5 Things To Know When You Start Investing
Have you been thinking about investing but don’t know where to start? Our new video resource, Get Started with Investing, is a great first step. We’ve highlighted five things you can learn from the resource that can help you get started on your investing journey.
1. Determine if Investing is Right for You
One of the first steps to consider before investing is to determine whether investing is a right fit for you. In this video, we encourage you to think about your current financial position. For example, do you have high-interest debt? What are your monthly expenses? These are some of the important factors to take into account when considering investing.
2. Learn Key Differences Between Saving and Investing
Saving and investing can both be used as a means to reach your financial goals. But there are differences between these two paths, and some of those differences are related to risk. Watch this video to learn more.
3. Get to Know Your Financial Self
Knowing your financial self includes a number of factors, including understanding your risk tolerance and investment knowledge. Knowing your financial self can also help with your consideration in choosing the investment professional or service you’ll want to use to reach your goals.
4. Compare Active versus Passive Investing
Active and passive investors generally employ different investment strategies. Their investment plans are often suited to their personal financial goals and motivations. Watch this short video to learn more about which strategy might be right for you.
5. Become Familiar with Common Investment Types
You may have heard of investments like mutual funds, ETFs, stocks and bonds. We help you take your investment knowledge a step further by explaining how these common investment types work.
Get Started with Investing Now
Get Started with Investing is a free, online resource designed to help you learn the investing basics. You can work through the entire resource in about 15 minutes, or go at your own pace!
Investing doesn’t have to feel like an overwhelming task. Equip yourself with unbiased investment knowledge and kick off your investor journey today.
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.