Introduction

Long-time listeners of the show know that I am always on the hunt for personal finance and investing tools that actually work for us Canadians. Too often we hear about some great tool or resource and then it turns out that it’s only for those in the US.

With that said, I wanted to bring on two CEOs today. The first is from a tool that I’ve been using and been hooked on for years now, which essentially automates any rebalancing that I have to do in my portfolio (so I don’t have to do the tedious data entry into a spreadsheet anymore to calculate how much of each ETF I have to buy every time that I have some money to invest).

One thing that I recently noticed is that I almost never log into my Questrade account anymore, because I would much rather just buy the investments right within one tool for all our accounts, whether it’s my account, my wife’s account, or our kids’ RESP, instead of having to log in and out of each account and doing the trades and calculations manually.

The tool and company that I’m talking about is Passiv. The CEO and our 1st guest today is Brendan Lee Young, and you can actually use Passiv for free, over at BuildWealthCanada.ca/free. They integrate with different Canadian Brokerages out there like Wealthsimple Trade for example, but if you’re a Questrade user like me, you actually get their Premium account for free, so that you can do the trades right within the tool and make your portfolio more tax efficient right from within Passiv.

Our second guest CEO is Alex from Global Predications which is a tool that I just recently heard about that is now available in Canada. I’m in the process of trying it out now. Some of its main functionality is that it can help find risks and problem areas within your investment portfolio, give suggestions on how to improve your portfolio, and let you visualize your net worth using all your assets (instead of just your investment portfolio). And, if you want to check them out, their Canadian page where you can get a free account is here. 

I thought we could have an interview to discuss some of the tools available to us Canadians, and as a bonus, what’s really neat is that Passiv actually has a way for you to share what investments you’re holding with others, so in this episode, I also provide a link to my portfolio in Passiv so you can see exactly which ETFs I buy, and what my asset allocation is in terms of bonds vs stocks, and in terms of geography (so how much I have in Canada vs US vs International).

I hope you enjoy the discussion!

You can learn more about Passiv and get a free account here.

You can also see my asset allocation and what ETFs I buy using Passiv here.

Here is the Global Predictions page where you can get free access, specifically for Canadians. FYI, this page is specifically for Canadians so you'll find it more relevant than just going to globalpredictions.com (which is the US version).

A big thanks to Shopify for sponsoring this episode. You can get a free 14-day trial of Shopify here.

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