Answers to a few questions asked at our Smart Shoppers 2011 booth
On March 12, 2011, the British Columbia Securities Commission was the presenting partner of the Better Business Bureau’s (BBB) second annual Smart Shoppers event.
The day was quite a success. It gave us an opportunity to interact with hundreds of people in a busy setting – we counted 250 visitors to our InvestRight booth. The BBB, RCMP, Canada Post and others also had booths that were bustling with activity throughout the day.
On the main stage, Global TV’s Mark Madryga moderated three panels and emceed the event. Lang Evans, BCSC Director, Enforcement, Sandy Jakab, BCSC Director, Capital Markets Regulation, and God’s Fraud Squad each spoke about different ways investors can protect their savings and make informed investment decisions.
More than 40 people sat down for each of the three presentations, while others looked on from three separate levels of the mall where they could also observe the goings on.
When we participate in events or give seminars, there are always great questions from the public, who are curious about who we are and what we do. Below are three answers to questions that we thought would be useful to share with our online audience.
How do I determine safe vs. less risky investments from others?
It is a good idea to understand your risk profile, and your short- and long-term goals before determining what kinds of investment products are suitable for your portfolio. Our website assesses products from a risk perspective. You can check out the About investments section, which talks about the risks, returns, fees associated with specific investment products, and whether you can sell them easily.
Where do mutual funds sit on the “risk-scale”?
Each mutual fund has a different level of risk. The fund manager’s investment strategy, skill, and the products and companies the fund invests in are all factors that can determine the fund’s risk. The chart on our Mutual funds page shows the types of risk you can expect from different funds.
Who do I talk to if I want a second opinion on what my advisor recommends?
As a securities regulator, we cannot give advice about investment products.
Nevertheless, we do provide a free guide that can help you manage the relationship you have with your advisor. It provides you with questions that you can ask your advisor questions about investments and investment strategies. If that is not enough, you can always seek the opinion of another advisor, keeping in mind that you should check their registration status and background beforehand.
To find out more about choosing an advisor and managing your relationship with that person, visit the Work with an advisor section of InvestRight.
For more answers to questions that people often ask us, go to our Questions & Answers section on our website. We also invite you to send us your questions through our Talk to Us button on the InvestRight homepage, or by commenting on this post.