Investment funds
Whether you’re saving for retirement, building an emergency fund, or for any other reason, there are a variety of investment funds you can take advantage of in Ontario. While putting cash away into a savings account has advantages, you’re smart to also invest a portion of your savings. Smart investments ensure your money grows with no additional effort on your part.
Choose Your Investment Funds
There are two main types of investment funds: non-redeemable investment funds and mutual funds.
Mutual funds are a popular option because they’re flexible. You can invest at any time, but also sell at any time should you require access to your cash. With mutual funds, you’re investing in multiple assets at once, meaning your profit and gains are diversified. Income can be earned from interest on bonds, dividends on stocks within the portfolio, and more. Mutual funds are also a fantastic option for those who don’t know too much about the stock exchange and investing as there aren’t as many investment decisions required. With one payment, you can invest in a variety of things, and your risk preferences are monitored by your fund manager.
Non-redeemable investment funds come in the form of things like hedge funds or closed-end funds.
Managing Your Investment Funds
Investment funds can be hard to navigate and if you’re unsure which of these options is right for you, don’t be afraid to reach out any time – we’re here to help.
There’s much to consider when diving into the world of investment funds. Often, it’s a learning curve which is why a portfolio manager is good to have. They’ll have all the necessary knowledge and can point you in the right direction. They’ll create investment strategies based on your desired risk, and recommend certain products to help you reach your investing goals.
