Your investments, your way
We all do things differently, and often times, have
different approaches to the same situation. It’s no
different when it comes to investing. Depending on your financial
goals and lifestyle, you might find you have a different strategy
than your neighbour or friend.
If you’re the type that tends to like to
do things your own way, perhaps do-it-yourself investing is for
you. This service is gaining traction around the globe for its
convenience of trading online from your home computer at your own
“DIY investing is suited to people who
are independent minded and like to take control of their portfolio.
It allows you to manage your investments the way that you want,
anytime from anywhere,” says John See, president of TD
Waterhouse Discount Brokerage. “And just because you are
“doing-it-yourself”, doesn’t mean you
have to go at it alone. TD Waterhouse, for example, provides an
extensive selection of independent research tools and offers 24/7
telephone support to help investors make informed decisions with
confidence,” he adds.
Your financial goals will determine which
investment vehicles best suit your needs. For short-term purchases
like a car, you can open a TFSA. For long-term goals like saving
for retirement, you can consider stock-based investments inside an
“It’s also important to know
the tax deadline. To take advantage of possible tax savings this
year, you must invest in your RRSP before March 1, 2011,”
Do-it-yourself investing is ultimately up to you;
you can steer the direction of your investments while achieving
your financial future, your way.