Investing 101: Treat it like your business

For those of you who are new to investing, please watch these videos to better understand my investment blogs that I will be posting in the near future. Although these videos don't go into detail, they will provide a great introduction to powerful concepts. In my blogs, I will go into further detail to synthesize all these concepts together and make it work. Make sure to watch and re-watch these videos until you understand it. Treat this like your business! As a business owner, your role is to take notes, track your progress, know where your money is going and educate yourself in order to maximize your profit. So get yourself a personal finance binder and lets get started!

What is Investing?

What is Compounding?

What is a TFSA?

Please keep in mind the contribution limit is subject to change depending on the Canadian government, always check the CRA website to make sure. You can also see your maximum contribution amount when you register on http://www.cra-arc.gc.ca/myaccount/

What is a RRSP?

What is a Stock?

What is a Bond?

What is a GIC?

What is a Mutual Fund?



What is an Exchange-traded fund (ETF)?