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In today's video I set up a brand new Wealthsimple Trade account, fund the account and buy some stocks to build my new RRSP portfolio.
I think Wealthsimple is the best platform in Canada for trading Canadian dollars. If you'd like to check it out and support the channel, here's my referral link (get 50 free when you sign up through this link and trade 150 or more): https://wealthsimple.sjv.io/Ry2NY9
The new account I just set up is an RRSP, but you can also set up a TFSA and a cash account with Wealthsimple. My strategy with this account is to only buy index funds and Exchange Traded Funds (ETFs).
Timestamps:
0:00 Set up and fund an account
2:22 Index funds and Exchange Traded Funds (ETFs)
3:01 Don't invest in USD with Wealthsimple
3:38 Researching stocks on Wealthsimple
5:33 VFV (US market – S&P 500 index)
6:40 VCN (Canadian market index)
7:10 HMMJ (Mary Jane Industry ETF)
7:48 HERO (ETF for the gaming industry)
8:14 BTCC (Bitcoin ETF)
Disclaimer: This video is solely my opinion. I am not a financial advisor. Always do your own research before investing. This video is also not sponsored by Wealthsimple. I'm just a fan of their product and think it's the best platform for Canadians to invest in CAD.
#stocks #investing #wealthsimple
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Other videos on the Project E channel include:
– Entrepreneurship
– To invest
– Personal finances
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