Getting started investing your money can seem like a daunting task. As I’ve written in a previous article, the Tangerine Investment Funds are a great option for those new to investing in index funds, and want a low-maintenance option for their investments (i.e. after you purchase, you can forget about them and they’ll do their thing). Today I’m going to go through the exact steps involved in purchasing Tangerine Investment Funds, and help take away some of the guess work. Related link: Tangerine investment funds – what are they, where do I buy them, and how much do they …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.