Let technology handle your investing
Today's investing is as easy as letting technology do your housecleaning.
Just as my Roomba does its work in the background while I chat with a friend, an automated investment service can grow your money while you go about your daily routine, including while you sleep.
These companies use technology to make decisions on your behalf based on your personal goals — and you don't need a big pile of money to get started.
Investing in the stock market used to have a massive barrier to entry. You needed tens of thousands of dollars in savings before an investment firm would team you up with a broker, because the firms were most interested in making big commissions.
Today's automated investment services, or robo advisors, are more focused on making you money. And they don't require any minimum deposit before they'll go to work for you.
$0 minimum and low fees
For example, one of the biggest names in the automated investing game is Wealthsimple, which will allow you to start with $0 in your account. "No account is too small," says Michael Katchen, Wealthsimple's founder and CEO.
The company charges management fees of just 0.5% on for basic deposits up to $100,000, and only 0.4% on accounts over $100,000.
Fees at traditional mutual funds can amount to more than double what Wealthsimple charges.
"The difference may seem small now, but over time the savings compound," says Dave Nugent, Wealthsimple's chief investment officer. "A percentage or two difference in fees easily adds up to hundreds of thousands of dollars by the time you’re ready to retire."
Smart investing starts here
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Get started todaySet-it-and-forget-it investing
Automated investment services do all the work after you set up your account.
This technology helps you earn the best possible returns on your money through automatic rebalancing, dividend reinvesting and other methods.
You can set your money and forget it, and never get any phone calls or questions from a financial adviser.
But robo advisors also have well-educated and friendly customer service teams available — just in case you do ever want to speak with someone.
Smart investing starts here
Get 100 free online equity trades with promo code EDGE100 when you open a CIBC Investor’s Edge account by Sept. 30, 2025. Click here to unlock 100 free trades and take control of your investments. Get started today.
