Published On May 15, 2021
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In today's video, I set up a brand new Wealthsimple Trade account, fund the account, and buy some stocks to start building up my new RRSP portfolio.
I think Wealthsimple is the best platform in Canada for trading in Canadian dollars. If you want to check it out and support the channel, here is my referral link (Get $50 for free when you sign up with this link and trade $150 or more.): https://wealthsimple.sjv.io/Ry2NY9
The new account I just set up is an RRSP, but you can also set up a TFSA and a cash account with Wealthsimple. My strategy with this account is to only buy index funds and exchange traded funds (ETFs).
Time Stamps:
0:00 Set up and fund an account
2:22 Index funds & exchange traded funds (ETFs)
3:01 Don't invest in USD w/ Wealthsimple
3:38 Researching stocks on Wealthsimple
5:33 VFV (American market - S&P 500 index)
6:40 VCN (Canadian market index)
7:10 HMMJ (Mary Jane industry ETF)
7:48 HERO (Gaming industry ETF)
8:14 BTCC (Bitcoin ETF)
Disclaimer: This video is my opinion only. I am not a financial adviser. Always conduct your own research prior to investing. Also, this video is not sponsored by Wealthsimple. I'm just a fan of their product who thinks it's the best platform for Canadians to invest in $CAD.
#stocks #invest #wealthsimple
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Other videos on the Project E channel are about:
- Entrepreneurship
- Investing
- Personal finance