We work hard for our money and our money should work hard for us which is where investing comes into play.
There are plenty of options to consider when looking to invest your money. In the majority of the cases, the three considerations when looking to invest are your goals, time horizon and risk.
At this point, it is always advisable to seek out the advice of a professional. The professional might be a financial planner, money coach, investment advisor or insurance agent. In some cases, it might be a combination of these professionals.
Why Invest Your Money
Investing your money is all about sheltering your income and growing your wealth. Savvy investing can help you accomplish important financial goals like, travelling, buying a home or retiring comfortably.
How to Invest Your Money
Whether you are a novice investor or seasoned veteran there is a growing trend to manage your investments on your own. This option leans more towards using an online discount brokerage or robo-advisor. If you are looking for more guidance and expertise consider an investment or financial advisor that is licensed.
Where To Invest Money In Canada
Deciding where to put your hard-earned savings is not always easy with so many options. In terms of sheltering your income, Canada provides several tax-deferred accounts including, RRSP, TFSA and RESPs to name a few. In addition to this, the different options to help grow your savings include stocks, bonds, ETFs, real estate, mutual funds as well as high-interest savings accounts. Be sure when looking at these options to consider related fees and costs.