Investing for retirement in Canada is not as easy as it seems.
Yes, you can easily start a RSSP or TFSA and let someone else manage it for you. You will probably get 5-7% annual return in good years, compounded it will do well over many years. However, smart investors learn from experts. Like the Canadian company Simply Investing.
What if you have some capital you wish to self-invest? Could you do better than the experts? Maybe. Maybe not. In my opinion, it has a lot to to with knowledge and research. Sure, if you buy the top S&P500 stocks you could probably match, or even beat the average return.
Let’s use 6% as a baseline. If you learn how to research the market, get a trading account, practice money management and a huge dose of discipline you could easily get to 12+% return. Another thing; you absolutely have to be interested in trading/investing yourself. If you find this boring and you try it just to get a better return, you will lose. Take a look at SI’s 12 Rules of Investing.
What if you are really interested and want to learn?
Well, there is the hard way and an easier way. This might seem like a commercial, and I guess it is but there is a course out there I believe will save you a whole lot of time. If I look back at the time I have spent learning plus trial and errors I would say that if you are at a stage where you want to fast track your investing skills to improve your return you should consider the Simply Investing Course.
A quick review of Simply Investing – a Canadian company located in Toronto, ON.
The course is all about learning how to invest quickly and easily. From their website: “The online Simply Investing (SI) Course is the fastest and easiest way to obtain financial freedom. Learn the best ways to invest and become a successful dividend investor using proven value investing techniques that are simple to understand and easy to implement.”
No Time to Take the Course?
The Simply Investing (SI) Report is another way to get financial freedom. By subscribing to the report they will do the work for you. Each month Simply Investing analyzes over 240 quality stocks in North America, and apply their 12 Rules of Simply Investing. Then they provide you with a list of the best and safest stocks.
Why Simply Investing?
Simply Investing Canada Reviews
“Kanwal is a financial godsend and THE DIVIDEND STOCK INVESTING GURU!!! Take his class, you definitely won’t regret it! Patient and knowledgeable on everything you need to know all things related to value investing.”
“I enjoy the SI Report, it’s simple and to the point. Saves me quite some time doing the analysis and research myself.”
“The Simply Investing Course made the topic of investing easy to understand, and I thank you for breaking it down to a level that even my kids can comprehend. Value investing appeals to my personality and transcends the emotional roller coaster of the markets. I’ve really enjoyed the balance between receiving help with the SI Course and having full control over my investments.”
“Kanwal is clearly passionate about value investing and it shows in his delivery style. I’ve learned a lot and will apply this knowledge in the next 6 months. I highly recommend Kanwal and this course!”
(Disclaimer, these are my opinions and experience.)