What Is Wealthsimple?
Wealthsimple is an innovative and intuitive way to begin saving for your future. In the past, brokerage accounts that provided high-end tools were reserved for the ultra-wealthy. Those with massive investment portfolios and cash to burn on large maintenance fees and other embedded payments to brokerage firms were able to invest with added features, great automation, and many other perks that the average investor simply couldn’t access.
This is changing, though. From the introduction of zero-fee trading that was spawned by the arrival of Robinhood through to the present, American, Canadian, and English investors are now able to engage with a variety of market segments with no or low account minimums and minuscule management fees. In the U.S. and beyond, investing has never been simpler or more effective for the everyday trader, saver, and consumer.
Wealthsimple is a profit automation machine.
Reading a Wealthsimple trade review will give you some great insight into how the company works and what the platform can do for you as an investor. Getting down to the brass tacks, Wealthsimple offers a low fee robo-advisor model to investors of all backgrounds and varieties. In the past, investors had to match their personal investment profile up with brokerage firms and advisors who provided tailored information and investment advice that only worked with certain types of traders. While we collectively might think of investors as falling into one of a few broadly defined categories (like day traders, long-hold investors, or dividend chasers), the truth is that most consumers straddle many of these ill-defined identities. With a platform like Wealthsimple, you can get customized advice that is tailored to the unique kind of investor that you are.
Automated trading decks are a new feature in the constant march toward greater investment tools. With this platform, investors who are not part of the 1 percent are able to take on the same kinds of great advice and strategies that only the wealthiest of investors have traditionally had access to.
Index funds are a key feature in the success of Wealthsimple trade users.
Index funds make the platform run. Wealthsimple trades are typically based on the power of these investment assets, and for good reason. The index fund is a low-cost mechanism for great stability through turbulent times, and added wealth generation during periods of high growth. In short, an index fund (or ETF, which provides a similar resource to investors) is a single stock commodity that provides access to a cross-section of market players. One of the primary areas of interest for new traders is the sectioning off of the market into different sectors. A healthy balance of these commercial assets is a must for anyone leveraged in the market, and with an index fund, you won’t need to select individual companies that meet your needs. Instead, you will hold a diversified asset that itself owns shares of hundreds or even thousands of companies with a great track record.
Indices run on algorithmic rebalancing, and Wealthsimple is no different. With an automated approach to the market, Wealthsimple trades seek to maximize a healthy balance of assets within different index classes (consumer discretionary options, Nasdaq holdings, etc.).
By placing your assets in a Wealthsimple invest account, you are able to roll over purchase roundups, take advantage of tax loss harvesting, and gain access to some of the lowest account maintenance fees on the market. This investment platform is a game-changer for investors of all backgrounds and is leveling the playing field for everyone in order to provide a brighter future with greater equity and access for all.
