Is Your Money Well Equipped?
Reward your future with the right tools.
Your financial needs and goals are as individual as you are. They can be short-term, long-term, straightforward or highly complex.
Do you have a game plan for your money?
Having a strategy to grow and protect your assets through investing can help. However the number of investment choices that are available today is staggering. How do you choose what’s appropriate for you?
Whatever your financial goals might be, planning to reach them is the most important step towards success.
Following some basic investment principles can also take you a long way:
1. Invest early
An early start to investing can set your money up for the future. As your earning potential grows, getting into the investing mindset early can set the stage for how you handle your money. By being in the habit of saving a portion of your money early, you will be more likely to continue investing in the future.
Investing sooner, rather than later, also takes advantage of the power of compounding that lets you earn interest not only on the principal but also on the interest you earned as well.
And remember, it’s never too late to start investing!
2. Invest regularly
Starting early is great but sustaining your investing habits can take you further. For example, by contributing to an RRSP regularly, you can benefit from potential tax savings to help you reach your financial goals sooner.
Regular investing also lets you take advantage of dollar cost averaging. With dollar cost averaging, you invest a fixed amount of money on a regular basis so that you don’t have to time the markets.
3. Stick to your plan
The value of investments rise and fall but nobody can predict exactly when. To take advantage of those times that investments do rise, you need to stay fully invested over a long period of time. This way you won’t miss out on potential gains.
4. Play with a winning team
Equip your money with the best tools and the best team. Our Financial Services Representative, can help you customize an investment strategy that meets your needs. Reward your future with their expert help.
For more details, give us a call.
Or e-mail us and we’ll reply within one business day.