August 25, 2017

Wealthsimple, an investment tool endorsed by Trudeau, goes halal

Christopher WilsonRebel Commentator

Previously, I told you about Wealthsimple, an online investment tool designed for Millennials. Their social media ads even feature an endorsement from Prime Minister Justin Trudeau.

Ethics questions of the PM endorsing a company aside, I imagine the Liberal power players behind Wealthsimple probably didn’t have to twist Justin’s arm very hard to get the endorsement given the company’s close ties to Power Corp.

I’m also not sure why anyone would want investment advice from a service endorsed by Trudeau considering his investment strategy was to be born rich and famous.

Sounds like a great plan, although that advice isn’t very useful for most people.

But then I noticed another Wealthsimple story hit the wire this week announcing the launch of a Halal investment portfolio for observant Muslims.

Now usually I’d say, who cares?

Yes, the Muslim population of Canada is growing quickly but when you consider Wealthsimple is designed for Millennials, the target market seems like the tiniest of tiniest niches.

It is of course virtue signalling, and I suppose it adds up when you consider the Trudeau Liberal government’s position on Islamic migration and his weird belief that he’s a counterbalance to Donald Trump.

The way the Halal investment works was explained in a HuffPost article this week:

“A business activity screen filters companies that are directly active in, or derive over five per cent of their revenue from, a prohibited Muslim activity such as alcohol, tobacco, gambling or pork production.”

Watch as I have some fun thinking about what other tiny fractions of the Canadian public are being ignored and offended, left without investment options, and especially without online investment options endorsed by Trudeau through Wealthsimple.

I thought Justin was Prime Minister of all Canadians?


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commented 2017-08-27 23:22:40 -0400
Trudeau is a whore; he’ll do anything for a buck. He’ll probably try to get his wife a singing contract and he’ll have his kids do modelling jobs in between their trips south on a gov’t jet with his in-laws and nannies. He should advertise for “Investment for the simple minded”.
commented 2017-08-27 14:50:02 -0400
I came across this some time ago, and, didn’t book mark it, found it again a couple of minutes ago.

Anyone; including CEO’s of companies, who is willing to submit to paying for the Islamic scam of Halal Certification is truly in denial & ignores the fact untold millions have been transferred to terrorist groups intent on destroying Western civilization. Companies who do not clearly label their products as Halal Certified are fully participating in this scam. It’s deplorable and wide scale fraud. To the companies who do label clearly, I don’t buy your products.
commented 2017-08-27 12:56:52 -0400
The gap between what could be and what is is the playground for sheep or the weak..
I am no sheep and nor will I submit willingly to a shearing.!!
Imagine all those sheep lining up for wealth simple but girls like Andrew won’t throw a dime at it but they will tell you how good it is…
That investment strategy is kind a like the “could be and what is”…
Andrew could invest but he won’t..
Come on girl you’re such a hypocrite.!
I choose to not support Halal food in any capacity and my below statements go into the reason why… Needlessly pricey followed by questionable ethics..!!
Andrew I offer you this blessing… Go forward with your religion of Islam and all it represents and
piss be upon you..!!
In fact piss be upon Allah and Mohammed and all the rest of the too stupid to understand what they’re doing!! Piss be upon Islam.
commented 2017-08-27 12:41:51 -0400
Innocent until proven guilty..Yep that’s me… Prove me guilty..
commented 2017-08-27 12:39:50 -0400
That is true William..
Usary is a sin punishable by death..
Except here in the land of treason… Apparently not just anything goes but everything goes..!!
commented 2017-08-27 12:32:36 -0400
“Flat Earth commented 10 hours ago
Do your own work Andrew… Prove me wrong "

Innocent until proven guilty. If fraud is happening, the onus is on the accuser to prove it is. 0

The gap between “could be” and “is” is a common place for conspiracies to lurk.
commented 2017-08-27 12:12:30 -0400
I thought halal meant in accordance with Koranic principles and dictate – is not part of that dictate the condemnation of “usury” (or interest) ? An investment that pays interest is by logical extension not Halal.
commented 2017-08-27 09:32:14 -0400
I bet your “friend” consider you the perfect dhimmi.
commented 2017-08-27 08:56:46 -0400
Contrarian to the bitter end….good luck with that Andrew!
commented 2017-08-27 03:08:06 -0400
Andrew tell us where to find all this Russian funding and influence the left speaks of all the time but can never seem to find any proof of?
commented 2017-08-27 02:34:31 -0400
I am against mandatory halal… It’s against my religion..
It’s also against my common sence to have to pay more than something is worth to support a religious organization that runs contrary to Christian believes… I should have a choice..
I choose not to support halal.!!
Bacon will save the west.!!!
commented 2017-08-27 02:29:36 -0400
Do your own work Andrew… Prove me wrong
commented 2017-08-27 01:21:15 -0400
It’s not clear if the Muslim Association is actually an agency certifying halal. If they are, they’re not a prominent one.

I have no issue with halal certification of foods that are naturally in that state. It doesn’t affect me in any way – no, I’m not being forced to be “sharia” compliant… my consumption habits are unchanged, and if it gives peace of mind to our Muslim friends (I have several of varying degrees of observancy in my social and professional circles)… great.
commented 2017-08-27 00:07:09 -0400
Trudeau is a fool.
commented 2017-08-26 23:27:57 -0400
To bad there isn’t a RICO law here in Canada.

At least the Yanks are gearing up to do the big correction….
commented 2017-08-26 23:01:55 -0400
Forgot to include another link for you Andrew
A report from 2012 (uploaded as a flashback, halal meat slaughter) doesn’t include other products.
commented 2017-08-26 22:56:28 -0400
Andrew, you are missing an important fact. Products which are naturally halal such as milk, honey, nuts, coffee etc…. are receiving halal certification. Why? It’s a scam, while imposing sharia compliance on non-muslims. Research the Muslim Association of Canada – you will find that roughly 15 million dollars was funneled to Hamas via halal certification scheme.
This may be news to you, perhaps the links I have provided throughout this thread will prove helpful to your understanding of the history of this scam & how it impacts everyday non-muslim Canadians.
commented 2017-08-26 22:15:36 -0400
The problem is that these conspiracies rely on telling you something could be happening, with no evidence it actually is.

“Tammie Putinski-Zandbelt commented 1 hour ago
Andrew, go back to your list. Notice Saputo, Proctor and Gamble, Johnson & Johnson, Kraft Heinz Co, Pfizer,Starbucks,Unilever. "

So, what’s your point? Boycott everything? Something like SBUX doesn’t have to be “certified halal” since coffee is not haram (forbidden). This meas it is, naturally. Saputo, mostly dairy products, same. Some may choose to, but it’s not mandatory. Water is also halal, so if you’re going to boycott it, make sure you’re thorough.

“Flat Earth commented 1 hour ago
No. The Halal portfolio buys stocks such as JNJ or SU. Unless you think the oil sands are terrorism (and some do, for whatever reason), the answer is … no.
Actually the answer is yes because where do you think the laundering takes place.. And possibly increase profits for the Jihadies.!!"

I have no idea where you think it’s occurring. Why don’t you enlighten us, and make sure you show your work…
commented 2017-08-26 21:28:50 -0400
Andrew Stevenson..
What are you…?? Really what are you…?? I ask this because you run contrary to everything that built this country.. Not just a difference of opinion in somethings but contrary to everything that is or should I say was Canada.!!
Living in Canada is expensive enough with a spendthrift prime minister who is never done a days work and only knows the joys of trust fund money.!! And even better, the joys of spending other People’s Money that benefits him.!! That being said halal makes our daily living more expensive and possibly a danger to us nonbelievers.!!
It’s commonly known that Halal, Islam, Isis and mosques and basically everything Muslim have all one thing in common… It’s terrorism…!!
No let’s go back to the wealth simple for a minute..
We never did clear up that issue you and I… Have you put any money there yet or are you just trying to convince other people to go that direction.??
commented 2017-08-26 21:15:12 -0400
Andrew, go back to your list. Notice Saputo, Proctor and Gamble, Johnson & Johnson, Kraft Heinz Co, Pfizer,Starbucks,Unilever.
commented 2017-08-26 21:14:13 -0400
No. The Halal portfolio buys stocks such as JNJ or SU. Unless you think the oil sands are terrorism (and some do, for whatever reason), the answer is … no.
Actually the answer is yes because where do you think the laundering takes place.. And possibly increase profits for the Jihadies.!!
Either way halal is something I don’t want to pay for..
It’s against my religion.!!
commented 2017-08-26 20:37:21 -0400
“Dirk Kanis commented 2 hours ago
“So again, this is not sin-free investing!”

So does the halal portfolio also get skimmed to fund the terrorists? "

No. The Halal portfolio buys stocks such as JNJ or SU. Unless you think the oil sands are terrorism (and some do, for whatever reason), the answer is … no.
commented 2017-08-26 20:35:10 -0400
Is welwathsimple actually Halal certified, by whom, and are they known to be affiliated with terrorists? Or… is this just speculation on your part, based on vague conspiracy theories?

Being “Halal” does not necessarily mean it’s certified by anyone. It’s very similar to Kosher, in that it refers to being broadly compatible with religious beliefs.

The Australian government investigated this question in detail, and found out no evidence the “religious tax” actually exists… that is, outside the minds of a few special interest groups who are trying to rationalize their dislike of people from different cultural backgrounds.
commented 2017-08-26 20:14:39 -0400
Andrew Stephenson said in part, "“Did you feel the same way about Harper’s ubiquitous photo-ops?”
What are you referring to? Examples please. Thanks.
commented 2017-08-26 20:12:33 -0400
Dirk Kanis, excellent question. I would be interested in the answer, Halal investing sounds like a recent development for this company….an investigation after a couple of quarters may shed some light.
commented 2017-08-26 18:55:41 -0400
“Did you feel the same way about Harper’s ubiquitous photo-ops?”
The only photo ops that concern me at this point is the tragedy and miscarriage of Justin Trudeau’s willful exploitation of the media to advance the public opinion of him worldwide while back at home we suffer the consequences of a narcissistic individual who actually does believe that he is a dictator and we suffer the consequences thereof.!!!