Setting Up Automated Investing in Wealthsimple (Plus Debt Payoff & Travel Compensation Wins)
About this episode
Jess and Colleen discuss automated investing in Wealthsimple, share personal financial wins, and explain key investment concepts.
In this episode of TGIF: Two Girls Investing Friday , Jess and Colleen catch up and share some massive weekly wins! One paid off a huge chunk of personal debt in about three months by focusing on lowering credit utilization and tackling higher-interest balances, while the other successfully claimed airfare compensation after an overnight delay (pro-tip: delays over three hours may qualify!). They then walk through setting up automated, recurring investments in a Wealthsimple RRSP to help reduce taxable income, explaining ETFs and key index concepts along the way. Using examples like VFV (Vanguard S&P 500 ETF), VDY (high dividend Canadian ETF), and adding XAW (global equities), they demonstrate exactly how to select “buy on a schedule,” choose your frequency and start date, and ensure your purchases occur inside an RRSP or TFSA rather than a non-registered account. Finally, they preview a future episode on investment options and portfolio considerations so you can keep building your confidence! Note: In the episode, we refer to a global ETF excluding North America as "VI"—the correct ticker symbol is VIU ! Connect with us on: TikTok: @twogirlsinvesting Instagram…
People in this episode
Hosts: Jess, Colleen
Topics covered
- automated investing
- debt payoff
- travel compensation
- Wealthsimple
- ETFs
- index investing
Keywords
- automated investing
- debt payoff
- Wealthsimple
- ETFs
- travel compensation
- investment strategy
Mentioned in this episode
Organizations: Wealthsimple
Products: VFV, VDY, XAW, VIU
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- Gamifying your Debt, One-Income Security & Private Equity for Beginners
- Hidden Rental Costs, Business Expenses & is the FHSA Right for You?
- You've Maxed out Your TFSA, RRSP and FHSA...Now What?!
- Canadian Investing Made Simple: TFSA, RRSP, ETFs, REITs & Tickers Explained
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