Archive for August 2024
Wealthsimple Review 2024
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler. I gotta say that I really liked the company more in its first few years than in its current iteration. For the first five years of its existence, Wealthsimple was solely focused on the product that is now…
Read MoreBest Canadian Robo Advisors 2024
Canadaโs best robo advisors are an excellent investing solution for the many folks who are intimidated by the thought of buying and selling shares on their own – but who donโt want to pay the outrageous mutual fund fees that come with the traditional investments recommended by banks and credit unions. There is incredible value…
Read MoreJustwealth Review 2024
Why Justwealth? As Iโve updated my Justwealth review over the years, they have risen from a solid-but-not-elite option to the best robo advisor in Canada. How did they do it? By focusing on what matters. Frankly, while Justwealth has made great strides in the way their website looks, they still arenโt the most aesthetically-appealing option…
Read MoreOaken Financial Review
What is Oaken Financial? What is Oaken Financial? Oaken Financial is a digital bank owned by Home Trust Company, which is a subsidiary of Home Capital Group Inc. (one of Canadaโs largest trust companies). Home Trust has been around since 1987 and founded Oaken Financial in 2013. While a digital bank, Oaken Financial has a…
Read MoreFinancial Freedom Update August 2024 โ $81.5k in Dividend Income!
Welcome to the Million Dollar Journey August 2024 Financial Freedom Update โ the first update of the year!ย If you would like to followย my whole financial journey, you can get my updatesย sent directly to your email,ย viaย Twitterย and/orย Facebook. For those of you new here, since achieving $1M in net worth in June 2014 (age 35), I shifted my focus to achieving…
Read MoreQuestrade vs Wealthsimple – Which is Better in 2024?
For many DIY investors the Wealthsimple vs Questrade comparison comes down to fees – but there are several other points of comparison that are worth considering given how important choosing your trading platform is. While both Questrade and Wealthsimple are both included amongst my personal rankings of the best Canadian online brokers, there are some…
Read MoreBest Recession Stocks in Canada for 2024
With Canadian dividend stocks facing significant pressure this year, many readers are asking me what are the safest stocks in Canada right now. Given the volatility affecting traditional favorites like bank stocks and telecoms, are they really the right play for investors that are focused on not losing capital? As recession and bear market concerns…
Read MoreThe Real MER on ETFs – Foreign Withholding Taxes on ETFs
Because Iโve written a lot about the Best Canadian ETFs and the top dividend ETFs, I tend to get a lot of questions and comments asking me about the MER and taxes on ETFs that hold equities from other countries. Obviously when youโre asking those types of in-depth questions you already understand the value of…
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