Investing
14 videos • 23 views • by Financially whealthy Investing refers to the act of allocating money or resources with the expectation of generating a profit or achieving some form of financial gain in the future. Investors commit their funds to various assets, such as stocks, bonds, real estate, or other financial instruments, with the goal of increasing their wealth over time using different vehicles such as RRSP, TFSA, RESP, FHSA & non registered accounts. Overall Strategy: - Investors typically adopt a diversified investment strategy, spreading their funds across different asset classes and accounts to manage risk and optimize returns. - The choice of which accounts to use depends on individual financial goals, tax implications, and the specific advantages each account offers. By strategically utilizing these investment vehicles, investors aim to maximize wealth accumulation, taking advantage of tax benefits and incentives provided by various government programs while pursuing financial goals such as retirement, education, homeownership, and general wealth growth.