Investing can be tricky. If you don’t know what you are doing you can easily make a bad decision. With so many investment options it can also seem impossible to select an investment vehicle. Although the idea of accumulating wealth is great it is not always easy to do so. There are many risks out there and if you are considering investing you need to do so in a way that will minimize your risks. Although speaking to an investment advisor about RRSP and RRIF for example, is something you should consider you need to learn more.
The success of an investment is based on market fluctuation. When prices go up you make money when they go down you loose. It is as simple as that. If someone can tell you that they can predict the market they are not telling the truth. What you need to do is find someone who has done ok when markets go down. It is all about the average. Everyone looses when markets go down but it is all about balancing things out. (more…)