Money Diaries
How to Go From Working in a Steel Mill to Being the Highest Paid Actor on TV
Wealthsimple Magazine
Conversations with geniuses and weirdos, help with investing and taxes, and stories that help you understand the big strange world we live in
Money Diaries
Anthony Bourdain
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You May Have to Pay Taxes on COVID-19 Benefits
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Economic Freakout 2020: The ‘What Now’ Edition
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How Do You Invest When Interest Rates are at 0%? A Wealthsimple Guide
Finance for Humans
Friends with Money: Playwright Jeremy O. Harris
Money Diaries
Crypto Quiz Part Two: The Flippening
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News
The latest news from Wealthsimple
Building a Better Wealthsimple: A Diversity & Inclusion Update
It’s the start of a new year, and it’s a good time to check on what we’re doing to make good on the promises we made last year to be a more diverse, inclusive company. Here’s where we are.
The Best Path to Financial Literacy? Build Products People Actually Understand
It’s Financial Literacy Month, which means banks and other institutions will trot out apps and courses to help people learn more about how to manage their money. But they won’t address the real problem: their own needless complex and opaque products.
Wealthsimple Crypto Is Here!
You can now buy and sell Bitcoin and Ethereum with Wealthsimple Crypto. Here’s how it works, how to sign up, and everything else you need to know.
Wealthsimple Has the First Regulated Crypto Trading Platform in Canada. But What Does That Even Mean?
Wealthsimple Has the First Regulated Crypto Trading Platform in Canada.
We Were Not Living Up To Our Principles. Here's What We Are Doing About It
We believe Black lives matter. We are committed to building a more diverse team, and to supporting our Black communities.
We Made an Even More Socially Responsible Portfolio
Introducing Wealthsimple’s new SRI funds. We designed them to be the most effective, low-cost, and, yes, socially responsible ETFs in Canada.
We Built Our Portfolios to Protect Your Money In a Downturn. Here's Why it Worked
Our new portfolios outperformed our old portfolios (not to mention Canada’s largest mutual funds). Of course, no one should focus on short-term performance, but a look at why these changes worked will help you understand why not all diversification is created equal.
How Do You Bring Financial Power to the People? It’s Kind of a Good Story
Why are we telling the story of where we came from now? Because it’s got a lot to do with where Wealthsimple is going.
Welcome SimpleTax, the Newest Addition to the Wealthsimple Family
If you love SimpleTax (or don’t know you love it yet) you’ll be thrilled to know it’s now another way Wealthsimple is making your money life better.
The Wealthsimple Experience Is About to Get Even Better
When you log in to Wealthsimple in the next week, things are going to look a little different. Our new experience gives you a clearer picture of where you are, so you can make better decisions about where you want to go.
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Money Diaries
Candid money stories from interesting people
How to Go From Working in a Steel Mill to Being the Highest Paid Actor on TV
Ed O’Neill made his career during the era when networks dominated TV, starring in “Married... With Children” and “Modern Family.” He also gives a stunning performance in the recently released film “The Last Shift,” a new comedy about working-class life. He opens up to Wealthsimple about earning $300 a week in a steel mill in Youngstown and getting a $3-million bonus in Hollywood.
Karen Russell: A Brutally Honest Accounting of Writing, Money, and Motherhood
The novelist didn’t realize how fervently society wants to turn us into calculators — every action has a payment or a fee — until she had her first child. Here she reckons with motherhood’s ticking meter: every minute with her kids is work lost, and each minute writing subtracts from precious, un-price-able joy.
Friends with Money: Playwright Jeremy O. Harris
In the second installment of her series, Tori Sampson talks to her friend from grad school, who has become a TV writer with an HBO deal and the author of the play that this year received the most Tony nominations ever.
Friends with Money: Comedian Sam Jay
In her interview series Friends with Money, playwright and writer, Tori Sampson, talks to people she knows (and some she doesn’t) about money, what it’s like to have it and to be without it. Here, in her first installment: stand-up comedian, Saturday Night Live writer, and star of the Netflix special “Sam Jay: 3 in the Morning”, Sam Jay.
Joel Kim Booster Was in Massive Student Debt Until Last Year
Before he was cast in Sunnyside or had a Comedy Central special or wrote for Billy on the Street, he was raised working class in Illinois, saddled with huge student debt, and worked marathon hours doing customer service for Groupon. Joel Kim Booster shares his money story.
Tynomi Banks’s Big Break Was Probably Getting Fired From a Corporate Job
On the heels of her elimination from Canada's Drag Race, the world-class drag performer talks about inequality in the drag world, her mother’s lessons in hustle, and drag during the time of covid.
Stories From Our New Economy: Bullish on Bidets Edition
Our new Money Diaries series tells stories of humans whose lives have been upended by this crisis. In this edition we meet four businesses (the owner of a bunker company, a bespoke distiller, a day-trading celebrity, and a bidet magnate) that took unexpected turns.
Alison Roman Is the Patron Saint of Home Cooking and Everyone’s at Home
She always wanted to cook and never thought much about money. But life gets strange when everyone’s wondering what to do with half a pound of broccoli and some dry kidney beans and you know the answer. The chef and cookbook author on her pandemic money story.
Pandemic Money Diaries — Panic at Trader Joe’s Edition
Our virus-era Money Diaries series tells stories of humans whose lives, financial and otherwise, have been upended. In our first edition: a grocery clerk, a weed dealer, the author Jon Mooallem, a restaurant manager, and a male escort.
Cult Animator Carson Mell Decided Making Stuff Was More Important than College
The maker of the underground hit “Chonto,” writer on “Silicon Valley,” and author of "Cherry on Top" took a circuitous route to Hollywood success. A route that ran through the grocery store deli counter.
Featured Topic
Finance for Humans
How to be a better money person
How To Pick a Charity That Does The Most Good
You have until December 31st to make a tax-reducing contribution to a charity. But not all charities are created equal. Some are inefficient, or ineffective, and some are even scams. Here are four simple ways to make sure you’re giving to the right one.
How Do You Invest When Interest Rates are at 0%? A Wealthsimple Guide
Interest rates are historically low. Savings accounts earn almost nothing. So how do you help your money make money? We get slightly nerdy with Ben Reeves, Wealthsimple Chief Investment Officer.
You May Have to Pay Taxes on COVID-19 Benefits
And seventeen other things you need to know to do this tax season right.
Crypto Quiz Part Two: The Flippening
OK, so you passed our first quiz and know that hodl is not short for “hot noodle.” Now, in part two, it’s time to find out whether you know if a flippening is a hairstyle or if Mt. Gox is a ‘shroom spa.
The Crypto Quiz! (Part 1!)
How well do you know crypto terms? Test your skills, grill your Zoommates, and become a world-champion cryptographer with our first ever crypto quiz.
Ask Lizzie: Can I Stop Being Friends With Rich(er) People?
This week, our columnist talks to a reader who is fed up with people who have more and is wondering if it’s ethical to just erase them from your life.
The Five Worst Reasons to Be Trading Crypto
Wealthsimple Crypto is Canada’s first regulated crypto exchange. But that doesn’t mean everyone should use it.
The Best BIPOC Money Sites in Canada
Enoch Omololu, whose Savvy New Canadians is one of the best financial resources for immigrants in the country, thinks BIPOC communities are still underserved when it comes to money advice. Here are his favourite sites, and the ones he wishes existed.
Help! This Is a Super BFD!
How do you make a Big Financial Decision (BFD) — like buying a house or starting a business or selling an asset — in the middle of a hurricane of uncertainty? Here’s a guide to deciding (and deciding if you should decide) in a time when no one wants to.
Dear Ms. Etiquette: I Want to Give Money to What’s Important, But I’m Worried About My Financial Future
Our columnist takes on balancing a real fear for your future with a real desire to do good for others.
Featured Topic
Money & the World
How money shapes the world we live in
The Market Value of My Father
When the novelist Joshua Ferris’s family blew up, his mother revealed a truth: his father was worthless, a con man. A bad investment in their lives. But years later, a mysterious book about Wall Street showed up—a gift from his father—that began to change the story.
How to Buy Fleeting Moments in Sports History
Digital collectibles may bring crypto and blockchain to the masses, one LeBron James moment at a time.
The Code That Controls Your Money
COBOL is a coding language older than Weird Al Yankovic. The people who know how to use it are often just as old. It underpins the entire financial system. And it can’t be removed. How a computer language controls the financial life of the world.
The Election-Betting Market Was Smarter Than the Polls. Here’s How it Works
Did you know that you could have bet on the presidential election? And that the market couldn’t have been more nuts in the past few days? Here’s an annotated conversation with Brandi Travis, spokesperson for PredictIt, about what happened in one of the wildest weeks of political betting ever.
Economic Freakout 2020: The ‘What Now’ Edition
As the pandemic rages on, and government stimulus winds down, and an important election looms, we channel our anxiety into a desperate interrogation of Ben Reeves, Wealthsimple’s chief investment officer. On the agenda: interest rates, gold, the end of the world, and whether it’s all going to be OK.
How to Get Rich (or Go Broke) By Buying Pretend Sushi
Welcome to DeFi, a bizarre corner of the crypto world some people think will replace the financial system, but right now is a place where people speculate on weird assets named after food. Our guide to what it is, why it matters, and where you can get some digital spaghetti.
Why Are Stock Market Numbers So Wacko Right Now?
Because the stock market isn't the economy. Ben Reeves, Wealthsimple’s Chief Investment Officer, explains why things like unemployment are so terrible while the stock market has spent the past months at or near record highs.
The Long-Term Economic Disaster of Cash Bail
We spoke to Robin Steinberg of The Bail Project and Colin Doyle from the Criminal Justice Policy Program at Harvard Law School about how the cash bail system fuels and funds mass incarceration — and how it wreaks havoc on society.
We Asked Our Resident Stock Market Genius About the Animal Crossing Economy
Is the economy built by the creators of Animal Crossing functional? Can you learn anything about the actual economy from it? Will a boar come and deliver turnips to us in real life anytime soon? We turned to Ben Reeves, CIO of Wealthsimple, to help us understand the world (both virtual and real).
What the Hell is Actually Going on in the Economy Right Now?
A conversation with Wealthsimple’s Chief Investment Officer and resident economic genius about what’s happening in the market, how crazy things could get, and what you can do about it. (Hint: help everyone stay healthy.)