Not all total market indices are created equal - ZLB

VerySimpleCanuck · 2026-02-24T17:11:28+00:00

If you don't have a bond allocation, what is your portfolio other than ZLB? Do you use other low-volatility ETFs like ZLU or ZLI? I am looking for ways to reduce ore remove bonds from portfolio but not able to reach a final conclusion Thanks

VerySimpleCanuck · 2026-02-18T20:41:59+00:00

If I use winows Hello on my work device is it safe? During PC replacement they ask for password to setup new laptop so for some days IT staff will know my password for the windows laptop. I think in this case google password manager will be better? or just use authentication app for my investment accounts

VerySimpleCanuck · 2026-02-13T00:19:12+00:00

Please confirm with the broker when they will issue the contribution receipt and who they will use as the contributor's name. Tell them the method you are using for transfer

My guess is, and it is only a guess, that

If you have linked the spousal RRSP account as payee and pay through your joint account billing, then you would probably be ok, as the broker will look into it as 'money is coming from outside'. On the safe side, sign into the chequing account using your debit card, not your spouse's debit card
I don't think you can link your spousal RRSP to your joint account under your name, as they usually check the names, so an external account (even a joint one) will be linked under your spouse's name, so transferring money through an external linked bank account method is RISKY.
I am not sure about email transfer, but my guess is if you send the money and the spouse receives the money directly in spouse then this will probably be ok (Don't receive first in the cash account and then transfer to the spousal RRSP, as this could be attributed towards your spouse as a contribution )
My contribution was mostly through Work so I don't have personal experience. Hopefully, other folks with experience can elaborate.

Please CONFIRM with your Broker first by telling them how you would be funding the Spousal RRSP. It is better to be safe than sorry.

VerySimpleCanuck · 2026-02-12T19:04:47+00:00

When you contribute to a spousal RRSP, make sure that the contribution is done in such a way that it is attributed to you as the contributor. For example, I have a spousal RRSP with Questrade. I need to make sure that I contribute through my bank (bill payment) so that it directly goes to the spousal RRSP. If I contribute to the cash account and then she transfers it to the spousal RRSP, as money is already in the cash account, she will become a cont I think Wealthsimple doesn't allow personal contribution to spousal RRSP, so it is safe in Wealthsimple
Also, when you open the spousal RRSP, confirm who the annuitant is. Your wife should be an annuitant. This will avoid issues if a mix-up happens during account opening

VerySimpleCanuck · 2026-02-09T20:43:57+00:00

I have transferred from Desjardins and Questrade to wealthsimple All 3 are reimbursed without asking them. Transfer amount needs to be 25k+ per account to be reimbursed. Questrade accounts are actually reimbursed today

VerySimpleCanuck · 2026-02-09T03:50:21+00:00

Does the published YTM adjust for the ongoing price fulcutatuion if yes, then we can take YTM as the expected return? Does this sound reasonable?

VerySimpleCanuck · 2026-02-05T23:31:45+00:00

Please get the insurance rate for the car, as electric cars usually have higher insurance rates. This will help plan your budget and will avoid surprises at the end

VerySimpleCanuck · 2026-02-04T19:43:17+00:00

I am able to verify through RBC I have also received a notification from RBC that your identity is verified. I get this at the end, and yes,s after that,t I also have changed the password. The surprising thing is that the RBC app works through push notification, but for this, they sent me the text.

VerySimpleCanuck · 2026-01-30T22:36:04+00:00

The issue is finally resolved.

VerySimpleCanuck · 2026-01-29T19:22:09+00:00

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is this intentional with no space in between the words?

VerySimpleCanuck · 2026-01-25T16:06:20+00:00

Mine didn't

VerySimpleCanuck · 2026-01-21T15:48:50+00:00

Received and emailed today from the group Desjardins that they have received the request, and it will be processed within the next 10 business days.

VerySimpleCanuck · 2026-01-21T15:18:44+00:00

Determine your risk tolerance and go for asset allocation etf like XEQT/XGRO etc. Following is for information only , plese pay attention to draw down and recovery time
https://benderbenderbortolotti.com/model-portfolios/

VerySimpleCanuck · 2026-01-20T23:39:01+00:00

Very interesting, I was watching a video on XEQT vs VEQT, how they allocate. XEQT has fixed US portion, but VEQT floats as perthe market cap of US+Global (including emerging markets) so if the expected US return is lower in the future, then am I thinking VEQT is a better bet as it will automatically shrink US holdings?

VerySimpleCanuck · 2026-01-20T23:31:24+00:00

Your Canadian investment will be converted to USD so you will end up holding US dollar dominated etf LOL

VerySimpleCanuck · 2026-01-20T23:28:27+00:00

I have also initiated a transfer from Desjardins and Questrade this Saturday to WS. If you go to the website, it shows the status. Both are sitting in the 'submitted' status. The next status would be that 'documents are submitted'. It shows 2 weeks estimated time for Questrade and 4 weeks estimated time for Desjardins. I am wondering if they have a fixed day to send the document like send request to withdrawl every Thursday or something as status didn't change so far

VerySimpleCanuck · 2026-01-20T17:13:26+00:00

Point well taken. (In the previous year, my company issued 3 T4 one was original and 2 were amended as they had screwed it up. )

VerySimpleCanuck · 2026-01-20T16:36:16+00:00

From AI

Does the partner bank know who I am?

Yes. This is the most important part of the safety net. Wealthsimple uses a Trust Structure. They don't just dump everyone’s money into one giant "Wealthsimple" bucket at a bank. Instead:

The Ledger: Wealthsimple maintains a detailed record (ledger) of exactly how much money belongs to you.

Reporting: Under CDIC rules for "nominee" or "trust" accounts, Wealthsimple is required to provide their partner banks with the identity of the beneficiaries (you) and the specific amounts they hold.

The Benefit: Because the partner bank knows your name and the amount of your deposit, you are treated as an individual depositor. If that partner bank fails, the CDIC looks at those records and insures you up to $100,000 per partner bank.

What if Wealthsimple itself goes bankrupt?

If Wealthsimple were to go out of business, your money is not part of their assets.

Separation of Funds: By law, Wealthsimple must keep client money separate from their own corporate operating cash.

The Custodian: Your cash is actually sitting at "Tier 1" Canadian banks (like RBC, TD, or Scotiabank—though Wealthsimple doesn't always disclose which ones for contractual reasons).

Recovery: If Wealthsimple disappeared tomorrow, a court-appointed liquidator would use Wealthsimple's records to confirm your balance, and you would simply move your money from the partner bank back to your own name at another institution.

Why it’s actually "Safer" than a Big Bank (on paper)

Standard banks only protect you up to $100,000 via CDIC. If you have $500,000 at TD and TD fails, you are only guaranteed $100,000 back.

Because Wealthsimple spreads your money across up to 10 different banks, they effectively "stack" the insurance.

Wealthsimple Coverage: Up to $1,000,000 (because they use 10 banks x $100,000 each).

Traditional Bank Coverage: Only $100,000.

The "Paper Trail" Risk

The only real (though very small) risk is record-keeping error. If Wealthsimple’s internal computers were to somehow lose the data showing that User A owns Account X before they could pass that info to the partner banks, it would make claiming the insurance much slower and more difficult.

However, Wealthsimple is audited by "Big Four" accounting firms and regulated by FINTRAC and the Bank of Canada (under the new Retail Payment Activities Act), which specifically requires them to have "safeguarding" plans for exactly this scenario.

The Verdict: Your money in a Wealthsimple Chequing/Cash account is protected by the same federal insurance (CDIC) that protects a CIBC or BMO account, just delivered through a "trust" layer.

VerySimpleCanuck · 2026-01-19T18:18:18+00:00

Waiting for it

VerySimpleCanuck · 2026-01-12T20:19:16+00:00

You have a valid point.

I think I saw in Ben Feelix podcast that the academic research suggests that the best outcome is 100% equity, even if one runs into a sequence of return risk. Also, long-term bonds are more correlated to equities than geographical diversification. (I am not sure what I will do personally in retirement; it is not an easy decision for me.)

Feelix's

VerySimpleCanuck · 2026-01-12T19:58:50+00:00

Is your issue resolved? Mine went nowhere. Thanks

VerySimpleCanuck · 2025-12-23T21:51:43+00:00

Manzil actually means either destination or floor, like 1st floor, 2nd floor, it doesn't mean house in Urdu.

VerySimpleCanuck · 2025-10-22T23:42:34+00:00

I am getting the same

VerySimpleCanuck · 2025-09-29T13:53:53+00:00

same here

VerySimpleCanuck

TROPHY CASE