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I suspect I could do that successfully. What I do instead is give up 0.5% per year and let WealthSimple[0] do it for me. Automatic weekly payments from my bank
by mabbo 8y ago
I suspect I could do that successfully. What I do instead is give up 0.5% per year and let WealthSimple[0] do it for me. Automatic weekly payments from my bank account get invested in whatever way gets me closer to a balanced portfolio.
It's a big cut for doing something I could do manually but I'm super lazy and it's a percentage of not much money anyways.
[0] https://wealthsimple.com https://wealthsimple.com or https://wealthsimple.com/invite/FCU4AG https://wealthsimple.com/invite/FCU4AG if you want a referral link which gives you (and me) some extra discounts.
- tlight 8y agoThat's a pretty hefty fee when you compare relative to average annual returns. Plus the compounding nature of those costs is not insignificant. Jack Bogle (Vanguard) has a nice chapter demonstrating this in "The Little Book of Common Sense Investing".
- mabbo 8y agoIt is. But like I said, I'm really lazy, haha. It works out to a few hundred dollars per year for me, which I'm willing to pay. There's also discounts for referrals which helps lower it.