How To Use Wealthsimple Trade Step by Step Tutorial

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=TvafpOlAH-Y

I will show you how interface looks like, how to open an account, how to buy and sell shares, and will give you free shares valued up to $4500. • ► Get 2 FREE stocks up to $4500 with Wealthsimple: https://bit.ly/3kzztaD • ► My 179 Companies Watchlist: https://bit.ly/3cbWL3f • ► Book FREE 15 Minutes Call The Power of Investments : https://bit.ly/3kvL36C • ► Download my FREE eBook about Investments: https://bit.ly/2FL2UHI • ► Follow Me On Instagram: / artemdkrv • Today I will teach you how to use Wealthsimpe Trade in 2020. First, you will need to download it. And you need Wealthsimple Trade, not Wealthsimple Invest. • After downloading Wealthsimple Trade App, you will need to open your Investment Account. This literally takes no more than couple of minutes. • Wealthsimple Trade also offers you 4 different investment accounts types at this moment. If you are from Canada you will see Personal, TFSA, RRSP, and Crypto among the options. Initially, when you register with Wealthsimple Trade, Personal account is opened. Which means that every time you receive dividends or you realize capital gains, aka when you sell a share for higher price than you bought it for, taxes are triggered. • TFSA on the other hand is much more interesting. You don’t need to pay taxes at all. Yes, you heard me right. No taxes on investments if you are using TFSA account. • RRSP on the other hand is Registered Retirement Savings Plan. And you can contribute pretax money into it, lowering your taxes as a result. There are contribution limits as well, and as soon as you withdraw money from RRSP account, then you are taxed. • And finally, Crypto account allows you to trade Cryptocurrencies. I already made a video about it and here is the link: • How To Use Wealthsimple Crypto - Step... • Next, in order to buy some shares, you need to fund your account. Think about it as your debit card. In order to swipe it and spend some money, you need to have money in your bank account. Same thing with investing. If you want to buy stocks in Wealthsimple Trade, this is what you need to do. • Tap on the magnifying glass in the top right corner and this is where you can search stocks. You can either enter full company name or its ticker symbol if you know it. For example, Tesla or TSLA. And as soon as you are ready to buy, just tap this huge “buy” button at the bottom, select which account you are using, then input amount of shares you want to buy and that’s literally it. • This is how you sell shares. Go to your portfolio, which by the way is located literally on the home screen under the graph. Select a company which shares you want to sell, tap “sell” at the bottom, select from which account you want to sell them, and select the amount. • One thing to mention, whenever you are buying or selling shares, you can see “market buy” or “market sell” at the top. These are order types. That’s basically the way you purchase or get rid of your shares. And I will make a video about them later in the future as well. But for now, “market buy” or “market sell” is more than enough. Long story short, it means that you will buy or sell shares as soon as possible. • And one more thing, stock markets have their own hours. Which are from 9:30am to 4pm for NYSE, NASDAQ, AND TSE. If you place an order during these hours, most likely it will be executed within seconds. But if you place an order outside these hours, you’ll need to wait until markets open so that your order will be executed. And don’t worry, you don’t need to do it manually. Just place an order and forget about it. • Speaking about withdrawing money, this is how you do it. Go to “Funding” tab and tap on “Withdraw funds”. Once again, select from which account you want to do it, select the amount and confirm. The money will arrive into your bank account that you have connected with Wealthsimple. And it also takes a couple of days before your money settles. • Finally, the least interesting, but one of the most important parts of investing. Taxes. Unless you are investing through TFSA, you’ll need to report and pay them. But don’t worry. Wealthsimple takes care of this as well. As always, open the menu on your left, then tap “accounts” and select an account that you need tax documents for. Closer to the tax season, Wealthsimple will prepare everything you need to file taxes. Simply download the documents you need and bring them to your tax professional or file them yourself. And once again, if you are investing through TFSA only, there are no taxes involved.

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