Wealthsimple mer reddit. I have my rrsp in 100% us stocks through the etf ITOT.

Wealthsimple mer reddit Transfer fees: Wealthsimple will automatically reimburse the first transfer-out fee per account from another financial institution if the Client’s Qualifying Transfer is equal to or greater than $15,000 in a single transfer. Single ETFs like XEQT or VGRO are preferred over managed funds because of their consistent performance and low fees (which your managed account is not). Our Halal portfolio includes a Wealthsimple Shariah compliant ETF for which Wealthsimple receives a portion of the MER fee directly from your investment. The problem: I have money in RBC Mutual Funds, with an MER of 2. 08 to 1. The problem here is the allocation. 12% total. 13% or . ***. Personally I went with PWL Capital's recommendation of CSAV, because they're the biggest and they disclose who their holdings are with. The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. " Approximate management expense ratio (MER) fee: Fee information: Classic: 0. true. 03% higher. This has nothing to do with Wealthsimple vs manual investing. 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. 05% hence 1. I've noted, through other posts here, that inattention to fees can potentially erode significant portions of one's investments. 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. 95 when you sell index funds and no fees when you buy. Approximate management expense ratio (MER) fee: Fee information: Classic: 0. ) for the work they do to maintain the asset balance within the ETFs in your portfolio. I just want to be sure I have this correct, Wealthsimple = no fees at all (unless buying American stocks) and Questrade has $4. com, a trading forum run by professional traders. Then choose and buy stocks for an ETF (For example VEQT or XEQT for 100% equities). While the possibility of a recession is looming, only one thing is certain - your MER. Starting out these fees are minuscule so it's a good place to start, they make everything very easy. 65 votes, 90 comments. 0% Open a TFSA in Wealthsimple Trade and transfer your money from Invest to Trade. Thanks Dec 11, 2024 · The rrsp is better to keep in USD. I don't like bank mutual funds because of exorbitantly high MER and questionable ROI, so I am considering either Questrade or Wealthsimple. For this kind of person, it is worth paying Wealthsimple's reasonable fee if the alternative is expensive mutual funds or having their savings gather dust in a savings account. 95-$9. 20% versus the 0. *** You need to read the fine print. XEQT vs 100% equities robo advisor? Both are fantastic long term options. You don't really need to manage anything except buy more stocks when your put more money in your account. ***We are in no way affiliated with, endorsed or sanctioned by Wealthsimple. Time in the market, not timing the market. 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. Oct 11, 2024 · Wealthsimple has higher MER but it's not too bad. 07% across the 4 funds, but there are varying trading commissions not contained in the MER ranging from 0. 50% from wealthsimple + the MER of the ETF's. If you replicate the WS or Questrade portfolio in a WS Trade account your MER will be . 1%. Wealthsimple doesn't allow Norbert Gambit for currency conversion. If we’re talking WealthSimple Managed investments, then i think they’re minuscule and the ease of use makes up for it. And I have another TFSA with Wealthsimple Trade where I invest in stocks and ETFs. Some of the major reasons include that WealthSimple Trade now has DRIP which reinvests dividends. From your experience, which one is more likely to have a better return? As mentioned, I wanted to have 2 accounts with 2 different strategies for each brokerage (Questrade: Growth and Aggressive, WealthSimple: level 9 and 10). For an example see this; look at the table on page 3. *** Wealthsimple is a reasonable investing solution for the kind of person who is simply NOT going to research asset allocation, ETFs, how to execute market orders, etc. In 2021, I finally started doing investments through Wealthsimple’s managed accounts. 16%, Wealthsimple's is 0. XEQT will outperform the robo given the MER is 0. Their MER is indeed 1. I actually agree that what matters is the net return after MER, whatever the MER is. Since the MER is a ratio, it’s expressed as a percentage, and it reflects how much of the entire mutual fund holdings are deducted annually to cover the operating expenses of the fund. The unofficial subreddit for discussion relating to all Wealthsimple services… The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. 4% for withdrawals and deposits into US ETFs) Your globally diversified portfolio with Wealthsimple is comprised of ETFs priced in both Canadian and US We would like to show you a description here but the site won’t allow us. On top of that the MER in USD is 0. 16 votes, 18 comments. I am not planning on selling any of my holdings any time soon. Depending on what your bank offers and the fees they charge, it might be more beneficial to do your investing with Wealthsimple (no commission fees on Canadian stocks was the selling point for me). MER (%) for RBC Funds, RBC Corporate Class Funds, PH&N Funds and BlueBay Funds is based on actual expenses for the preceding annual or interim reporting period expressed on an annualized basis, depending on availability of data at the time of publication. There's an advantage to holding US stocks or etfs in the RRSP specifically, you save a 15% dividend foreign withholding tax. I recently moved out of Wealthsimple to Questrade (handling myself not their portfolio stuff) and I can really appreciate Wealthsimple more now. 5%. 15%: MER fees are charged by fund providers (Vanguard, BMO, etc. The fee is not charged by Wealthsimple but is incorporated into the price of each ETF itself. Like r/CanadaHousing but without the censorship. (2) Foreign currency exchange fee (0. Questrade has lower MER and I think more exposure to US market. So you’ll have to decide if that’s worth it to you for the automatic set and forget contributions. 60%(ish) that you’re paying the robo. A lot of weird comments here. PSA's fee is 0. Jul 18, 2024 · I saw Wealthsimple's ad for transferring over your TFSA for no cost (will get reimbursed). 12% - 0. 01% to 0. Wealthsimple is a bit confusing, because they seem to hide their 100% equities data, and the investment is not available unless you call them. If your portfolio is diversified, then you are likely investing in the same things Wealthsimple is. This is just a community. Wealthsimple is just trying to sell you the same thing but with a higher fee. . 51K subscribers in the Wealthsimple community. ETF MER was about . 11% respectively. ). This is a subreddit to discuss the housing crisis in Canada without banning posts for discussing supply *and* demand. Wealthsimple has higher MER but it's not too bad. anyone please correct me if there’s anything wrong as i’m basically a newborn 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. It's to prevent people from choosing any period to put their investment in the most favourable light. I highly doubt CASH is riskier buy, though. Other than that, I found these 2 are pretty much comparable. 11% for me in my RRSP. Oct 11, 2024 · I want to have 2 accounts with 2 strategies: One is highest risk and one is medium high. I have my rrsp in 100% us stocks through the etf ITOT. No, the MER is decided by the Exchange Traded Fund (ETF) and not by WealthSimple. *** As a novice stepping into Dollar Cost Averaging (DCA) on Exchange Traded Funds (ETFs), I've elected to embark on this journey through Wealthsimple. WealthSimple simply chooses the ETF. But there's a reason why performance is calculated for 1-, 3-, 5- and 10-year periods. Wealthsimple is a Canadian investing platform. Welcome to FXGears. 03%. With an account balance under $100,000, either will do. However, things have changed and because of that, I’ve moved my portfolio away from WS managed investments (the robo investor). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Oct 25, 2024 · Money must remain with Wealthsimple for 365 days You can choose colour options when you qualify . MER is only 0. So not exactly apples to apples, but their growth portfolio which is up to 90% equities shows a 2023 return of : 13. hjxyoz qfvm nuqstd enpvua uhw nlez ptnily bqav ugew pvovogih