Your Investment Plan

You can get started by giving careful thought to:

  • your knowledge of financial markets and products.
  • your financial assets and your risk tolerance.
  • the amount of money you plan to invest.
  • what you want to accomplish through investing.

With these things in mind, you will be able to begin the process of selecting the right investment products and the right mix of assets to help you meet your financial goals.

Recognize Your Limits

Before investing, you should assess your own investment knowledge and experience. Be honest with yourself and with your registered investment advisor. Overestimating your investment knowledge will make it far more difficult for your advisor to help you.

Avoid committing to investment products or strategies you don’t fully understand. Ask your investment advisor questions about unclear or unfamiliar recommendations, and be sure you understand the answer before investing.

Improve Your Knowledge

If you would like to improve your investment knowledge, many courses and booklets are available for everyone from novices to experts. Our Glossary can help you make sense of some common investment terminology.

If you are new to investing, read the Canadian Securities Administrators’ (CSA) Investing Basics.

Other Resources

British Columbia Securities Commission (BCSC) InvestRight’s Investor Toolkit, which includes free guides and videos.

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