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Wealthsimple CASH.TO
Main Post:
I am new to investing in Canada. I am investing my FHSA with CASH.TO via Wealthsimple. I want to know if this is the correct etf since the returns shows very less for 5years
Top Comment: The returns aren't from the price of the security itself. It's a fixed ETF that gives a monthly dividend. Your returns are from the yield, not from increasing value of the ETF
Wtf is CASH.TO
Main Post:
Someone want to give me the lamen terms of what it is and what it does? What are the perks and drawbacks?
Top Comment: CASH.TO takes your money, finds the highest interest paying saving accounts and puts your money in those HISA savings account, any interest they earn they pay you. The ETF takes a small fee. Makes it easier for you to hold savings without moving in and out of different banks.