Passiv's goal is to make it easy to do index investing with a brokerage account. Your accounts are consolidated into one easy-to-use dashboard, with automatic notifications when something needs your attention.
Passiv can be used by anyone with a Questrade brokerage account. Passiv is intended to aid in following an index investing strategy, similar to Boglehead and Canadian Couch Potato styles. It will help you identify your underweight assets and keep your portfolio in line with your targets.
Passiv works with your existing brokerage account through its developer API. You specify a target portfolio composed of securities available through your brokerage, and we periodically check on your account and calculate what trades are appropriate to get as close to your target as possible. This is especially convenient if you make frequent contributions.
Markets shift day-to-day, so being in perfect alignment with your target portfolio today does not guarantee that it will be in alignment tomorrow. This is normal and it is not necessary to rebalance very frequently. Most investors only rebalance annually or in the special case where their portfolio has deviated by a large percentage. Passiv's calculator avoids frivolous trades – and you can define what that means for your own account.
No, Passiv is a tool to make it easier to do index investing within your brokerage account. You design your own target portfolio according to your personal risk tolerance and desired exposure (or choose a model portfolio from a reputable source). When your account drifts or you have new cash to allocate, Passiv will let you know what trades you would need to make to follow your set target portfolio.
We do our best to safeguard your information. Passiv cannot carry out any trades on your behalf. We only request read-only access to your account, so we simply cannot make any changes to your account.
When you use Passiv, you grant access to your brokerage account using a secure OAuth token. Passiv does not need your brokerage login credentials. The OAuth token provides read-only access to your account information so that we can calculate how close you are to your target portfolio. You can revoke access at any time.
Once you have set a target portfolio for your account, Passiv periodically checks on your brokerage account and calculates your accuracy. If accuracy falls below a certain threshold, you will receive an email notification prompting you to consider rebalancing. You can also receive notifications when new cash appears in your account, so that you can allocate it as soon as possible.
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To build your portfolio, you need to choose securities and what proportion of your funds to invest in each. You can add as many securities as you wish and allocate as little as 1% of your funds to each.
Start by searching for a security by name or trading symbol. Once you've found the security you want, adjust the slider by adding a percentage of your funds to the security.
The number of units to hold will be automatically calculated and presented to you once you have selected all your securities and assigned 100% of your funds.