In the past, investing might have been only for rich people. Today, this is a myth!
It’s never been easier for anyone to invest, even if money is tight. You can invest with just a few hundred dollars and receive a personalized, diversified investment that meets your needs.
If you want to start investing, consider these tips.
Pay yourself first and start small
Anyone can put away a small portion of their earnings for the future. Even if it’s only a few dollars a week, your savings can add up to a sizeable sum over time.
We recommend having at least three months’ living expenses in a savings account or other cash equivalent before starting to invest. This allows easy to your money if there’s an emergency and protects from investment risk.
Most investments allow for automatic contributions from your bank account. Regular investment plans are a great way to get in the habit of investing and saving.
For example, you can contribute as little as $25 to an HSBC Mutual Fund account through a regular investment plan: $25 every week adds up to $1,300 at the end of the year—that’s a fantastic start!
Keep your goals in mind
While you’re deciding how much to invest, consider why you want to invest.
A comfortable retirement, a down payment on a home, a loved one’s post-secondary education or a sabbatical are all life goals that investing can support.
Get started or review your plan
Don’t worry if you haven’t given much thought to your financial goals, or if you get stressed out thinking about money. You’re already on the way to better outcomes by just this reading this article!
Explore the investment options out there, and start with a solution that works for you. A qualified professional may be able to help, and you may not even need to meet in person. Or take a look at online investment services that can provide financial advice, recommendations and low-cost products and solutions.
Do-it-yourself investing, which comes with no advice, can also be an option depending on your interest and comfort level.
If you have an investment plan in place, congratulations! When was the last time you gave it some thought? Check-in or book an appointment with an advisor to review your progress and make sure you’re still on track to meet your goals.
See what you could get if you invest
Issued by HSBC Investment Funds (Canada) Inc. (“HIFC”)
HIFC is a direct subsidiary of HSBC Global Asset Management (Canada) Limited (“AMCA”) and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.
AMCA is the manager and primary investment advisor for the HSBC Mutual Funds and the HSBC Pooled Funds (collectively, the “HSBC Funds”). HIFC is the principal distributor of the HSBC Mutual Funds, which are also distributed through authorized dealers. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, Fund Facts, applicable account opening documentation and any other disclosures before investing. HSBC Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution, their values change frequently and past performance may not be repeated. For money market funds, there can be no assurances the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
All products and services of HIFC and AMCA are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your HSBC Mutual Fund Advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.
This information is not intended to provide professional advice and should not be relied upon in that regard. You are advised to obtain appropriate professional advice where necessary and should consult your investment representative before considering a specific transaction. Also, please consult your tax advisor to find out which strategies best suit your tax situation. HIFC has not independently verified the information and makes no guarantee or representation of, and accepts no responsibility or liability for, its accuracy or completeness.
This article may provide external links that give you access to HSBC websites located in Canada and other countries. These links are provided solely for the readers' informational purposes and convenience. When readers select a link to an external website, they are subject to and governed and bound by the policies and terms and conditions of the external website. Please read the website's policies and terms and conditions before using the website. If you enter a website outside of Canada, you are advised that it may not be legal in that jurisdiction for you to use the facilities available on that website and the legal requirements of that jurisdiction may prohibit you from dealing in that jurisdiction. If you access a jurisdiction in which you are not resident, you do so at your own risk, and HSBC Group will not be liable for any breach of local law or regulation that you may commit as a result of using and accessing a website in a country in which you are not resident.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HIFC.
HSBC Wealth Compass™ is an online service offered by HIFC which allows clients to discover their investor profile, receive a personalized investment recommendation and apply to start investing in mutual funds. HSBC Wealth Compass™ is a trade-mark of HSBC Group Management Services Limited used under license by HIFC.