Investor vs. Saver Quiz
Identifying as a saver or an investor is an important first step towards setting specific financial goals and building a plan to achieve them. Take this quiz to determine if you’re currently an investor, a saver, or both.
Investor vs. Saver Quiz
Investor vs. Saver Quiz
This quiz doesn’t take into consideration non-securities, such as insurance, gold, diamonds, art, and others.
Investor vs. Saver Quiz
Investor vs. Saver Quiz
This quiz doesn’t take into consideration non-securities, such as insurance, gold, diamonds, art, and others.
Do you have any savings or investments set aside for the future?
Do you have savings in a typical bank account?
Do you contribute to a Tax-Free Savings Account (TFSA)?
Do you contribute to a Registered Retirement Savings Plan (RRSP)?
Do you hold any of the following investment products?
- Mutual funds
- Equities (a.k.a. stocks or shares)
- Exchange-traded funds (ETFs)
- Term deposits or guaranteed investment certificates (GICs)
- Corporate, government, or municipal bonds
- Other securities
Right now, it doesn’t look like you’re a saver or an investor.
Savers typically put money in a savings account and nowhere else. Investors place money in any type of account or product that has the potential to earn more than the interest a traditional savings account provides. Investors purchase stocks, bonds, mutual funds, exchange-traded funds, and other investments.
Our Get Started with Investing resource can help you on your financial journey. It has more information on saving and investing, and you can learn about which one might be right for you.
You Are a Saver
This means you only put your money in a savings account and nowhere else. Savers put money aside for the future, purchases, and emergencies without the expectation of it gaining large sums of interest.
If you’ve thought about using your savings for investing but don’t know where to start, visit our Get Started with Investing resource to learn more.
You Are an Investor
This means you have placed money in any type of account and/or product that has the potential to earn more than the interest a traditional savings account provides. Investors purchase stocks, bonds, mutual funds, exchange-traded funds, and other investments.
Identifying as an investor makes a big difference when it comes to managing your financial goals. When you identify as an investor, you’re more likely to understand the risks and benefits of your investment(s), be on track to meet your investment goals, and have an understanding of the fees and charges associated with your investments.
Learn more about the basics of investing with our Get Started with Investing resource.
You Are a Saver and an Investor
This means you put your money in a savings account as well as in any type of account or product that has the potential to earn more than the interest a traditional savings account provides.
Savers put money aside in a typical bank account for purchases and emergencies without the expectation of it gaining large sums of interest. Canadian savers can also use TFSAs and RRSPs as savings accounts.
Investors purchase stocks, bonds, mutual funds, exchange-traded funds, and other investments. Many investments can also be purchased through registered accounts, such as an RRSP and TFSA.
Learn more about the basics of investing with our Get Started with Investing resource.