What is Private Credit? | Wealthsimple

It’s a type of investment that can have yields as high as 10%. With our new Private Credit investment, clients now have access to the same caliber of opportunities that used to be reserved for ultra-high-net-worth and institutional investors.
Want to learn more? Click here: www.wealthsimple.com/en-ca/ma...
Want in? Open the Wealthsimple app on your phone, click add account, and find the “Access exclusive investments” option. If you don’t see it, reach out to one of our Portfolio Managers to see if you qualify.

[@m_m_m_m_m_m_m_m_m_m_m]

So... the "target" is 9% (which is just a "target", might as well be 9999%), but the "advisory" fee is 1.25 (and that is SURE to be charged, not only it the "target" is met?) plus 15% over whatever goes over 5%? Plus any "other fees". Where can I see some REAL numbers. Like someone who has invested de minimum 10k, how much did they make month to month NET?

[@KevlarGorilla]

1.25% of managed amounts, plus 15% of gains over 5%, which is "in addition to Wealthsimple Inc.’s standard managed investment fees", which is not disclosed on their brochure - Yeah, if I can't read all the fees on the first click, I am not interested.

[@chronsblack4441]

​@@KevlarGorillathen dish government taxes its not worth it😅😅

[@hustler2246]

How long your clients have to wait for FHSA account? I dont wanna go with Questrade

[@AlpineDividends]

Interesting offer! I should be eligible within a year or two and will check back then =)

[@YoutubeUsedtoBeFree]

What a bunch of fun Muppets. Yea go long risky credit markets during a fed tightening round. Brilliant

[@ocean645]

I really like this company.

[@jessewilson1622]

Look at my comment

[@kasamedianorth_the_narrows]

Hopefully a WS person will answer questions on this feed.

[@paulfinlayson7709]

Is this like distressed debt or junk bonds? On that level of risk?

[@deadroller]

Probably somewhere in the middle. With higher interest there are more profits, but there is also a higher chance for companies to default on the loans.

[@tatereno]

@@deadrollerid love to know the numbers with regards to the defaulted loans.

[@MovieDudeFan]

9 percent minus fees ? Is hiw much to me

[@tatereno]

9% net after the Wealthsimple and fund manager fees.

[@justinchase6666]

Needs 100k net deposits, i have an account over 150k but im not eligible since i only deposited 75k. Im gonna stick to spy

[@runescapefan0001]

It's so risky, they have to limit your investment to 20% of your portfolio! Are they expecting you might lose %500!? No thanks.

[@Violet1996-]

😮 damn! Thats scaryyy

[@kennethporst4359]

Actually TOP billionaires invest in Credit, unlike 90% of people.

[@wds3222]

But 9% isnt that high lol Average market return is 10%.

[@YoutubeUsedtoBeFree]

Oh man this has ponzi written all over it. You aren't paid with interest earnings from that month or year... You are paid a set amount - which means you have no idea where your money is, or what return it's actually earning.

[@M3ta1]

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