Tips for Newcomers Starting with Self-Directed Investing
Managing your own investments may be an appealing option for you as a newcomer to Canada.
With a self-directed investing account, you have the flexibility to make your own choices about where to put your money.
What is Self-Directed Investing?
Self-directed investing gives you the opportunity to make your own investment decisions, rather than relying on a financial advisor.
You may choose which stocks, bonds, exchange traded funds (ETFs), or other products to include in your portfolio.
This approach matches your investments to your risk tolerance and goals.
Getting Started
Investing is a way to put your money to work, rather than letting it sit in a bank account with limited growth.
By selecting investment products that suit your goals, you may see your money grow over time.
Author summary: Newcomers to Canada can manage their investments with self-directed accounts.
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