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Why I Pick My Stocks: Self-Directed Investing

I use Wealthsimple. It's a good platform for Canadian Beginner Investors - you give them your money, and they'll take care of the rest. Wealthsimple is a "robo-advisor", but I think it's more of an advanced version of mutual funds. But I like them because they provide more transparency on how they invest your money (and the fees they charge).

Time is the most valuable asset. There is nothing wrong in paying someone to do the research and investing for you.

Unfortunately for me, I've fallen down the rabbit hole, that is self-directed investing at Wealthsimple Trade and Questrade (Offer code: 516515153439155). I enjoy it though. It's like playing a simulation game like SimCity. The only difference is I'm dealing with real life, so I can't take it lightly. There is no save or load option after all.

But perhaps I'm one of the lucky ones. There's just so many materials, guides, and how-to's out there that it's almost impossible to lose unless you don't take it seriously. Plus, you have the freedom to choose. You have full control of your finance and define your destiny. You get to pick who you want to support or not. If you want to get rich, you can do it slowly with mutual funds or robo-advisors. But if you want to get rich quick, then you need to pick the winners and beat the market.

And that's why I pick my stocks (and ETFs) - it's risky, but it's worth it.


mapleleaf