Money Matters - Investing Part 3: The How

Introduction
Welcome to Money Matters, a weekly discussion group relating to topics of personal finance and financial education/literacy.
Attendees are encouraged to share their personal experiences related to finances to help others learn and achieve their financial goals.

Topic
The topic will be Investing Part 3: The How.
Now that we have a possible financial/investment plan, we need to know what steps we can take to put that plan into action.

Discussion Prompts / Questions

• Decide on an asset allocation for your financial portfolio. How do you do this?
• Decide on how hands-on or hands-off you wish to be with your portfolio. Do you want to Do-It-Yourself (DIY) or do you want the guidance of a financial advisor? What are the pros and cons of each?
• If you decide to go the DIY route, what are the options for trading platforms to use? What are the options and how do you decide how simple or complex your portfolio will be?
• Are you familiar with the various government-registered accounts available in Canada? How do you prioritize which one(s) to invest into during different periods of your career/life?
• What kind of upkeep activities are involved, particularly when investing in a DIY style?

Additional Materials
Some materials relating to this topic are:

• (tool) Vanguard Investor Questionnaire
• (reference) The Glidepath Illusion: An International Perspective, The Retirement Glidepath: An International Perspective
• (website) Fee-Only Financial
• (reviews for trading platforms) MoneySense, StockBrokers, RateHub, CompareWise
• (reference) Rethinking the RRSP's Benefits
• (reference) Adjusted Cost Base

Soliciting Notice
Any attempts to advertise, promote, or sell financial products and/or services will not be tolerated.

Financial Advice Disclaimer
The information provided is for general informational purposes only and should not be considered personalized financial advice. Consult with a qualified financial professional before making financial decisions.