Grow your investment knowledge
What is dollar-cost averaging?
An investment strategy that reduces the risk of buying high and selling low by averaging the unit’s value over time. You buy fewer units when the unit values are high and more units when the unit values are low. Discover how this strategy can help you in the long run.
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How can I guard against inflation?
The best way to protect yourself from inflation is to have a good financial plan. You need clear goals and a diversified investment portfolio with some exposure to equities. Equities provide an opportunity for growth, while fixed-income assets can help provide stability. The ratio of fixed income to equities will depend on your risk tolerance and investment goals.
What is compound interest and how does it work for me?
Many people think they have many years left to save for retirement and cannot afford to start saving now. But even if you’ve just started working, putting a small monthly amount into a registered plan can add up to a large amount later. The earlier you start contributing, the less you’ll need to contribute on a regular basis to achieve the same level of retirement income. Letting time work for you is one of the most important reasons for investing in your retirement now.
The key is the income on your investments within your retirement plan continues to earn even more income when left to grow. This is often called the magic of compound interest, or earning interest on your interest. The longer your savings compound, the more you accumulate.
What are target date funds?
Target date funds are structured to maximize your returns by a specific date. They aim to strike the right balance between the risk needed to grow your wealth and more conservative bets to safeguard your money as you age. Learn more about target date funds.