After 4 years of using Wealthsimple Invest, I want to share my results and my overall review of investing in my RRSP using this robo-advisor. Like I mention in the video, I opened my RRSP account with Wealthsimple in February 2017, right in the early days of robo-advisors in Canada. Honestly, back then so many people were afraid to invest with them fearing they'd go under.
Well, since Wealthsimple just announced their latest $750 million investment round, the largest private tech investment in Canadian history, Wealthsimple isn't going away any time soon. And after looking at how my retirement portfolio has grown over the years, I'm so glad I took the leap (especially since I was previously stuck in a portfolio of high-fee mutual funds with one of the big banks).
Although I don't show you my current balance, because this isn't a test account, this is my ACTUAL RRSP housing my main retirement portfolio (I do invest elsewhere, but I'll save that for a future video), you do get to see my returns, the fees I've paid, the dividends I've earned, the portfolio I'm in and the reason why I earned the returns I did.
Also, since I mentioned this in the video, although I share what portfolio I'm invested in, remember that that doesn't mean you should be in the same portfolio. Everyone's different and you should invest according to your own investment goal, time horizon, and risk tolerance.
Lastly, though this should be obvious since I always disclose any paid partnerships, this video is NOT sponsored.
If you'd like to get started with Wealthsimple, make sure to take advantage of my affiliate link to get $50 on sign up: http://jessicamoorhouse.com/wealthsimple-aff
If you have any questions about Wealthsimple or robo-advisors in general, let me know in the comments!
CHAPTERS
00:00 Introduction
2:25 First Look at My Portfolio
7:10 My Portfolio's Asset Mix
11:19 My Deposits, Fees, and Rebalances
RESOURCES
➡️ Sign up to Wealthsimple and earn $50 http://jessicamoorhouse.com/wealthsimple-aff
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, blogger, YouTuber, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into my full-time business so I could spend all my time teaching others how they can take control of their lives by taking control of their money. To learn more, check out my website https://jessicamoorhouse.com
#money #personalfinance #investing
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DISCLAIMER & DISCLOSURE
The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/
