A simple guide to investing your first $500
When you have a limited budget, every dollar has to work harder. The margin for error is slimmer, and the overwhelming number of financial products, from ETFs to individual stocks, can lead to analysis paralysis. Experts say there is no bulletproof way to stock pick in the early stages. Instead, focus on structure, simplicity, and consistency.
Pick the right home for your money
Before browsing the stock market, young investors need to decide where their money will live. There are a number of options including the tax-free savings account (TFSA), registered retirement savings plan (RRSP), first home savings account (FHSA), or an unregistered account.
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