You have got money. Maybe not a lot but some and you want to see it multiply like Gremlins in a swimming pool. Once you have got budgeting, savings and debt under control, you might consider investing your bucks. A lot of people when they first get started, they feel it is overwhelming.

These are some investment tips for beginner investors.

Start now

You are never too young to start putting away a small amount monthly after you get your first job and once you do your budget and figure out. The longer you invest for, the more money you are going to make. You are going to have your ups and downs; but if you invest from 23 to 33 versus someone who starts at 33 and invests until they are 53, the person who starts at an earlier age because of compounding rates of return will end up with more money.

Speak to someone who has the knowledge

Find out your options. Speak to an investment advisor at your bank for example, about whether you should open up a tax-free savings account (TFSA) or invest in your registered retirement savings plan (RRSP). Once you understand all the different types of accounts, the pros and cons, then you’re more educated to make those appropriate decisions.

Start with familiar

Stock market is not easy, so before getting into; you must be familiar with it to become successful. If you drink a beloved green tea latte everyday, buy any shares. If you want to get your feet wet and try it out, buying Apple shares because you own the iPhone, the iPad, the iThis and iThat is a great strategy. Investing is a serious business and you have to be up for the task from the word go. If you are someone who is in their early 30s, you are looking to perhaps buy a house. You want to invest more for the long-term where you are investing with a certain goal in mind.


Mutual funds and exchange-traded funds tend to be good products for young individuals who do not have enough assets to create their own diversified portfolio. The best way to describe mutual funds is it is a basket of investments. Everybody puts any amount of money they want into this basket. The average mutual fund basket might have in it $500-million or $1-billion. There is this mutual fund manager whose job is to decide where to invest this basket of money. An ETF is something similar except and a lot are not actively managed by a manager. You are owning through the ETF all of the different stocks that are on the Toronto Stock Exchange.


Your bank may have a discount broker’s arm. Open up your own account and trade yourself. However, if you go through a discount broker, no one will tell you what to buy, when to buy or when to sell.

You will have to do your own research to know the best credit solutions for yourself.

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