Automate Your Portfolio - Wealthsimple Trade Recurring Investments Tutorial

Want to automate your portfolio WITHOUT using a robo-advisor? It wasn't possible in Canada before, but now you can automatically buy stocks, ETFs, and even cryptocurrency with Wealthsimple Trade's recurring investments feature available on their mobile app made possible by purchasing fractional shares.
In this video, I walk you through how to do it and share some of the feature's pros and cons. But in general, if you want to save on investment fees, automate your portfolio, and do some set-it-and-forget-it investing with index funds, this recurring investments feature by Wealthsimple can definitely help you do it!
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CHAPTERS
00:00 Introduction
00:34 Is it possible to auto-trade stocks & ETFs?
01:30 Best use-case for recurring investments
02:09 Pros & cons of recurring investments
03:47 Full tutorial
08:12 Before you try this out yourself (IMPORTANT)
WATCH NEXT
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[@tintinlol7881]

I think it's better to listen to great channels like this rather than taking advice from the so called financial advisors (garbage) at the banks.

[@jessicamoorhouse]

I'll take that as a compliment. I'm all for working with an advice-only planner with proper credentials, but often what you get at the bank is just someone trying to sell you mutual funds or a line of credit unfortunately.

[@wildwheelsdarin]

You didn't end up showing us how many fractional shares were bought with the $50 recurring purchases of ZEQT. Wasn't that the point of the video? Fractional recurring purchases? I wanted to see the total number of shares that were bought, not their cash value.

[@jessicamoorhouse]

June 13 - 1.057 shares at $47.29/share, June 14 - 1.062 shares at $47.08/share, June 17 - 1.056 shares at $47.37/share, June 18 (Final Day) - 1.056 shares at $47.35/share = 4.231 shares total

[@wildwheelsdarin]

@@jessicamoorhouse I got into DRIPs awhile back, and love seeing the dollar cost averaging in action. I was so thrilled when Wealthsimple introduced the fractional recurring option. Thanks so much for sharing!

[@jessicamoorhouse]

@@wildwheelsdarin You're very welcome! :)