Your investing questions, our clear answers.

Our response:

Saving and investing are both ways to set aside money for your future. They both are ways to grow your money. But there are a few key differences between them, such as level of risk, the time horizon needed to reach your goal, and where you want to hold your money while it grows. The article saving versus investing can help you understand the differences between the two and how they could help you meet your financial goals.

These previous Investing Questions may also help to provide further insight:

• What types of accounts should I be saving in?
• How do I get investing advice?
• How do you open an investment account?
• How can I get started with investing?

The resources on GetSmarterAboutMoney.ca including, the getting started, making a plan, and getting advice hubs will help build your knowledge in these and other areas.

Speak with a registered financial representative for advice to fit your personal financial goals and situation.