/biz/ - Business & Finance

>>24150619
wealthsimple trade
-> can't hold a USD side to your account
-> lose a whopping 1.5% (exchange rate fee) when you buy any US stock on it. Lose ANOTHER 1.5% when you sell
that is NOT worth $0 commission fees. Anywhere else you can use the DLR.TO -> DLR.U vice versa trick to bypass the exchange rate fee

if you're just using it for canadian tickers, that's fine.. but what canadian tickers would you even want to buy? The Canadian ETFs that are basically QQQ and SPY are also fucking terrible for long term because they charge you an expense ratio even when all their holdings are literally just QQQ or SPY

can you imagine the audacity of an ETF manager charging you an expense when their holdings are pic related??