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February Newsletter

Personal Wealth and Finance

Advisors in Canada

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Develop an investment strategy

February 1, 2026

 Before you begin investing, it is important to develop a plan.

  • Patience eliminates a desire for get-rich-quick profits. No one gets rich overnight after purchasing mutual funds. However, many people will get rich investing in them over the long term (at least 5-10 years).
  • Identify your investment goals. Will you be saving for your child’s education over 15 years, or investing for retirement over 5,10 or 20 years? Choose funds that best suit your investment purpose. For example, keep short-term investments liquid. If you are putting money away for an emergency (it is advised to save three months’ income for this), you may consider a money market fund. For a longer period (5-10 years), consider using equity funds – those that hold market-correlated stocks.
  • Invest in several types of funds. Don’t put all your money in one fund basket. Utilize several types: equity, balanced, bond, and money market funds, for example. Create a well-rounded portfolio.
  • Maximize your tax savings. Mutual fund investments can be held in a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP).  The RRSP contributions are tax-deductible in relation to your taxable income, and the investments grow tax-deferred and are only taxed when taken into income.
  • Position your fund investments. The best place for retirement investments that accrue interest or generate consistent high returns is inside your TFSA and RRSP, because the income on these investments won’t be taxed year by year. Thus, you will gain the advantage of the full yield without the ongoing annual tax on interest-as-income. If you earn 10% and pay 40% in tax, you’ll only net 6% in a non-sheltered, non-registered investment. In the RRSP and TFSA, you’ll get the full 10%.
  • Invest in yourself first. The advantage of owning mutual funds is that you can establish a plan in which money is automatically withdrawn from your bank account each week or month and invested (by purchasing fund units). By doing this, you probably won’t miss this portion of your pay; try to invest 10-20% of your pay using this method.

 

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The particulars contained herein were obtained from sources which we believe are reliable, but are not guaranteed by us and may be incomplete. This website is not deemed to be used as a solicitation in a jurisdiction where this representative is not registered. This content is not intended to provide specific personalized advice, including, without limitation, investment, insurance, financial, legal, accounting or tax advice; and any reference to facts and data provided are from various sources believed to be reliable, but we cannot guarantee they are complete or accurate; and it is intended primarily for Canadian residents only, and the information contained herein is subject to change without notice. References in this Web site to third party goods or services should not be regarded as an endorsement, offer or solicitation of these or any goods or services. Always consult an appropriate professional regarding your particular circumstances before making any financial decision.

Mutual Funds and/or Segregated Funds Disclaimer

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investment funds, including segregated fund investments. Please read the fund summary information folder prospectus before investing. Mutual Funds and/or Segregated Funds may not be guaranteed, their market value changes daily and past performance is not indicative of future results. The publisher does not guarantee the accuracy and will not be held liable in any way for any error, or omission, or any financial decision. Talk to your advisor before making any financial decision. A description of the key features of the applicable individual variable annuity contract or segregated fund is contained in the Information Folder. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value. Product features are subject to change.


 

 

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