Lmst

The #WealthSimple app & website #UX is a masterclass in making something that's complex, boring & kinda stuffy into a smooth & sort of beautiful experience.

I wish all my stodgy business & finance stuff was this sharp & clean.

#finance #design

Video: My Brand New Shiny RRSP Portfolio

I take you on my #journey to getting a brand new shiny #RRSP #portfolio. I choose the #wealthsimple #brokerage, sell my #mutualfunds, and share what #assets I am buying, specifically #index #ETFs covering the #TSX, #SP500, #developed #markets and #emerging #markets. I also get #smallcap #stock #ETF, a #technology ETF and a #bond fund as a #piggybank. The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and…

http://canadianmoneytalk.ca/2025/03/16/video-my-brand-new-shiny-rrsp-portfolio/

"It’s not breaking news that Canadian home prices are nuts — we’ve covered the topic many times. Still, the chart above is remarkable. Income roughly doubled from 2000 to 2022. But, with home prices up 422% over that same period, many young people feel, justifiably, locked out of the housing market."
Source: https://tldr-archive.wealthsimple.com/archive/33-%F0%9F%A7%B3-lets-move-to-whitehorse
#Canada #WealthSimple #TLDR #Housing

Picture of a chart comparing overall inflation in Canada with the average Canadian income and the average canadian home price, between 2000 and 2025. We can clearly see the avarage canadian home price is way above the two others.
Text above the chart: Housing is in a league of its own. Buying a home is the largest inverstment most canadians make, and a lot of emotions are wrapped up in it. The trouble for many young peole is that housing prices have significantly outpaced overall inflation and income growth over the past 25 years.

Fascinating statistic from today's #Wealthsimple newsletter"
"Every 10% increase in women’s average salary leads to a 7% decline in marriages, according to a paper from the University of California."
My old law partner used to start arguments regularly with the observation that "families, at root, are economic units."

Sometimes it’s so hard to take #Wealthsimple seriously. Tried withdrawing from my FHSA on the web - nope! That’s in-app only. Then I tried to do a Home Buyer’s Plan withdrawal from my RRSP - nope! That’s on the web only.

Bold choice to look at apps and the web and decide your premiere client experience will be available on neither.

I can't believe that in order to transfer money to my #wealthsimple account I need to go through phishing-as-a-service provider #plaid

There is a financial services company listed as a CRA partner to submit your taxes called
#WealthSimple
Do not use them. They spam every day and refuse to stop. I've started forwarding their spam to the Minister of National Revenue with a message so they'll have to respond to every one. We'll see how they like it.

Opened a wealthsimple account, they do referrals.

Let’s both get $25 when you fund a Wealthsimple account. Use my referral code: DTN8AA 🎁 T&Cs apply. https://www.wealthsimple.com/invite

#marimoko #canada #wealthsimple #referral #money #banking

Never have I seen a more out of touch notification in my life. #WealthSimple #iPhone #FFS

iPhone notification:

Get the new iPhone.
Register and deposit or transfer $100,000 or more to get iPhone 15 - or $200,000 or more for iPhone 15 Pro. T&Cs apply.

Looks like WealthSimple has increased the interest that they pay on their WealthSimple Cash account. It used to require you to have $100k deposited or invested with them in order to get 4%. 3% if you have your paycheques deposited with them.

Now you can get a minimum of 4% with no minimum balance & 4.5% if you have $100k deposited/invested with them.

https://www.wealthsimple.com/en-ca/spend

#WealthSimple #fintech #Canada #PersonalFinanceCanada