This year during Financial Literacy Month, we’re encouraging you to jump into the driver’s seat and take charge of your investment goals. Re-visiting the investing basics can help provide clarity and help you make informed decisions. Below are some simple ways to ramp up your investment knowledge, and step into a more active and engaged investor role.
Familiarize Yourself with Common Investment Types
You have options when deciding on which investments you want to hold. Knowing about different investment types and how they work can help you choose the right fit for your financial goals and risk tolerance.
This short video outlines five common types of investments that you’re likely to encounter when building your portfolio.
It’s important to note that all investments come with the possibility that you could lose some or all of the money you invest. Do your research and understand the risks – and the amount of risk you are personally willing to take on – before committing to an investment. If you need help, you can also talk to a registered investment advisor.
Keep an Eye on Your Portfolio
One way to stay actively engaged with your investments is by regularly monitoring your portfolio. Comparing your portfolio’s performance from year to year will help you keep track of where you are at with achieving your financial goals.
The value of your investments may go up or down, depending on how the financial markets are performing. You can get information on how your investment portfolio is doing in various ways. Watch this video to learn more.
Continue with the Investing Basics
Knowing what types of investments are available to you and checking in regularly with your portfolio are great ways to stay engaged with your investments and financial goals. But why stop there? Explore more topics on investing basics using our Get Started with Investing video series, and be sure to check out additional learning materials and tools on each page.
Financial Literacy Month 2019
The Financial Consumer Agency of Canada (FCAC) website offers more information on this year’s theme: “take charge of your finances!” You can find and share relevant information using the hashtag #FLM2019 on social media. You can also check out the FCAC calendar to find events or activities happening in your area.
Report a Concern
If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393, or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.
BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month North Vancouver InvestRight seminar January 10, […]