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)
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