It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.
I know that CASH.TO is terribly trendy, but I also want to remind you that there are alternatives!
HISA.NEO, NSAV.NE, PSA.TO, and CSAV.TO work exactly the same way and may even offer a slightly higher net rate after fees.
There's also HSAV.TO, which reinvests the interest rather than distributing it, effectively converting it into capital gains. However, due to a technical reason, it is currently valued significantly above its true value ($0.46 as of this morning). It could be a smart fiscal move in the medium to long term, but I don't recommend it unless you fully understand how it works and what you stand to gain or lose.
It would still be convenient to have a generic name to group these ETFs together...
PS: I included links to the issuers for each ETF for those who are curious.
I have money in wealthsimple for the past 3-4 years and it's been in the negatives pretty much since the start.
The money I put in sp500 since then has grown. (Voo)
Generally speaking, is it better to wait until money in a managed account breaks even before flipping it over to sp500 or cut my losses on the managed account and just put everything in some etfs
It's strange: while I don't like Wealthsimple uninterrupted tinkering with their portfolio, I am surprise you're getting results this bad. VGRO is up more than 20% from 4 years ago. Are you sure your risk profile is high enough?
Anyway you don't necessarily need to wait to break even to move to an other investment: while it would look better, you may have to wait for a long time, so you could miss the performance of your planned investment in the meantime. I'f rather go with XEQT/VEQT than a SP500 ETF though.
I think that was my problem. My risk Level was 5. I had dropped as low as -20% and am still at -10%.
I did recently switch over to higher risk, though. The main reason I didn't was because I wanted to use some of these investments within a few years so low risk was what they recommended.