Help With Managed Portfolios by WealthSimple.
Long story short, 50-year-old, retired
Me - 3 million invested in the market (Margin and tfsa)
Wife - 2 million - (Margin and tfsa)
Total invested: 5 mm
Currently with an investment firm, costing 30-33k a year in fees for both accounts
In the last 3 years, 8.5% on average year
I withdraw 11k monthly + due taxes every year( 30k +-)
I'm thinking it doesnt worth the price/returns
What kind of portfolio should I have? Will the managed portfolio by Wealthsimple be another trap? Or should I go with balanced Summit?
Anyone with experience , with this kind of capital invested? And Retired?
u/Broad-Candidate3731 — 13 hours ago