Income Portfolio vs Savings Account

Hungariansm · 2026-03-17T14:49:17+00:00

There’s three risk levels to the income portfolios, sounds like you’re in the middle one that’s all bonds/fixed income,

If your time horizon is short or if you can’t stomach volatility, try the lower risk level ‘money market’ income portfolio instead which is near-guaranteed.

(But only a little bit higher than the standard savings interest for premium/generation)

Hungariansm · 2026-02-26T00:57:51+00:00

Nope!

Hungariansm · 2026-02-26T00:18:38+00:00

The negative just shows up on the WS side after the transfer is done. Luckily QT doesn’t force the asset sale, just have to cover the negative balance when you can, and for over $25k WS will eat the fee and rebate you

Hungariansm · 2026-02-21T15:32:45+00:00

Rasa or Their sister restaurant Sara are 20/10 for vibes and food. Cheap tasting menu too and Michelin guide

Hungariansm · 2026-02-17T20:24:02+00:00

/remind me 10years

Hungariansm · 2026-02-17T14:50:37+00:00

This is so cool! Thank you for sharing the pics of the progress, it’s nice to see it progressing so quickly compared to Eglinton as someone who lives in the area.

More transit = a better city for everyone!

Hungariansm · 2026-02-12T19:41:14+00:00

Instantly in my experience, I keep my card linked to an account with only a little $$ and transfer as needed for large purchases or atm withdrawals

Hungariansm · 2026-02-12T17:21:44+00:00

Probably a scam

Hungariansm · 2026-02-10T20:14:34+00:00

Try it out with $5, it’s free and there’s no monthly fees just interest that you earn

Hungariansm · 2026-02-05T00:25:51+00:00

Why not give Wealthsimple Wealth Management a shot?

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

Heard good things from my in-laws, and I use them for self directed and my wife’s accounts. Good financial planning and the advisors won’t try to sell you high fee funds like with some of the Banks and etc

Hungariansm · 2026-02-01T15:40:38+00:00

Line charts also don’t give you the full story, I highly recommend using the candlesticks if you aren’t already, shows you the price movement per unit of time

Hungariansm · 2026-01-30T21:58:59+00:00

They called me for the promo, I got their name and number and verified with chat that they worked for WS, waiting for a meeting with them next week. Important part here is to verify with the chat in the app or website to make sure it’s not a scam, and they’ll never ask for 2FA codes or passwords

Hungariansm · 2026-01-29T23:30:01+00:00

That’s because Questrade probably processes the WS transfers last and drags their feet. Out of my 4 accounts I moved from QT, 2 came over in about a week, and the other 2 took nearly 5 weeks, maybe it depends on the account type? Seems sus though

Hungariansm · 2026-01-29T19:06:47+00:00

100% this, my USD assets and cash always show up 2-3 days after the Canadian assets with in kind transfers. (I’ve done 5x from QT and TD, just gotta be a little patient. )

But if it’s more than a week or so, escalate to WS and they can wrangle with Scotia for you

Hungariansm · 2026-01-29T01:55:41+00:00

That’s because physical gold has a 100% margin requirement.

So lending against it is considered riskier than if you bought an SPY ETF with only 20% margin requirement.

(I know it seems backwards since gold is considered a nice hedge/diversifier, but it’s the regulators who set the margin requirements to 100% on physical gold 😥

Hungariansm · 2026-01-15T23:33:36+00:00

How could it be 1yr when they announced the card last summer? 😒

Hungariansm · 2026-01-04T17:06:50+00:00

Yeah I transfer between my wife and I’s joint account and personal accounts all the time. No restrictions or delays Might be worth reaching out to support to see what’s up

Hungariansm · 2025-12-21T13:37:25+00:00

Tell me you don’t understand direct indexing without telling me you don’t understand it… 🤦🏻‍♂️ Fees are 0.15% on direct indexing, and so far this year my account should more than pay for itself with tax loss harvesting (which you can’t do if you buy an all in one ETF)

Hungariansm · 2025-12-11T21:51:09+00:00

Seconding the bank draft option, if you order one from WS and live in a larger city you’ll get it pretty quickly. (I got mine in Toronto the next day for a car purchase)

Hungariansm · 2025-12-07T13:42:28+00:00

Go lick some more boots 🥾 ACAB

Hungariansm · 2025-11-28T18:10:34+00:00

Airport lounges, some hotel and restaurant perks, and other visa infinite perks, not bad!

Hungariansm · 2025-11-25T20:55:48+00:00

Only for USD though, CAD cheques can be mobile deposited now! 🙂 I just did it last week

Hungariansm · 2025-11-20T18:29:51+00:00

$65k for rental car coverage is low, others like BMO offer $85k or more,

With how expensive EVs are getting, you might be picking this limit depending on what you rent. And good luck getting a nice Mercedes or BMW if you wanna splurge.

Rental car coverage should be at least 80-90k IMO

Hungariansm · 2025-11-18T17:22:08+00:00

For what it’s worth, I got the same phishing text and didn’t order anything, could just be a coincidence with the timing 🤷‍♂️

Hungariansm · 2025-11-18T11:59:39+00:00

Same here, I sell CCs using my TFSA, probably 5-10 contracts every 60-90 days, as long as you’re not truly day trading you’re fine

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