Let me just say this channel is completely underrated. There should be millions of people watching. I’ve been watching for about 1.5-2 years and I always look forward to the next video. The content is ✨Gold✨ Because of you guys I started investing early and have enjoyed seeing your journey.
I'm coming to Canada as an international student and am really interested in investing stuff. I'm really grateful I found you guys. Thanks for your efforts. 🥰🥰
It’s very overwhelming to get started and I’m very lacking in the knowledge department on money and stuff so these videos are definitely gonna be apart of my routine hah
Hey Lauren! It's definitely overwhelming to get started. But, we love hearing that - hopefully our videos give you a strong starting point 😊 let us know if you have any questions!
Love your content! Do you have a demo video of the DYI approach on Wealthsimple? I think I saw you have a step by step demo for the robo advisor version but one for the DYI approach and how to automate the monthly transfers/ buying would be greatly appreciated 🙏🏾
So if "time in the market" out performs "timing the market" and I have $6000 ready to rock my TFSA, I deposit it all at once January 1st right, no need to stagger it into tiny recurring payments throughout the year?
Thanks a lot ! I like your Ramit sethi attitude 😊 was looking for the Canadian version and I think I’ve found it ! You’re great ! I have a question though, I do ETFS on my French bank account and I wonder if I should open one in Canada or just keep one and continue investing on it ? Thanks for your time 😊
Thanks for the video! I’ve been watching for a couple years now and this was a nice recap. I always feel hesitant with US index funds, as I get confused by the conversion rates and fees from CAD to USD when buying into these funds. Would love a video on this piece, or a link if you already have one. :)
Hey Tina! Thank you 😊 good point re: the US funds with conversion rates/fees - there's a good article from Young & Thrifty called 'Sorting Out Canadian Listed ETF's vs US Listed ETF's' that gives a great overview! We can talk about it more in future videos, too.
Would u ever make a video on GIC’s. Trying to put some money in there. Some of the big bank platforms are so hard to understand. RBC has me everyday ready to switch only because they are my longest credit standing. Also what about KOHO bank account.
I know this video is over a year old now, hoping you can still be of help though! I can’t seem to make a choice on which brokerage (online/bank) to go with. On one hand I bank with a credit union which uses Qtrade. I just haven’t heard the greatest things about it. Starting with anything say qtrade is probably still better than nothing for now until I learn more? Or would you hold off and just save my money in my savings until I’m more knowledgeable? I also don’t mind the idea of my bank being there to answer any questions I may have. Is Qtrade that bad?
Hey Ashton! 😊 After taking a quick look at their website - we see that they have a quarterly administration fee and account specific fees as well. This seems a bit odd considering that even the big banks have eliminated most of these types of fees. In general, Wealthsimple is a great beginner friendly brokerage that has no fee trading if you decide to go down that path. Have you decided if you want to go down the robo-advisor or DIY path? I would recommend you watch our videos on wealthsimple and in particular Steph most recent ‘Wealthsimple Invest Portfolio Results After 3 Years’ video where she talks about what she’s learned so far and some of the changes she’s made. Hope that this points you in the right direction. Also, you can sign up for our newsletter via our website where we’ll be sharing updates on a step by step investing course thats coming soon.
I played with python code. This is well put together. Now I’m building strategies with pluto io as it is a lot more easier for me and faster to see results without spending a lot of time. I also tried desk, etc. with little wins.
I’ve been watching your videos for about a year and being in Gen Z the two of you have been very educational! What high interest savings accounts would you use in Canada?
Thanks for watching, Paul 😊 we use the EQ Bank high interest savings account, they just increased their interest rate to 1.50%! We have a link in our bio
in Wealthsimple TFSA, can I sell and buy stocks as long as I am inside the tfsa account? I am not supposed to use the wealthsimple tfsa account for day trading, right??
TFSAs are registered accounts intended for investing and growing your savings over time.” If you buy and sell investments frequently inside a TFSA, the CRA “may consider your account to be ‘carrying on a business,'
They help you at the start by asking you a series of questions 😊 there are also risk level tests out there (Vanguard has one for free online!). Lastly, we do have a video talking about this from earlier this year - called "Why I'm Investing In 100% Equities (No Bonds)".
Hey! We’ve got a waitlist on our website for our Simple Investing course that’s coming soon. You’ll be able to ask me and Steph questions directly once it launches. Check it out 😊
