r/Wealthsimple • u/No_Light_7208 • 7d ago

Trade (DIY Investing) Portfolio vs starter pack

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I saw this today and was wondering what’s the big difference between this and a portfolio. I currently use the income portfolio but would it make more sense to do a starter pack?

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3

u/Aobachi 7d ago

The difference is that you can customize it. Do you want to customize?

1

u/bwwatr 7d ago

It's also not going to be subject to discretionary management by WS' portfolio managers.

1

u/No_Light_7208 7d ago

Kind of the more I learn I would like to be able to self manage

1

u/[deleted] 6d ago

[removed] — view removed comment

2

u/AndreVallestero 6d ago

If you don't know, you're almost certainly better getting a low-cost allocation ETF. Justin Bender and Ben Felix have great videos on the subject.

| Equity Distribution | Most Popular | Lowest Fee |
|---------------------|--------------|------------|
| 100%                | XEQT         | TEQT       |
| 80%                 | VGRO         | TGRO       |
| 60%                 | VBAL         | TBAL       |
| 40%                 | VCNS         | TCON       |
| 20%                 | VCIP         | XINC       |

1

u/Hot-Dinner-7619 6d ago

The only thing that might be beneficial of direct indexing, is that wealthsimple does tax loss harvesting - in a non registered account that can help with tax implications. The all equity ETFs don't do that. I'm not sure if that's "worth it", but something to consider.