What investment platform do you use right now? Let us know! 👀

@ronaldolpenda

2 ай бұрын

what should i buy with my $1000 as a beginner. can you help me build my own portfolio.🙏

@user-en6bg4nv7t

2 ай бұрын

Great comparison. I’m using both RRSP for Wealthsimple and TFSA for Questrade

@dor1994

2 ай бұрын

I opened a TFSA direct investing account in TD but upon doing more research can see wealth simple would be better!

@luisPBonilla

2 ай бұрын

Wealthsimple since day 1!

Wealthsimple club! 🎉🙌🏼👏🏼 I like their platform so far. Just joined the last week of April when I decided to switch from TD mutual funds to handling my investments myself.

@blackchickadee1

2 ай бұрын

Amazing! Same same ! Can’t justify the $10 trading feels each time with TD.

@user-kh1su6te7t

2 ай бұрын

Same here, 😊

Skip to 10:58 if you want to know why he switched 😆.

@olivierf9413

2 ай бұрын

Loooool

@JoelManrique

Ай бұрын

I switch from qtrade investing to wealthsimple becvause of the 1% cash match!

Wealthsimple is very easy to use even for beginners great choice

@stephandden

2 ай бұрын

Agreed! 👏🏿👏🏻

I use Questrade for my Investments and Wealthsimple for a high interest savings account. I like to be able to purchase US stocks in USD in my RRSP 😊

Honestly the way you both invest, ETF's and minimal stock ownership is really the way to go. Whatever platform you both use. Especially as you're both in your 20's and have the investment timelines at your disposal(10-15 year at minimum). I have most of my stuff through a wealth management firm, but the fees are so expensive. Initially I decided that because I wanted to leverage the experiences of an seasoned investment advisor but these fees man! Now if I want to take my existing portfolio and switch to ETF's? I could do that, but I would have to sell, activate a capital gain, take the balances and put them into ETF's. Geez.

Excellent video guys! You both explain things so well and make it easy to understand.

@stephandden

2 ай бұрын

Thank you so much! We’re happy to hear that 😊

Hey Steph & Den, If wealthsimple is convenient for you investment account wise, why not use it for cash account as well as it offers HISA 4-5%? Why go for EQ or Simplii or koho for the same rate?

@Kimi_Bu_

Ай бұрын

I don't think wealthsimple cash is cdic insured, while EQ is.

@abhishekjawahirani8366

Ай бұрын

@@Kimi_Bu_ it is insured.

@admiralcoffeemaker6310

8 күн бұрын

​@@Kimi_Bu_idk if it changed but it says cash accounts are cdic insured for up to 500k.

Another benefit is that if you live in the household, assets compiled together can work towards the Generation account status which meshes with investing advice and filing taxes. Of course there are also joint accounts you can use for Wealthsimple cash.

Your videos are so informative, keep up the great work ☺

@stephandden

2 ай бұрын

Thank you so much! We're happy to hear that 😊

Ws is really good my emergency fund and my sidegigs income goes straight to it sitting on 4.5% interest.. and investing is so easy

@stephandden

2 ай бұрын

Amazing! That’s good to hear 😊

@Koya_bill

2 ай бұрын

@@stephandden i wish they will make RESP self-directed too for now they only have the managed option

Does WS still have the 15min delay of market price?

I use wealthsimple as well with automations

I have a question I'm working on investing in the following NIVIDEA, Enbridge, TD, Microsft, and S&P 500 (VOO). Once they've grown for a few years when will I know when to sell and see profit in my investments. Or do I just keep it until I'm 60 and sell it when I retire?

I have a question about buying stock on wealthsimple. Since they don't have margin accounts, could you purchase a stock with a limit order and direct the money to come from your cash savings account. Or is there an alternative way to keep earning interest within the non-registered cash account with your cash until it's needed to fund a stock purchase with a limit order.

awesome video thanks!

I have a question about the tfsa ,lets we say its monday and i bought 2 stock and the next day tuesday ,one of the stock i buy profit around 10 dollar and i decide to sell it ,so the question is so it is okey to buy a different stock on that day ?btw im using wealth simple trade

What do you guys think about IBKR vs WS?

I just moved all my wealthsimple invest accounts (tfsa, rrsp and fhsa) to trade accounts this week. I had too many individual accounts.

WS is the best in my opinion maybe im biased. But thinking about switching to Questrade as WS wont be accessible as a non resident of Canada as I plan on leaving the country in the next year or 2....not sure what other options are out there but ive heard alot of good things about questrade.

With quest as well want to change to WS but I don’t want to switch because I’m only buying etf at the moment

Love love love Wealthsimple!

Awesome video! What are some no fee chequing accounts and high interest savings account you recommend?

@stephandden

2 ай бұрын

Thanks! We actually have a video titled, ‘Best No-Fee Chequing Accounts’ and another one titled ‘Best High Interest Saving Accounts’. Check them out! 😊

That 1% offer is kind of a cherry on top though eh? :P

Thoughts about “CONY”?

Hi! I would love a video about Wealthsimple cash and their new joint account feature.

Question: Do you have multiple emails for different accounts for auto deposits? I have an RBC account and now have a Neo account if I joined wealthsimple would I need a third email? *Note eventually trying to phase out the RBC account

@stephandden

2 ай бұрын

When you say auto-deposits, are referring to something like an e-transfer? If so, in theory you would need multiple emails. But for us, we have auto-deposits setup to go into our main money hub (Simplii No-Fee Chequing Account) and then we’ll direct the money to other accounts from there. Hope that answers your question. 😊

I still prefer Questrade for the following reasons: free ETF purchases, USD investments, and RESP accounts

@stephandden

2 ай бұрын

Thank you for sharing! 😊

The Wealthsimple conversion fees for cad to usd and vice versa is ridiculous at 1.5% each. That's why I switched away from wealthsimple for us stocks and use the platform only for Canada trading.

@stephandden

Ай бұрын

That’s smart! I guess if you’re going to use Norbert’s Gambit to exchange your cad for usd then it’s worth it. But if you’re using Questrade and not utilizing this method - you’re paying the same 1.5% that Wealthsimple charges. Which platform do you use for usd investments? 😊

I find it strange you guys haven't made a vid about the EQ Notice Savings Account yet

@stephandden

Ай бұрын

👀 coming soon!

Can u use a TFSA account for quest trade or wealth simple?

@stephandden

Ай бұрын

You can open up a TFSA with either one - your choice on which one. 😊

Great video - however National bank direct brokerage is way better then any broker. please make a video on that too.

Definitely thought your reason would be the terrible QuesTrade ads

13:33 premium status with Wealthsimple... How does one reach the premium status?

@stephandden

2 ай бұрын

Once you have $100,000 in assets with Wealthsimple (this could be across Wealthsimple Invest, Trade, and Cash) 😊

@cunliffest

2 ай бұрын

100k

Wealthsimple all the way

@stephandden

2 ай бұрын

🙌🏿🙌🏻

Can I buy US stock without paying the $10 fee?

@christiansilva1918

2 ай бұрын

yes, the 10 dollar monthly fee is to have a USD account where your funds stay in USD rather than ws converting to cad every trade

@stephandden

2 ай бұрын

Yes, you can definitely buy US stocks, just remember that you will be charged a 1.5% foreign exchange fee (which btw is in line with other brokerages). But just like the other commenter mentioned, the $10/month feature is optional and it’s to give you access to a USD account. 😊

Do you find that you change your investments often depending on the market fluctuations or do you mostly just keep your money in the same stocks? I am not sure if i see the benefit to having a financial advisor much longer since i pay yearly % fees which are slowly increasing as I invest more.

@stephandden

2 ай бұрын

Nope! I keep my investments the same - my long terms goals haven’t changed, so neither do my investments. You should check out the video we just did on why we’re no longer buying single stocks. We both buy one ETF every single month and that likely won’t change for a very long time. Once you’ve built a good foundation when it comes to your knowledge and confidence - you come to realize that market fluctuations don’t change anything. I’ll buy when the market is up and when it’s down. 😊

WealthSimple is the way! 🍊

@stephandden

2 ай бұрын

🙌🏿🙌🏻

Wealthsimples been great for myself.

@stephandden

2 ай бұрын

That’s great to hear! 😊

QT has bad customer service too

KOHO better!!! No min...no holding and 5% interest

@stephandden

2 күн бұрын

Koho isn’t an investing platform - it’s not a comparable option to either Wealthsimple or Questrade 😊

@SANJ0288

2 күн бұрын

@@stephandden neither is EQ bank but it's better regardless

@SANJ0288

2 күн бұрын

Oh this comment is for a different video lol the one about HISA

I used Wealthsimple