When it comes to investments these days, according to the Financial Consumer Agency of Canada (and a bit of our own expertise on the subject) there are numerous options when it comes to conventional investing:
- Annuities (Retirement plan)
- Bonds (Loan to a company)
- (CSB) Canada Savings Bond (Government savings product)
- (EFT) Exchange Traded Fund (Stocks, bonds, and commodities)
- (GIC) Guaranteed Investment Certificate (Capital protection investment)
- Mutual Fund (Multi-person investment managed by a financial advisor/ manager)
- Security (Transferable investment)
- Segregated Fund (Minimum pay-out guarantee investment)
- Stock (Shares/equities in public companies traded on the stock market)
- (T-bill) Treasury Bill (Low-risk government investment with a set period)
And then, of course, a more unconventional method of investing – P2P lending (of which we are experts in and we’ll discuss later). Continue reading Different Investment Types and How to Choose the Right One