🎙️Summary:
In this episode of 'Investments you should have' podcast, Megan and I go into the world of investment products, with a focus on mutual funds and GICs.. We explore the basics of mutual funds, their fees, and how they differ from exchange-traded funds. Additionally, we discuss the value of fees, the importance of finding the right fit with a financial advisor, and the changing landscape of the investment industry.
Chapters:
🎙️ 00:01 Introduction.
📈 02:10 How mutual funds work and their objectives.
💰 10:58 Know what you are paying for.
👩💼 14:43 The importance of working with a professional.
🔎 16:43 What's an ETF?
🔄 19:03 Comparing ETFs to mutual funds and explaining the concept of exchange-traded funds.
🏢 21:09 How ETFs are different from other investments.
🏦 27:56 What are GICs (guaranteed investment certificates) and how do they work?
📉 36:00 How stocks work and why they are volatile.
⌛ 41:21 Investing is a long-term game.
#InvestmentPodcast #MutualFunds #ETFs #GICs #Stocks #FinancialEducation #FeesNotTheEnemy #InvestmentInsights #FinancialWellbeing #ChooseWisely
🔗LINKS:
Black is the New Red: THE place to have Canadian money conversations! www.facebook.com/groups/blackisthenewred
SHOUTOUT: Have you thought about buying a rental property? If you're interested in finding out more, check out Meghan's site here: https://porterouge.co/
📞 HOW TO GET IN TOUCH:
Join the conversation with 8000+ other Canadians (and finance industry pros) in Black is the New Red: www.facebook.com/groups/blackisthenewred
DM Lindsay @ www.facebook.com/lindsayplumbmoneycoach
DM Meghan @ https://www.facebook.com/porterougeco
📞 Resources:
MOOLA Financial Coaches & Advisors
Michelle Hung: https://thesassyinvestor.ca
