Simply put, investing means putting your savings to work for you so they can grow.
Having a mix of different investments is one of the keys to a smoother investment experience – even when markets are moving up and down a lot. This is because when one investment is not performing well, others will likely move in the opposite direction. They balance each other out, more or less.
Why do many investors work with a financial advisor?
There are literally thousands of investment options for Canadian investors – many of them in global markets. Advisors have access to research that helps them determine which investments are right for you – based on your goals as an investor, how much risk you are comfortable with, and how long you have to invest.
An advisor can also help you create an investment plan for the long term. If you stick with your plan, you will more likely avoid the common mistakes investors make – like moving out of long-term investments after short periods of time. Research over a 15-year period shows investors who worked with an advisor have almost 4 times the assets of investors who didn’t.¹
1. Source: The Gamma Factor and the value of Financial Advice, Claude Montmarquette, Natalie Viennot-Briot, 2016
Learn more now about the value of working with an advisor. Or, to learn more investing basics, explore the relationship between the stock market and the economy. Ready to start investing? Talk to a financial advisor to develop a long-term plan and/or choose investments that are right for you.