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A great way to invest, diversify, and potentially earn higher returns
A mutual fund is a group of different investments like stocks, bonds, and other types of funds. When you buy a mutual fund, you’re pooling your money together with other investors. This makes it easier for you get into the market and diversify without paying big bucks to buy individual investments.
Mutual funds are managed by professionals, so you don’t need to worry about buying and selling individual investments on your own.
You can buy mutual funds in a regular, non-registered investment account, or include them as part of your RRSP or TFSA.
To learn more, connect with Credential Asset Management Inc. through motusbank
You don’t need lots of money to start investing in mutual funds. An initial investment of $500, or $25 per month, is all you need to start growing your money. How easy is that?
First off, mutual funds aren't guaranteed, but they have the potential to earn more than savings accounts or GICs. Plus, they’re professionally managed.
By pooling money from lots of investors, the mutual fund can buy a variety of different investments. This helps offset risk - if one investment performs poorly, another might do well.
Why should I invest?
Explore Investing with motusbank
With savings accounts and GICs you earn interest. With mutual funds, you earn money based on the types of assets in the fund. These assets could generate dividends, interest, or capital gains/losses. While your principal (the amount you initially invest) isn’t guaranteed and returns can vary, mutual funds can typically result in more growth over the longer term.
Making mutual funds a part of your investment plan is a great way to grow your savings.
Tip: Regular investing can help you stay on track. Set up regular automatic payments, like $25, $50, or $100 per month, to grow your money!
What is a pre-authorized contribution plan?
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Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Mutual funds, other securities and securities related financial planning services are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.
The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This article is provided as a general source of information and should not be considered personal investment advice or a solicitation to buy or sell any mutual funds.
**For illustration of the potential growth comparison between a balanced mutual fund vs GIC.