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
You might also be interested in