On track for $4M
On track for $2.3m
On track for $5.7M
On track for $3.1M
On track for $6M
On track for $4M
On track for $2.3m
On track for $5.7M
On track for $3.1M
On track for $6M
On track for $4M
On track for $2.3m
On track for $5.7M
On track for $3.1M
On track for $6M
On track for $6M
On track for $2.2m
On track for $1M
On track for $5M
On track for $3M
On track for $6M
On track for $2.2m
On track for $1M
On track for $5M
On track for $3M
On track for $6M
On track for $2.2m
On track for $1M
On track for $5M
On track for $3M
On track for $1M
On track for $11M
On track for $1.7M
On track for $8.5M
On track for $2.3M
On track for $1M
On track for $11M
On track for $1.7M
On track for $8.5M
On track for $2.3M
On track for $1M
On track for $11M
On track for $1.7M
On track for $8.5M
On track for $2.3M
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Moka allows you to auto-invest in the S&P 500 index, which has outperformed over 90% of managed funds and professional money managers3. Your dividends are reinvested automatically to maximize your growth. This strategy has been delivering an average annual return of 10% since its inception over the last 65 years4.
Legendary investors like Warren Buffett and Charlie Munger both recommend this investment strategy6.
Effortlessly, you’d be invested in 500 of the largest U.S. companies, such as Apple, Tesla, and Amazon, which are also some of the largest companies in the world. This diverse group of companies covers about 80% of the U.S. market4 and is regularly updated based on the total market capitalization of the companies.
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Most managed investments not only underperform the S&P 500, they charge a seemingly low fee of 1-2%, which compounds and dramatically hurts your return over time.
With Moka, you pay just a flat $4.99 monthly fee. The S&P 500 exchange-traded funds we invest in have a genuinely low 0.09% fee.
See how Moka’s flat monthly fee compares to traditional percentage fees over time
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Once you have your wealth goal set up with a weekly contribution, you’re all set as we’ll automatically invest for you. If anything changes for you along the way, you can easily make adjustments any time and always know what you’re on track for.
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Moka is the only way in Canada where you can auto-invest in the S&P 500 while also restoring Canadian forests devastated by wildfires. Every automated weekly contribution you make not only grows your wealth but also helps replant Canada's forests. To date, the Moka and Mogo community has replanted over 300,000 trees across Canada.
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A Tax Free Savings Account lets you grow your investments tax-free.
A Registered Retirement Savings Plan lets you invest in your future with tax-deferred savings for retirement.
A Non-registered personal investment account is a taxable account where you have no contribution limits or rules.
With Moka, you're never locked in. You can withdraw your money at any time, for free. Money will be deposited into your bank account on the next business day.
Have questions? Reach out to speak with one of Moka's (human!) portfolio managers right in the app.
Moka is regulated by the AMF (Autorite des Marches Financiers). Your RRSP and TFSA investment accounts have CIPF coverage which covers up to $1M for all general accounts combined (including TFSAs) and an additional $1M for registered retirement accounts (like RRSPs).
Moka uses 256-bit SSL encryption to encrypt and protect the information you share with us.
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1 - This projection is based on Moka Equity Growth investment model, which is 100% invested in the S&P 500. It assumes a 10% rate of annual return, based on the S&P 500's average return since its inception over the past 65 years, with dividends reinvested. Past performance is no guarantee of future results. The actual returns may vary.
2 - https://www.thestreet.com/investing/buffett-munger-success-investing-life
3 - https://www.aei.org/carpe-diem/more-evidence-that-its-really-hard-to-beat-the-market-over-time-95-of-finance-professionals-cant-do-it/
4 - https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp#:~:text=The%20S%26P%20500%20index%20acts,its%201957%20inception%20through%202021.
5 - https://seekingalpha.com/article/4108688-investor-returns-vs-market-returns-failure-endures
6 - https://finance.yahoo.com/news/warren-buffett-says-couldve-turned-114-400000-230140222.html
7 - The cost is calculated based on the difference between the investment with no fees and the investment after applying fees. A $100,000 investment with a 10% annual return over 20 years would grow to $672,749.99. With a 2% MER fee, the final value would be reduced to $466,095.71. With a 1% MER fee, the investment would amount to $560,441.08. When using Moka, which charges a monthly fee of $4.99, and considering the inherent 0.09% annual MER fee of the ETFs (a cost from which Moka does not profit), the investment’s net value would be $661,834.25.
The “S&P” and “S&P 500” are registered trademarks of the Standard & Poor’s Financial Services LLC.
Moka Financial Technologies Inc. is a wholly owned subsidiary of Mogo Inc. and an affiliate of Mogo Finance Technology Inc. Investment accounts through Moka are opened with Mogo Asset Management Inc., registered portfolio manager.
© 2024 Mogo Inc. All rights reserved. MogoTrade, Mogo and the Mogo designs are trademarks of Mogo Finance Technology Inc. and used here under licence.
© 2024 Moka and the Moka designs are trademarks of Moka Financial Technologies Inc.
