Tips for Your Investment Journey
We have information and tools for wherever you’re at in your investment journey – whether you’re starting your journey or you’re getting close to retirement, and everything in between. Click on the age group relevant to you to build investing knowledge and gain the confidence you need to help you make informed investing decisions.
Age 15-29 – People starting their investment journey
- Set your financial goals
- Understand if you’re a saver or investor, or both
- Find the investment account(s) that work(s) for you
- Think about the level of risk you’re prepared to take with your investments
- Consider common types of investments that can help you reach your goals
- Consider the options you have when it comes to how you manage your money
- It’s never too early to start thinking about retirement
- Find out if you’re ready to start investing
- Watch some short videos to get basic information on how to get started with investing
Age 30-44 – People saving and investing for retirement or other goals
- Understand how diversification can help reduce investment risk
- What you should know before buying and selling investments
- Find out what makes certain investments so risky
- What you need to know about crypto assets, real estate-based securities, and other alternative investments
- Understand the private placement market and its risks
- Consider return on investment (ROI)
- Manage your debt
- Consider the options you have when it comes to how you manage your money
- A registered investment advisor can help you with your journey
- See how your investments can grow over time
- Compare different investments and rates of return
- See how investing can impact retirement
- Watch some videos to help deepen your knowledge about investment products and markets
Age 45-59 – Pre-retirees
You’ve Got This
Investing may seem complex, but every successful investor started with curiosity and the courage to take the first step. It’s a journey that can be both personally fulfilling and financially rewarding. The fact that you’re using this resource to learn more about investing and gain the confidence you need to take control of your financial future is a step in the right direction. Your desire to grow, learn, and take control of your financial destiny is a testament to your strength and determination.
Investing is a marathon, not a sprint. While markets may fluctuate, time is often your best friend. By staying committed and having a long-term perspective, you can weather market ups and downs and benefit from the power of compounding. With time on your side, learn to embrace the idea that it’s okay to make mistakes and learn from them. Experiencing setbacks is a stepping stone toward greater understanding. So embrace the opportunities, embrace the risks, and, above all, embrace your own potential.
Your journey toward investing with confidence is an empowering path, and we’re here to offer our support. Although the BCSC can’t recommend or give advice on investments, we can answer general questions about investment products and services, tell you if an investment firm or representative is registered in BC, and tell you if the BCSC or another securities regulator has disciplined an individual or company.
Believe in yourself and know that confidence grows over time. You have the ability to learn and adapt, and you’re capable of making smart investment decisions. Trust in your own capabilities – you’ve got this.