How to Rebalance Your Investment Portfolio For 2025
What is portfolio rebalancing, and should you do it? If so, then how and when? We cover everything you need to know.| Million Dollar Journey
Helping Canadians with Personal Finance Since 2006 Learn how to save money, build an investment portfolio, and become financially independent - from a middle-class Canadian who has actually done it! Get Started Index Investing Dividend Investing Banking Robo Advisor Retirement Portfolio Smith Manoeuvre Tax Minimization Reviews Credit Cards All Categories As Featured On Toronto Star Forbes CBC The Globe and Mail Global The Financial Post Most Recent Articles all Articles Best 2025 Broker Promo...| Million Dollar Journey
What is portfolio rebalancing, and should you do it? If so, then how and when? We cover everything you need to know.| Million Dollar Journey
What is RBC InvestEase? Some people prefer to stick with the familiar and trusted, especially when it comes to choosing a robo advisor - and if this sounds like you, RBC InvestEase could be a good fit. Offered by one of Canada’s most well-known banks, RBC InvestEase offers clients the ability to dip their toes in passive investing while sticking with a tried and true financial name. In this RBC InvestEase review, we’re taking a look at how it compares to the best robo advisors in Canada s...| Million Dollar Journey
After writing a deep dive article on whether the 4% safe withdrawal rate still works for retirement at various ages, I received a lot of questions basically asking: “Ok, so 4% is a good rule of thumb, but when I actually go to withdraw money from my various investment accounts, to put into my chequing account & high interest savings account in order to pay for day-to-day expenses, what is the best way to avoid taxes?” Upon reading many of these types of questions, I realized that I wasn...| Million Dollar Journey
I’m a huge fan of robo advisors, and BMO’s robo advisor: SmartFolio is no exception to that. If you’re not familiar with robo advisors the basic idea is that you will determine your overall risk tolerance, and that BMO will set you up with an automated portfolio using big broad index funds that spread your investment risk out over thousands of companies and bonds. For example, the average Canadian 45-year old investor might fit pretty well into a portfolio that is 60% equities and 40% b...| Million Dollar Journey
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler. I gotta say that I really liked the company more in its first few years than in its current iteration. For the first five years of its existence, Wealthsimple was solely focused on the product that is now known as Wealthsimple Managed Investing. Some people called this a “robo advisor,” others called it a “automated wealth manager” – whatever you wanted to call it, Wealths...| Million Dollar Journey
Why Justwealth? As I’ve updated my Justwealth review over the years, they have risen from a solid-but-not-elite option to the best robo advisor in Canada. How did they do it? By focusing on what matters. Frankly, while Justwealth has made great strides in the way their website looks, they still aren’t the most aesthetically-appealing option out there. They aren’t taking your money and paying a giant team of coders to make and update some beautiful app or clever TV marketing campaign. ...| Million Dollar Journey
Now that we’re trading the dog days of summer, for the cool crisp autumn air, Canada’s robo advisors are rolling out some very tempting seasonal promos for Canadian investors. Justwealth is leading the pack with a cash bonus of up to $500 for new accounts – the best robo advisor offer we’ve seen yet! Even with more Canadians waking up to the high fees and lacklustre results of the big bank mutual fund model, too much of our investment money is still stuck in those traditional fee-suck...| Million Dollar Journey
Canada’s all-in-one ETFs (also called portfolio ETFs) have been the single most important investment product innovation since I’ve started writing about this stuff nearly two decades ago. The Vanguard, iShares, and BMO all-in-one ETFs are the perfect marriage of index investing strategy, convenience, asset allocation math, and behavioural safeguards. These ETFs - which are actually a collection of smaller ETFs - are so diverse that they actually include several of the Best ETFs in Canada,...| Million Dollar Journey
