You are wanting to start saving for your future, you probably have been saving to into a savings account and now you are thinking about investing and growing your money, where do you start?
It is important to educate yourself as best you can before you start talking to investment advisors so you don’t feel overwhelmed.
When you invest money, you are doing so in hopes to grow your money to generate more income. Investing is risky, you might feel like you are on a roller coaster of ups and downs, if you choose a less risky portfolio it can ease the worry.
There are only two types of Investment firms in Canada; Securities Firms and Mutual Fund Firms. How do you know which one to work with?
Mutual Fund Firms only sell mutual funds, Securities Firms can sell mutual funds, stocks, bonds, cash, ETF’s, etc., and therefore you have more options for investing your money.