Search is not available for this dataset
id
stringlengths 7
7
| content
stringlengths 1
6.7k
| score
int64 -85
441
| poster
stringlengths 3
24
| date_utc
timestamp[ns] | flair
stringclasses 1
value | ups
int64 -140
436
| permalink
stringlengths 49
96
| depth
int64 0
9
| link_id
stringlengths 10
10
| parent_id
stringlengths 10
10
| updated
bool 2
classes | new
bool 2
classes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
lyfnxu8 | If there is one sector for which rebound isn’t a sure shot, it’s gotta be retail.
Sears, Woolco, Toys’R’Us, Radio Shack, Blockbuster.
Very recently: Bed Bath and Beyond, JC Penny, Big Lots… | 15 | le_bib | 2024-11-22T16:21:00 | null | 12 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfnxu8/ | 1 | t3_1gx5a1x | t1_lyfhzpp | false | false |
lyfo7j7 | Anyways, lets just agree to disagree haha. Have a good one | 1 | trodg23 | 2024-11-22T16:22:25 | null | 1 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfo7j7/ | 2 | t3_1gx5a1x | t1_lyfngoy | false | false |
lyfoijt | Warren Buffett’s *actual* advice to retail investors:
> *“The goal of the non-professional investor should not be to pick winners – neither he nor his ‘helpers’ can do that – but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal.” — [2013 Shareholder Letter](https://berkshirehathaway.com/letters/2013ltr.pdf)*
> *“The ‘know-nothing’ investor who both diversifies and keeps his costs minimal is virtually certain to get satisfactory results. Indeed, the unsophisticated investor who is realistic about his shortcomings is likely to obtain better long-term results than the knowledgeable professional who is blind to even a single weakness.” — [2013 Shareholder Letter](https://berkshirehathaway.com/letters/2013ltr.pdf)*
> *”My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.” — [2013 Shareholder Letter](https://berkshirehathaway.com/letters/2013ltr.pdf)* | 2 | StoichMixture | 2024-11-22T16:24:01 | null | 1 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfoijt/ | 3 | t3_1gx5a1x | t1_lyfo7j7 | false | false |
lyfswba | So much info, products and noise indeed.
It’s very, very easy to get distracted | 5 | le_bib | 2024-11-22T16:46:33 | null | 3 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfswba/ | 6 | t3_1gx5a1x | t1_lyfdj53 | false | false |
lyfvjpx | Further complicating the picture is the whole 'more tariffs' messaging from the incoming Trumpopoly - those rising costs are getting passed onto the end consumer, putting even more pressure on consumer demand / TGT top line (even with their economies of scale).
I'm with le_bib on this one, consumer staples + discretionary have too much downside under the incoming government. I suppose just about everything is a buy at some point, but why over complicate? The new administration has made it clear that deregulation are the focal point and they have control over all the levels of government required to enact their agenda. Focus on the industries that will benefit from this (O&G, finance, etc.) vs. trying to swim upstream. | 1 | Necessary-Shallot976 | 2024-11-22T16:59:57 | null | 0 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfvjpx/ | 2 | t3_1gx5a1x | t1_lyfnxu8 | false | false |
lyfy6t7 | No. Its return varies over time in line with what the best cash savings accounts pay.
For reliable high income, I like corporate debt - preferred shares. Example BPO.PR.G. This is the long term debt of brookfield's office division. The rate is minimum 4.85% but resets every five years to GOV 5 Y yield + 3.74, or at current rates that would be above 7%. But those are on the $25 original price. At its current depressed price the yield is 11%. | 2 | svanegmond | 2024-11-22T17:13:24 | null | 2 | /r/CanadianInvestor/comments/1gwvd5v/looking_for_investing_advice/lyfy6t7/ | 2 | t3_1gwvd5v | t1_lyejksl | false | false |
lyfytrk | Just got notified of this response now
But why is it any different than other forms of diversification? People buying now are fomoing. But people that bought dips? I don't think it's any different than buying a speculative stock really.
He was in early, he mined them himself. Very low cost for something that could blow up, and it did. | 1 | JimmyRussellsApe | 2024-11-22T17:16:38 | null | 0 | /r/CanadianInvestor/comments/1gwdoc6/daily_discussion_thread_for_november_21_2024/lyfytrk/ | 7 | t3_1gwdoc6 | t1_lyc9sf6 | false | false |
lyfyxjk | Portfolio just hit 250K. 2024 has been a great year for the portfolio | 36 | canadaleaf14 | 2024-11-22T17:17:10 | null | 34 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfyxjk/ | 0 | t3_1gx5a1x | t3_1gx5a1x | false | false |
lyfzegp | Congrats on hitting that milestone! | 13 | MilesOfPebbles | 2024-11-22T17:19:31 | null | 12 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfzegp/ | 1 | t3_1gx5a1x | t1_lyfyxjk | false | false |
lyfzwon | I don’t have any opinion about potential tariffs impact personally.
Just highlighting that retail is tough, very competitive and people change habits over time.
Is it a temporary low cycle due to macros or a more permanent shift towards Amazon, Costco and other winning retailers? | 6 | le_bib | 2024-11-22T17:22:04 | null | 4 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfzwon/ | 3 | t3_1gx5a1x | t1_lyfvjpx | false | false |
lyfzyk3 | Just ignore them. They think it's fun to post needlessly condescending comments in response to every post. | 2 | Apologetic_Kanadian | 2024-11-22T17:22:19 | null | 1 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyfzyk3/ | 4 | t3_1gx5a1x | t1_lyf9ds8 | false | false |
lyg0o7c | different target audience I guess, normal folk like us don’t got friends with spare 100k lying around🥲 | 1 | c_is_for_calvin | 2024-11-22T17:25:56 | null | -9 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg0o7c/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg1054 | having two friends with 100k saved is probably rare, esp if you are under 30. but you're not "shelling out 100k" you're just moving investments from one bank to another. | 334 | None | 2024-11-22T17:27:37 | null | 331 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg1054/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg1ffq | This market only has one direction | 1 | Open-Standard6959 | 2024-11-22T17:29:44 | null | -7 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyg1ffq/ | 0 | t3_1gx5a1x | t3_1gx5a1x | false | false |
lyg1pke | American Express (AXP) just reached $300 per share for the first time ever.
The fun fact is that is also reached $200 for first time in 2024.
Thanks to my colleagues from r/churningcanada :) | 8 | le_bib | 2024-11-22T17:31:09 | null | 5 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyg1pke/ | 0 | t3_1gx5a1x | t3_1gx5a1x | false | false |
lyg2fp5 | And the people that do are not investing on the budget investment tool that is Wealth Simple 💀 | -25 | Heldpizza | 2024-11-22T17:34:51 | null | -57 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg2fp5/ | 1 | t3_1gxcz0i | t1_lyg0o7c | false | false |
lyg2rkz | It's better than the standard $200 for referring a premium transfer. It's also probably one of the best referrals around in comparison to other financial companies. | 49 | EarthViews | 2024-11-22T17:36:31 | null | 45 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg2rkz/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg3kig | Tons of people have 100k invested in other institutions, get your parents and one friend to switch and you just saved 1100$ if you were looking for a new phone. If not, then just continue using weathsimple which costs nothing to begin with. | 61 | LeeSinSmokesWeed | 2024-11-22T17:40:35 | null | 61 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg3kig/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg3pvp | If you look at the RFD thread, you'd think everyone and their mom has $100k to spare.
But if you are over 40 and your portfolio is less than $100k then maybe it's time to do a side hustle or change job or cut spending. | 19 | kenypowa | 2024-11-22T17:41:19 | null | 17 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg3pvp/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg3wfi | Uhh why wouldn't they? Save on trade fees, save on account fees, way better interest rates on cash accounts, etc. The tiny perks of a brick and mortar bank investing account don't outweigh the fees and contingencies.
I transferred from TD to WS and have saved a small fortune on buy/sell fees alone. It's not even a close competition imo WS clears traditional banks | 32 | PM_NICE_TOES-notmen | 2024-11-22T17:42:15 | null | 28 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg3wfi/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lyg4ob2 | People who have 100k to move around to a new niche brokerage don’t give a shit about an extra iPhone with how much of a pain to transfer it is. | 20 | tippy432 | 2024-11-22T17:46:07 | null | 16 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg4ob2/ | 1 | t3_1gxcz0i | t1_lyg1054 | false | false |
lyg4vss | Use quest trade then. Wealthsimple is amateur hour when it comes to brokerages not to mention support is shit. | 0 | tippy432 | 2024-11-22T17:47:10 | null | -22 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg4vss/ | 3 | t3_1gxcz0i | t1_lyg3wfi | false | false |
lyg4xy4 | That's basically what this is. Not an awful promotion, and if they can get people with it then it's worth it for them. I believe it was one of their year end letters or something but the CEO was talking about why they advertise like this / use this promotion, and their conclusion was that it's more effective than in your face advertising everywhere. | 12 | MaxDragonMan | 2024-11-22T17:47:27 | null | 10 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg4xy4/ | 1 | t3_1gxcz0i | t1_lyg3kig | false | false |
lyg500t | What exactly makes questrade better and WS amateur hour? | 16 | PM_NICE_TOES-notmen | 2024-11-22T17:47:44 | null | 15 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg500t/ | 4 | t3_1gxcz0i | t1_lyg4vss | false | false |
lyg56y8 | There are all in one portfolios (like zbal.to at 60 equity/40 fixed income) that give you a reasonably low risk while also capturing a lot of growth. At a 5–15 year horizon, and given you are already in a safe and strong position but have enough life left that growth is still your friend, that would be my recommendation. | 2 | spaceporter | 2024-11-22T17:48:41 | null | 2 | /r/CanadianInvestor/comments/1gwvd5v/looking_for_investing_advice/lyg56y8/ | 0 | t3_1gwvd5v | t3_1gwvd5v | false | false |
lyg58z1 | Honestly it's no less work than chruning credit cards for points, which many HNW people absolutely do. | 34 | lillithfair98 | 2024-11-22T17:48:58 | null | 30 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg58z1/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lyg5tmy | Some are not you are right, but more often than that they don't realize how much money they are leaving on the table regarding management fees..
I'm sold on WS self-directed, buying and holding a balanced ETF portfolio, WS is more than capable of that. | 8 | quantum_trogdor | 2024-11-22T17:51:51 | null | 7 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg5tmy/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lyg5udt | Based on OPs comments, I'm more inclined to believe OP is more out of touch than Wealthsimple is | 161 | smexeh | 2024-11-22T17:51:57 | null | 159 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg5udt/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg65fw | Better tools and more feature-filled platform. There’s nothing wrong with WS at all though.
And he’s still wrong anyway, IBKR makes Questrade look amateur hour. | 11 | SUPRVLLAN | 2024-11-22T17:53:30 | null | 11 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg65fw/ | 5 | t3_1gxcz0i | t1_lyg500t | false | false |
lyg6chc | Is it though? People tend to have friends and co-workers in similar socio-economic groups. I'd bet at least half the people I work with have portfolios over 100k, and it would be higher but we also have a lot of younger people (under 30). I'd bet that at least 80% of my neighbors have over 100k as well.
It's not hard at all to imagine a workplace discussion where something like the stock market comes up and a motivated person espouses the virtues of a particular platform. | 14 | ptwonline | 2024-11-22T17:54:29 | null | 10 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg6chc/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg6gyw | Makes sense, if somebody you trust says you can switch and both benefit, it's much more effective then getting people to move 100k+ based on some random advertisement. | 8 | LeeSinSmokesWeed | 2024-11-22T17:55:07 | null | 6 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg6gyw/ | 2 | t3_1gxcz0i | t1_lyg4xy4 | false | false |
lyg6k8d | You’re not shelling out, it’s to attract investors to the platform.
Same as when TD gave out iPod minis free 20 years ago for new clients | 9 | arealhumannotabot | 2024-11-22T17:55:35 | null | 7 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg6k8d/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg6pdm | I earn under 70k and even I have 45k in assets. It’s just taken a long time. | 8 | arealhumannotabot | 2024-11-22T17:56:18 | null | 7 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg6pdm/ | 1 | t3_1gxcz0i | t1_lyg3kig | false | false |
lyg6x65 | Why not? I have 45k invested across my accounts and I earn under 70k
100k isn’t all that crazy | 7 | arealhumannotabot | 2024-11-22T17:57:24 | null | 6 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg6x65/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lyg792j | check the Wealthsimple Reddit. plenty of people with $100K use it especially young professionals | 4 | exoticml123 | 2024-11-22T17:59:04 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg792j/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lyg7ext | Not really. They may be with a big bank and just looking for less fees, etc. People with money saved for retirement are not necessarily ultra wealthy either. If you can save fees and get a new phone or laptop, why not. | 51 | Yukas911 | 2024-11-22T17:59:54 | null | 50 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg7ext/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lyg7gkf | it's not really that big of a pain in my experience but yeah i agree they probably don't care too much about a free phone. | 1 | HighArctic | 2024-11-22T18:00:07 | null | -1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg7gkf/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lyg7kjj | WS targets a younger audience and those two friends can be mom and dad who are using a RBC or TD investment account and the like. | 143 | T_47 | 2024-11-22T18:00:40 | null | 140 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg7kjj/ | 1 | t3_1gxcz0i | t1_lyg1054 | false | false |
lyg7p78 | LULU hitting again at that weekly 200EMA line, if it breaks 330$ and holds, there is still future in those yoga pants and leggings. | 3 | Stash201518 | 2024-11-22T18:01:20 | null | 2 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyg7p78/ | 0 | t3_1gx5a1x | t3_1gx5a1x | false | false |
lyg8i0x | Exactly. The most effective advertisement will always be word of mouth. | 1 | MaxDragonMan | 2024-11-22T18:05:28 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg8i0x/ | 3 | t3_1gxcz0i | t1_lyg6gyw | false | false |
lyg8x6c | very true | 6 | HighArctic | 2024-11-22T18:07:37 | null | 4 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg8x6c/ | 2 | t3_1gxcz0i | t1_lyg7kjj | false | false |
lyg99jm | As someone seriously considering this, not sure what’s out of touch about this promo?
Edit: This promo is actually slightly different than the one I’ve been seeing. I keep seeing ads for just simply moving 100k over you get the iphone or macbook. 300k you get the pro models, which is what I’m potentially going for. And btw, I’m 31 and only just started making 100k a year. 100k in investments really isn’t crazy if you don’t live outside your means and start investing early. | 39 | Time4Timmy | 2024-11-22T18:09:23 | null | 38 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg99jm/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lyg9af1 | It’s not a bad deal. They should’ve extended past Christmas since it’s mostly older family members that could make the switch. That or friends who still use their parents bank and plan. Most people see friends and family around Christmas, so a prime opportunity to recommend WS. | 5 | Bawd | 2024-11-22T18:09:30 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyg9af1/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygaecq | i 100% agree, we have a lack of Canadian investment if u ask me | 2 | Zamutax | 2024-11-22T18:15:13 | null | 2 | /r/CanadianInvestor/comments/1gv1f58/what_trumps_election_could_mean_for_interest/lygaecq/ | 2 | t3_1gv1f58 | t1_ly6vequ | false | false |
lygagin | Yes we do | 10 | Souriii | 2024-11-22T18:15:32 | null | 9 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygagin/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lygayka | Not recommended if you need money in a short period of time.
Money has to be in the account for 1 full year, and they do it by tracking your deposits and withdrawals.
So if you transferred $100k investment and it increased to $200k in value, you cannot take the $100k gain out.
The entire $100k transferred with the future gains in the following year are trapped with Wealth Simple.
You would have to pay for the iPhone or Mac to get the money out which defeats the purpose of this deal. | 5 | ILoveSharting | 2024-11-22T18:18:07 | null | 5 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygayka/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygb5n9 | This is me, have all my investments in Scotia iTrade. So moving over my investments and getting a free phone or laptop seems like a pretty good deal especially if I’m saving fees in the long run as well. People in these comments make it sound like I’m rich, but really I just started investing early and I was only making 50-60k for most of that time. | 34 | Time4Timmy | 2024-11-22T18:19:08 | null | 32 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygb5n9/ | 3 | t3_1gxcz0i | t1_lyg7ext | false | false |
lygbhyj | I saw someone last week post that they already met the requirements. There is a different Canada out there we do not have access to yet. | 4 | jambazi99 | 2024-11-22T18:20:53 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygbhyj/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygbjp4 | Out of touch? Did you see their growth last year because of the last iPhone promotion? It was huge. | 20 | Nickersnacks | 2024-11-22T18:21:08 | null | 17 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygbjp4/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygbo8n | Get mom and dad to switch away from mom and dad's guy. | 78 | FrostyDynamic | 2024-11-22T18:21:47 | null | 77 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygbo8n/ | 2 | t3_1gxcz0i | t1_lyg7kjj | false | false |
lygbrvg | Yes, we are 💀 | 3 | Souriii | 2024-11-22T18:22:18 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygbrvg/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lygbzhd | I was agreeing with you about the shift in consumer trends away from brick & mortar, the political dynamics were my own thoughts on why I don't see much upside in consumer products. | 1 | Necessary-Shallot976 | 2024-11-22T18:23:24 | null | 0 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygbzhd/ | 4 | t3_1gx5a1x | t1_lyfzwon | false | false |
lygc12i | I've used both and I don't at all mind the simplicity of wealthsimple for ETF investing. Last I was with questrade they charged a fee to sell ETFs, is that still the case? | 7 | Souriii | 2024-11-22T18:23:37 | null | 6 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygc12i/ | 4 | t3_1gxcz0i | t1_lyg4vss | false | false |
lygcxzi | I can’t keep up with Jones’s if I live within my means though. | 1 | None | 2024-11-22T18:28:17 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygcxzi/ | 1 | t3_1gxcz0i | t1_lyg99jm | true | false |
lygd6x6 | The Jones’s were born into wealth, just ignore them | 2 | Time4Timmy | 2024-11-22T18:29:35 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygd6x6/ | 2 | t3_1gxcz0i | t1_lygcxzi | false | false |
lygdd2w | Quarter milly club congrats! | 9 | whinehome | 2024-11-22T18:30:28 | null | 9 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygdd2w/ | 1 | t3_1gx5a1x | t1_lyfyxjk | false | false |
lygeafu | There are a lot of people out there who may not be entirely happy with their investing platform or simply don't understand how much they're losing to fees. Word of mouth goes a long way. A small personal finance lesson is sometimes all the kick someone needs to try something else. Yeah, obviously according to the stats, most people *aren't* in the position to willy nilly move $100,000 but in other circles, there's a lot of high earning young people working in high pay professions who don't know what they're doing financially (and much more open to change than older people) or maybe just saving up a down payment. Moving $100,000 in-kind (and not into WS managed funds) is not that big of a deal for a lot of these *other* people- the iPhone or MacBook is the kicker. Heck, I have a large RPP/LIRA right now that's just sitting there that I could move any day.
I've gotten at least one person who kept like $30,000 in a chequings account into CASH or CBIL ETF instead. I've educated a lot of friends on VEQT/XEQT. These same people aren't day traders- they're either new to investing, completely reliant on bank financial advisors or what their parents told them, invested in some really expensive mutual funds, or are already using something cheap like Questrade. I made the move to WS and so have a lot of my friends. It's free to trade and all we're buying are ETFs on an automatic DRIP. Works fine for us.
I've gotten *a lot* of people into the churning game and one reason was the large Amex Plat referral bonuses which benefited both of us. I got a lot of referrals onto Amex Plat- people are shocked when they hear "$799 annual fee" but then you explain the benefits and the massive welcome bonus and suddenly you have a convert. WS is relying on people like us to tell these types of stories and in return, you get a MacBook. They've been *very aggressive* with customer acquisition- I imagine it's a fairly huge cost for them right now- a lot of the people I would've told are already on WS.
Tl;dr: Yes, this isn't for everyone but the target market isn't "everyone." | 2 | lhsonic | 2024-11-22T18:35:20 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygeafu/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygf21g | What do you want them to do? Give you a $2,000 gift for moving over $5,000, so they can make 1% a year = $50. Will take 40 years to repay | 1 | jostrons | 2024-11-22T18:39:18 | null | 0 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygf21g/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygfa4l | does any other bank give a free phone though? | 5 | bashinforcash | 2024-11-22T18:40:28 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygfa4l/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygg873 | I do care about the iPhone because I can sell it for $1000 easy. Transfer is a 10 min long form to fill and 2 weeks wait time. 10 min for a thousand dollars? Count me in! My friend did it last year with me, transferred his house cashdown and sold the phone. | 17 | Gy7479 | 2024-11-22T18:45:19 | null | 16 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygg873/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lygge77 | ikr, I’m also not sure why we’re being downvoted lol🤗 | 1 | c_is_for_calvin | 2024-11-22T18:46:12 | null | 0 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygge77/ | 2 | t3_1gxcz0i | t1_lyg2fp5 | false | false |
lyggnvw | >This market only has one direction
Are you trying to time the market?
(Edit: this guy blocked me for calling out his gambling, and meanwhile, I don't even understand his "insult") | 4 | madhattr999 | 2024-11-22T18:47:36 | null | 4 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lyggnvw/ | 1 | t3_1gx5a1x | t1_lyg1ffq | false | false |
lyggwhj | OP you do realize that it is a 100k value, including stocks, they're talking about right, not cash only? Like if you transfer a 50k TFSA and a 50K RRSP from another institution you're golden. | 25 | Gy7479 | 2024-11-22T18:48:50 | null | 25 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyggwhj/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygi5u3 | No. It isn't.
Many ppl under 40 have self directed retirement funds.. | 3 | chasing_daylight | 2024-11-22T18:55:18 | null | 2 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygi5u3/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygi5yr | Go back to r/edmonton. It’s obvious you have multiple accounts. | 1 | Open-Standard6959 | 2024-11-22T18:55:19 | null | -11 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygi5yr/ | 2 | t3_1gx5a1x | t1_lyggnvw | false | false |
lygie6m | I have more than that and I took advantage of their last promo to move all my investments from iTrade to WS.
Your experience is not everyone else's. | 11 | chasing_daylight | 2024-11-22T18:56:30 | null | 11 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygie6m/ | 2 | t3_1gxcz0i | t1_lyg4ob2 | false | false |
lygieqq | not out of touch
if you have two family members that's an easy iPhone | 3 | ploverlove | 2024-11-22T18:56:34 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygieqq/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygii5p | Yes. | 3 | churning_yyz | 2024-11-22T18:57:03 | null | 3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygii5p/ | 5 | t3_1gxcz0i | t1_lygc12i | false | false |
lygiifu | Ratio'd | 1 | chasing_daylight | 2024-11-22T18:57:06 | null | -1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygiifu/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygiy1c | lol what’s missing in the op’s rant is that the referees are also gaining an iPhone/mac and moving to a platform that charges no fees. If you’re middle class and have invested in your TFSA and/or rrsp over the years this is not an unheard of amount. | 1 | rhunter99 | 2024-11-22T18:59:18 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygiy1c/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygizd7 | No kidding | 7 | rhunter99 | 2024-11-22T18:59:29 | null | 4 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygizd7/ | 1 | t3_1gxcz0i | t1_lyg5udt | false | false |
lygizov | 100k isn't that much if you have some serious investments on the go, I'm not there yet but a lot of ppl are. | 1 | Durcaz | 2024-11-22T18:59:32 | null | 0 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygizov/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygjb4w | There are two promos:
Sign up and invest $100k or more and qualify for an iPhone or Mac
The more invested, the better spec device you get, up to $500k (depositing more won't get you a better spec device).
Refer two people who invest $100k or more and receive an iPhone or Mac
The more people referred, the better spec device you get, up to 6 people (referring more people won't get you better spec device). The referee must also register for the first promo to get their own iPhone or Mac.
You also get a $25 bonus for both parties just for the referral process | 6 | rhunter99 | 2024-11-22T19:01:09 | null | 5 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygjb4w/ | 1 | t3_1gxcz0i | t1_lyg99jm | false | false |
lygjncg | Ah, ok. Thanks for the info, do you know when the promo is ending? I’m still a bit undecided | 2 | Time4Timmy | 2024-11-22T19:02:57 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygjncg/ | 2 | t3_1gxcz0i | t1_lygjb4w | false | false |
lygjz4f | I don't know if it will go up or down, but I'm pretty sure the line will keep moving to the right. | 4 | ptwonline | 2024-11-22T19:04:39 | null | 2 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygjz4f/ | 1 | t3_1gx5a1x | t1_lyg1ffq | false | false |
lygkhww | This morning I looked back at some projections I made back in 2022 for future planning. I'm already at where I thought I would be at the end of 2026. (and hopefully I won't be at this same level again at the end of 2026 LOL) | 8 | ptwonline | 2024-11-22T19:07:22 | null | 6 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygkhww/ | 1 | t3_1gx5a1x | t1_lyfyxjk | false | false |
lygkska | 50/50 xeqt and vfv is roughly 10% cad 10% international and 80% us
Combined mer of .15
There are more efficient ways like xaw / xic because your buying us large and mid caps twice essentialy but the combined mer is only slightly less
Even more efficient would be to buy all 4 underlying etfs from xeqt and you will save .08 mer
The reason xeqt has a home bias is due to the tax within a tfsa on us dividends so personally the home bias is fine in my tfsa where as my entire rrsp is voo | 2 | DOGEWHALE | 2024-11-22T19:08:54 | null | -1 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygkska/ | 0 | t3_1gxey4s | t3_1gxey4s | false | false |
lygl0uq | "I don't think they are going anywhere" is a *terrible* investment thesis.
Companies can stick around long term but stagnate or even shrink.
Also, if there are any industries with histories of frequent failure it would be restaurants and retail. Even big retail fails. | 4 | ptwonline | 2024-11-22T19:10:05 | null | 2 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygl0uq/ | 1 | t3_1gx5a1x | t1_lyfhzpp | false | false |
lyglalg | Did you keep the money in or move it out after promotion? | 1 | tippy432 | 2024-11-22T19:11:29 | null | 0 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lyglalg/ | 3 | t3_1gxcz0i | t1_lygie6m | false | false |
lyglhs6 | For just starting out I would stick to xeqt automate as much as possible
Set up recurring monthly or bi weekly buys with % of your income your tolerable with
Keep 3 month emergency fund liquid in hisa | 4 | DOGEWHALE | 2024-11-22T19:12:32 | null | 1 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lyglhs6/ | 1 | t3_1gxey4s | t1_lygkska | false | false |
lygljlq | getting into a job where you make 50-60k, have a company and you both contributing to retirement: staying there for +10y, one could feasibly have over 100k, and other colleagues in same boat (or older than you) - could also do it.
could be more aspirational though for those under the 100k threshold.
\- - -
TLDR: don't need to be Mr Moneybags to take offer, can also take time. Also, not all deals are aimed at you. | 3 | aLottaWAFFLE | 2024-11-22T19:12:48 | null | 2 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygljlq/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygmdfw | Unlike your condescending rhetoric that contributed absolutely nothing to the conversation, right?
Spare me. | 1 | StoichMixture | 2024-11-22T19:17:06 | null | 0 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygmdfw/ | 5 | t3_1gx5a1x | t1_lyfzyk3 | false | false |
lygmhpb | Read the room. Do you have negative karma yet? | 3 | Apologetic_Kanadian | 2024-11-22T19:17:44 | null | 2 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygmhpb/ | 6 | t3_1gx5a1x | t1_lygmdfw | false | false |
lygmiv2 | to my understanding MER is what the people take for having your money in their stocks?
I honestly am not worried about that if that's what that means, I just want to make sure that the two stocks I've chosen are reliable. | 1 | According-Kale-8 | 2024-11-22T19:17:54 | null | -1 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygmiv2/ | 1 | t3_1gxey4s | t1_lygkska | false | false |
lygmp8a | what is automate? | 1 | According-Kale-8 | 2024-11-22T19:18:51 | null | -2 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygmp8a/ | 2 | t3_1gxey4s | t1_lyglhs6 | false | false |
lygmy8c | Does anyone actually care about karma?
You should care less about fake internet points, and more about the facts that actually matter to investors.
Thanks for proving my point, though. | 1 | StoichMixture | 2024-11-22T19:20:08 | null | 1 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygmy8c/ | 7 | t3_1gx5a1x | t1_lygmhpb | false | false |
lygnbdw | I mean, you can choose to miss the point all you want.
Not everyone wants to invest the way you want to, or the way you think they should.
That's all I'm going to say. I've pointed out that I think you're basically a troll pretending to have all the answers. | 6 | Apologetic_Kanadian | 2024-11-22T19:22:04 | null | 5 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygnbdw/ | 8 | t3_1gx5a1x | t1_lygmy8c | false | false |
lygncls | yo stoich im up 10,000% on doge since 2018 should i sell? | 1 | DOGEWHALE | 2024-11-22T19:22:15 | null | 1 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygncls/ | 7 | t3_1gx5a1x | t1_lyfggil | false | false |
lygnja2 | Canadian homebuilders. Increasing the housing supply is part of their platform. | 2 | Interesting_Screen99 | 2024-11-22T19:23:13 | null | 2 | /r/CanadianInvestor/comments/1gv9akb/stocks_in_anticipation_for_next_federal_election/lygnja2/ | 0 | t3_1gv9akb | t3_1gv9akb | false | false |
lygnqp9 | I'll never use Wealth Simple because they refused to honor their promo.
"Transfer an RRSP worth 10k and we'll match 1%"
I clicked the ad, it said "make an account". So I did. Then it said "transfer your RRSP". So I did. Then it said "register for 1% promo". So I did. Then it said "Okay, you're set. Any transfers you start after now will qualify.". The one they told me to do literally a second ago didn't count.
I contacted customer support. They said the professional version of "haha, sucker".
So I left and I'm never coming back. Slimey pieces of shit.
Good luck getting your iPhone or Mac. | 1 | Tsu_Dho_Namh | 2024-11-22T19:24:19 | null | -3 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygnqp9/ | 3 | t3_1gxcz0i | t1_lyg3wfi | false | false |
lygnsjd | lol, why did someone downvote this? | 5 | Interesting_Screen99 | 2024-11-22T19:24:35 | null | 3 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygnsjd/ | 2 | t3_1gx5a1x | t1_lyfhx8z | false | false |
lygo0ds | >I mean, you can choose to miss the point all you want.
Yes, I’m making a conscious decision to ignore commentary from the neighbourhood troll. Did you expect otherwise?
>Not everyone wants to invest the way you want to, or the way you think they should.
I’m not soliciting people to “invest the way I want”. There’s the right way, and there’s the wrong way.
You and OP are on the wrong side of the data; plain and simple.
>That's all I'm going to say. I've pointed out that I think you're basically a troll pretending to have all the answers.
Nothing I've contributed is original; I’ve also made it a habit of citing academia.
Take your issues up with them. | 1 | StoichMixture | 2024-11-22T19:25:42 | null | 0 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygo0ds/ | 9 | t3_1gx5a1x | t1_lygnbdw | false | false |
lygo5ig | So you want to set up an automatic withdrawal from your bank account straight into your tfsa in wealthsimple or other brokerage
Then you can set up recurring buys to buy xeqt
Once its all set up you can sit back and watch your money grow
Your stock portfolio is like a bar of soap, the more you touch it , the more fcked it gets | 1 | DOGEWHALE | 2024-11-22T19:26:28 | null | 0 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygo5ig/ | 3 | t3_1gxey4s | t1_lygmp8a | false | false |
lygo9di | Sounds like a Questrade ad. | 33 | nellyruth | 2024-11-22T19:27:02 | null | 31 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygo9di/ | 3 | t3_1gxcz0i | t1_lygbo8n | false | false |
lygog7t | Makes sense. And how do I set that up? Should I just watch a video on it?
And to be clear, why do you recommend just going with XEQT? | 1 | According-Kale-8 | 2024-11-22T19:28:01 | null | -1 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygog7t/ | 4 | t3_1gxey4s | t1_lygo5ig | false | false |
lygogj0 | dam these risk adjusted returns really got me bummed out these days | 2 | DOGEWHALE | 2024-11-22T19:28:04 | null | 2 | /r/CanadianInvestor/comments/1gx5a1x/daily_discussion_thread_for_november_22_2024/lygogj0/ | 8 | t3_1gx5a1x | t1_lygncls | false | false |
lygpgqr | I think most people have at least two friends with $100k in investments. I think the issue though is that it seems like a really hard conversation to have.
* "You should move to wealth simple for cheaper fees" - fine
* "Let me give you a referral link to wealth simple" - bit more difficult but possible
* "Let me give you my referral link to wealth simple. Do you have $100k invested? Will you transfer $100K by Dec 13?" - very difficult to discuss politely and non-intrusively
Maybe change it to one friend, and it works better as a promotion. You can tell people to use your referral link and if one of them happens to transfer at least $100K, you are good. | 1 | dejour | 2024-11-22T19:33:18 | null | 1 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygpgqr/ | 0 | t3_1gxcz0i | t3_1gxcz0i | false | false |
lygpiv8 | Guy looks like he’s hiding something behind that smile. Mom and dad may like him but I have my doubts… | 3 | CrispyMeltedCheese | 2024-11-22T19:33:37 | null | 0 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygpiv8/ | 3 | t3_1gxcz0i | t1_lygbo8n | false | false |
lygpqyf | Due to simplicity mostly low mer of .20 you can buy a basket of 10k stocks for a very low fee and is well diverse. Very popular so alot of volume
You can also use vanguards veqt witch is similiar slightly higher mer and yearly dividend instead of quarterly like xeqt.
I dont remember exactly but the website should have instructions | 2 | DOGEWHALE | 2024-11-22T19:34:47 | null | 2 | /r/CanadianInvestor/comments/1gxey4s/newer_investor/lygpqyf/ | 5 | t3_1gxey4s | t1_lygog7t | false | false |
lygpwzs | Something tells me you were supposed to register into the promo before transferring the funds | 5 | PM_NICE_TOES-notmen | 2024-11-22T19:35:40 | null | 4 | /r/CanadianInvestor/comments/1gxcz0i/this_wealthsimple_promo_is_so_out_of_touch/lygpwzs/ | 4 | t3_1gxcz0i | t1_lygnqp9 | false | false |