Is Wealthsimple right for me? : r/PersonalFinanceCanada - Reddit

All that to say, I'm good with money in a personal sense (saving, paying bills, fiscally responsible) but I'm not too educated on investing and all that it entails. If someone is able to offer some …

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Wealthsimple Pro And Con : R/PersonalFinanceCanada - Reddit

2 weeks from now

Pros: -Cash account where you earn 4.0% interest (I earn 4.5% because I do direct deposit from my work), whereas most big banks charge monthly service fees if you keep you balance below …

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Wealthsimple : R/PersonalFinanceCanada - Reddit

2 weeks from now

So, my Wealthsimple returns have consistently been low for the past 5-6 years. At best, I’m making less than a basic 4% interest rate account and some accounts are even lower.

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FAQs about Is Wealthsimple right for me? : r/PersonalFinanceCanada - Reddit Coupon?

Is wealth simple a good robo advisor?

Wealth simple robo advisor has terrible returns vs some of the big banks funds, no idea what you are talking about. Source? Please expand on this, Wealthsimple fees are less than half of the big banks for automated investing. ...

Is Wealthsimple cash a good investment?

WealthSimple Cash offers one of the highest savings rates for regular savings accounts. Some may even throw the money into HISA ETFs via WealthSimple Trade for the higher interest as well (no CDIC protection though). It's excellent. Easy to use, low fees. Just open the brokerage account and get the cash etf I love it because there are no fees. ...

Is Wealthsimple a good bank?

Their UI is very clean and simple, you can setup an account in a matter of minutes and the fees are low compared to what the big banks offer. Wealthsimple customer accounts are also protected by the Canadian Investor Protection Fund for those who are worried about if they were to go out of business. ...

Should I use Wealthsimple?

The last 3 ish years I’ve used Wealthsimple after transferring everything out of TD and I’ve had no complaints really. Be away of some hidden fees such as the American stock trading fee of 3% if you are going to be trading lots in US stocks. ...

Is Wealthsimple legit?

You're not giving that info to wealthsimple as there are other methods of linking accounts which don't involve literally giving away your security credentials. I litterally just signed up. Takes 10min, i like it so far. Its legit. ...

Does Wealthsimple offer multiple products?

Edit: My apologies, it was pointed out there are multiple wealthsimple products, to clarify, i originally meant “wealthsimple trade” Just so the OP isn't confused, Wealthsimple offers multiple products. One is Wealthsimple Invest, which is a robo advisor. This is where you work with the robo advisor to determine the appropriate level of risk. ...