What are your thoughts on this? Leave a comment below! ► 🇨🇦 Get up to $2,400 on Signup with Moomoo (Stock Broker): j.moomoo.com/00Cwm8 ► My FREE Stock Investing Course (Skillshare): skl.sh/3ODk1tN -Griffin
All managed REERs I have used over the years have had abysmal results. The "bank" makes money, but not you, I'm now 100% self-managed with 10 times more returns.
This video might be intellectually dishonest. At 2:00-2:12 you can see that you just lump summed invested at a couple different points, not dollar cost averaging. So when you said "I thought they would use the covid as an opportunity to buy ETF at a cheaper price" how would Wealthsimple do that if you didn't contribute more money? They cant predict the future to un-invest your funds in a down market and if you don't contribute more money then.... 🤷🏻♂Look maybe I'm wrong but this seems like a clickbait title with what some cherry picked data. In the past 2 years with DCA each month I have had 15% growth in my Managed Account of the same risk level. 15% in 2 years where one of the years was a recession is pretty good for me. Just sharing my 2 cents and alternate experience.
That's a fair point to bring up and could very well have impacted the returns. My expectation would be that for a "fully pasisive and managed" investment product, it should be able to take profits and reinvest, thus lowering cost basis, as any investor would/should do.... None the less, I am personally done with managed account such as this, and will continue to now switch towards my own investing, which has FAR outperformed these returns with lump sumps as well in many instances. Also, if you go back and watch my past videos documenting this account over the years, you'll notice similar results. Thanks for watching
To be fair though, the video talks about Wealthsimple INVEST, not trade, which is completely different and a great stock brokerage for everyday retail investors
I do not understand wealthsimple one bit. It says in green color I am + 2300. Yet my portfolio value is only 500 dollara above my net deposits? The heck does it mean?
Always keep in mind if an institution is investing your money for you, especially using an investor risk profile framework they have more of a fiduciary duty to preserve your capital through over diversification, a spread of asset allocation and fixed income exposure to shelter you from potential big losses than make you substantially high or market matching returns. The average investor is far more likely to get freaked out and pull their money out of the market if they see one 15-30% downturn rather than question if they could do better than average a 4 or 5% annual return over decades.
Yea if you invest once and then stop what are you expecting of ? You need to keep contributing and have that as a routine and discipline to keep it growing!
I’m new to investing, I don’t know much but have learned a lot from your channel. I hope this isnt a dumb question, but isn’t 15% good?? I thought as long as you’re getting over 7% that it is a good thing? Here I was thinking I was doing well but here you say it’s abysmal 😮
@@Mezxxiiok thank you. I’m not sure I understood this concept fully… so if I got 10% one year, and then 10% the next year, my all time return would be 20%?
A 15% total return over 6 years averages out to an annual return of 2.5% per year. For comparison the S&P 500 which is the global benchmark for the stock market has done a 100% return over the past 6 years which is 12% compounded annually. There is a massive difference between the two.
Could it be because you didnt invest regularly (monthly)? I have been with WS for a little less than 5 years and have invested twice a month during covid and now once a month. I’m up 24.70% as of this writing with a risk level 9.
According to the Wealth Simple’s charts their growth robo have made 37% over the last 5 years. That is from their historical data. Interesting that your results are quite different.
I tried the managed Wealthsimple Invest when I joined and let it ride for a while and there was no excitement as far as gains, so I put it all into Trade. You had a similar video a few years ago mentioning you had it in middle risk not knowing? I did the same and then went to 10. After one year I had enough as the gains were low. I guess you have to try it to know if it's any good, at least you didn't lose anything except a higher return.
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 crypto or/and stock market question is if they are covered?
CDIC does not insure or cover anything held in stocks, bonds, ETFs, mutual funds or crypto. The only thing that’s insured are cash deposit accounts and term deposits like GICs if they’re held at an institution which is a CDIC member. If the brokerage of your investments were to ever go bankrupt however they’d have a third party institution or custodian bank your investments would be put in receivership to until they could be transferred in kind to another institution on your behalf. So if you lose all your money on a stock, you’re shit out of luck. If Wealth Simple were to ever go bust and you’ve got a whole bunch of money in stocks on their platform, you’ll be okay lol
Hi Griffin, awesome video! This video got me thinking are there're any tax implications for buying US securities as a Canadian? (both registered and non-registered accounts)
The irony of risk level is "fixed income" is primarily bond etf's which are as volatile or even more volatile than stocks since their value fluctuates with interest rates instead of just earning income.
Transfer your account outside of wealth simple is very simple and quick. Your next broker or financial planner needs to have the statements with account numbers. then the system does the rest.
Yea that’s completely different. 95%+ of my portfolio is with trade and other self directed accounts. I just wanted to see how “Invest” would do. Thanks for watching!
If you had contributed weekly or bio weekly like I did during that time then your results would have been much better, like mine was! I have nothing but positive feedback about Wealthsimple invest!
Yup. All those clowns who work for the brokers tell u to diversify. I have been diversifying for years into bonds, Europe, and emerging markets. My account has been poo worthy. This year I am done with all that. Yup I am super, super late to the party, but I am going 100% US equities. Even if there's a down trend for a year in the US, it will recover. And when it bounces back, it will compensate for the previous down turn so much so that it will be more valuable in the end than if I "diversified" into other markets. I am already up 41.5% in just 3 months so no complaints.
I also tried this auto invest for 6 months and did not like the performance one bit. I figured I can do better just go sp500 etf. So I took all money out.
I've traded stock constantly at 15-20% margin for the past two months.... it didn't show. But now I'm down 200 cad it seems again and again it's like I'm charged 100 cad a month .... now I've been video tapping trades and will be showing video proof of trades to authorities if they don't resolve and explain.....( on all my other accounts those same trades netted me hundreds) it's like im be charged a managed fund fee?
Great video. Why wouldn't you want to only invest in the S&P 500? The best 500 companies in the biggest market in the world. They are 500 winners. Make the most money you can with your investments. The US is interested in making money. Canada is not. Invest in the winners. Been there done that. Global Diversification, that will cost you. Ride the downturns, don't sell. Come out ahead with the S&P 500.
thanks for the transparency griffin - you could have easily skipped this video and it takes balls to show losses - there is a reason buffet says for many investors the best option is to just DCA into SP500. if you are interested in researching stocks you can mix a few individual blue chip companies in there as well. keep in mind all markets have underperformed US over the years so dont get carried away with too much Canadian (or europe and emerging markets either) exposure
That’s very terrible. I almost moved my investments to WealthSimple, but luckily cancelled when I found out that WealthSimple does not allow dual listed stocks. What a bummer.
Wealthsimple Invest is like a mutual fund because they charge you fees over and above the normal ETF fees. They therefor are guaranteed to underperform the market just like mutual funds.
I miss ya dude. I don't remember why I unsuscribed... but your back on my list bud!! True story you looked like a teen before. Now you like of legal age to drink man.
You cannot compare S&P500 with a managed portfolio. Your returns are garbage no doubt but expected a better comparison from you. I’m DONE watching you as well.
Well I clearly mentioned that it wasn’t a tightly correlated comparison, rather a quick comparison to demonstrate. In all my past update videos, I broker it down much much to offer better comparisons. But ok, that’s unfortunate!
@@GriffinMilks well at least you got a return vs most new investors now putting their money in yieldmax funds claiming they're getting 100% returns while joining the fire movement while the fund going down by the same % lol
TLDW but there is a simipler and cheaper way to go. Set yourself with self directed at wealthsimple and buy Vanguard VEQT. Buy it monthly and forget about it. 15% of your income monthly. Sacrifice if you have to. God speed
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
What are your thoughts on this? Leave a comment below!
► 🇨🇦 Get up to $2,400 on Signup with Moomoo (Stock Broker): j.moomoo.com/00Cwm8
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-Griffin
All managed REERs I have used over the years have had abysmal results.
The "bank" makes money, but not you, I'm now 100% self-managed with 10 times more returns.
Thanks for watching and sharing!
I put 25% divided etf, 25% qqq, 25% vef 25% vfv. 4 years return is close to 30%.
Are u Canadian like me
You can get this kind of returns in Canada
What was your risk level during the 5 year period? I seem to remember you had it at risk level 7 for a few years and then increased it to level 10.
Exactly! I remember that too.
This video might be intellectually dishonest. At 2:00-2:12 you can see that you just lump summed invested at a couple different points, not dollar cost averaging. So when you said "I thought they would use the covid as an opportunity to buy ETF at a cheaper price" how would Wealthsimple do that if you didn't contribute more money? They cant predict the future to un-invest your funds in a down market and if you don't contribute more money then.... 🤷🏻♂Look maybe I'm wrong but this seems like a clickbait title with what some cherry picked data. In the past 2 years with DCA each month I have had 15% growth in my Managed Account of the same risk level. 15% in 2 years where one of the years was a recession is pretty good for me.
Just sharing my 2 cents and alternate experience.
That's a fair point to bring up and could very well have impacted the returns. My expectation would be that for a "fully pasisive and managed" investment product, it should be able to take profits and reinvest, thus lowering cost basis, as any investor would/should do.... None the less, I am personally done with managed account such as this, and will continue to now switch towards my own investing, which has FAR outperformed these returns with lump sumps as well in many instances. Also, if you go back and watch my past videos documenting this account over the years, you'll notice similar results. Thanks for watching
The ad playing right before this video was Wealthsimple lol
To be fair though, the video talks about Wealthsimple INVEST, not trade, which is completely different and a great stock brokerage for everyday retail investors
I do not understand wealthsimple one bit. It says in green color I am + 2300. Yet my portfolio value is only 500 dollara above my net deposits? The heck does it mean?
Your +2,300 is your combined accounts (Cash, TFSA, RRSP, etc...) while your +500 is only for that specific account.
It means collect video meta data or pic . To add to a class action... that's what I continue to do untill they gain my trust.
Always keep in mind if an institution is investing your money for you, especially using an investor risk profile framework they have more of a fiduciary duty to preserve your capital through over diversification, a spread of asset allocation and fixed income exposure to shelter you from potential big losses than make you substantially high or market matching returns. The average investor is far more likely to get freaked out and pull their money out of the market if they see one 15-30% downturn rather than question if they could do better than average a 4 or 5% annual return over decades.
Do they do payment for order flow?
Omg 15% over 5 years?! That is terrible! Thanks for the sharing!
Wanted to maintain it as an experiment to so document on YT, but yea after 5 years now, enough!
Thanks for watching
Yea if you invest once and then stop what are you expecting of ? You need to keep contributing and have that as a routine and discipline to keep it growing!
Better then nothing
Koho Money account is better 😅
@GriffinMilks, I do believe you would have gotten higher returns if covid didn't happen
I’m new to investing, I don’t know much but have learned a lot from your channel. I hope this isnt a dumb question, but isn’t 15% good?? I thought as long as you’re getting over 7% that it is a good thing? Here I was thinking I was doing well but here you say it’s abysmal 😮
I think the goal is 8% increase year over year, not all time.
@@Mezxxiiok thank you. I’m not sure I understood this concept fully… so if I got 10% one year, and then 10% the next year, my all time return would be 20%?
@@wts7273 it’ll be 21% actually.
A 15% total return over 6 years averages out to an annual return of 2.5% per year. For comparison the S&P 500 which is the global benchmark for the stock market has done a 100% return over the past 6 years which is 12% compounded annually. There is a massive difference between the two.
Could it be because you didnt invest regularly (monthly)? I have been with WS for a little less than 5 years and have invested twice a month during covid and now once a month. I’m up 24.70% as of this writing with a risk level 9.
do you recommend wealthsimple or Questrade?
Thanks for documenting this over the years. I’ve had the same lousy returns over the years with this product
Thanks for watching!
According to the Wealth Simple’s charts their growth robo have made 37% over the last 5 years. That is from their historical data. Interesting that your results are quite different.
How often were you contributing ?
I tried the managed Wealthsimple Invest when I joined and let it ride for a while and there was no excitement as far as gains, so I put it all into Trade. You had a similar video a few years ago mentioning you had it in middle risk not knowing? I did the same and then went to 10. After one year I had enough as the gains were low. I guess you have to try it to know if it's any good, at least you didn't lose anything except a higher return.
Yea exactly. Thanks for watching and commenting!
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 crypto or/and stock market question is if they are covered?
CDIC does not insure or cover anything held in stocks, bonds, ETFs, mutual funds or crypto. The only thing that’s insured are cash deposit accounts and term deposits like GICs if they’re held at an institution which is a CDIC member. If the brokerage of your investments were to ever go bankrupt however they’d have a third party institution or custodian bank your investments would be put in receivership to until they could be transferred in kind to another institution on your behalf. So if you lose all your money on a stock, you’re shit out of luck. If Wealth Simple were to ever go bust and you’ve got a whole bunch of money in stocks on their platform, you’ll be okay lol
@@themusic6808 Tnx! Makes sense... They have also cash deposit account that is I guess CDIC insured.
i'm wondering if you're assessing your returns properly; would like to see it expressed as a personal or time weighted annual compounded rate
I've got PSA, XEQT, CN Rail. Thats it. All Canadian banks are terrible investments that don't do anything.
Check the year over year returns for Royal (56.81%) National (46.17%) and CIBC (77.80%). Plus you get nice big fat juicy dividends 4x per year.
Hi Griffin, awesome video! This video got me thinking are there're any tax implications for buying US securities as a Canadian? (both registered and non-registered accounts)
The irony of risk level is "fixed income" is primarily bond etf's which are as volatile or even more volatile than stocks since their value fluctuates with interest rates instead of just earning income.
What are the steps to close my Weslthsimple invest account to transfer to Wealthsimple RRSP?
Initiate the account transfer from your invest account to the RRSP Trade account (no need to manually close) if you're staying with Wealthsimple.
Transfer your account outside of wealth simple is very simple and quick. Your next broker or financial planner needs to have the statements with account numbers. then the system does the rest.
A problem with an RRSP and a TFSA is that capital losses are not deductible from capital gains outside the RRSP and TFSA.
That is true. Can't have it all I guess
So is one better to have then other??
Simple: just don't incurr any capital losses. Problem solved.
That's so weird. I'd say I'm doing fairly well in just 3 months on the app with TFSA ETF's annnnd strategic crypto buys.
I recently transferred my RRSP Invest to RRSP Trade for that very reason.
Thanks for watching and commenting!
Mine is up 41% however I manage it myself
yeah i'm up 50% but i use wealthsimple trade... not wealthsimple invest.
Same, wealtsimple trade is way better
Yea that’s completely different. 95%+ of my portfolio is with trade and other self directed accounts. I just wanted to see how “Invest” would do. Thanks for watching!
Good video! Wealthsimple trade also will let you invest in whatever etf’s you want.
That was way too much in foreign markets! At least half of your portfolio should be in the US market, the most profitable market in the world.
Thanks for commenting!
I closed my invest account also... it wasn't don't well. Trade is where is at.
If you had contributed weekly or bio weekly like I did during that time then your results would have been much better, like mine was! I have nothing but positive feedback about Wealthsimple invest!
Thanks for sharing your take on things!
VFV for my RRSP and VEQT in TFSA. Nice and simple lol
Simple indeed! Thanks for sharing
Yup. All those clowns who work for the brokers tell u to diversify. I have been diversifying for years into bonds, Europe, and emerging markets. My account has been poo worthy. This year I am done with all that. Yup I am super, super late to the party, but I am going 100% US equities. Even if there's a down trend for a year in the US, it will recover. And when it bounces back, it will compensate for the previous down turn so much so that it will be more valuable in the end than if I "diversified" into other markets. I am already up 41.5% in just 3 months so no complaints.
so what would you recommend for dividend? i want it to be solely for passive income
EIT (canoe fund), VDY, XEI, CDZ, and maybr a little bit of covered call etfs like HMAX, ENCL, HYLD and USCL.
People who hold bonds (so lower risk on that scale) in the last 5 years got wiped ...
wth is moomoo? i cant take that seriously, looks like alibab version
It's a company regulated by the Canadian Investment Regulatory Organization...
I also tried this auto invest for 6 months and did not like the performance one bit. I figured I can do better just go sp500 etf. So I took all money out.
I've traded stock constantly at 15-20% margin for the past two months.... it didn't show. But now I'm down 200 cad it seems again and again it's like I'm charged 100 cad a month .... now I've been video tapping trades and will be showing video proof of trades to authorities if they don't resolve and explain.....( on all my other accounts those same trades netted me hundreds) it's like im be charged a managed fund fee?
Great video.
Why wouldn't you want to only invest in the S&P 500? The best 500 companies in the biggest market in the world. They are 500 winners.
Make the most money you can with your investments. The US is interested in making money. Canada is not. Invest in the winners. Been there done that. Global Diversification, that will cost you. Ride the downturns, don't sell. Come out ahead with the S&P 500.
thanks for the transparency griffin - you could have easily skipped this video and it takes balls to show losses - there is a reason buffet says for many investors the best option is to just DCA into SP500. if you are interested in researching stocks you can mix a few individual blue chip companies in there as well. keep in mind all markets have underperformed US over the years so dont get carried away with too much Canadian (or europe and emerging markets either) exposure
For sure. This was just a small managed portfolio to mainly just document it for my UA-cam channel.
That’s very terrible. I almost moved my investments to WealthSimple, but luckily cancelled when I found out that WealthSimple does not allow dual listed stocks. What a bummer.
Well, to be fair this is their robo investment platfom, not Wealthsimple Trade, which is the self directed brokerage.
Terrible ETF selection. That happens when somebody else manages your money. I think they set it up in 2018 and NEVER looked at it since.
Most likely 😅
Good to know
Thanks for watchibg
Wealthsimple Invest is like a mutual fund because they charge you fees over and above the normal ETF fees. They therefor are guaranteed to underperform the market just like mutual funds.
I miss ya dude. I don't remember why I unsuscribed... but your back on my list bud!! True story you looked like a teen before. Now you like of legal age to drink man.
Haha I did for sure looking back at my older content. Thanks for coming back though!
You cannot compare S&P500 with a managed portfolio. Your returns are garbage no doubt but expected a better comparison from you. I’m DONE watching you as well.
Well I clearly mentioned that it wasn’t a tightly correlated comparison, rather a quick comparison to demonstrate.
In all my past update videos, I broker it down much much to offer better comparisons.
But ok, that’s unfortunate!
2018
my advice: stop the clicking noises on your video
I accidentally found your channel trying to learn about wealth simple
junk, pick ur own, do ur hm n bank
2048
2024
15% since 2018 lol
Dreadful 🥶
@@GriffinMilks well at least you got a return vs most new investors now putting their money in yieldmax funds claiming they're getting 100% returns while joining the fire movement while the fund going down by the same % lol
@@rochester3yeah like ENCC that yields 13.7% per year with a 5 year NAV increase of 67.08% ...just terrible.😂😂😂
TLDW but there is a simipler and cheaper way to go. Set yourself with self directed at wealthsimple and buy Vanguard VEQT. Buy it monthly and forget about it. 15% of your income monthly. Sacrifice if you have to. God speed
for most people all the should have is the S&P500
Honestly it’s hard to beat. Thanks for watching!
Managed portfolios etc suck. S&P 500, QQQ , Or mag 7 stocks are much better.
I have to agree with you there! Sp500 and nasdaq 100 are great
😮😮
:)
learn to invest properly with self directed account lmao
2018
2018
2018
2018