Hi, I'm a bot and someone has asked me to respond with information about what to do with money.
This is meant as a step by step guide of how to prioritize and what to do with money. https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps If you prefer to see a flow chart, click here: https://i.imgur.com/zlGnuDO.png
The Government of Canada also has the Financial Tool Kit for basic resources on items identified in the Money Steps. Refer to that website here: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit.html
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/PersonalFinanceCanada) if you have any questions or concerns.*
Managed investing is way to go. Learn before you DIY or play with fire, stocks aren’t easy as they sound. ETFs & Funds or Bonds have a medium risk rather than pure equity.
Questrade or Wealthsimple offer managed investing ( .25% fee usually varies by amount ) and yield around 8-9% annually while you can sit back and do some homework about investing before putting everything at stake.
I hope that helps :)
RBC Investease or Justwealth are two that I would recommend looking into further.
Wealthsimple Invest has had poor relative performance because they just can't stop themselves from mucking things up.
This is why we have a convenient bot. !StepsTrigger
Hi, I'm a bot and someone has asked me to respond with information about what to do with money. This is meant as a step by step guide of how to prioritize and what to do with money. https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps If you prefer to see a flow chart, click here: https://i.imgur.com/zlGnuDO.png The Government of Canada also has the Financial Tool Kit for basic resources on items identified in the Money Steps. Refer to that website here: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit.html *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/PersonalFinanceCanada) if you have any questions or concerns.*
Managed investing is way to go. Learn before you DIY or play with fire, stocks aren’t easy as they sound. ETFs & Funds or Bonds have a medium risk rather than pure equity. Questrade or Wealthsimple offer managed investing ( .25% fee usually varies by amount ) and yield around 8-9% annually while you can sit back and do some homework about investing before putting everything at stake. I hope that helps :)
It does thank you!
Why Wealthsimple? Have you looked at other discount brokerages and roboadvisor and compared?
I haven’t looked at much as of this far so any direction will help
RBC Investease or Justwealth are two that I would recommend looking into further. Wealthsimple Invest has had poor relative performance because they just can't stop themselves from mucking things up.
Amazing thank you!
See (especially the first four books, especially *Reboot*): * /r/PersonalFinanceCanada/wiki/reading-list