Wealthsimple Invest is a Canadian Android application for building an investment portfolio in a quick and easy way. This highly automated service is perfectly suitable for beginners.
Even if you are not a financially savvy person, this utility can help you to create a balanced low fee portfolio in a matter of minutes. It is possible to start with as little money as you want and gradually increase your investments to reach your goals. The tech suggests ETFs to increase the outcome and reduce the risk to the minimum. If you prefer to take full control and decide for yourself, you may try the Wealthsimple Trade app instead.
To save you time and effort, the system offers several convenient tools. Firstly, you can set up automated periodic deposits. Another option is to invest your spare change. Each time you make a purchase, the application rounds the charge up to the nearest dollar and puts these cents to work. Additionally, the utility is able to reinvest dividends and rebalance the portfolio for you.
Safety obviously plays an important role in the world of finance. Wealthsimple Invest uses various security mechanisms like bank level encryption to keep your money safe. Moreover, all accounts are protected by CIPF.
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