Welcome to Million Dollar Journey! If you’re new here, you can learn about me and even follow my financial journey to becoming a millionaire by 35 through my net worth updates. Since hitting the Million Dollar milestone, I’ve been documenting my journey towards financial freedom that you can read about here. If you are just starting your own financial journey, you can start with Financial Freedom 101 located in the navigation bar above. Before you leave, check out my latest articles listed below and don’t forget to subscribe to my updates!

Options Trading: Buying and Selling Calls & Puts for Hedging & Profit

By FT | June 28, 2020 |
Options Trading: Buying and Selling Calls & Puts for Hedging & Profit

As markets become more turbulent and investors are seeking ways to protect profits or perhaps enhance them, call and put options are rising in popularity in an unprecedented manner.  Of course, investors are much more likely to shoot themselves in the foot, than do anything productive when it comes to “calls” and “puts” – but…

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Financial Freedom Update (Q2) 2020 – V-Shape Recovery Edition ($60,550 in Dividend Income)!

By FT | June 21, 2020 |

Welcome to the Million Dollar Journey 2020 (Q2) Financial Freedom Update – the V-Shape Recovery Edition!  If you would like to follow my latest financial journey, you can get my updates sent directly to your email, via Twitter or Facebook, and/or you can sign up for the monthly Million Dollar Journey Newsletter. For those of you new here, since achieving $1M…

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Questrade vs Wealthsimple:

By Kyle Prevost | June 17, 2020 |

Questrade vs Wealthsimple: By Kyle Prevost | January 12, 2020 | Comments The Showdown: Questrade & Questwealth vs Wealthsimple Invest & Wealthsimple Trade Up until last year, investors looking to cut their investment fees to a minimum could choose to go with Questrade if they wanted an online discount brokerage and Wealthsimple if they wanted the ultimate in cheap, hands-off automated investing via a…

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Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO]

By FT | June 16, 2020 |
wealthsimple review

Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO] By FT | May 17, 2020 | Comments I’ve been putting off writing a Wealthsimple review for a while now due to the fact I personally do not personally use robo advisor, instead preferring to cut costs to the bone with my Questrade, my top rated…

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Canadian Legal Wills Review: Canada’s Best Online Will Kit

By Kyle Prevost | June 14, 2020 |
Canadian Legal Wills Review: Canada’s Best Online Will Kit

When I was asked if I wanted to write a Canadian Legal Wills review in exchange for a free trial of Canada’s best online will kit, I have to admit that I was embarrassed.

You see… until yesterday I didn’t have a will.

I know… statistics show that roughly half of Canadian adults don’t have a will, and only a third or so have one that is up to date.

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Where is the Loonie Heading? Will it Ever Reach Parity with the US Dollar Again?

By Guest Blogger | June 12, 2020 |

Before we get too far into talking about foreign exchange (FX) and/or conversion rates from Canadian Dollars (CAD) to US Dollars (USD) it’s worth noting that in no way am I advocating that people should get into currency trading.  Trying to predict currency markets is like lighting a bunch of fuses and predicting which firework…

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All-in-One ETFs Battle: Vanguard vs iShares vs BMO

By FT | June 8, 2020 |

All-in-One ETFs Battle: Vanguard vs iShares vs BMO Written by FT (Updated in December, 2019 by Kyle Prevost) Vanguard was the first company to jump into Canadian all-in-one ETFs back in 2018.  It should come as no surprise that that the historical leader in low-cost investments was the first to roll out this superstar product. …

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Questwealth Portfolios: A Robo Advisor by Questrade

By Kyle Prevost | June 8, 2020 |
A Robo Advisor by Questrade

The short answer is yes, Questrade having a robo advisor is nothing new.   However, the old robo, Questrade’s Portfolio IQ, has been replaced by their new product: Questwealth Portfolios. So, what does Questwealth Portfolios have to offer and how does it stack up to other robo advisors in Canada? Keep reading to find out.…

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