Advertisement
Ask yourself this one important question first
If you want to be able to build a successful portfolio, it’s important to get a good sense of your investing goals and your knowledge of the market. Maybe mutual funds are right for you. More self-directed investors might be interested in stocks or more diversified indexed products, such as exchange-traded funds.
With MoneySense‘s May 7 Invest for Success event coming up, editor-in-chief David Thomas asked Norm Rothery–MoneySense contributing editor, Value Hunter columnist and chartered financial analyst—to share a tip with our readers on the first question investors should ask themselves before buying stocks.
Here’s his response:
Budding stock pickers should figure out how much time and effort they want to devote to their investing activities. Some traders are active all day while dividend investors might take a more relaxed attitude due to their focus on the long term. Pick the approach that best suits you.
The new rules of bond investing »
Want to learn more?
Hear Norm Rothery and others, including Kurt Reiman, chief investment strategist for BlackRock Canada and MoneySense columnist Dan Bortolotti share more investing tips on May 7 in Toronto.
Tickets to Invest for Success are still available. You won’t want to miss out. Register now!
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Practical advice on how to build your retirement savings for employees at mid-career, the self-employed, single parents and more.
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Which ETFs should you invest in? Which ones best suit your risk tolerance? What about personal ethics? Check out...
The Trump effect and Trumponomics, Shopify’s huge earnings beat, it’s sunny days for Suncor shareholders and more.
Here’s how to get your free ticket to attend two MoneyShow virtual expos.
The oilsands giant will return all excess cash to shareholders after hitting debt target early.
You started investing in your 20s, and you feel pretty good about doing it. But now what? Consider impact...
Shopify reports third-quarter net income of USD$828 million, and its executives aren’t concerned about how Trump’s election win will...
