Below are recommendations for products and services I like:
Investing
- WealthSimple: As they say, it’s “Investing on autopilot”. Ideal for beginners who want to get into investing and build a hands-off portfolio of low-cost globally diversified funds, or for those that just prefer to do other things than worry about their investments.
- Wealthica: A secure way to track all your investments and progress in one place, including net worth, dividend, distribution (from Real Estate Investment Trusts (REITS) for example), and interest income, etc. They also produce handy visuals so you track your financial independence goals in a visual way. (I use Wealthica everyday and I highly recommend it for my Canadian friends/readers. Use my promo code: WDDividendDaddy10 and get 10% off the yearly premium subscription).
- Questrade: A solid platform for investors looking to purchase individual stocks and ETFs. Fees are low to purchase stock compared to higher fees traditionally found to purchase shares through traditional big bank platforms and ETF purchases are free.
Personal Banking
- Simplii Financial: Tired of paying monthly fees for chequing accounts and paper cheques but still want easy access to bank machines at no cost? Simplii Financial allows unlimited bank machine transactions at CIBC bank machines and no cost banking.
Reading
I have read more online when it comes to investing and financial independence but there are a few books I’ve read and would recommend:
- The Wealthy Barber
- Retirement Income for Life: Getting More Without Saving More
- Rich Dad Poor Dad
- Your Money or Your Life
- The Simple Path to Wealth
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