Investing simply means putting your money to work so it can make you more money. There are many different ways you can go about investing. This includes putting money into mutual funds, segregated funds or GIC’s. Each investment has its own set of characteristics and some investments will be better suited to you than others.
If you are 18+, you can open an investment account. If you are younger than 18, in order to begin investing your money, your investment activity needs to be done through something called an "In Trust For"(or "ITF") account. This can be opened by an adult you trust and can be transferred into your name when you turn 18.
Financial situations and comfort levels with investment risk differ from person to person, therefore we choose not to give general advice on this subject. Instead, we encourage you to allow us to help get you on the right track with a personalized plan for financial success. Click here to book your free consultation today.