ฝัง
- เผยแพร่เมื่อ 16 พ.ค. 2023
- Last year, I changed up my investing strategy for retirement to incorporate a roboadvisor, Wealthsimple Invest. I started in Feb 2022, and here is where my portfolio stands as of Feb 2023 (uploading this in May lol oops!)
Last year's video: • How I Plan To Retire W...
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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.
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xo,
Reni ♡
#PortfolioUpdate #WealthsimpleInvest #Wealthsimple
Wealthsimple Invest Portfolio Update After One Year | Was it worth it? 🤑📈
How do you think this portfolio did? Meh or good?
If anyone wants to try Wealthsimple Invest, use this link to get $50 free wealthsimple.sjv.io/xoreniinvest 😊
Did well imo. If this video was done last month, the returns would have been higher, the market just recently had a pull back.
@@alphafoxcreative1731 good point! This was recorded in feb 2023z I’m going to do an update in June 😊
The editing is next level 🙌🏾🙌🏾🙌🏾
Thank you 🙌🏾
Thanks for sharing, Reni!! I opened my wealth simple account bc of you and tried managed investing. Looking forward to those gains 🤞🏽🤪
Yayyyy! I love to see it 💜
This video is soo engaging and easy to follow! Dancing robot was a vibe 💃
Thank you Angel! Trying something new so I appreciate the feedback💜
LOVE your content! Ive been investing in stocks through wealthsimple since 2021, WHISH I started sooner. But theres no time like the present lol thank you for your insight! Im always wanting to learn more. I subbed! ❤
Thank you so much Violet! Good on you for starting. Most people never do 🤍
Good good on editing ❤
Oh thank you!
Wealthsimple Invest was my first account with them. I opened it during the summer of 2020 and wanted to use it as an emergency fund and had short term goals with it. After two years I barely had more than a 6% return when the markets were climbing to all time highs. Any little crash would easily send me down -10%. I waited as long as I could and finally withdrew my funds and closed the account at the end of 2022. I was still down $200 when I did it but I decided to just cut my losses and run. I opened my Wealthsimple Trade account not long after the Invest account and had much better returns over that time period. At this point I’d rather do it myself and know that I could get a better return rather than giving up that control and get mediocre returns. Overall I was disappointed with it but I know it can be a valuable service for people who aren’t as confident in their ability to invest on their own and it’s great for setting up automatic deposits and whatnot. I am interested to see what the returns are like over longer periods of time.
What type of portfolio mix & risk level did you choose? Btw never invest your emergency fund!!
I had the same experience with the wealth simple managed account. I chose a conservative portfolio and I was just loosing money daily so I decided to withdraw. Definitely will try what you did.
@@atangkoboti9116 was this also in 2020-2021? The market wasn’t looking too hot then!
@@xoReni this was in 2023.
@@atangkoboti9116 I don’t think you gave it enough time in my opinion!
Good video, thank you👍
Glad you enjoyed it! Thanks for watching!
I just started the video but I’m loving the editing already!
Thank you Nikki 🫶🏾🫶🏾🫶🏾
Quarterly updates would be amazing!
Okay, I’ll aim for this! Do you invest using a RoboAdvisor? 😊
@@xoReni I signed up with your referral for wealthsimple invest! The plan is to start putting money in this month and see how it grows
Thanks a lot for this video. I used to invest with Bamboo back when I was living in Nigeria but since I moved to Canada last year I’ve been wondering whether to start afresh with wealth simple. What might you advise?
Yup, open up an account with them! They’re great ☺️ you can get $50 when you use my link: wealthsimple.sjv.io/xoreni
Thank you Reni. So for a lump sum of 40k, would you advise I invest all at once or put some every month?
Studies show than lump sums often perform better long term but I don’t like that amount of risk so I prefer to drip into the market 😂
Thank you coach.
I got the app through your link, and they did gave me 50$, so I thank you for that🙏🏿. I don't know if you already covered this, but how do you choose an individual company to invest in? Do you go for the big ones like Microsoft? Also, do you think it's safer to invest in ETFs with high dividends🤔? Last thing, I wouldn't mind monthly updates, but if quarterly is better for you, that's cool, too👍🏿
Thanks for using my link! Glad you got your money :)
Yes I typically choose tried and and true companies like Microsoft, Apple, BMO, etc. ETFs are generally 'safer' because your risk is more spread out. I have a video here that shares how I research: th-cam.com/video/PpbaI1vIj4E/w-d-xo.html
Let me know if this is helpful or if you have other questions!
@@xoReni Thank you very much for replying🙏🏿. That said, I'll be sure to watch your video, as well😊👍🏿
I recently downloaded the Wealthsimole app, after reading it is a fantastic tool for investing. Although I haven't started investing yet, I'm excited to dive into it soon. As an international student and a graduate student at YorkU, I'm eager to learn more about finances in Canada. So watching this to absorb as much knowledge as possible was great. Being in Canada for three months now, I'm determined to make the most of my time here and ensure a solid financial foundation. Wish me luck 😊
Congrats on downloading it! Maybe consider a RoboAdvisor if you’re looking to start 🥰🥰
I'm 25 and Iguess my frontal lobe fully developed because I woke up and needed to change. I want wealth and working full time won't give me that. Investing have always scared me but I'm ready to start and just give it a try.
Im glad you’ve come to this realization 🤍 you’re starting at the perfect time!
Wealth simple has a 5% collar on limit Buys so it is very difficult to buy the lowest lows. It's rare bitcoin moves up 5 % in a day. It makes for slow returns
What does bitcoin have to do with this?
what is the equivalent of s&p 500 in canada?
TSX composite
Hey Reni can you provide a referal link for just open a Wealthsimple account. The current one that's between $5-$3000 just for opening a account with them? Maybe put the link in the description because of how much censoring this site does, but original video uploaders might be able to get around it.
Hi! Here is the link: wealthsimple.sjv.io/xoreni
@@xoReni Oh hey this stupid site didn't inform me about the link. Figures this would be their other form of censorship. Do you have a link for a cash account instead? I want to take advantage of that 4% to 5% interest rate they have going.
@@xoReni Hey Ren, does your link have a code attached to it? I'm using a computer, but the support people told me that certain features, including the sign up bonus is available if I have a mobile phone with the app. So I might not be able to see it from my end.
@@entertainmentfan1463 you can try code YY-YZW
Do the self invest, I have a 100$ in returns after 2weeks lol
I do both if you watched the video 😊