Welcome to a space dedicated to women and investing – a place where investment empowerment takes centre stage. Financial independence is a critical aspect of personal growth and security. That’s why we believe it’s meaningful for women to actively engage in the world of investing.
Why come to us? Because we’re an independent provincial government agency that provides unbiased investing information. We’re not here to sell you products or sway you toward a specific investment strategy. Our goal is to arm you with knowledge and information you need to invest with confidence.
Our resource is based on research that addresses the unique needs and perspectives of women. We know women face distinct challenges and opportunities when it comes to investing, and we’re here to provide you with the guidance and knowledge you need to succeed.
Let’s embark on this path to investing with confidence together.
No one’s investing journey is straightforward and no two investing journeys are the same. So it’s important to know your financial self – this means understanding your financial goals, risk tolerance, time horizon, and investment knowledge. It takes time and patience to build a good long-term investment plan. Be honest with yourself and be open to learning – overestimating your investment knowledge can lead to problems.
Let’s start with a basic question to help you learn about your financial self.
Identifying as an investor is significant and can make a big difference when it comes to managing your financial goals.
Fact: Women consistently feel the word ‘investor’ doesn’t describe them (only 22% described themselves as an investor).
People who identify as investors are more likely to understand the risks and benefits of their investments, be on track to meet their investment goals, and have an understanding of the fees and charges associated with their investments.
You’re an investor if you’ve placed money in any type of account or product that has the potential to earn more than the interest a traditional savings account provides. You’re a saver if you put your money in a savings account and nowhere else.
Decide what you want to accomplish with your money and when you want to accomplish it.
Your financial goals are unique to you, so whatever your situation, it’s important to consider where you are now and where you want to be in your future. Setting goals is an important first step toward becoming financially secure.
Without goals, it’s harder to be persistent and strive toward a better financial situation. When you have a specific goal, you’re more likely to take the necessary steps to achieve it.
Fact: The top three investment goals identified by women are retirement (55%), vacation/travel (41%), and paying down debt (30%).
Retirement in Focus: The sooner you set your retirement plan in motion, the more time your savings have to grow. Starting to save early is one the most impactful components of a successful retirement strategy because your money has more time to earn interest or gains on the earnings that you make in the account (also known as compounding).
Once you’ve figured out your goals, start thinking about your time horizon and risk tolerance.
InvestRight is brought to you by the BC Securities Commission
The BC Securities Commission (BCSC) strives to make the investment markets benefit the public – enabling people to achieve their financial goals, enterprises to grow, and British Columbia to thrive.
Through smart rules, diligent oversight, strong enforcement, and reliable guidance, we act as guardians of the province’s investment marketplace, striving to make BC a place where people can invest with confidence and companies can flourish.
BC Securities Commission
701 West Georgia Street
P.O. Box 10142, Pacific Centre
Vancouver, BC V7Y 1L2
BCSC Contact Centre: 604-899-6854
Toll Free: 1-800-373-6393
Email: [email protected]
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Cryptocurrencies and blockchain are the same thing.
Nice work. You have a good understanding of crypto assets! Crypto assets are a constantly evolving type of investment, so there is always more to know. Visit InvestRight.org to learn more about crypto assets, investment fraud, and other important investor education information with these resources:
Good job. You understand the basics of crypto assets! Because crypto assets are an ever-changing type of investment, there is always more to know. Check out InvestRight’s crypto asset resources to learn more about these digital investments:
Taking this quiz is a good start in assessing your knowledge. There is much to learn about crypto assets. This quiz is only an introduction to the basics. To find out more about crypto assets, check out some of the following resources:
