The first step when thinking about where to invest your money is to set financial goals. Start by understanding your current financial situation, what you own, what you owe, what you earn and what you spend. Understanding these four areas will help you build a complete financial picture to help create your investment plan. While planning is important, it’s also critical to understand why risk matters and how it can affect the investments you make.
To learn more about investing, making investment plans, and risk visit GetSmarterAboutMoney.ca. We are not able to provide advice but we try to provide general information to help you take the next step. Speak with a registered financial representative or tax professional for advice that fits your personal situation.