Wealthsimple performance reddit 2 Hi all, I opened my wealthsimple account in April 2017, and have had a return of -1% or less since then. It is much more important to look at performance of your fund than the fees you pay. Question for you all. As it stands, WealthSimple Cash aside from Get the Reddit app Scan this QR code to download the app now. I get about $1,500/month in dividends and it has a great dividend and performance tracker, etc. They are the ones who own the real asset (Bitcoin) and WS's robo advisor is active and typically this sub believes in passive instead of active investing. I also had one major technical glitch where $24,000 was auto-withdrawn from my account (auto-deposit was stuck in a programming loop pulling out $2,000 every 2 hours!). Some of the major reasons include that WealthSimple Trade now has DRIP which reinvests dividends. Investing Performance over a short period is irrelevant. Or check it out in the app stores Wealthsimple TFSA vs Managed TFSA . The fees and illiquidity are, oddly enough, nearly the same as the Wealthsimple Private Credit Fund. I'll still wait until more info regarding the fund is available. Bonds with no upside and a huge potential for downside, while most wealth management firms (I’m a portfolio manager) wouldn’t let us go more than 20% even for very low risk investors. Some performance struggles, some strange customer journeys, and some oddities that would never have gone to market if The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Yes, since inception Wealthsimple’s performance has been generally terrible when compared with other inventing platforms. When you look at this there doesn’t appear to be ANY benefit to diversification which is obviously not the case. *** Posted by u/Utterly_infallible - 28 votes and 40 comments The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Welcome to the official subreddit of the PC Master Race / PCMR! All PC-related content is welcome, including build help, tech support, and any doubt one might have about PC ownership. true. you will need to log into your brokerage account, calculate how many shares you want to buy, and buy them. I am in Canada. The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Reply reply The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Or check it out in the app stores Wealthsimple boasts that Private Equity has outperformed the stock market by 4. It looks like you invested in the fund on May 31st so I believe its normal for the performance not to reflect yet. When bonds were paying 1-2% WS would stick “safe” investors with like 60% bonds. The people downvoting you could, of course, have told you that an high yield saving account underperforms XEQT, but carries almost no risk, making it a much better vehicle for short and some medium term savings, while XEQT (or other similar broad or total market ETFs) are The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. I also have Wealthsimple trade tfsa for Canadian stocks and The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. More portfolios to choose from, you also have a little more control with some added features. I would move your money So a lot of people seemed to like yesterday's post for the 100% equity portfolios and asked me to create one for Balanced (60/40 portfolios). and International, Federal, State, or local. Their monthly performance for private equity and private credit updates once a month. 1 Quarterly total returns for the fund were 4. For reference, the accounts are a TFSA and an RRSP. Not the cheapest but for $11. *** Get the Reddit app Scan this QR code to download the app now. Is it possible to display YoY performance for your portfolio? Or is there a feature that shows your quarterly/yearly performance versus indexes like S&P, Dow I'm looking for real data on Wealthsimple's Growth and Balanced portfolio performance for the last 3 months. In addition to the above 2 ETFs I am also looking at S&P 500 Sharia Industry Exclusions ETF (SPUS)- USA funds and Wealthsimple Shariah World Equity Index ETF (WSHR). Share While past performance over a short period isn't terribly useful, it does show some of the potential pitfalls Go to Wealthsimple r/Wealthsimple • by jack_sexton. *** I ran a 12 month test among Wealthsimple, some equity mutual funds via an advisor and Canadian bank stocks. 8%, respectively, however these have both gone up by 8-10 ticker points since April. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. *** My biggest problem with how Wealthsimple reports performance is the complete lack of reporting on volatility that they provide. I am pleased to share that Wealthsimple Private Credit announced a distribution of $0. Select a performance data type (Historical Questrade has lower MER and I think more exposure to US market. How can that be then? Fairly new to investing, so probably missing something. Or check it out in the app stores The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. The question is, do you have the knowledge and desire to manage your own investments. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 99/month it's better than anything else I've tried so far. 3-0. The reality is, you can't pay for more performance and reliably expect to get it. *** There is an active component to the managed accounts, I did a comparison the relative performance of the WS Managed, to Questwealth, to two asset allocation ETF's here. Hi all, I opened accounts with Wealthsimple about two years ago in January of 2021 and I'm starting to have some questions about their performance. The problem here is the allocation. When you give those bank credentials to WealthSimple, you give them to Plaid, which uses them to vacuum up all of the information it The problem with the WealthSimple robo-advisor service is that they've been trying to actively manage the ETFs, and they've done a shit job which has resulted in serious under-performance over the last several years to the extent that even many of the banks' 2% MER funds have managed to achieve greater net-of-fee performance. Pretty surprising wealthsimple cannot correctly calculate this, it seems like they just tried to reuse whatever they had for their managed fund stuff. This subreddit is a place to discuss anything related to Canadian personal finance. The Wealthsimple portfolio is based on the iShares MSCI World Islamic index ETF (you can google that). *** Wealthsimple performance upvotes CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Wealthsimple Invest is great because you can forget about it. This is just a community. *** Let's you import all of your accounts from Wealthsimple and track them as separate portfolios. They might have other interest generating income, but you're not involved in Mainly, because of Foreign Exchange fees with Wealthsimple. *** I suppose this is a common question but does someone see a difference in performance between the standard portfolio and the SRI portfolio from Wealthsimple Invest? The first one seems more diversified and the SRI looks to be only Wealthsimple’s own indexes so I was wondering how the two compared regarding performance/growth. r/PersonalFinanceCanada has some great resources about when you should consider View community ranking In the Top 1% of largest communities on Reddit. That, and you really can’t finesse your orders. Target education funds have averaged 5-6% over this time. Most PE funds actually deliver similar performance to the S&P on a gross basis and actually underperform when you WealthSimple’s asset allocation has been egregious for years. anyone please correct me if there’s anything wrong as i’m I know that VGRO has been for only 3 years. As to dealing with brokers like Wealthsimple or TD DI, it's the same thing as putting your money in a bank. Discussion is geared towards investment opportunities that Canadians have access to, including questions regarding individual companies, 65 votes, 90 comments. Or check it out in the app stores   Performance in 5 months doesn’t mean anything The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. OP has an allocation meant for someone who is getting close to retirement, not someone young trying to grow their The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. I noticed that it states the performance of VTI and IEFA is -5. [State] and [Type] of property tags are required in the title of posts 49K subscribers in the Wealthsimple community. What bugs me about Questrade is it seems like the website is kinda clunky/complicated to work with and you have to pay to sell. If your portfolio is diversified, then you are likely investing in the same things Wealthsimple is. Woth VGRO etc. More importantly however, the behavior of reddit The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Set it & forget it. View community ranking In the Top 5% of largest communities on Reddit. Initially I believe I was 75/25, then I went to 80/20, then 90/10 and now I’m 100% equities. I've been using the robo advisors from Wealthsimple, Modern Advisor, Questrade, and CI Direct (formerly Wealth Bar) for about 5-6 years and can say that they've all performed pretty The question was why Wealthsimple over a traditional bank, and the answer is the trading and admin fees are much lower on Wealthsimple than a TFSA with a major bank like I occasionally use Wealthsimple to gamble invest small amounts in crypto but I've been looking to put more money back into a managed and self-managed portfolio, as well as Investing Wealth simple vs Questrade? (self. What bugs me about Wealthsimple Trade is that it'll take 3-5 days for money to be transferred over and rates posted are in delayed time. WS Invest has fees that are 0. This is why Wealthsimple is a far better long-term choice. Although I love Wealthsimple I will say that it is pretty terrible for daytrading because of the constant performance issues. Posted by u/nobleniner - 108 votes and 103 comments I've made lots of contribution over the 10 or so years. *** Given the same risk level the Tangerine and WS investments should return approximately the same amount before fees. You basically can use it for long only no margin and limited products. The IRS is experiencing significant and extended delays in processing - everything. Wealthsimple has higher MER but it's not too bad. The platform is great for assessing individual stocks and it provides the tools you need to track your performance, dividends, etc. Wealthsimple's robo-advisor approach for the TFSA has averaged ~5% return over the last couple years for me, vs 2% (if I recall correctly) for the Tangerine TFSA. How has the venture fund performed. I think everyone would want that considering how popular Wealthsimple is already. 5%. Or check it out in the app stores You pay around $25 for each 10000 at questrade vs $70 for each 10000 at wealthsimple Growth: depends on your risk level. ). This has nothing to do with Wealthsimple vs manual investing. Assuming a risk tolerance of approx 80% stocks, WS underperformed VGRO and XGRO. However, things have changed and because of that, I’ve moved my portfolio away from WS managed investments (the robo investor). Venture fund performance . If you want to learn how to do it yourself, then you could save on fees buying a risk appropriate all on one ETF. Nothing but good things to say about WS so far, solid performance with zero active mgmt required. 9% per year (while significantly more volatile from year-to-year). The holdings in Personal are also a mixed bag in terms of their performance—some are way up and others quite down I use wealthsimple. Easy to do, but not for everyone and you have to be more disciplined. Buy only VGRO with lump sum and continuous contributions: Equity (80%) Fixed income (20%) Overall fees (0. . ***We are in no way affiliated with, endorsed or sanctioned by Wealthsimple. Or check it out in the app stores I'm thinking of liquidating my Wealthsimple Balanced Invest and move it to Wealthsimple Trade for the following reasons: Consistently poor performance in WS Balanced Invest about 2% rate if return in the last 12 months. Just set up a bill payment at the same frequency of your paycheque and you're done. Why either or? Don't bother with WealthSimple Cash unless it's a temporary money storage before you use the funds to invest that or you're holding out for their spending features which have yet to be released. I don't use them but I would assume the UX is better than Questrade especially on the app but this is a platform for people who have no idea how to invest and just like believing that there are no fees. I ended up skipping out on it because of the lock in First, you need to have a realistic guideline for investment returns over a 30-year horizon. I've also updated my strategy over the past few weeks. With their balanced portfolio's 5-year performance barely above 6%, it's extremely disappointing. How does the 15% performance fee for returns above 5% work? There were conflicting views in another thread so I'm seeking clarity. *** Many people will refer to the performance in the past 10 years as a rationale to invest in the market. Has anyone here joined the venture fund. 75% on average each year for the past 20+ years Historical performance is of course not a good indicator of future performance, but it is highly Posted by u/Noffica - 3 votes and 3 comments The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. The index funds a robo-advisor uses represent the aggregate performance of an awful lot of very smart, very well funded people and institutions. Or check it out in the app stores Questrade's robo-advisor or Wealthsimple's robo-advisor? Also open to any other suggestions, or advice on saving. and International Not to mention, Wealthsimple could strike deals with Morningstar or other companies to provide access to their research and news to Wealthsimple clients for free that non-Wealthsimple clients would otherwise have to pay for. Don't post questions related to that here, please. For reference, the accounts are a IF you've been using Wealthsimple's robo-advisor for convenience purposes vs an asset allocation, the cost over the last 5 years has approximately 2% of your portfolio value/year. As mentioned above, WealthSimple uses Plaid, which is a data miner and a privacy nightmare. I can't figure out a way to really compare the investment performance. Even on a smaller sum like $20K, that's $400/year in lost performance. Option #2: Wealthsimple Trade TFSA. Even high MER bank mutual funds have provided much higher IF you've been using Wealthsimple's robo-advisor for convenience purposes vs an asset allocation, the cost over the last 5 years has approximately 2% of your portfolio value/year. Imagine getting caught in just 1 bad trade and being unable to exit your position because Wealthsimple is having connectivity issues for several hours. Wealthsimple is a Canadian investing platform. This assumes you are using a properly diversified portfolio, and you can expect long-term returns to average 4. I did a weighted averaging of the performance of their allocations. S. 2256 per share for the first quarter of operations, which translates to a 9% annualized distribution yield. 6% and -5. 4%. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with Get the Reddit app Scan this QR code to download the app now. 3% since then. I've also have $6K in wealthsimple for a few years to test it out and fundamentally, I want to move away from mutual funds as everyone advises against it. 25%) I believe I only have to transfer funds to my Wealthsimple Trade TFSA account, wait a few days until the transfer is complete, and then buy VGRO which I wouldn’t mind doing once a month. *** I started Wealthsimple invest June 2020 and I’m up 11. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. Reddit's hub for advice, articles, and general discussion about getting and Il y a trois ou quatre outils dans Wealthica qui te permettent de surveiller ton portfolio (voir les gains réalisés, les frais encourus et la projection des frais dans 30 ans, suivre les dividendes, comparer la performance de son portfolio au SPX, NASDAQ et S&P500), et l'avantage de ça, c'est que ça se synchronise avec Wealthsimple, donc tu n'auras jamais à entrer manuellement The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. A lot of weird comments here. *** Depends on how involved you want to be. 4% lower so theoretically WS should win after fees. *** Wealthsimple is a Canadian investing platform. Reddit's #1 spot for The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. *** The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto Get the Reddit app Scan this QR code to download the app now. Get the Reddit app Scan this QR code to download the app now. /r/GuildWars2 is the primary community for Guild Wars 2 on Reddit I personally like WealthSimple Invest over RBC invest ease. Why not just buy VGRO or VEQT in a self directed View our Classic Portfolio performance to find up-to-date information, including: To view Wealthsimple's Growth portfolio performance over time: Scroll down to the Performance over time section. I'm trying to add some diversity with some US blue chip stocks (mostly tech and pharma so far) as well as both broad market and targeted ETFs (XUU for the former, ZINN, Canadians interested in investing and looking at opportunities in the market besides being a potato. I realized I wasn't exposing myself to global and US stock markets. I know they publish this data in their help articles, but I'm looking to compare the data from actual users. PersonalFinanceCanada) submitted 4 months ago by Existing_Solution_66. WS I read Reddit based on suggested topics so I get a lot of WealthSimple, dividend investing, and mortgage topics in my suggested topics even though I am quite negative on all three of those. Other than that, I found these 2 are pretty much It's not just the market. I contribute 200 dollars biweekly. Like the Wealthsimple Private Credit Fund, I'll probably put the minimum amount into this, as well. 3 years, zero return on investment. Go to Wealthsimple_Trade Portfolio Performance Display . I left for the fees and I am coming back. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Posted by u/num2007 - 3 votes and 39 comments Get the Reddit app Scan this QR code to download the app now. 32 votes, 15 comments. At the end of the day, Wealthsimple is a tech company and really is no better at predicting the best path for future gains than anyone else. 2% - 6. In 2021, I finally started doing investments through Wealthsimple’s managed accounts. No complaints, except for trading Are you happy with their performance? I transferred in to a managed TFSA with risk level 10 in Feb 2023 and it's up 17. I followed your recommendation and checked the allocations of both WS Invest and VGRO, and I traced the performance of their allocations 5 years back. Currently with QT. *** Wealthsimple is not a real platform. So here it is: 2023 total return (including dividends/distributions) according to Morningstar: XBAL: The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Unfortunately, with BTCC, QBTC and WealthSimple Crypto, you cannot take your Bitcoin off of their exchanges because, again, you do not truly own Bitcoin with them. *** Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. They've been sued by TD because of their practices. The topic of "personal finance" includes budgeting, goal planning, taxation, saving, investing, banking, credit cards, insurance products, life event planning, major purchase advice, unique deals and tips for frugality, employment and other income sources, global or national The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Wealthsimple Performance less than stellar? Hi all, I opened accounts with Wealthsimple about two years ago in January of 2021 and I'm starting to have some questions about their performance. Rather, you own shares of the fund whereas those organizations truly own the asset since they have the "keys". *** Nexo is the world’s leading regulated digital assets institution. Both I believe will perform about the same long term. Most the people complaining about XEQT has a very assumed cult mentality on Reddit, if you read through the subreddit linked. With Wealthsimple you can be pretty hands off and consistent, which can be worth it for some people. from what i understand, when you invest in these stocks, especially with wealthsimple trade, they basically do the same job as wealthsimple invest but you don’t have to pay the commission fees whereas with wealthsimple invest there’s a fee called MER, management expense ratio. but any robo should work fine Self directed investing with all in one etfs on platforms like wealthsimple only takes a few steps once you know what ETF you are buying, read !StepsTrigger As someone who moved my RESP from RBC to Wealthsimple, I have learned my lesson. I built up an emergency fund (~30k) which I kept at EQ bank, but recently also moved that over to a Wealthsimple high interest personal account that automatically invests it in PSA, since it’s higher interest than EQ bank’s savings account. If we’re talking WealthSimple Managed investments, then i think they’re minuscule and the ease of use makes up for it. The ordering was Bank stocks Mutual funds Wealthsimple It was a year not a long term thing so YMMV and past performance is not an indicator of future performance, but you can guess which one of the 3 I'm dumping. chhel bffvmeiq gfwsnom vncr yojqiwxp uzvcn ozl mmli rruhdx zkvjyh fgrns jnqjzh eknnn kthadd yaus