Wealthsimple is one of Canada’s fastest growing and most trusted money management platforms. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves 3 million Canadians and holds over $30-billion assets. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada. To learn more, visit www.wealthsimple.com.

Wealthsimple Advisors

Wealthsimple is one of Canada’s fastest growing and most trusted money management platforms. The company offers a full suite of simple...

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Now that the U.S. presidential election results are in, you may be wondering how it affects your investments. Here are some key points to consider.

U.S. election insights | November 2024 | From the Advisors

Now that the U.S. presidential election results are in, you may be wondering how it affects your investments. Here are some key points to consider:

U.S. Election Insights

After years of helping clients resist and recover from misguided financial impulses, I’ve noticed that it’s often the same few things tripping people up. In order to help you not be one of them, this month I’ll cover the most common behavioural mistakes investors make.

6 common investing mistakes | November 2024 | From the Advisors

The 6 most common investing mistakes

How to avoid big investing traps

Navigating the world of investing isn’t just about crunching numbers (and calling your advisor when you don’t feel like crunching numbers on your own). It’s a real psychological journey, filled with mental traps that can negatively affect your financial health.

We break down what CPP, the CPP enhancement, and CPP2 are, how it all works, and how you can get the most out of it.

Everything you need to know about CPP2 | October 2024 | From the Advisors

Everything you need to know about CPP2

What you should know about CPP and CPP2

I’ve had a lot of conversations about retirement planning over the years, and one thing is clear: most people don’t fully understand how the CPP fits into their future. Some aren’t even sure what those letters mean (it’s Canada Pension Plan, if you happen to be among them).

RESPs help you save for children’s post-secondary education by letting you defer taxes and take advantage of government grants. Many of the clients I speak to are surprised to learn that they can also use RESPs to fund their own education later.

Smart ways to use RESPs | August 2024 | From the Advisors

The smartest ways to use RESPs

What people don’t know about RESPs

As we approach back-to-school season, many families are focused on things like new clothes and finding the perfect rainbow-coloured unicorn lunch box. But there’s another important part of preparing for school that can be easy to forget: saving. It comes up a lot in our calls this time of year, which is why this month I want to focus on the importance of Registered Education Savings Plans.

A lot of things change as you get older, including your income and savings, your needs and goals, and, of course, how much time you have left.

How to invest at any age | July 2024 | From the Advisors

Life changes. So should your investment strategy.

How to invest at any age

For this month’s newsletter, I want to cover the importance of updating your investments (and your risk level) as you age. Most people probably wouldn’t watch the same TV shows in their 20s as they do in their 40s and 50s (unless we’re talking about Bluey!). It’s the same with investing. What you do with your money right out of university is pretty different from what you do with it when you’re watching your youngest kid walk across the graduation stage. That’s because a lot of things change as you get older, including your income and savings, your needs and goals, and, of course, how much time you have left.

How much you invest in each asset class can determine the range of possible outcomes for the return of your portfolio.

How much investment risk do you need | December 2024 | From the Advisors

How much investment risk do you need?

How much risk should you take

Seeing as we’re in the thick of the holiday season, I have a very special gift for all of you: a newsletter about risk! Sorry. I know it’s not the most fun thing to talk about, but it is one of the most important. And I think one of the most misunderstood.

you don’t have to choose between handling your own investments or paying someone else to do it for you. One or the other works for a lot of people, but a combination of the two works for a lot of people, too.

Managed vs. self-directed investing | June 2024 | From the Advisors

Managed vs. self-directed investing

What kind of investor are you?

We’ve gotten quite a few calls recently from Managed Investing clients who’ve seen the incredible performance of companies like Nvidia (up 180% this year), Abercrombie & Fitch (up more than 100%), and Meta (up close to 50%). They compare those numbers to the TSX, Nasdaq, and S&P 500, which have risen an only-unimpressive-in-comparison 5-16% on the year, and wonder if they’re missing out by investing only in managed portfolios that track the major indices. They want to know if they should take more specific control over what they’re investing in.

While budgeting is a terrible topic to bring up at a dinner party, it’s an important one for a newsletter about being smart with your finances.

How to build a budget | May 2024 | From the Advisors

It’s hard to build wealth without a budget

How to build a budget

While budgeting is a terrible topic to bring up at a dinner party (I’d rather catalog my health issues or even panic-shout, “where’d you get those shoes!?” first), it’s an important one for a newsletter about being smart with your finances. Plus, it’s spring. You might as well treat your budget like another neglected closet and clean it up.

Whether it’s a tax refund or an inheritance, unexpected windfalls are basically shortcuts to future wealth — but only if you can resist the temptation to spend them. Here are four steps to think through (in priority order) the next time you come into some extra money.

How to be smart with your tax refund | April 2024 | From the Advisors

How to be smart with your tax refund

What should you do with extra money?

This month’s email isn’t really about taxes, but if you haven’t done yours yet, I can’t help but nag: please file your returns on time. The April 30 deadline is less than two weeks away. If you miss it, you can get stuck with big penalties — penalties that were completely avoidable and keep you from doing more useful things with your money. Which brings us back to this month’s topic:

We talk a lot about alternative investments because, for the right clients, we believe they can make a meaningful impact on long-term wealth. Of course, alternative assets are not for everyone.

Is the alternative life for you | March 2024 | From the Advisors

Why we like alternative investments for some clients

Is the alternative life for you?

We talk a lot about alternative investments (we even got an iconic Canadian alt rocker talking about them — see below) because, for the right clients, we believe they can make a meaningful impact on long-term wealth.

We answer six of the biggest questions around RRSPs.

Six questions you may have about your RRSP | February 2024 | From the Advisors

Six questions you may have about your RRSP

The RRSP FAQ

During our December tax webinar, we opened up the floor to questions. And you all had a lot of questions. More than 200 people raised their digital hands, and while we did the best we could to get to everyone, 15 minutes was not nearly enough time.

One of the most common questions we get from clients this time of year is around taxes. Specifically, legal ways to pay less of them.
Here are the two strategies we recommend the most.

Easiest ways to reduce taxes | November 2023 | From the Advisors

The easiest way to reduce your taxes

End-of-year tax tips

One of the most common questions we get from clients this time of year is around taxes. Specifically, legal ways to pay less of them.

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