples and easy-to-understand explanations, I'll show you why understanding compound interest is crucial for maximizing your investment returns.

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral 
 
Timestamps:
00:00 - Introduction
00:25 - What is Compound Interest?
01:30 - Compound Interest in Savings Accounts and GICs
03:15 - The Power of Early and Consistent Investing
05:00 - Compound Interest in Stocks and ETFs
07:30 - Dividend Reinvestment and Compounding
09:45 - Common Misconceptions about Compound Interest
12:00 - Real-World Examples and Calculations
14:30 - Final Thoughts and Key Takeaways

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

In this video, I break down the concept of compound interest and how it applies to various investment vehicles. From savings accounts to stocks and ETFs, I explain how compounding works, its impact on long-term investing, and common misconceptions. Using real-world examples and easy-to-understand explanations, I'll show you why understanding compound interest is crucial for maximizing your investment returns.

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral

Timestamps:
00:00 – Introduction
00:25 – What is Compound Interest?
01:30 – Compound Interest in Savings Accounts and GICs
03:15 – The Power of Early and Consistent Investing
05:00 – Compound Interest in Stocks and ETFs
07:30 – Dividend Reinvestment and Compounding
09:45 – Common Misconceptions about Compound Interest
12:00 – Real-World Examples and Calculations
14:30 – Final Thoughts and Key Takeaways

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

55 23

YouTube Video VVVrb3N2U09kTGExeHlhaFROYWdEMFpBLl9rZUFGcUlwVUg4

Compound Interest Explained: From Savings Accounts to Stocks and ETFs

July 24, 2024 9:53 am

In this video, I dive into the world of covered calls, explaining how they work and why they might be a good strategy for new investors. Using concrete examples and referencing resources like Investopedia and Yahoo Finance, I break down the basics and discuss the pros and cons of covered call ETFs. Support the channel by becoming a member!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral 
 
Timestamps:
00:00 - Introduction
00:21 - Covered Calls Overview
00:37 - Definition of Covered Calls
00:57 - Concrete Example with Tesla
02:31 - Reasons to Use Covered Calls
03:31 - Covered Call ETFs
04:18 - Comparison with Regular Index Funds
05:16 - HYLD Example
06:26 - Total Return Formula
07:32 - Final Thoughts

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

In this video, I dive into the world of covered calls, explaining how they work and why they might be a good strategy for new investors. Using concrete examples and referencing resources like Investopedia and Yahoo Finance, I break down the basics and discuss the pros and cons of covered call ETFs. Support the channel by becoming a member!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral

Timestamps:
00:00 – Introduction
00:21 – Covered Calls Overview
00:37 – Definition of Covered Calls
00:57 – Concrete Example with Tesla
02:31 – Reasons to Use Covered Calls
03:31 – Covered Call ETFs
04:18 – Comparison with Regular Index Funds
05:16 – HYLD Example
06:26 – Total Return Formula
07:32 – Final Thoughts

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

28 19

YouTube Video VVVrb3N2U09kTGExeHlhaFROYWdEMFpBLkFCd3VzNU5nVWVB

Covered Calls Explained: A Beginner's Guide | HYLD, TSLY

July 3, 2024 3:37 pm

HEQT vs XEQT vs VEQT: A Deep Dive into Global X's All-in-One ETF

June 17, 2024 5:31 pm

Hey everyone, in today's video, I'm diving into the Fidelity All-in-One ETF, FQT. This ETF stands out from the usual offerings from Vanguard, iShares, and BMO by integrating equity factors and even Bitcoin exposure. I'll walk you through its features, why some investors on Blossom are making the switch, and whether it might be a good fit for your portfolio.

We'll also explore the underlying holdings, its diversification approach, and compare its performance to other all-in-ones like XEQT. Plus, I'll share my thoughts on its crypto allocation and why, despite its recent outperformance, I still prefer a more traditional all-equity approach. Let's get into it!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral 
 
Timestamps:
00:00 - Introduction to FEQT
00:20 - Fidelity's Unique Features
00:38 - Factor Exposure and Bitcoin
01:13 - My Diversification Approach
01:54 - Holdings and Concentration Analysis
03:22 - Performance Comparison
05:33 - Final Thoughts on Crypto Allocation

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

Hey everyone, in today's video, I'm diving into the Fidelity All-in-One ETF, FQT. This ETF stands out from the usual offerings from Vanguard, iShares, and BMO by integrating equity factors and even Bitcoin exposure. I'll walk you through its features, why some investors on Blossom are making the switch, and whether it might be a good fit for your portfolio.

We'll also explore the underlying holdings, its diversification approach, and compare its performance to other all-in-ones like XEQT. Plus, I'll share my thoughts on its crypto allocation and why, despite its recent outperformance, I still prefer a more traditional all-equity approach. Let's get into it!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral

Timestamps:
00:00 – Introduction to FEQT
00:20 – Fidelity's Unique Features
00:38 – Factor Exposure and Bitcoin
01:13 – My Diversification Approach
01:54 – Holdings and Concentration Analysis
03:22 – Performance Comparison
05:33 – Final Thoughts on Crypto Allocation

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

77 21

YouTube Video VVVrb3N2U09kTGExeHlhaFROYWdEMFpBLnV5Si0ydTJPc3hZ

FEQT vs XEQT vs VEQT: A Deep Dive into Fidelity's All-in-One ETF

June 12, 2024 9:14 am

Hey everyone, it's KYT here with another video! Today, we're talking about why beginners are often advised to focus on getting lower fees when investing. We'll explore the common advice to avoid high-fee mutual funds and discuss whether paying more fees can ever be worth it if it leads to better returns.

I'll also dive into the challenge of identifying skilled fund managers and why low-cost ETFs like XEQT are often recommended. Join me as we break down these key topics and help you make more informed investing decisions!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral 
 
Timestamps:
0:00 - Introduction: The Importance of Lower Fees
0:20 - Questioning the Fee Focus: Is it Always Bad to Pay Higher Fees?
0:46 - Mutual Funds vs. ETFs: The Ongoing Debate
1:29 - The Skill of Fund Managers: Luck or Genuine Talent?
2:00 - Analyzing Fund Performance: The Monkey Analogy
3:15 - Case Study: Cathie Wood and ARK Invest
4:35 - Data Insights: How Often Do Funds Outperform the Market?
5:58 - The Spiva Persistence Scorecard: Active Management Challenges
7:06 - Market Efficiency: Why Outperforming is So Hard
8:35 - Example: McDonald's Stock and Market Reactions
9:30 - Conclusion: Embracing Low-Cost, Diversified Strategies

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

Hey everyone, it's KYT here with another video! Today, we're talking about why beginners are often advised to focus on getting lower fees when investing. We'll explore the common advice to avoid high-fee mutual funds and discuss whether paying more fees can ever be worth it if it leads to better returns.

I'll also dive into the challenge of identifying skilled fund managers and why low-cost ETFs like XEQT are often recommended. Join me as we break down these key topics and help you make more informed investing decisions!

KYT's Investing for Beginners Cheatsheet
https://kyt.gg/investing-for-beginners-cheatsheet

Earn $50 for creating a Questrade account
https://questrade.com/?refid=615710143447880

Earn $5 to $3,000 for creating a Wealthsimple account
https://my.wealthsimple.com/app/public/trade-referral-signup?code=ZJE11W

See my portfolio and trades on Blossom, the investor's social network. 📊 Use my code: OLGKTM to earn $5 cash!
https://getblossom.page.link/referral

Timestamps:
0:00 – Introduction: The Importance of Lower Fees
0:20 – Questioning the Fee Focus: Is it Always Bad to Pay Higher Fees?
0:46 – Mutual Funds vs. ETFs: The Ongoing Debate
1:29 – The Skill of Fund Managers: Luck or Genuine Talent?
2:00 – Analyzing Fund Performance: The Monkey Analogy
3:15 – Case Study: Kathy Wood and ARK Invest
4:35 – Data Insights: How Often Do Funds Outperform the Market?
5:58 – The Spiva Persistence Scorecard: Active Management Challenges
7:06 – Market Efficiency: Why Outperforming is So Hard
8:35 – Example: McDonald's Stock and Market Reactions
9:30 – Conclusion: Embracing Low-Cost, Diversified Strategies

_____________________________________________________________________________________

Disclaimer: I am not a financial advisor. The content of this video is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.

22 11

YouTube Video VVVrb3N2U09kTGExeHlhaFROYWdEMFpBLnhTUW01cjhQWXVB

Mutual Funds vs. ETFs: Why Lower Fees Matter for Beginners

June 11, 2024 6:31 am

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