Fund Library News Wire
| Thursday, March 23, 2017
Investing may seem like a daunting task. There appears to be so much we
need to know. However, much like planning a trip, buying a home, or looking
after our health, the key to successful investing is having the right
information, a well-constructed plan and, often, the right advice. Yes,
this takes effort when we might rather be doing something else, but once
the planning is complete, we’re on our way.
Do you need the skills, knowledge and tools of a tour guide to take a
vacation? Do you need the equipment and tools of a builder to own a home?
Do you need the medical degree of a doctor to stay healthy? Of course not.
However, as with those experts, there are times when having a trusted
financial advisor can help you reach your destination. Your advisor will
help you set realistic, attainable goals, and create a plan to achieve them
– so you can sleep better at night.
As with all major life undertakings, there is a trade-off between risk and
reward. A professional financial advisor will help you identify your
objectives, risks and potential rewards, and then help you select and
monitor the investments for each of your goals.
Many investors have several financial goals, and investment accounts that
are designed to work towards those goals. Each account will have its own
strategy to attain its objective. Parents may set a goal to save money for
a child’s post-secondary education. Later, that child may start saving to
buy a car, a home or to retire decades into the future. How you invest
depends on your life stage, your goals and personal circumstances.
Having several investment objectives and multiple products from which to
choose makes the decision-making process challenging. Adding to the
challenge is that our goals can change throughout our lives.
Your Financial Journey
lists common life events that impact financial plans. If you are confident
answering the questions associated with each event, you might prefer to
manage your investments on your own. However, if you’re uncertain, you
might want a financial advisor to guide you.
If you know an advisor you can trust, contact that person to get started.
If you are looking for a financial advisor, you can ask family, friends,
workmates or professionals that you work with, such as your accountant or
lawyer. You can also see who is registered in your area by checking these
national registration search, which lists all registrants (individuals and firms) in Canada, except for
those registered solely with the Ontario Securities Commission (OSC).
* A list of those registered in Ontario is available on the
OSC Registrant List.
* The Investment Industry Regulatory Organization of Canada
* The Mutual Fund Dealers Association of Canada
Chambre de la sécurité financière
With a well-constructed plan, and a trusted financial advisor, you are on
Content provided by
Investment Funds Institute of Canada
(IFIC), the voice of Canada’s investment funds industry. IFIC brings
together 150 organizations, including fund managers, distributors and
industry service organizations, to foster a strong, stable investment
sector where investors can realize their financial goals. By connecting
Canada’s savers to Canada’s economy, our industry contributes
significantly to Canadian economic growth and job creation. The
organization is proud to have served Canada’s mutual fund industry and
its investors for more than 50 years.
Notes and disclaimer
Content © 2017 by the Investment Funds Institute of Canada.
All rights reserved. Reproduction in whole or in part without prior written
permission is prohibited. Used with permission.
The foregoing is for general information purposes only. This information is
not intended to provide specific personalized advice including, without
limitation, investment, financial, legal, accounting or tax advice. Mutual
funds are not guaranteed and are not covered by the Canada Deposit
Insurance Corporation or by any other government deposit insurer. There can
be no assurances that a fund will be able to maintain its net asset value
per security at a constant amount or that the full amount of your
investment in the fund will be returned to you. Fund values change
frequently and past performance may not be repeated. No guarantee of
performance is made or implied.