If you like to take the reigns on your finances, you might be interested in self-directed investing.
Self-directed investing (or DIY investing) is when you manage your investment portfolio without an advisor. From the stocks you buy to the trades you make, all decisions are up to you.
Here are a few things to know:
Many investors are drawn to DIY investing because of the lower cost. You wouldn't be paying fees for an advisor to buy and trade investments for you. You do the work yourself, which is rewarding for some people—it’s part of the draw!
You can customize your portfolio and then take an active approach (regularly making trades as stocks rise or fall) or a passive one (sticking with investments for longer). It depends on how much you want to engage and interact with the market.
With robust online trading platforms like Qtrade Direct Investing, it’s never been easier to manage your own investment portfolio. Qtrade is Cambrian’s self-investment partner.
Look regularly for any current offers on our Special Offers page.
As you research different investments and strategies, you could be subject to misinformation. Ensure the research you’re referencing comes from credible sources.
For example, refer to Education | Qtrade or Aviso Inc. for some articles and resources.
Remember, the value of your investments is bound to fluctuate. Don’t invest the money you plan to use in the near future, and make sure you have savings set aside.
If your risk tolerance is low, self-directed investing may not be for you. When markets are down, you may feel the urge to act and make drastic changes to your portfolio.
Until you feel confident investing money in the market on your own, it may be best to work with a financial advisor for guidance.
Check out Invest Online | Cambrian for all your DIY investment options and offers. If one sounds right for you, sign up, and you’ll have all the tools you need in one place.
Disclaimer
Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade Guided Portfolios is a division of Aviso Financial Inc.
The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This article is provided as a general source of information and should not be considered personal investment advice or a solicitation to buy or sell any mutual funds and other securities.
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