Reaching your financial goals can be a long and intimidating process, but we know sticking with it is well worth the rewards! People are often unsure of how to get started investing, so I’d like to provide you with some tips to get you on the right path.
For the first time investor, finding a professional planner to work with you is often the first step. You wouldn’t do your own dental work, so why would you want to sort through investing options on your own? The highest qualification someone can attain is their Certified Financial Planner designation. Look for the letters CFP behind their name and be assured the individual is fully qualified and keeps their training up to date.
A Certified Financial Planner will work with you to set your goals, including timelines for reaching them and how much you need to save.Once your goals have been established, your planner will help you determine what kind of investor you are. Questions you can think about to prepare include how do you want to approach investing? How important it is to keep your money safe? How important is it to grow your money as much as possible?The next steps are picking a mix of investments that suit you and then your specific investments. Both of these steps require a lot of research, which is where a planner can help. They work with investments every day and are equipped to provide you with advice that suits your needs.

Just because your money is invested doesn’t mean you can totally relax. Keeping track of your money is the key to reaching your financial goals. Keep your statements and review your investments on a regular basis to ensure you’re happy with the returns you’re receiving. If not, it’s time to revaluate, starting with your goals.

One of the most important investments you can make is for your child’s future. In Canada, Registered Education Savings Plans (RESPs) are a preferred savings plan for post-secondary education. RESPs are tax-deferred investments that let you save on behalf of your child or grandchild. Contributions can be made up to $50,000 and there’s an added bonus: the Canadian Education Savings Grant (CESG) from the federal government. It’s equal to at least 20% of RESP contributions!

Give me a call today to discuss your investments, or start an RESP for your child or grandchild.

Scott Macleod holds his Certified Financial Planner designation and works at Libro Financial Group’s Beechwood and Williamsburg branches. He can be reached at: scott.macleod@libro.ca.

 

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Jennifer McCallum

Thank you so much for stopping by this page to get to know a bit more about me and why I started Parent Guide Inc.

My business story started a way back in 2001…

…after the birth of my first daughter, I realized that an "all-in-one" resource guide for parents was needed, and fast! I designed the New Parent Resource Guide to fill a gap in the community for busy parents like myself. The New Parent Resource Guide offers an A-Z of key contacts for parents, caregivers, service providers, and health care professionals.  Working with key businesses and organizations in the community, we have also compiled much-needed articles, tips, and charts to answer all your parenting questions.

The latest addition to our family is the School Age Resource Guide to serve parents of children, 3 to 18 years!  This guide answers questions about: nutrition, bullying, curriculum, building self-esteem, and much more, as well as offering a full directory of local and national resources.

The Parentguide.ca website offers an “all-in-one” spot for parents to connect, add their own blog, and find needed resources in their community.  It is a site that educates and entertains and if you can't find somthing just ASK me.

I am here to serve YOU!  My hope is that you connect with our members, find comfort in their words, and share your own story. My goal is to see what I can do to help make life a bit easier for you.   You are why I do what I do!

I can’t wait to get to know you!  Comment below to tell me about yourself – then start blogging so we can find out what makes you get up in the morning!  Check out my blog too and I am sure you will be surprised what gets me out of bed each day!!!

Jennifer –  Mom and Publisher

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