Wealth Simple is expanding fast and Vincent Gregoire, Canada Research Chair in Finance and Technology at HEC Montreal, is paying close attention. Lower fees and less friction are good for investors. The new ability to borrow against your portfolio, including potentially your registered retirement savings, is where the conversation gets harder.

The mechanics are straightforward: hold a thousand dollars in stocks, access a thirty percent line of credit against them without selling and without triggering a tax bill. Use that money to reinvest, cover expenses, or do what you want. It levels the playing field for people who don't own property and have never had access to that kind of leverage. It also amplifies losses when markets drop, and if the loan gets called on a registered account, the withdrawal penalties stack on top of the portfolio hit.

Gregoire's concern isn't the tool. It's whether the people using it understand what they're holding. Gamification nudges frequent trading. Frequent trading, the research consistently shows, is bad for smaller investors.

Topics: Wealth Simple investing, margin loans Canada, RRSP collateral risk, gamification investing, fintech Canada

GUEST: Vincent Gregoire | @vincentgregoire

 

Originally aired on 2026-07-02

Wealth Simple is expanding fast and Vincent Gregoire, Canada Research Chair in Finance and Technology at HEC Montreal, is paying close attention. Lower fees and less friction are good for investors. The new ability to borrow against your portfolio, including potentially your registered retirement savings, is where the conversation gets harder.
The mechanics are straightforward: hold a thousand dollars in stocks, access a thirty percent line of credit against them without selling and without triggering a tax bill. Use that money to reinvest, cover expenses, or do what you want. It levels the playing field for people who don't own property and have never had access to that kind of leverage. It also amplifies losses when markets drop, and if the loan gets called on a registered account, the withdrawal penalties stack on top of the portfolio hit.
Gregoire's concern isn't the tool. It's whether the people using it understand what they're holding. Gamification nudges frequent trading. Frequent trading, the research consistently shows, is bad for smaller investors.
Topics: Wealth Simple investing, margin loans Canada, RRSP collateral risk, gamification investing, fintech Canada
GUEST: Vincent Gregoire | @vincentgregoire
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Originally aired on&nbsp;2026-07-02

Shane Hewitt & The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world—always with curiosity, compassion, and a sharp edge.

From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane’s signature style—thoughtful, fearless, and refreshingly real.

If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt &amp; The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world&mdash;always with curiosity, compassion, and a sharp edge.
From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane&rsquo;s signature style&mdash;thoughtful, fearless, and refreshingly real.
If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt and The Nightshift

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.