Marie-Christine Daignault | Desjardins Group
The stock market can be overwhelming for people with little investment experience. You don’t need a PhD in Economics, though, to understand the basics. A little time, a lot of curiosity and a keen interest in the topic is all it takes!
When it comes to finances, knowledge is power!
How to become a savvy investor
Step 1: Take an honest look at your relationship with money. You’ll need to identify your saving goals, set some limits and figure out your risk tolerance.
Step 2: Dream a little. Or a lot. Why are you investing? Is it to get rich, buy a condo, take a dream vacation, finance your studies, prepare for retirement, or for something else?
Whatever your reasons, they need to be meaningful.
Step 3: Find your investor profile
Step 4: Open an account to invest online
Step 5: Get informed
Step 6: Take control and jump in