7.1.10 Summary of key messages

From: Financial Consumer Agency of Canada

  • It's important when you start investing to understand the basics.
  • When you set clear investing goals, you can target your investments to help you accomplish them.
  • Your investor profile includes your approach to the duration, return, risk and liquidity of an investment.
  • To choose an investment strategy that will meet your needs, in addition to knowing about investments, you need to know about yourself, your tolerance for risk, and how your emotions, habits, values and behaviours affect your financial decisions.
  • Often, the financial return on paying off debt is greater than the return on investing.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage your investing successfully in the future. Use the action plan as a road map for financial action!

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