Wealthsimple Invest RESULTS After 5 Years... I’M DONE!

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#tfsa #rrsp #fhsa

Video Chapters:
0:00 - Intro
1:42 - Account Overview
4:30 - S&P500 Comparison
5:32 - Final Thoughts & Game Plan

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[GriffinMilks]

What are your thoughts on this? Leave a comment below!
-Griffin

[enitalp]

All managed REERs I have used over the years have had abysmal results.
The "bank" makes money, but not you, I'm now 100% self-managed with 10 times more returns.

[GamjaWinnipeg]

Could it be because you didnt invest regularly (monthly)? I have been with WS for a little less than 5 years and have invested twice a month during covid and now once a month. I’m up 24.70% as of this writing with a risk level 9.

[kellyhou]

I put 25% divided etf, 25% qqq, 25% vef 25% vfv. 4 years return is close to 30%.

[danjackson]

What was your risk level during the 5 year period? I seem to remember you had it at risk level 7 for a few years and then increased it to level 10.

[wts]

I’m new to investing, I don’t know much but have learned a lot from your channel. I hope this isnt a dumb question, but isn’t 15% good?? I thought as long as you’re getting over 7% that it is a good thing? Here I was thinking I was doing well but here you say it’s abysmal 😮

[themusic]

Always keep in mind if an institution is investing your money for you, especially using an investor risk profile framework they have more of a fiduciary duty to preserve your capital through over diversification, a spread of asset allocation and fixed income exposure to shelter you from potential big losses than make you substantially high or market matching returns. The average investor is far more likely to get freaked out and pull their money out of the market if they see one 15-30% downturn rather than question if they could do better than average a 4 or 5% annual return over decades.

[dangero]

The ad playing right before this video was Wealthsimple lol

[hos]

Thanks for documenting this over the years. I’ve had the same lousy returns over the years with this product

[JM-cbhw]

I do not understand wealthsimple one bit. It says in green color I am + 2300. Yet my portfolio value is only 500 dollara above my net deposits? The heck does it mean?

[alexandrecontr]

Omg 15% over 5 years?! That is terrible! Thanks for the sharing!

[a.j.]

Hi Griffin, awesome video! This video got me thinking are there're any tax implications for buying US securities as a Canadian? (both registered and non-registered accounts)

[RainerNeufeld]

i'm wondering if you're assessing your returns properly; would like to see it expressed as a personal or time weighted annual compounded rate

[dchurch]

According to the Wealth Simple’s charts their growth robo have made 37% over the last 5 years. That is from their historical data. Interesting that your results are quite different.

[Bishop]

This video might be intellectually dishonest. At 2:00-2:12 you can see that you just lump summed invested at a couple different points, not dollar cost averaging. So when you said "I thought they would use the covid as an opportunity to buy ETF at a cheaper price" how would Wealthsimple do that if you didn't contribute more money? They cant predict the future to un-invest your funds in a down market and if you don't contribute more money then.... 🤷🏻‍♂Look maybe I'm wrong but this seems like a clickbait title with what some cherry picked data. In the past 2 years with DCA each month I have had 15% growth in my Managed Account of the same risk level. 15% in 2 years where one of the years was a recession is pretty good for me.

Just sharing my 2 cents and alternate experience.

[imaginosdesdinova]

What I'm interested in is WS CDIC insured?... of course they claim they are but they are not a bank so it is kinda yes and no answer. In case of big bust crypto or/and stock market question is if they are covered?

[allanminci]

I tried the managed Wealthsimple Invest when I joined and let it ride for a while and there was no excitement as far as gains, so I put it all into Trade. You had a similar video a few years ago mentioning you had it in middle risk not knowing? I did the same and then went to 10. After one year I had enough as the gains were low. I guess you have to try it to know if it's any good, at least you didn't lose anything except a higher return.

[milhouse]

The irony of risk level is "fixed income" is primarily bond etf's which are as volatile or even more volatile than stocks since their value fluctuates with interest rates instead of just earning income.

[AL.BUNDY.]

Yup. All those clowns who work for the brokers tell u to diversify. I have been diversifying for years into bonds, Europe, and emerging markets. My account has been poo worthy. This year I am done with all that. Yup I am super, super late to the party, but I am going 100% US equities. Even if there's a down trend for a year in the US, it will recover. And when it bounces back, it will compensate for the previous down turn so much so that it will be more valuable in the end than if I "diversified" into other markets. I am already up 41.5% in just 3 months so no complaints.

[brianrichmond]

A problem with an RRSP and a TFSA is that capital losses are not deductible from capital gains outside the RRSP and TFSA.