Is the $10 wealthsimple monthly subscription for holding USD make sense in my case?

I'm planning to DCA into US stocks like Apple, Microsoft, Google etc. and hold long term (20+ years). I'm not planning to trade them. If the price goes up I'll DCA up, if the price goes down I'll DCA down.

Does the $10 monthly subscription to enable USD account make sense in this case? There's still 1.5% conversion fee with this monthly subscription, but there just wouldn't be a fee every time I buy and sell afterwards. But since I'm planning to just buy and hold longterm and not sell until retirement wouldn't it be better to just pay the conversion fee everytime I add more shares to the portfolio?

submitted by /u/Miko109
[link] [comments] https://www.reddit.com/r/stocks/comments/13v6yh5/is_the_10_wealthsimple_monthly_subscription_for/
Created 2y | May 29, 2023, 10:21:03 PM


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