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Financial expert tips for getting started in investing money

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You’ve probably heard that investing is one way to build wealth passively, but you do not know how or where to start. For anyone who has never dabbled with investing, it may seem like a very complex endeavor, but it does not have to be.

A couple of years ago, retail investors did not have easy or direct access to financial markets or investment platforms. However, in recent times, the investing process has been simplified. This guide explains the basics of investing and how to get started.

What is investing?

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Investing means putting your resources into a venture or product and expecting gains or returns. When it comes to the world of finance, investing is the act of buying financial assets that can appreciate or yield income.

The most common financial assets you can purchase are stocks, bonds, and fixed-income securities. Other non-conventional investment assets are commodities, real estate properties, and crypotcurrency.

Common financial assets

Stocks: Stocks are shares in a company. When you buy a company’s stock, you give that company your money in exchange for ownership of the company. As the company grows and earns profit, you can also make returns through dividends or capital gains —when the share price increases.

For example, assume you purchase a company’s share for $30. If in three months, the share price increases to $35, the value of your share increases. You will have a $5 capital gain when you sell your share.

Stocks are risky assets because a company can go bankrupt, or its share price can decrease.

Bonds and Other Fixed Income Securities: Bonds provide a way for investors to lend companies and governments money in return for interest and the principal after a fixed period.

Fixed income securities are considered relatively safer than stocks or other complex investment assets.

Real Estate: There are various ways to invest in the real estate market. You can buy real properties such as land or houses and sell them at a higher price or earn rental income over time. Real estate investments also include passive assets such as real estate investment trusts, also known as REITs, and real estate funds.

Commodities: Commodities sold on the financial markets include oil, gold, agricultural products, or other precious metals. These assets yield returns when the value you purchased them for increases over time. Like real estate investing, you can invest in real commodities directly or through other financial securities linked to the commodities.

Some financial securities are simple and basic, and others are not. For example, you can invest in exchange-traded funds (ETFs), mutual funds, or index funds. These funds are usually a combination of various stocks, bonds, or other financial securities.

How to invest in the financial markets

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Generally, to start investing, you need to buy financial securities through a financial institution or a brokerage.

You can walk into any bank or call a financial institution through the phone to ask about their investing options. Financial institutions give you various investment products and assets to choose from.

When you invest through a bank, you will pay fees to the investment managers who help you buy and sell financial securities and manage your investments.

Investing tip 1: Investing can be risky, and you can lose money. Always research before you buy any financial asset or invest through any financial institution.

You can also invest through an online brokerage. Online brokerages in Canada are TD Direct Investing, National Bank Direct Brokerage, RBC Direct Investing, Wealthsimple, Questrade, and Qtrade. Most online brokerages charge you commissions and fees to buy and sell financial assets such as stocks, bonds, REITs, or ETFs.

Registered investment accounts in Canada

The Canadian government taxes you when you invest and make capital gains or income. However, the government has created savings and investment accounts that allow you to defer or avoid taxes.

Types of tax-advantaged registered investment accounts are the tax-free savings account (TFSA), registered retirement savings plan (RRSP), and registered education savings plan (RESP).

You can buy allowable financial assets such as stocks, bonds, mutual funds, and ETFs through these registered accounts.

When you open a tax-free savings account and invest through your plan, your investment earnings are tax-free.

Investing tip 2: Registered investment accounts in Canada have rules and limitations. Learn more about them and comply with the guidelines to avoid penalties and tax implications.

The registered retirement savings plan allows you to save for retirement and defer taxes until you withdraw from the account.

You can use the registered education savings plan to save and invest for post-secondary educational purposes.

Investment risk and returns

Investing involves risks. Risky assets usually have the potential for higher returns, but you also stand a higher chance of losing your money. You need to invest in assets that meet your risk appetite and allow you to achieve your financial goals.

Investing tip 3: Diversifying your investment portfolio helps to manage risks and minimize the impact of financial losses. Diversifying your investment portfolio means you buy different assets or invest across various industries and locations.

Investing can be a wealth-building tool if done right. Ensure you consult a financial expert to help you on your investment journey and get helpful resources on the internet to broaden your investing knowledge.

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Record investment in MB highways in store for 2023 – DiscoverWestman.com

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MLA for Turtle Mountain, Doyle Piwniuk, says he’s looking forward the New Year as one full of accomplishments.

“I’m very optimistic, we have a very big year going forward provincially,” he explains.  “We’re looking at economic development, reconstructing of more highways, like Hwy 23 in the region, and we have more highways to fix.  Going forward in 2023 there will be a record investment in our highways.”

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“It’s also going to be a good year for the Turtle Mountains area too because of the opportunities at the International Peace Garden and the economic development in the different communities. I believe we are going to have a very bright 2023,” adds Piwniuk.

“On behalf of my family to your family, I want to wish you a very merry Christmas and a happy New Year,” he shares.  “And, any time you want to get ahold of me please contact info@dolyepiwniuk.ca or you can call our number at 204-552-0130.”

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Choose Your Investment Guru Wisely – Forbes

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If you want to learn how to play tennis, it makes more sense to take the Masterclass from Serena Williams than to watch a random infomercial or a video from your high school coach. If you want to learn about investing you should also seek out the best.

Warren Buffett is verifiably the best investor of all time, with an audited track record going back several decades. Why, then, do so many would-be investors choose other role models, who all too often turn out to be hucksters and hacks—or just plain misguided?

I’ve asked the question many times. I’ve posed it to my NYU finance students each semester for over 20 years. Still, there’s no satisfying answer. I could hardly believe it when Bloomberg reported that Caroline Ellison of Alameda, FTX, and crypto infamy (and the former girlfriend of Sam Bankman-Fried) had supposedly learned investment strategies from Edwin Lefèvre’s Reminiscences of a Stock Operator, a roman à clef based on the life of Jesse Livermore, the stock trader who made a fortune shorting stocks before the 1906 San Francisco earthquake.

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I’ve heard other young stock enthusiasts cite the book before. In 2021, Business Insider published a profile of 20 ambitious teen traders. One even mentioned Reminiscences as a favorite book. It’s one thing to read this book as entertainment. It’s another thing entirely to read it as an instruction manual. That’s because the book was published in 1923—long before Jesse Livermore’s last act.

At the age of 14, young Livermore had his first job posting stock quotes at the Boston branch of Paine Webber. His colorful life makes for great artistic inspiration and Lefèvre was probably unable to resist the allure. Livermore made and lost his fortune many times, not a sign of a good investor but rather the clear profile of a gambler and speculator. Livermore was a flamboyant character. He had a railcar, yacht and an extravagant apartment on the Upper West Side. He belonged to exclusive clubs and kept many mistresses. In the panic of 1907, Livermore made a million dollars in a single day. This was real money back then. But by 1915 he had filed for bankruptcy—and not for the first time. In the end, he lost his entire fortune and filed for bankruptcy a third time. This was in 1934, when his assets were listed at $84,000 and his debts at $2.5 million. That was his final business act. His final personal act was to shoot himself to death in the cloakroom of the Sherry-Netherland hotel in Manhattan on Thanksgiving Day, 1940.

In an era where people get their news from TikTok and Instagram, it’s not surprising that they would take the same dumb approach to learning about investing. But if you ever base your investment technique on a novel, be sure you know the ending of the real story first.

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Government of Canada announces investment in three Waterloo Region tech businesses – ITBusiness.ca

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Today, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced an investment of more than $10 million in three Kitchener-Waterloo tech companies.

Miovision Technologies is a Kitchener-based company that lets cities and towns reduce traffic congestion and vehicle emissions while improving public safety through intelligent transportation solutions. With the $7.4-million repayable investment through the Jobs and Growth Fund, Miovision will develop TrafficLink and Scout, its traffic monitoring hardware and software. It also plans to increase its network by up to 100,000 intersections in North America over the next four years, and will further its transition into “Smart City” technologies, expanding its presence globally and adding 58 jobs,

Advanced Electrophoresis Solutions Ltd. is a Cambridge medical technology manufacturer specializing in the development of testing instruments for pharmaceutical companies to analyze protein structures and interactions. The repayable investment of over $1.7 million, through the Business Scale-up and Productivity stream, will allow the company to increase the production of ready-to-use customized testing instruments, and grow its sales and marketing team. Advanced Electrophoresis Solutions is looking to expand its presence in Asia and Europe while also creating 11 additional jobs within Waterloo.

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Huron Digital Pathology is a St. Jacobs-based medical equipment company that develops digital imaging solutions in the pathology field for the clinical, research and education markets. With the $1-million repayable investment through the Business Scale-up and Productivity stream, the company can increase the production of its digital pathology scanners. It hopes to revolutionize disease diagnosis by being the first company to bring to market an Artificial Intelligence (AI) enabled image search engine for use in the pathology field. Huron Digital Pathology is looking to increase its productivity. with the goal of producing over 100 scanners every year and creating 11 skilled jobs.

“Tech companies, like the three highlighted today, are what builds Waterloo region’s growing resumé of research and innovation. Canadian tech companies work tirelessly to bring new products and processes to markets that will benefit our regional economy and Canadians,” said The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “The Government of Canada is committed to supporting businesses as they adopt new digital solutions, enhance global competitiveness and create local jobs that will contribute to a growing economy that works for everyone.”

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