*This is a 2 part series on investing!
In this weeks episode (part 1) we talk about investment options you have as well as risk.
Tara and I discuss how we got into investing and our journey investing to date.
We talk about the investment gap for women, and how investing means you have to save less money.
Should you invest in your TFSA, RRSP, or an unregistered account and when should you look at contribute to these accounts for investing?
Tara and I agree that you should be contributing to both the TFSA and the RRSP; if you were 18 as of 2009 you have the ability to contribute $63,500.
We discuss where you can invest your money:
- Hiring a financial planner
- Financial Institution
We also discuss investments you can make within these accounts:
- Individual Stocks
- ETFs and Index Funds - passively managed
- Mutual Funds - actively managed
Check out the Canadian Couch Potato for mock portfolios.
Check back soon for part 2!
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