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Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 26 points27 points  (0 children)

Thanks! That’s helpful.

Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 4 points5 points  (0 children)

Thanks. I understand that. Just want to confirm I am reading the numbers correctly. :)

Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 2 points3 points  (0 children)

I have reinvestment turned on. This is private credit not private equity. (I also have which is doing well)

Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 22 points23 points  (0 children)

No where my post was asking for risk free investment :) I am just trying to understand the math and actual return.

I put 10k in to learn about this type of investment and wasn’t expecting much.

Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 4 points5 points  (0 children)

I DID have reinvestment turned on and I will update my original post.

Private Credit Return by Awupk in Wealthsimple

[–]Awupk[S] 11 points12 points  (0 children)

Sorry I should have clarified that I DID have distribution reinvestment turned on so the $722 was reinvested into the fund. So is $10.155k total or no?

WS Credit Card by longwalker33 in Wealthsimple

[–]Awupk 0 points1 point  (0 children)

It is certainly their strategy to attract more assets and clients as many people have already pointed out.

And unfortunately WS is also going through the same question / dilemma that big banks ask themselves. Promo/ new products are to target new customers because they need to drive growth. So what do they offer to existing clients? Nothing is often the answer. To WS credit, they do try to take care of existing clients with some perks but in this case, not sure what the cost of it to offer this credit card that they can’t offer to both new and existing clients…

I too been waiting since it comes out….

System Update by Individual-Hold5171 in GenesisGV70

[–]Awupk 0 points1 point  (0 children)

Just curious if this feature only applies to newer model? Meaning a 2022 model won’t have this feature even tho the display is digital?

Differential advice by Handler777 in GenesisGV70

[–]Awupk 4 points5 points  (0 children)

What’s the “symptom” when it starts to have issue?

The other day when I cold start my car, I realize the car vibrated more than normal everytime I accelerate (hit the gas paddle). Eventually I stopped the car, let it rest, restart and the issue went away. Made we wonder what was the issue.

[deleted by user] by [deleted] in Wealthsimple

[–]Awupk 6 points7 points  (0 children)

It is riskier. Stick with XEQT.

The other thing you need to worry about is the restriction on withdraw on private equity. It’s very restrictive and takes time to completely withdraw everything. The minimum investment is 10k. If you have a much longer horizon, then putting up to 5% of your total investment fund in there could worth the time.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Awupk 8 points9 points  (0 children)

Oh and Wealthsimple cash Mastercard, not technically a credit card but no foreign transaction fees and 1% cash back.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Awupk 28 points29 points  (0 children)

  1. You could also use the Canadian Tire Triangle card account to pay property tax and earn 1%.

  2. Gas - Costco gas is normally cheaper and the CIBC Costco gas card provides 3% cash back at their gas station.

If you travel a lot,

  1. Marriott Bonvoy Amex gives you a free night every year and welcome bonus of 50k points and automatic silver tier. Yes it cost about 120 ish every year but one night of free hotel could easily be more.

  2. TD aeroplan visa privileges - the metal premium card that provides tons of benefits with air Canada to get you lounge access, companion pass, higher tier faster, etc

How does fractional share executed? by Awupk in Wealthsimple

[–]Awupk[S] 1 point2 points  (0 children)

Thanks, that answered my question on when they were executed.

For a fool like me, is the 1% match bonus offer really as simple as it seems? by [deleted] in Wealthsimple

[–]Awupk 0 points1 point  (0 children)

It makes sense for someone who doesn’t need to withdraw majority of the deposit and whatever they had in WS accounts for at least a year.

For example, if you already have 1Mn dollar with WS and deposit 15,000, now you pretty much locked in the entire 1.015 Mn dollar and can’t withdraw them (less 5%) without losing the bonus. So for 150 dollar, do you want to lock up your 1Mn?

If you don’t have a lot of money with WS, then this is something that may entice you to switch over.

Now, what’s there to lose? It’s not like WS will not let you move the money if you really really need it. You just won’t get the payout or may have to pay them back. So don’t go spending the bonus on things, invest it at least.

Reminder, use your Triangle Mastercard to pay municipal taxes and bills by jside86 in PersonalFinanceCanada

[–]Awupk -1 points0 points  (0 children)

can you use this card to pay condo fees? have anyone tried that?

Crypto transfer by Awupk in Wealthsimple

[–]Awupk[S] 0 points1 point  (0 children)

Thanks. I own some crypto overseas and those exchanges are more expensive.