In just a few simple steps, your self-directed investing experience can be streamlined with Passiv. Here’s how.
Step 1: Create a Passiv account
To get started, go to passiv.com and select the “Sign Up” box in the top right corner of the screen. This will take you to the account creation page.
Here, you’ll need to enter your name and email address, as well as create a secure password. Select “Register” at the bottom of the page to finish setting up your account.
Step 2: Connect your Questrade account to Passiv
From your Passiv dashboard, select the blue “Get Started” box at the bottom of the page to begin.
Then, select Questrade from the list of brokerages beneath the search bar. This will generate a confirmation box, informing you about SnapTrade, a tool that connects Passiv to retail brokerages like Questrade so it can access live account data and execute
trades.
Once you agree to the terms and conditions, you’ll be directed back to Questrade, where you’ll finish filling in your account information. While Passiv is an official Questrade partner with a secure API connection, this is done to keep your
login information confidential.
Log into Questrade and select “Allow” to give Passiv permission to retrieve balances, positions, orders and executions for your account, as well as to retrieve delayed and real-time market data.
Step 3: Choose your subscription
From your Passiv dashboard, you can see all the Questrade portfolios you have linked on the left under the collapsable menu. Select a connected portfolio, and tap on the “Next Step” box to choose your subscription.
Remember, as a Questrade customer, you get free access to Passiv Elite
Step 4: Set up your portfolio targets – and let Passiv do the rest
The targets you set represent how you want to allocate your investments between different asset classes, letting you balance your holdings so they align with your broader investing strategy.
Passiv gives you two ways to do this. If you want to use your portfolio’s current asset allocation as the model to maintain, select “Import.” Or, if you would prefer to create your own model for your portfolio’s asset allocation,
select “New Model.” This can be adjusted at any time.
With your model applied, you can see how closely your portfolio matches your allocation goals using the Accuracy meter on the main dashboard. Passiv will send you email notifications when your portfolio’s accuracy strays too far from your target
so you know when it’s time to rebalance without constantly checking.
By default, Passiv is only set up to rebalance your portfolio with buy trades. When new funds become available in your account, Passiv will assess what trade can help get you in sync with your target again. However, sell calculations and trades can also
be enabled by going into your Portfolio Settings and selecting “Sell to rebalance.”
Whether you’re selling or buying, with Passiv Elite, you can make the trades you need to rebalance your portfolio with just one click. Just tap on Manual Trade and fill in your order details.