Managing your investments can be an overwhelming task, so today on The Marc and Mandy Show we ask an expert for his opinion. Keep reading for the highlights of Marc’s chat with Rob Tetrault of Canaccord Genuity Wealth Management about the power of investment and customizing wealth management. To learn more about investments and portfolio management, check out the video above.
Why should you invest?
The neat thing about investing is you get the power of compounding on your side. So a dollar starts working for you from day one, whether you’re 25 or 30 or 35. If you can get that dollar working for you way earlier, you get the power of compounding on your side; compounding the dividends and the interest, so you get more money at retirement.
Do you need to have a certain amount of money in the bank before you start investing?
You can start off with the first dollar that you save. That first dollar should be invested. You can take some growth funds or some equity funds to make sure you have that money working for you. You don’t need to have a million bucks. The goal should be to get that money working for you early.
Talk to me about the process of portfolio management?
Portfolio management involves holistic wealth advice which should be customized to your needs and plans for the future, be that saving for your kids’ college fund to saving for a second property for your retirement. A good portfolio manager should be willing to walk a mile in your shoes.
About Canaccord Genuity Wealth Management:
Canaccord Genuity Wealth Management is Canada’s preeminent wealth management firm, focused on providing best-in-class wealth management strategies and capabilities. To learn more about the company and the services they offer, visit the Canaccord Genuity Wealth Management website.
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