When you buy units of a mutual fund, you’re pooling your money with other investors. If you’re a small investor, this enables you to own a much wider mix of investments than you would likely be able to afford on your own.
To learn how investing in a mutual fund can be an effective way to save for important goals such as retirement or your child’s education, watch:
For other smart ways to save and manage your money, check out:
- Registered Retirement Savings Plans (RRSPs), simply put (Video)
- Registered Education Savings Plans (RESPs), simply put (Video)
- Registered Retirement Income Funds (RRIFs), simply put (Video)
- Payout annuities, simply put (Video)
|Get more bright ideas on saving for retirement.|
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|Having a plan to protect your family and build your savings now can help ensure you will have enough money to last through retirement, so you can live your retirement your way. Learn about Money for Life.™|
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