Worried About The Coronavirus Impact On Markets?
At the end of 2019 after the Portugal Chautauqua, we decided to fly over to Asia to spend the winter months escaping the snow and chilling out on the beach. We’ve been to Asia before and loved it, but this time something was different. In the middle of December, we started hearing about a mysterious flu-like disease coming out of Wuhan, China. Little did we know that we were witnessing the start of the coronavirus epidemic that would eventually spread all over Asia, and then even beyond that. This isn’t the first time we’ve ran into news events during our […]
Investment Workshop 56: How Does the WealthSimple Portfolio Stack Up?
Last week, we took a look at WealthSimple’s user interface. Since the entire point of Robo-Advisors is to be user-friendly, I was expecting a pretty, easy-to-understand flow and in this case, WealthSimple didn’t disappoint. But to be honest, pretty much every Robo-Advisor is user-friendly. A Robo-Advisor that opens up with a view of complicated charts and spreadsheets wouldn’t last 2 days in this space before going down in flames. But we do know that behind that user-friendly sheen is the crux of WealthSimple’s value-add: Their portfolio design engine. How does WealthSimple take those responses from the questionnaire and translate that […]
Investment Workshop 55: Wealthsimple
So today we’re going to take one of these Robo-Advisors out for a test drive. Sound like fun? That’s because it is! Our Robo-Advisor that we’ll be evaluating will be WealthSimple. Why WealthSimple? I’ve actually been following WealthSimple for a few years now and have really been impressed by their company’s growth from a relatively small Toronto-based fin-tech startup into the stable, mature company it’s become. At various times, I’ve also played around with their interface and have always been impressed. And most importantly, they’re an international company. Most Robo-Advisors out there work only for American citizens, while WealthSimple supports […]
Investment Workshop 54: What About the Robo-Advisors?
Hello again! It’s been awhile, hasn’t it? We first did the Investment Workshop in late 2017, and since then I’ve been inundated with emails saying how helpful it’s been (thanks everyone!), but one glaring question people keep asking me is: What about Robo-Advisors? So I thought now would be a great time to address this by adding a section about them to the end of our existing Investing Workshop. While my own personal investing style is to do everything myself, I get that for some people managing their own portfolio on their own can be a bit overwhelming and they […]
Why The Banks Are Out To Get You
So over the break we opened up our email and saw this: Hello and Happy New Year! I’m very much enjoying your book, Quit like a Millionaire, and have a question regarding Chapter 10, specifically on the ability to purchase index funds without a fund manager. Was this set up and purchase of the index fund referenced in Chapter 10 conducted within or outside of Canada (i.e. under “How to Steal from Wall Street” section pg 98 in my book copy)? I am in Canada and have been informed by my financial institution that I’m unable to purchase index funds […]