r/Wealthsimple

I just found out that the insurance travel plan only covers for the first 14 days though
is the 20$ fee worth it?
I have 2% cashback on every category with tangerine
1% on everything with my TD cashback
wondering if wealthsimple's credit card is worth as I'm moving everything to wealthsimple slowly

Thx

Super annoying to see the red notification mark still popping up even after seeing them.

Have to manually go and click extrnal link or clear notification.

Please fix it

https://preview.redd.it/wreqi4iapdkh1.png?width=1106&format=png&auto=webp&s=7b01436b971c1db4a1d66d17f82962893ebcc151

BMO's offer to me is 3.05% interest rate for 120 days. After that it's 0.45% lol. How generous BMO. Meanwhile 85% of my money now sits at Wealthsimple gaining far more guaranteed money in just a few months than the entire 20 years I've been at BMO.

So I just got an email about an offer to use a $20,000 portfolio line of credit and WealthSimple reimburse the interest for two months, and I was wondering could you just borrow that money and park it into something safe like your chequing account or something like CASH.to and collect the interest for those two months and just repay it as soon as the two months are up?

At 2.25% interest that is an extra $75.

If you did do this would there be any tax or credit implications, I have so far never actually take any kind of loan other than credit cards.

Not really sure if it would actually be worth the effort to do, but more so just interested in knowing.

Has anybody tried the wealthsimple margin account? The one where you borrow up to 35% against your investments…how has that experience been? Please share

Has anyone won a Monos carry-on prize during the weekly draws? Apparently there are supposed to be 100 winners of those every week.

I haven’t opened one but I was looking at the page where you can open one, and I noticed the amount it was offering me was lower than before. Noticed it seems to no longer count money market fund as collateral

I have around 500k CAD invested in wealthsimple. That's basically all my asset. So I recently achieved Generational tier also with wealthsimple.I don't think there is anymore benefits u can get once you reach this point.

Is there any point on keep on investing within wealthsimple or should I split it between platforms like questrade?

What you guys do? Do you keep all your money in wealthsimple?

Is there any other alternate platforms which you recommend please let me know. My goal is mainly investing.

As someone who is a fan of having finances in one place, who is closing on first home soon, and how likes the WS method: I hope that WS is expeditiously working on a mortgage integration (either with Pine or in general) to monitor progress, manage payments, have access to mortgage documents etc. If this comes soon and budgeting tracking on the way...count me in.

Hi, I invest in mostly US stocks in my TFSA, but I dont have the USD account.

If I take the $10/mo USD account subscription just before selling those stocks, then sell those stocks and buy other stocks in USD, then cancel the subscription again, will it work? As I dont need the USD account always, I sell and rebuy once or twice every year or so, and dont want to pay for an ongoing subscription

I really like to new spend tracking features. I recently have cut a bunch of expenses new phone bill etc and unfortunately I can’t really track it properly because I’m also starting a construction project at my house and it’s throwing off the trends.

It would be nice to categorize certain expenses so they can be tracked outside of your general monthly budget if you choose.

Another example I just spent $1000 on work expenses that I will be compensated for on my next payroll but I don’t want that to be in my budget it’s completely separate. Hopefully a one off and it messes up the trends.

Disclaimer: If you are not a Generation client or the promo is not eligible in your regions, my apology; this post does not apply to you.

I've mostly seen negative reviews here regarding the TELUS promo, so just wanted to shed a different angle based on my experience. It's been 3 months since the promo dropped and it was personally worth it as a Generation client.

First, let's do the math on how much I am paying. I chose the second cheapest plan "5G+ Complete 100GB" which is normally $75/month. With the 35% discount and additional pre-pay discounts, it comes out to $38.75 before tax. There was a $15 one-time activation fee for the first month.

https://preview.redd.it/2uvlrf6w18kh1.png?width=772&format=png&auto=webp&s=7d736866b7f8d5724b9bcc70a012f1bb9916a5d8

In addition, the promo comes with 300,000 TELUS Rewards points; 75,000 points are released every 3 months over the first 12-months period. I used the points towards buying $50 Uber gift card which costs ~59k points. This means I should be able to redeem for $250 Uber credits using the promo points.

https://preview.redd.it/8fligm7928kh1.png?width=346&format=png&auto=webp&s=8e66a00f581794eb1cda5b66abab51b01a986fd3

Summing this all up, I will roughly be paying $30 per month before tax for the next two years. This is also a frozen rate which is nice.

Now, there are $20 plans; I am personally from Freedom Mobile prior. However, the reception was really bad - especially in certain GTA/Ontario regions (North York and rural areas). I had to look for a more reliable provider and TELUS provided it for me. Personally, this promo was worth it.

Sold my house gunna have some good $ coming. If I place the $into another bank and transfer it to wealth simple with a promo will that work

I've been in Europe and it's been extremely aggravating to constantly have to verify for every online transaction with the card. Literally every online transaction. Even the transactions are back to back .

Taking the to the chat bot it useless.

They're needs to be some option to turn this off or make it less frequent.

Travelling to Korea and many other places in 2 days. Can I just tap my wealthsimple chequing in all these countries?