Perspectives
A beginner’s guide to investing
May 8, 2024
Craig Maddock, VP of Scotia Global Asset Management, explains key investing concepts in plain language. Topics include GICs, stocks, bonds, ETFs, and mutual funds. He discusses common misconceptions, the importance of time horizon, and questions to ask before seeing an advisor. Maddock also offers advice for beginners starting their investing journey.
35:43
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Quick takeaways
- Investing focuses on growing money over time, different from saving for future spending.
- Understanding financial goals, necessary returns, and risk-return correlation are vital before investing.
Deep dives
Understanding the Difference Between Saving and Investing
Saving is merely putting money aside to spend later, whereas investing aims for growth and increased value over time. When investing, you want your money to work for you, generating more value. People can be intimidated by investing due to the risk involved, uncertainty in returns, and the need for informed decisions.
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