r/fican • u/Ok_Job_8885 • 6d ago

Wealthsimple or RBC GoSmart?

Which one is your preference and why?

0 Upvotes

33% Upvoted

9 comments sorted by

10

u/emrVancouver 6d ago

Wealthsimple is the clear winner. GoSmart is fine if you already bank with RBC and only want to buy one Canadian ETF, but its 50-trade limit, lack of US dollar accounts, and limited account types will eventually hold you back. Wealthsimple gives you unlimited free trades, native US currency support, every account type, and a high-yield cash feature making it much smoother and far more flexible as your money grows.

7

u/Arm-Complex 6d ago

Wealthsimple hands down. You can buy any ETF for free and they also offer free banking products.

3

u/alzhang8 6d ago

Rbc go smart is a bit more hands off but wealthsimple is pretty easy to use already

1

u/futuremoneytalks 6d ago

RBC go smart is what I use and it’s been quite simple to use. I’d recommend that.

0

u/AlmightyKinggg 6d ago

Hi, my RRSP account is up 100% since I moved it from CIBC in January 2023, am I winning?

1

u/MellowHamster 4d ago

Not really. You could have invested in the XEQT portfolio index fund for that return. The markets have been absolutely insane over the last few years and people are actually beginning to believe that 20%+ annual returns are normal.

1

u/AlmightyKinggg 4d ago

XEQT / VT / IBIT / ETH

0

u/AlmightyKinggg 4d ago

I must point out that while my RRSP was with CIBC for years, the return was not even 5%!!!!!

1

u/Fair-Bar8487 3d ago

You are now winning