My NEW Wealthsimple ETF/Index Fund Portfolio 2024

In this video we'll take a look at my new portfolio of ETFs with Wealthsimple. We'll cover the 2 ETFs I decided to buy, VOO (Vanguard S&P500 Index ETF) & ZEQT (BMO All-Equity ETF).

-----------

-----------

🏦🇨🇦 Sign Up Bonuses 💰💸:

The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

-----------

Beavis Wealth Disclaimer:

The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

-----------

BMO Disclaimer:

This content is sponsored by BMO Exchange Traded Funds.

This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individual’s investment objectives and risk tolerance, and professional advice should be obtained with respect to the individual’s particular circumstances.

The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

[ErixZ]

an financial advisor going full index etfs, this goes full circle

[CanadianTShirt]

LOVE the new portfolio! So clean and elegant! 🙌Thanks brother for sharing and documenting your investment journey over all these years. It's been a privilege to follow along 😊

[gregmuschett]

I’ve got a hunch you’ll add more to your portfolio. I started with VOO as well but then started to add ETFs that serve different purposes - VCN, VXUS, SCHD, VUG. I’m just willing to guess you’ll find fun doing the same eventually ;)

[beerad]

I started my investing journey watching your videos and followed closely along since the start of the pandemic. i sold off majority of my individual holdings early this year and switched to XEQT. The main driving factor was simplicity and automation stemming from my growing family. That was more valuable to me. Definitely feels great to know you have done the same for similar reasons. All the best!

[dez]

95% XEQT 5% VFV and fun stocks here. +24% simple return so far

[newdeal_]

The dividend on voo is like 1.2%. Therefore the 15% is like 0.2% per year. If you need to convert the money to Canadian Wealthsimple is going to charge you like 2.5% it made more sense to convert to Canadian using Norbert’s gambit while it was with TD

[BRY__BRY]

I'm glad to see some canadian investing Youtube channels understanding the benefit of holding total world etf's and the s&p
because I see it too often where Youtube investors think they're smart enough to own a bunch of individual stocks and sure while "Canadian dividend stocks!!!" sounds great on paper. At the end of the day you want to set yourself up with the best total return at the end of your life. I still get an amazing quarterly dividend off my XEQT and VFV. But at the end of the day it's even arguable whether the dividends are considered beneficial "extra income" because the price of stocks goes down when they're paid out. It is nice as a little bit of extra emergency money in the worst case scenario or during retirement if I decided to hold some of it. But yeah, if you're not beating these ETF's there's literally 0 reason to be playing around with a big portfolio, in the end you're just selling yourself short for no reason.

[Lihgdsc]

can I buy Voo using Cad directly? OR how would you recommend converting CAD into USD using wealthsimple?

[TheSeliner]

question why would you sell VOO (an etf in american dollars) on questrade to buy on Wealthsimple? Arent their conversion fees worst?

[tammyar]

Woohoo! I've been waiting for this video since I saw your portfolio update on Blossom!! 😄 You are glowing, it truly reflects how happy you are with this decision so I am very happy for ya! 💯 Sometimes, simplicity is the best policy.

[McBurger]

Mr Beavis, so when you convert USD with Wealth Simple, or do you just link a USD account from your bank to your Wealth simple RRSP and transfer funds into the wealth simple USD account. From there you buy VOO with your USD? Is this how you avoid the conversion fees?

[RjBaths]

Curious why did you switch to Wealthsimple from Questrade. Buying ETF is free plus norbert's gambit on QT🤔

[cohenmicah]

Just curious, why would you choose ZEQT over XEQT or VEQT?

[zigzag]

I would like to know the US to Canadian conversion fees that are charged when having a Wealth Simple account? I wanted to switch from my TD Webroker US account to Wealth Simple account for trading US stocks but it was costly when doing stock purchases or sells. Unless things have changed recently Wealth Simple was not worth it for US accounts. What am I missing. Currently I change all my Canadian dollars to US dollars with Norberts Gambit as I hold a US account within TD.

[derekcox]

Welcome to the dark side. The index always wins in the end. I’m 53 I started with mutual funds in the late 80s, 90s then bought individual stocks in the 2k times, then just realized my younger self was right, index investing (not in mutual funds but etfs) is the winner. Never look back. Picking stocks is a losers game.

[newhumandynamics]

The overlap was the first thing I noticed, but you're right about it actually being an "ok" thing - seeing as that's where most of the action is anyway. Thanks for sharing!

[rxdoctordaddy]

How did you convert your CAD to USD with wealth simple?

[julianajara]

What app do you use to track/see all your investments in the pie graph?? Love your content btw!! Paid for an expensive course a year ago and still didn't have the courage to start, after watching a few videos on your channel focused for canadians I finaly built my portfolion on WS, so happy!!! I jujst want a way to see all the investments in the pie chart like you show on your vids :)

[Martin-lfse]

Can you clarify if WHT applies to non-registered accounts holding US ETFs?
To be clear, I want to buy US ETFs in my non-registered (non-RRSP, non-TFSA) account.
DO I still get taxed the 15% withholding tax on dividends?

[mykbryanc]

Made the switch from individual stocks to etf for the very same reasons. Became a clinician and having a 2yo, i have absolutely no time to search individual stocks