A practical guide to investing at every life stage Feb 3rd

How to go about securing the best return for your investment in Canada.

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A practical guide to investing at every life stage

– moneysense.ca

Investing is a long journey, not a single decision. So, when planning out your investment strategies, it helps to consider where you’re at in your life and retirement timeline.

As your financial needs change from early career to mid-life to pre-retirement to retirement itself, so, too, should the way you approach your investments.

Setting foundations and leaning into growth

Even though retirement is likely decades away, getting started with investing when you’re in your 20s or early 30s is one of the best money moves you can make. You’re likely embarking on your career, so you’ll have a steady source of income. But more importantly, you’ve got decades to go until you’ll need to access your retirement funds, which gives you more leeway to weather ups and downs in the market.

In this stage, you should consider not only setting up your retirement funds, but also about setting aside money that you may need in the medium term, whether you’re saving for a house or car, or planning for a family…

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