Formal financial education, when combined with advice and practical learning, can help set the stage for a lifetime of informed and confident financial decision-making. RBC Wealth Management (RBC WM) recognizes the importance of helping clients and their families build sound financial management skills, offering a range of resources to support and encourage financial learning, including the RBC WM Financial Literacy Program
Investing can generally be defined as allocating resources — time, money, energy or effort — into something, with the goal to generate income or growth. Sometimes, this income or growth is called return on investment, or return for short.
When you invest your money, it has the potential to grow. There are many different types of investments, and some common examples include stocks, bonds, funds, guaranteed investment certificates (GICs), currency and real estate.
Investments have different associated risks, differing potential returns and can fluctuate up and down. Most investments will also have some type of fee, which is a cost to buy, sell or hold an investment.
Determining your investor profile and your tolerance for risk will help in identifying the most appropriate options as part of building your investment portfolio.
It’s important to be an informed consumer, to ask questions about your investments and to understand your investment options. For more information on investing, contact us today.
Interested in learning more about investing? Check out these related resources:
- Mydoh: Basic Investing Terms and Definitions
- You’re never too young to start learning about investing
- Insights: Setting a Strategy for Regular Investing
- RBC Global Asset Management: Investing 101
- How do you think about risk as an investor?
This information has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager & North Investment Counsel Inc., Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and certain divisions of the Royal Bank of Canada. *Member-Canadian Investor Protection Fund. Each of the Companies and the Royal Bank of Canada are separate corporate entities which are affiliated. This information is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. ® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2023. All rights reserved.