"The secret to getting ahead is getting started."
- Mark Twain
Key Concepts of Investing
Time Value of Money - A sum of money today is worth more than the same amount of money sometime in the future. This is because the money today has the potential to grow.
The Rule of 72 - A way to approximate the number of years it will take an investment to double in value at a given rate of return. If you divide 72 by an interest rate, the result is the approximate number of years it will take to double your investment at that given interest rate.
Compound Interest - The snowball effect of investing. As your initial investment earns interest, that money is reinvested and will therefore earn you even MORE interest! As your money grows, so does its earnings potential which is why it's so important to begin saving and investing today. Get in contact with a Registered Financial Advisor and let your money start working for you. We would be happy to help you begin your investing journey.
Diversification - To have a wide variety of investments within your portfolio. The goal is to reduce risk while maximizing returns. Therefore, a properly diversified portfolio should reduce overall market risk, to smooth the ride and provide greater peace of mind.
How does compound interest help me?
Who can I trust with
my life savings?
Am I too old or too young to start saving?
How much should I be saving?
What does it mean
Where should I
invest my money?
No matter how old or young you are,
simply getting started is the most important thing
you can do for your financial life today.
We would love to help you understand the answers
to these and many other questions.
Reach out to us today to schedule a complimentary consultation.