Automating Your Investment Portfolio and Sticking to Your Plan

Automating Your Investment Portfolio and Sticking to Your Plan

Today we’re going to cover how you can best automate the management of your investment portfolio, while still paying the lowest possible fees. We also share best practices when it comes to sticking to your investment plan.

To help us discuss this, I have Brendan Wood on the show who is one of the founders of Passiv, a Canadian fintech company that builds tools for DIY investors.

I’m a long-time user of their tools and they’ve saved me many hours of tedious work when managing my portfolio. So, I thought it would be great to have him on the show especially since Canadians can now get the premium features of the tool for free.

How to Get the Premium Features of Passiv for Free:

For new Passiv and Questrade Users:

1. Go to getpassiv.com

2. Sign up for a free account

3. Follow the prompts to connect your Questrade account to Passiv

4. Accept the upgrade offer that is presented

For existing users, the process is:

1. Open the Passiv app at getpassiv.com

2. Go to Settings

3. In the Subscription panel, click the button to get the free upgrade (you must have a Questrade connection already to see this)

Questions and Discussion Points Covered:

  1. I’m excited to share how I use Passiv because it’s saved me many many hours at this point and makes checking up on my investments super convenient. But, I’m curious to hear from you how others are using it. Are there certain features or use cases that you see being used most often?
  2. What are some of the new features that we now have access to and how should we best use them?
  3. Using limit orders vs market orders when buying investments?
  4. What’s important to look at when examining the performance of your investment portfolio?
  5. Dealing with different currencies when investing. What is the cheapest way to convert currency if we want to buy US-listed investments?
  6. What is dollar-cost-averaging and your thoughts on using it, especially when the markets are volatile?
  7. The impact of COVID-19 on investors. What have you noticed?
  8. Investing during down markets.
  9. Speculating on markets vs specific companies, and what to do when getting a “hunch” as to where the markets are going.

Links and Resources:

You can learn more about Passiv and get access to the premium features here: getpassiv.com (the premium features are now free for Questrade users).

You can check out the Passiv Blog here: getpassiv.com/blog

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