Financial Services in Toronto- Ways to multiple your assets to diversify portfolio

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 When you start earning, it also becomes really important to ensure that you get to know all the tools and the methods for multiplying your profits. However, finding out how to enhance your assets appropriately is easier said than done.  Experts from the best financial services in Toronto will help you to find out the best investment is that you can make in the country. You also have to consider choosing the best investment opportunities that suit your short term and long term investment goals.

 With the right investment, you are participating in your money’s future purchasing power.  Investing your money will help you in getting a higher return that crosses the inflation rate. So, the question is where should you put your hard-earned cash?

 First of all, you have to determine your financial aspirations in term of both short term and long term goals.

Ø  The short term goals are the ones that you can achieve within 1 to 5 years. While the long term goals that require more than 5 years to get achieved. To achieve your short term financial goals, go for low-risk investments like GICs or high-interest savings account.

Ø  For long term goals like retirement goals, take a higher risk by investing in bonds and stocks. For this, you must know about the investments that offer the best returns.

 Investing is a trade-off between returns and risk. You will find that low-risk investments come with low expected returns. On the flip side, the higher risk investments come with high returns on investment. Though you do not run the risk of losing money with a high-interest account, you cannot expect to get rich with your deposit in the same account. The same is applied to the guaranteed investment certificate (GIC).

 With stocks, you can get fantastic returns over the long term and it is a surely riskier investment. Moreover, stocks are more volatile and you may even lose money in the short term. Overall, the different types of investments include:

·        Risk-free investment: These investments are the promotional interest rate on a high-interest savings account, switching to a no-fee chequing account, cashback credit card rewards and more.

·        Low-risk investments: The investments include  Guaranteed Investment Certificates (GICs), Money Market Funds, annuities

·        Medium risk investments: They include Index mutual funds, exchange-traded funds (ETFs), actively-managed mutual funds, corporate bonds and shares

·        High-risk investments: These include individual stocks, penny stocks, cryptocurrency, peer-to-Peer lending and more.

To learn more about the best financial investment, reach out to reputable financial services in Toronto that can give you astute advice based on your requirements.

ITG Trade Group is one financial service that has helped thousands of investors, both newbies and seasoned market players to enhance their asset to a fortune.

Location: Toronto, ON, Canada

Comments

  1. Frontwater Capital29 September 2021 at 21:41

    Thanks for sharing for the wonderful and relevant blog with us. You also can offer some suggestions on Independent Investment Advisor. 

    ReplyDelete

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