WealthSimple Direct Indexing - closed
I’ll lead with there is nothing wrong with these funds (Canadian or US indexing) and they performed exactly as expected.
Back in October last year I decided to utilize the direct indexing funds WealthSimple released to park money I have set aside for my son. Benefit being I could utilize the automated tax loss harvesting.
Since then priorities have changed and personally I’m more focused on Margin distributions rather than the pennies saved at tax time with the tax loss harvesting.
When you use direct indexing funds the capital isn’t counted as part of your available margin buying power so that doesn’t work for me anymore.
Funds will be settled on Monday and I’ll go back to investing in ETFs for my son’s future financial needs.
With the increased Margin buying power I’ll increase my current CC holdings to maximize distributions while keeping an eye on not going over 50% margin used.
