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DON'T Use Wealthsimple Trade Until You Know This... 

New Money Nate
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I am a fan of Wealthsimple Trade and if you do want to use them, you check out the link below! (some have let me know that the referral bonus may not be working. I’ve been trying to troubleshoot this with WS for a while and will keep you posted. Regardless, you can sign up below!)
wealthsimple.sj...
The links above are affiliate links which Nathan Kennedy / New Money Nate Inc may earn an affiliate commission or referral bonus upon you signing up or visiting the site. This does not cost you anything at all and helps fund the channel to make more videos for you!
Contact me with the email below!
info@newmoneynate.com
Wealthsimple Trade is one of the best platforms in Canada for investors. Wealthsimple trade provides commission free trading and is a fantastic option for most investors...most. But until you know these few things, do NOT open an account with Wealthsimple Trade just yet!
Please comment any questions on index funds, exchange traded funds, fire, Wealthsimple trade, financial independence, fire movement, personal finance, investing, index funds, ETFs or any financial freedom topics that you are unsure of! Let's get financially free together!
Check out the Neo Card and their High Interest Savings Account Too!
join.neo.cc/ne...
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available for download through this website/page is not intended as, and shall not be understood or
construed as, financial, investment, tax, legal or professional advice whatsoever. I am not a financial
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6 сен 2024

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Комментарии : 152   
@Suroy
@Suroy Год назад
Would you recommend the Wealth Simple Invest side of the site? I believe its the best automated option for canadians even with the 0.5% fee. What are your thoughts?
@newmoneynate
@newmoneynate Год назад
It’s a great option too!! You can check out my link above to get $50 if you sign up!
@vladimirpanyukov8082
@vladimirpanyukov8082 Год назад
@@newmoneynate hi there, I used a link to sign up and deposited funds , but still didn't get the bonus. They options only to invite a friend or provide a code if I was invited. Do you have your code?
@newmoneynate
@newmoneynate Год назад
@@vladimirpanyukov8082 hey brother! So sorry to hear about that - I have noticed that I haven’t been getting any referral bonuses either and am trying to get in contact with Wealthsimple to figure it out. I will try to make sure everyone who used my link gets there bonus (and I get paid too!) will keep you posted man!
@vladimirpanyukov8082
@vladimirpanyukov8082 Год назад
@@newmoneynate do you have a referral code? Or link should give more bonus?
@shaunp4802
@shaunp4802 Год назад
Yeah, I signed up and no $25 or $50...
@ezaydens
@ezaydens Год назад
They've started offering DRIPs recently, so dividends can get reinvested into fractional shares.
@TheIzzbop
@TheIzzbop Год назад
BEEN looking for an update video taking that into account. that was the main last straw that made me switch my whole porfolio from qiestrade. Just going to use questrade for american accounts
@Nocturna.
@Nocturna. Год назад
every reviews that i see online about wealthsimple say that it doesnt have this or that, but all I need is a few ETFs that the app does have. I dont care about info/news on certain stocks, or daytrading, or any other thing that I'm not familiar with. I just want a set it and forget it approach, and Wealthsimple gives me just that
@newmoneynate
@newmoneynate Год назад
Exactly! I’m the same way!
@DreamStations
@DreamStations Год назад
Facts ill just buy and hold stocks for long term aint worried about all that
@MathieuGauthier-fj9lm
@MathieuGauthier-fj9lm 3 месяца назад
@@newmoneynate how is it for withdrawing your money? Ive read some people having problems
@Indo_chef
@Indo_chef 2 месяца назад
My daughter thought you were me on the TV 😝 maybe when i was a bit younger, and before i ate all the cheeseburgers
@robertt9342
@robertt9342 Год назад
If the big banks moved it to $1, it would make a difference competitively.
@Storynctech
@Storynctech Год назад
Might want to update the video bro. How do you know they wont build a comprehensive desktop platform? You said never but their newsletter said they are building it soon.
@kewlrunnings1
@kewlrunnings1 Год назад
They have Options, USD account, DRIP, recurrent buy any ETF CAD/USD
@80zplug
@80zplug Год назад
should i start using Wealth simple?
@davidtremblay680
@davidtremblay680 4 месяца назад
They do have LIRA and it’s very easy to transfer. I transferred from my other LIRA into wealth simple's
@rayc3103
@rayc3103 Год назад
Will WS remain solvent for the foreseeable future? That’s my main concern.
@imaginosdesdinova
@imaginosdesdinova 5 месяцев назад
Are they truly CDIC covered in case of a market bust?
@ryanreid5859
@ryanreid5859 Год назад
You can do all the research and tools on other sites. There are 1000s of other sites to do research and most are better than your investing platform is anyway.
@newmoneynate
@newmoneynate Год назад
Very true!
@trenthogan4212
@trenthogan4212 Год назад
I am only interested in Canadian stocks, is this a good option for me? I think people can make a fortune and keep their money here in Canada.
@WormWorld94
@WormWorld94 Месяц назад
No doubt, the population is growing and so is the economy.
@jannatykhan2379
@jannatykhan2379 Год назад
One of the worst app I swear for US stocks! I am plus subscriptions member. I invested $10400 in Cad and converted in USD and invested on stocks got profit around $90. When I am trying to get conversion rate it was showing me $10050 which is less then I invested.!!! I am extremely frustrated with thier customer service. Do they really answer phone calls? do they take seriously us really! Never ever take calls and don’t have any knowledgable agent to help us in the chat! Literally fed up of using thier services and paying on top of that nothing! Loosing money for ridicules amount of paying convert rate and guess what no one is there to explain what is going on!! This is my last month. Thier stupid agent is hanging up call on the face also!!! Please do yourself favour and don’t use this app again!
@newmoneynate
@newmoneynate Год назад
So sorry to hear to hear you’ve had such a bad experience! Definitely need to be mindful of some of the forex fees as even if they are competitive to other brokerages, they can be quite high (1.5%)
@Mohammed-oc6qi
@Mohammed-oc6qi Год назад
Spoke too soon, they just recently introduced options trading haha. Good video btw.
@tapiocachubs-ux8kv
@tapiocachubs-ux8kv Год назад
commission free?
@secordman
@secordman 2 месяца назад
Just thinking of moving a more dormant Tfsa to WS, high interest acct, no high leverage trading. Good video.
@afrazqureshi4185
@afrazqureshi4185 Год назад
So what is a more sophisticated trading platform in Canada with a 0$ commission fee?
@chronsblack4441
@chronsblack4441 Год назад
I would like to know also
@willweiss3205
@willweiss3205 6 дней назад
NONE!!!
@paulsantori8920
@paulsantori8920 Год назад
I’d like to see them add DRIP but it’s not a deal breaker.
@TheIzzbop
@TheIzzbop Год назад
they now offer drips
@shabandipandip8448
@shabandipandip8448 5 месяцев назад
When i add funds your $100 30sec next day I funds available to trade negative $ 100 I end owning $100 to wealthsimple I never bought any stock
@souviksen3102
@souviksen3102 Год назад
Is it advisable to buy US stocks for long term paying the fx conversion fee?
@imaginosdesdinova
@imaginosdesdinova 5 месяцев назад
What I'm interested in is WS CDIC insured?... of course they claim they are but they are not a bank so it is kinda yes and no answer. In case of big bust krypto or/and stock market question is if they are covered?
@hariram1584
@hariram1584 Год назад
Or just open a USD account and transfer your CAD funds there only 10$/mo and no commission fees
@Bilgewater
@Bilgewater 3 месяца назад
Oh wow they have drip and options now. Didn't know they didn't have it a year ago when this video released
@stunnin420ify
@stunnin420ify 11 месяцев назад
Sounds like I should invest in wealth simple 😂
@JosefA-zzzt59
@JosefA-zzzt59 9 месяцев назад
WS does not have the option to give you a holdings summary (market price vs book price) that you can download. I asked their customer service agents and they are very slow in getting back to me
@kasharudner4971
@kasharudner4971 Год назад
Hi, so they added Option trading since you published this video, what about Stop Loss feature? And hope for that? Thank you
@80zplug
@80zplug Год назад
should i use it?
@kellyevans9682
@kellyevans9682 10 месяцев назад
Yep they have stop loss and limits now too
@jessicaducharme3594
@jessicaducharme3594 Год назад
Yes but what about trading once you’re very well knowledged??
@newmoneynate
@newmoneynate Год назад
I personally think frequent trading is still gambling most of the time no matter how skilled you are haha
@Alwaysbmoving
@Alwaysbmoving 4 месяца назад
Help, my price alerts aren’t actually going to my phone. I’ve made sure my notifications are on. Anyone else got this problem?
@NicolasPicklelas
@NicolasPicklelas 10 месяцев назад
Saw someone dissing your music. I’m a producer and I think that music without any drums might be less distracting.
@mamakaka73
@mamakaka73 Год назад
If I have 5$ per week to ìnvest, is it worth it? Later will be more but until then....
@user-qv4ld1gz8q
@user-qv4ld1gz8q Год назад
Yes it is
@infamousnicone
@infamousnicone Год назад
Yes, any amount counts.
@ratking948
@ratking948 Год назад
How come theres no info on WS recurring investments?
@SD-sv7xt
@SD-sv7xt Год назад
Background music is soo irritating
@newmoneynate
@newmoneynate Год назад
You think so? The type of music? The volume? Or just music in general? Thanks so much for the feedback man!
@Kaekuu
@Kaekuu Год назад
@@newmoneynate Maybe just a bit quiter it fits with the editing though
@newmoneynate
@newmoneynate Год назад
@@Kaekuu okay thanks man!
@Kaekuu
@Kaekuu Год назад
@@newmoneynate np
@daysofcarnivore
@daysofcarnivore Год назад
Blunt, but I don't disagree.
@MrAlejandra00000
@MrAlejandra00000 4 месяца назад
So what app you can recommend for a bigginer ? I just want to start investing
@cajungames
@cajungames Год назад
Hey man my videos were suggested from your videos. S9 I'm here to say hello as channel neighbors!
@newmoneynate
@newmoneynate Год назад
Howdy brother! Hope you enjoy the content! 😄
@ishitamahajan2569
@ishitamahajan2569 Год назад
what if we buy any share from top gainers option in wealth simple ? that looks interesting
@BellaBella-jw9ef
@BellaBella-jw9ef Год назад
Can you explain fractional shares vs. DRIP investing?
@radicaltrains1402
@radicaltrains1402 Год назад
fractional shares , are just part of a share that way you don't need the to be able to buy a whole stock to invest in it. DRIP investing is when you get dividends from shares the money goes back automatically to buying more of that share. features aren't mutually exclusive and most DRIP investing uses fractional shares.
@Nonamebddhd_
@Nonamebddhd_ 9 месяцев назад
This just a promotion. You don’t even mention their pitfalls like withdrawal too slow No features like stop loss… Buggy app…
@lennyblunden872
@lennyblunden872 Год назад
It's extremely limited. I had it for about a week.
@chronsblack4441
@chronsblack4441 Год назад
What platform do you recommend I want London exchange ws dont have it
@piknik8230
@piknik8230 Год назад
is wealthsimple still safe? now that blockFi and FTX went under
@newmoneynate
@newmoneynate Год назад
Wealthsimple isn’t a crypto company - they have a crypto arm but that arm is regulated by the Canadian government. Crypto in general is extremely speculative in general. Wealthsimple is still a heavily regulated institution and it’s under the same guidelines as any other major brokerage in Canada. Totally up to you if you want to use it or not!
@adn17
@adn17 Месяц назад
Your content is great but your thumbnails are misleading. I know it might not matter to you, or you might say that I have to watch the full video to get the content; but I thought I'd let you know.
@willyd2404
@willyd2404 Год назад
damn holmnes, who be choosing a platform based on reduced exchange rates fees, any real investor is going to be using norberts gambit or some other cheaper option.
@Dantai
@Dantai Год назад
Is this out dated? I don't see Wealthsimple plus or whatever anymore
@wollins2
@wollins2 5 месяцев назад
Just starting to get into trading and am confused as hell sometimes! Whats the difference between Wealth Simple Invest and Wealth Simple Trade?
@Angultra
@Angultra 5 месяцев назад
WS Trade is DIY investing, WS Invest is managed investing for a fee. If you want to just buy individual stocks and stuff then use WS Trade
@john12334
@john12334 5 месяцев назад
When was time to get my money day blocked ma account
@xHaiiJinxtx
@xHaiiJinxtx 7 месяцев назад
It’s not Wealthsimple’s fault. Don’t trade if you don’t know what you’re doing.
@kamz6450
@kamz6450 Год назад
so… why am i losing if i put money on bitcoin when it was like 22500 and now i want to sell it and it told me that i’m losing money while it says that the price is 22 700 can someone help me
@newmoneynate
@newmoneynate Год назад
Could you clarify?
@kamz6450
@kamz6450 Год назад
@@newmoneynate how i’m still losing if the price goes up by 200$
@kamz6450
@kamz6450 Год назад
@@newmoneynate like the total return told me (-1,46%)
@brandondukes150
@brandondukes150 Год назад
It’s because when you bought it at 22500 that wasn’t the true price, Wealthsimple displays the average of the buy and sell, so when you actually proceed to purchase a coin it will be more money, and when you sell a coin you will actually get less then what it is displaying. This buy/sell fee is how wealthsimple makes their money through their crypto users.
@kamz6450
@kamz6450 Год назад
@@brandondukes150 ohhhhh okay thank you but with stock is it the same things or not
@hellonoitsfine9681
@hellonoitsfine9681 6 месяцев назад
Bro How does stop limit buy work I once got my order after 22 days But this time it didn't work
@minh7177
@minh7177 2 месяца назад
would u ever do review again for 2024?
@jacquelinehunt1921
@jacquelinehunt1921 Год назад
Can you transfer funds from WS account to another investment account?
@petey611
@petey611 Год назад
Yes
@MrScoobieman
@MrScoobieman Год назад
Do you think staking is safe in wealth simple? I debating staking my Eth…..
@newmoneynate
@newmoneynate Год назад
It’s totally up to you! They are subject to the same regulations as other platforms in Canada but I’m not too familiar with their crypto arm. Look into it further and make the decision that’s best for you!
@Zulushi
@Zulushi Год назад
Hey man thank you for the info. Good stuff!
@newmoneynate
@newmoneynate Год назад
Gotcha bro!!
@yoursprabhas
@yoursprabhas Год назад
am new at wealth simple .and i added fund but after a didn’t find any withdraw option on wealth simple app . How i can send my money back to my account ???
@CapitaLMing
@CapitaLMing 10 месяцев назад
Did you withdraw your money back?
@masterdeiji6462
@masterdeiji6462 10 месяцев назад
Hi! Is your referral bonus working now!
@newmoneynate
@newmoneynate 10 месяцев назад
Seems to be hit and miss. Link still works to sign up but totally up to you if you want to use it! Still working on it. Thanks so much!
@80zplug
@80zplug Год назад
you done made like 2+ videos about Not what to use SO WTF DO YOU USE?
@yordanosbeza2270
@yordanosbeza2270 Год назад
What are other platforms to use in Canada
@newmoneynate
@newmoneynate Год назад
Questrade is great too!
@ratking948
@ratking948 Год назад
@@newmoneynate questrade doesnt have any option to buy automatically or fractional share buys!
@Nicole-tp3fn
@Nicole-tp3fn Год назад
@@newmoneynate Way too expensive for options, $9.95 + $1 per contract. And $4.95 per stock, buy and then to sell. I am watching this because I am looking for more cost effective options. It’s between WealthSimple & IBRK.
@Andy-jg7vp
@Andy-jg7vp Год назад
Can kids use wealthsimple?
@newmoneynate
@newmoneynate Год назад
I don’t believe so but parents may be able to open accounts on behave of their children!
@nicholassheppard9311
@nicholassheppard9311 Год назад
Thanks brother I appreciate your time 🫡
@newmoneynate
@newmoneynate Год назад
Thank you man!!
@erickvega1431
@erickvega1431 Год назад
Awesome info with a lot of value as always! If I have a work permit but I’m not resident yet am I able to open a TFSA?
@newmoneynate
@newmoneynate Год назад
I don’t believe so - but I would inquire with the broker to make sure!
@cacevedo07
@cacevedo07 Год назад
Yes, you can open a TFSA account as long as you have a valid work permit. I did it.
@petey611
@petey611 Год назад
What a perfect question...to ask google
@youseff500
@youseff500 Год назад
​@@cacevedo07yes.. but, according to the CRA: "Any individual that is a non-resident of Canada who has a valid SIN and who is 18 years of age or older is also eligible to open a TFSA. However, any contributions made while a non-resident will be subject to a 1% tax for each month the contribution stays in the account."
@Nonamebddhd_
@Nonamebddhd_ 9 месяцев назад
You can
@willweiss3205
@willweiss3205 6 дней назад
As an Investor platform Wealth Simple is dope! If you are a day Trader you mostly lose anyway. ( look at statistic) Nice click bait though. Cheesy!
@sunnydsouza8551
@sunnydsouza8551 Год назад
Do you know which website has a good UI to analyse stocks ? The ones in Canada have a very boring UI. I come from India and I can say that trading and analysis are much ahead in India than here in Canada but I may be wrong because I haven't explored much. Do you know of any such websites?
@newmoneynate
@newmoneynate Год назад
Wealthsimple and Questrade are two of the best we have. You could also check out interactive brokers. They are pretty solid!
@Eliamaniac
@Eliamaniac Год назад
I like oanda for this
@caesaraltamiranor.7789
@caesaraltamiranor.7789 Год назад
Man Ui in India is more boring than the one here in Canada, I'm serious.
@wheelz191
@wheelz191 Месяц назад
Aaaaand they have options now
@semvlasveld8799
@semvlasveld8799 Год назад
Can you use simpletrade in Europe or do you know of a platform I could use in Europe to start trading or investing?
@newmoneynate
@newmoneynate Год назад
I don’t believe so - I’ve heard e toro is pretty good!
@ps1595
@ps1595 Год назад
What happens to our portfolio of wealthsimple goes bankrupt?
@smawunv1
@smawunv1 Год назад
I hope someome can answer this. I also want to know.
@omni1562
@omni1562 Год назад
Your money is secured with IROC, so you could choose to roll it over to another broker or bank the cash
@Nicole-tp3fn
@Nicole-tp3fn Год назад
Your cash is insured with the CDIC & they should have insurance to cover this. Ask them.
@Livemnmls
@Livemnmls Год назад
Account for children is available ;)
@ajaykumargoel9398
@ajaykumargoel9398 Год назад
As usual Nate, excellent insights! Thanks alot!
@newmoneynate
@newmoneynate Год назад
Thank you Ajay!!! Always love hearing from you!
@basilio100
@basilio100 Год назад
why do you use a catchy title - "DON"T use... " Sorry, but it is silly way to attract attention.
@BobProductions
@BobProductions 10 месяцев назад
nice lip sync... ...unless u got a second mic
@TylerBossmann
@TylerBossmann Год назад
JLY
@kishanpuriya7365
@kishanpuriya7365 Год назад
Wastage of time
@marbles9420
@marbles9420 2 месяца назад
Did somebody force you to watch this? I apologize if someone has a gun at your head to make you watch 😮
@whywhysoserious7177
@whywhysoserious7177 7 месяцев назад
I HAVE A MEDICAL DEBT IN QUEBEC AND I have assets in tfsa wealthsiple. Will they sieze it
@VenomPulse
@VenomPulse Год назад
As a update: Wealthsimple now allows WealthSimple Trade via their Phone app.
@Randomototo
@Randomototo Год назад
To late now
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