Archive for September 2024
Wealthsimple vs. Justwealth in 2024
Justwealth and Wealthsimple are the #1 and #2 options on our newly-updated best robo advisors in Canada for 2024 list. Because Wealthsimple is more of a tech-first company, and Justwealth is more of an investing-first company, the Wealthsimple vs Justwealth battle comes down to what you most highly prioritize in your robo advisor. Also, I…
Read MoreQtrade Review 2024 – Canada’s Best Broker
What Is Qtrade Direct Investing? Is it Legit? Qtrade Direct Investing is part of Aviso Wealth, a national financial services company owned by the Credit Union Centrals, CUMIS and Desjardins. Aviso manages close to $120 billion in assets, and has major operations in Vancouver and Toronto, with regional offices across Canada. Qtrade Direct Investing has…
Read MoreBest Canadian Online Brokers – October 2024
As Canadians hang on to the last vestiges of fall, the competition among Canada’s best online brokerages is really heating up! One of the first posts that I wrote for Million Dollar Journey back in 2006 was a comparison of the best online brokers (although it was a much shorter list at the time). Since…
Read MoreBMO SmartFolio Review 2024
I’m a huge fan of robo advisors, and BMO’s robo advisor: SmartFolio is no exception to that. If you’re not familiar with robo advisors the basic idea is that you will determine your overall risk tolerance, and that BMO will set you up with an automated portfolio using big broad index funds that spread your…
Read MoreBest All-in-One ETFs in Canada 2024
Canada’s all-in-one ETFs (also called portfolio ETFs) have been the single most important investment product innovation since I’ve started writing about this stuff nearly two decades ago. The Vanguard, iShares, and BMO all-in-one ETFs are the perfect marriage of index investing strategy, convenience, asset allocation math, and behavioural safeguards. These ETFs – which are actually…
Read MoreInvesting in Canadian Bank Stocks 2024
Now that second quarter earnings are in, I felt like it was an optimal time to update our 2024 Canadian bank stocks article. Ever since I started this website back in 2008, Canadian bank stocks have been reader favourites. The slow-steady-dependable nature of these companies makes them a natural fit for dividend lovers and Canadian…
Read MoreBuilding a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.
When I initially wrote this article about building RRSP wealth in your 30s, 40s, and 50s, my goal was to create an easy visual that illustrates just how much you would have to begin saving today if you wanted to be a millionaire “tomorrow” (when you retired). Five years later, the data stands up pretty…
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