MY WEALTHSIMPLE PORTFOLIO IS CRASHING!

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I share how my portfolio is doing and how I'm reacting to this global pandemic. World markets are volatile and it puts a lot of anxiety and uncertainty in the mind's of investors.

This is a global crisis and I know its causing fear, but it's still important to hold on to your investing principles and keep thinking LONG-TERM.

Let me know how your portfolio is doing and let me know what you think about Wealthsimple after seeing your portfolio dive into the negatives. Do you still have faith in Wealthsimple and their unique type of technology? Very curious to hear what everyone has to say!

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📷 @sonibrosinvesting
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About Soni Bros Investing:
This channel is dedicated to helping people around the world make smarter financial decisions. I want to provide content that viewers can UNDERSTAND and APPLY to their lives. I want to show everyone the truth about their personal finances by demonstrating exactly how to ask the right questions, how to look at the right products, and overall, how to put more money in YOUR pocket.
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Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Rosesmith-hj
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very good advise, even I was scared about my portfolio, but its about the long-term investing.

darshanmehta
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Mine is crashing now with negative returns 😔

musiconsand
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I’m on the same mindset. Investing for the long term. I’m planning on leaving it there till I’m 60. Sucks though, down a few hundred. When do you think it’ll start going back up?

kuzaxe
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Hey! An update to this portfolio would be super cool to look at. Thanks for the video

basitkazi
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Yes, we all know what we shouldn't do when the market crashes. But there's always that fear in your mind that lingers and that you have to fight off with your reasoning.

QuarterKnight
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ok what happened. (for example) if you have 10000 one company share but next day the company showing inactive in wealthsimple app .. all money is wasted or can we do something.

gurpindersinghwaraich
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Would you plz upload a updated status of your portfolio now

sourav
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thanks for giving us an inside look. props on the transparency, dont see that often

ashah
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Hi there! How was it now? Is it going up now?

jhimuelvergado
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Do you experience delays when trading during these busy past few days ? And is Wealthsimple faster on pc vs iPhone when it comes to placing stock orders ? Thanks !!!

ashtonsharpe
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This is dope! We need more! Felt genuine and honest. 🙏🏽

roshaansivasubramaniam
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For some reason my account from yesterday to today is down 91%. I’m in shock wondering if wealth simple did something.

DoubleMyIncomeSociety
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I took an approach to average out the fall. I have a list of several companies who have good dividend policy and are fundamentally strong. I don't invest all of my money at once but bit by bit if they are trading at discounts. I also invested in index but I invested too early as I see.

EP_
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Hey Soni. I am reaching out just to have an idea of your mindset about if you understood the risk level that you changed and it’s implication on your portfolio through the bonds and shares that are purchased via the management of simplewealth? Also are you aware of how each stock and bond work in terms of economic down turn, inflation and bankruptcy? Which ones are tied to inflation and which one that should payout out regardless of any crisis?

From my understanding Soni, usually if Simplewealth is trading on your behalf (managing your portfolio), they should know what( bonds and shares) to buy or sell as they keep a constant open eye on the movement of market prices. It’s one of their roles as investment managers or portfolio managers. Thus they should be protecting you from losses or at least minimise it by the best they can.

On the other hand, If an algorithm developed by a quantitative finance developer. Trades will be traded based on a shorter time (seconds or less). Usually using all investors money to generate huge returns and then you will take a small percentage as Rate of Return according to the amount you invested and the amount of profits they earned.

Simply, If you are picking up your own stocks and bonds, a good strategy is to buy stocks that are generally stable with 5, 10 or even 20 years of stable history in order to generate a passive income. Either from dividends or premium interests. In order to do so. You need to check the financial statements of the companies you want to invest in, evaluate their performance in terms of quarterly sales, know the dividend yield and dividend rate. Payment period and most importantly their ratings of making payments.

Since simplewealth has a time delay of 15 minutes, this is a big problem for you. Imagine this scenario. Let’s say you have 200 shares you invested or they (simplewealth) invested on your behalf, and then in the next 3 minutes something went wrong in the market price movement and your shares started to lose value. You will only know how much you lost after the next update which will happen in the next 15 minutes. To me this is not safe for a portfolio with a high risk ratio similar to what you made and certainly not being able to get a real time feed on the stocks value to make an informed decision to either to sell or cash-in.

With 15 minutes delay anything can happen, and since simplewealth are not doing the necessary means to protect you from risk of losses. the best thing is to change your investment strategy and profile by being in charge of your own stocks and bonds. This way you can withdrew any profit you make at any particular time and keep them in your TFSA account.

To keep a real time on tracking your stocks and bonds, simply use the stock app on your phone or IPad and add your stocks. You can also use yahoo finance. Or use excel sheet and add the tickers by finding the ticker name of each stock. Then just set the excel sheet to update you in every minute of the market price movement.

I hope this helps.

m.e.a.senouci
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1 year later, have you recovered?

By age 65 you'll have around $28.0k
If you don't touch it and everything goes according to wealthsimples predictions.
Otherwise you could make a lot more yourself by making careful decisions.
(Just wanna say I haven't put a penny in stocks yet but watching a bunch of tutorials and videos and live streams I'm starting to think I'm a professional...)

RyanStonedonCanadianGaming
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An amazing video!! Loved to see this perspective 🙏

MathuraD
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Great video! Very informative about wealth simple, and the current climate.

manavpatel
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That's why years ago somebody told me that Mutual Funds are more bullet proof than ETFs because of this kinds of situations..even thou they are a higher MER's at least they can play around your investments..Good Luck!

smetyboy
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I'm just a beginner but my suggestion would be to invest now. If those stocks were worth the price u paid then they're deffiently worth the price they are now

crabbygaming