The term Robo Advisor is thrown around a lot, and can scare some new investors. Typically, a Robo Advisor asks you questions about your investment goals, takes your preferences based on your answers, invests your money primarily in ETFs, and re-balances your portfolio based on market fluctuations. Today I’m going to share my WealthSimple review, an easy to use and well known Robo Advisor that I’ve just started using. If you find information on this guide useful and decide to try out WealthSimple, use my referral link to save up to $50 in fees over your first 12 months. What is …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.