Getting Started with Passiv
Just getting acquainted with Passiv? We can walk you through it.
This video shows you how to manage your portfolio drift notifications.
This video shows you how to manage your portfolio drift notifications. You’ll automatically get an email notification when your portfolio accuracy drops below your chosen threshold. By default, the threshold is 90% but you can change that within Settings. You can also turn off these notifications within Settings.
This video shows you how to add and manage your brokerage connections.
This video shows you how to manage brokerage connections. You’ll learn how to edit connection names. Elite subscribers can add multiple connections and change their access level to trade to take advantage of Passiv’s One-Click Trades feature.
Connecting your Questrade account to Passiv is super simple – here’s how.
This video shows you how to connect your Passiv account to your brokerage account. Once you’ve created your Passiv account, the setup wizard will send you to Questrade’s website to authorize Passiv to use Questrade’s API to display your accounts and holdings in Passiv. This means Passiv never sees your Questrade credentials.
Passiv calculates trades based on your chosen target portfolio – set yours up in just one minute by importing your current holdings.
This video shows you how to import your current holdings as your target. You may want to further tweak weightings of your assets. To do this, click Edit Targets and when you’re happy with your target percentages, click Save.
Building your target portfolio from scratch is a breeze.
If you’d like to start fresh, you can also build your portfolio from scratch. To do this, select Build then click on the search bar and type in the ticker symbol of the asset you want to add to your target. Repeat this for each asset you want in your target portfolio. Save this target when you’re satisfied with it.
This video shows you how to combine multiple accounts into one global portfolio. Follow along with the video to see how.
This video shows you how to combine multiple accounts into one global portfolio. Head to Settings and scroll down to the Accounts box. Click Edit Groups then simply drag and drop your account into its new portfolio group. Once you’re done adding the accounts to the new portfolio group, click on Done at the top of the Accounts area. Now when you go to your dashboard, you’ll see the new portfolio group has a Setup button. Click that and set up your target portfolio by either importing your current holdings or building it from scratch. You’re all set! Passiv will now perform calculations based on your combined target portfolio.
Tired of calculating and inputting trades yourself? Have Passiv do it for you.
Entering your orders can be tedious and time-consuming when you have multiple orders to place. Passiv makes cash allocation a breeze by letting you sync your portfolio at the click of a button. Note this is an Elite feature.
Rather than having to log in to your brokerage and individually place, say, 5 orders, Passiv will place all calculated trades in sequence at once. Click Validate to see an Order Summary including estimated commissions and remaining cash, then click Confirm to execute the orders. It couldn’t be easier to keep your account in line with your target!
Passiv makes it easy to exclude your “fun money” portfolio picks from your target portfolio.
Sometimes even index investors like to buy an individual stock or two —- and that’s why we created the Asset Exclusion feature, which lets you exclude them from your target portfolio.
First, click Edit Targets and click the x to remove that stock from your Target Portfolio. Adjust the percentages of your remaining assets to your desired allocation then click Save. Scroll down to the Current Portfolio box. Assets that are not in your target portfolio will have black toggle bars under the Exclude column. Click on the toggle switch to exclude the asset. That’s it!
Manage someone else’s investments? Here’s how to link additional accounts.
This video shows you how to connect multiple brokerage accounts to your Passiv account. Note that this is an Elite feature. Click on Settings in the sidebar, then scroll down to the Connections box. Click Add another connection. Choose the type of access you want to give: read-only or trading access. You’ll be sent over to Questrade’s site to log in to that account and authorize the API connection, just like you did with your first account. You’ll now see the new account(s) in your Passiv dashboard. Set up target portfolios for the new account(s) and you’re all set!
By default, Passiv will only calculate Buy trades to keep your commissions down. Here is how to turn on Sell calculations.
You can’t control the stock market’s movements, but you have some control over the fees you pay to make trades. Since you may be charged commissions to buy and sell assets, you can save on commission fees by only selling when you absolutely have to. If you’re contributing to your investment account regularly, then you may be able to keep your portfolio on target simply by buying the underweight assets with new cash deposits. Even better, Questrade clients don’t pay commission to buy ETFs, so a buy-only strategy can mean you pay nearly nothing in commissions.
However, if you want to turn on selling to rebalance for any reason, it’s simple to do. Click on an account, scroll down to the Controls box, and turn on the toggle switch next to Allow selling to rebalance. That’s it!
Do you have Canadian and US dollars in your portfolio? You can choose how Passiv deals with multiple currencies.
If you’ve got multiple currencies in your account, you may be particular about how Passiv handles them. You’ve got two main options: 1) keep currencies separate, 2) allow cross-currency purchases which involve foreign transaction fees. If you go with the first option, you can also choose whether to retain enough cash so you can manually do the currency conversion yourself (for example, with Norbert’s Gambit). Learn more about these options with this video.