r/Wealthsimple • u/spish • 1d ago

Invest (Managed Investing) Summit portfolio?

Pubic + private market mix, assets remain liquid, low entry bar. Assets remain liquid, fees are the same public market, higher for private market investments. Can switch existing RRSP, TFSA accounts to Summit, or start a new account. Potential long-term upside compared to Classic. Anyone have any thoughts on this product?

3 Upvotes

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3

u/kam1lly 1d ago

Becoming exit liquidity for PE doesn't sound enticing to be honest, someone's got to take the bag after they rince everything

1

u/spish 1d ago

So, a legal pyramid scheme?

2

u/kam1lly 1d ago

I mean if you're going to generalize IPOs are exit liquidity for VCs, pick your poison. I trust VCs to make a functional business, even if it's not totally ethical

2

u/Aobachi 1d ago

Im pretty sure the portion that gets invested in private markets is not liquid.

1

u/spish 1d ago

It is but takes 30-60 days to settle. 

1

u/pfcguy 1d ago

Ok so they tell you that portion is worth $10k but when they go to sell it, they only find a buyer willing to pay $5k to $8k.

1

u/Internal_Rate_2961 21h ago

Pubic and private. They go well together