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Wealthsimple Magazine
A money magazine for people who care about more than money
Conversations with geniuses and weirdos, help with investing and taxes, and stories that help you understand the big strange world we live in
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"UNTIL 44 YEARS OF AGE, I NEVER HAD ANY KIND OF SAVINGS ACCOUNT. I’D ALWAYS BEEN UNDER THE GUN. I’D ALWAYS OWED MONEY."
Anthony Bourdain
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Ask Lizzie: Is it OK if I Use Shopping to Make Me Feel, You Know, Happier?
Finance for Humans
How & Why to Break Up with Your Financial Advisor
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There Were No ETFs For Islamic Investors in Canada. So We Built One
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The Financial Life of a Minor Character on “Friends”
Money Diaries
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The latest news from Wealthsimple
Listen to Our New Podcast!
We call it the Wealthsimple Magazine Podcast. How did we come up with the name? We’ll explain, but the short answer is: high-priced naming consultant.
Introducing: Fractional Shares on Wealthsimple Trade
When is one-seventeenth greater than one? When it means you can trade a slice of a share (instead of buying the whole damn thing) on the only Canadian trading platform to offer fractional shares of US and Canadian companies.
Building a Better Wealthsimple: Our Diversity & Inclusion Update
Part of our commitment to creating a better, more diverse and inclusive company is to report our progress throughout the year. Here’s where we are today — the progress we’ve made and the places we have more work to do.
Announcing: Wealthsimple Crypto, Now With Tons of New Coins!
Interested in Uniswap, Aave, or Dogecoin — or just generally buying and selling more types of crypto assets? Well, now you can. Here’s how (and what it all means).
The New Wealthsimple Giveback Program: Save For Your Child, Give to a Child in Need
Now when you open or contribute to an RESP account through Wealthsimple, you’ll help children in need save for their futures too. It’s like two good deeds in one super-smart account.
There Were No ETFs For Islamic Investors in Canada. So We Built One
To make Canada’s first Shariah-compliant ETF, we started with our smart investment strategies and added stringent filters to make sure every company we invest in fits with Muslim values.
We Raised $750 Million. We’re Using it to Make Money Easier for Everyone
It may be the largest tech investment ever in Canada. And it’s not just a huge vote of confidence, but a challenge to revolutionize the finance industry on behalf of all of us.
Introducing: Wealthsimple for Work
What if you could replace your glitchy, high-fee, cumbersome retirement plan at work with something like Wealthsimple Invest? Well, now you can. And we want to give you $1,000 to spread the word.
Announcing Canada’s First 🔥 Way to Pay Your Friends Instantly
Download the new Wealthsimple Cash app, and seven seconds later you can pay rent, split the bill, or settle up with the dog-walker in an instant. And it’s totally free.
How Wealthsimple Trade Didn’t Break During GameStop
Lots of trading platforms went down during the meme-stock bonanza. Why didn't Wealthsimple Trade? We sit down with Karney Li (CTO) and Dominique Simoneau-Ritchie (VP of Engineering) to learn how you can grow by 1,000% without blowing up.
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Money Diaries
Candid money stories from interesting people
How 24kGoldn Went From Selling Shoes to Ruling Spotify
Twenty-year-old Golden Von Jones — AKA 24kGoldn — is a rap star and TikTok king. His single “Mood” has racked up a billion-plus streams and hit #1 on Billboard’s Hot 100, Rock, Alternative, and Rap charts — a first. The root of his success? Hustling sneakers.
Love and Crypto: The Hackatao Story
Just before their show at Christie's, the crypto-artist duo talk to us about money, marriage, and the blockchain.
Money Diaries: Pride Edition
For the last four years, our “Money Diaries” series has been all about telling truths. In honour of Pride Month, we share some of greatest conversations we’ve had with LGBTQ+ icons.
The UFC Won’t Pay You Fairly Unless You Make Them
And other life lessons from Georges St-Pierre, Montreal’s three-time UFC champion turned Marvel Universe actor.
The Financial Life of a Minor Character on “Friends”
It’s Joey’s agent, so maybe minor isn’t the word. But we talked to actress June Gable about acting, residuals, and whether she hit the syndication jackpot. Plus what it all meant to her.
The TikTok Economy, Explained by Snarky Marky
In 2020, he was just a college student living with his parents in Toronto when a TikTok he made went viral. Now he has 4.3 million followers and a one-person business. He tells us how it all works, down to the dollar.
It’ll Work Itself Out (It Actually Won’t)
He’d finally achieved what he’d always wanted. He was a writer, in New York, people knew his name. But under his bed was a plastic bin that contained — in the form of bills and notices — another man entirely. An addict and a debtor. And that man had come calling.
Money Diaries: The (Kinda) NSFW OnlyFans Edition
OnlyFans is a kind of digital revolution in sex work that purports to give the power to the workers instead of the overlords. @thatfatbabe, @chloevenom, and @andywithabig🍆 tell us the truth about life inside the naked social economy. (Warning: explicit content.)
A Man Known As Beeple Made $3.5 Million Selling His Digital Art in a Weekend
Meet Beeple. Born Mike Winkelmann in small-town Wisconsin. For thirteen years he’s been making digital art, often for free. Then, thanks in part to the technology that powers cryptocurrencies, he made $3.5 million selling his art in a weekend. He tells us his story.
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.
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Finance for Humans
How to be a better money person
Ask Lizzie: I Make Less Than My Partner and I Just Can’t Relax About It
This week, our columnist takes on inequality inside a relationship. Not to mention, gender, housework, and feeling good about where you are.
What You Really Need to Know About IPOs
The tidal wave of hype that comes with every initial public offering may spark your investing FOMO. But FOMO isn’t the best strategy. Here’s what you’ll want to understand before you jump in.
Learn to Speak Crypto: Lesson One
In our first installment, we’ll learn five terms that’ll help you understand not just the weird words the crypto-literate are using, but also crypto itself.
Why Most Socially Responsible Investing Portfolios Aren’t as Responsible as You Think
If you want to invest your values, it’s important to know just how your portfolio is built, how to pick an SRI fund that does what it says, and what no SRI fund in the world can accomplish.
Ask Lizzie: Is it OK if I Use Shopping to Make Me Feel, You Know, Happier?
This week, our columnist tackles the question of retail therapy, and whether it works. (It does! At least to an extent!)
The Five Worst Reasons to Be Trading Crypto
Wealthsimple Crypto now offers more coins and tokens than ever. But that doesn’t mean everyone should be trading them.
Inflation Panic 2021! What It Means, What To Do
Maybe you saw that inflation numbers were high (really high!) last month. Or that the market went down — and then maybe, so did your portfolio. Here’s how inflation works and what you should do about it.
How & Why to Break Up with Your Financial Advisor
They might be nice and have a cool business card and wear comfy sweater vests, but they are probably charging you four times more than they need to for things you don’t use. Here’s how to know if you really need your friendly neighbourhood financial advisor.
What is Wealthsimple and How Does it Actually Work?
What we do, why we do it, and how it works.
Ask Lizzie: Should I Keep My Inheritance If I Stopped Speaking to My Dad?
This week, our money (and life) columnist takes on grief, guilt and, of course, money.
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Money & the World
How money shapes the world we live in
We Discovered the True Identity of the NFT Artist “Pak”
In our latest podcast episode, investigative reporter Alex Palmer tracks down the elusive artist, interviews them, and wonders: what do you do when you know the answer to art’s greatest mystery?
The Wealthsimple Explainer: NFTs
NFTs are suddenly trendy, minting overnight millionaires letting people turn LeBron dunks into assets. But they’re actually more revolutionary than you might think. Here’s what they are, how they work, and why they’re important.
The Pandemic Economy: Why Parenting Inequities Make Mothers Leave the Workforce
Jessica Calarco, a sociologist at Indiana University, has been studying the effects of the pandemic on mothers. What she’s found is that entrenched inequities, when it comes to stuff like housework and parenting, have created an invisible employment crisis for women.
GME, Doge, Supreme: How Getting Rich Went Full Internet
The idea has always been that value — in stocks, art, precious metals, whatever — is inextricably tied to “fundamentals.” But it seems the internet changed that (hello, GME and Dogecoin!). Felix Salmon explains that if you want to understand finance now, you’d be better off studying Supreme than an annual report.
Data: Who Really Traded GME? Why? And What Happened to Them?
We dig into our own Wealthsimple Trade data to find out how traders behaved in the midst of the meme stock feeding frenzy. TL;DR: yes, meme stocks are kind of a bro-fest. But weirdly no, most people did not throw caution to the wind.
The Racial Wealth Gap Is a Problem
Wealth isn't just the money you earn at work — it points to the financial history of a family and a people. And our history is fraught.
Tesla Invested Billions in Bitcoin. But That May Not Be the Biggest Crypto News
What does it mean when a giant company parks billions in cryptocurrency? It’s a vote of confidence, sure. But maybe not the kind you’d imagine. We unpack what it means, who it’s going to affect, and what it portends for the future of Bitcoin.
Meme Stocks: How Old Regulations Kept Traders from Getting the Best Advice
The GME phenomenon made clear we’re in the midst of a revolution in retail trading. But we will also need a revolution in regulations if we’re going to make sure trading is as safe and fair as it should be, for everyone.
Super Bowl Ads Are Super Expensive. They’re Also a Better Deal
We pride ourselves on being thrifty and effective. So why did we buy some of the most expensive ads on TV? Because, dollar for dollar, it’s actually a better use of our money. We crunch the numbers to show you why.
We Fact-Check Theories About Meme Stocks and Online Brokerages
Brokerages stopped trading on stocks like GameStop, issued warnings when people tried to trade, and even had to raise billions to shore up their businesses. There’s a hurricane of misinformation about why all that happened. Here we weigh in on what’s true, what’s false, and what we just don’t know the answer to.
