Rethink Lifestage Investing
What investment phase you are in and what your primary focuses are can influence what your investment strategy actions should be.
By definition, saving means to put aside and not spend. Investing, on the other hand, is putting those savings to work with the expectation of a gain. Planning is the process of making plans for something.
Without a plan, saving and investing can just become a random act of choosing investments in isolation and meeting contribution deadlines. A plan, on the other hand, provides the structure, context and reasoning for making an investment.
When asked how they perceived each, respondents of the 2015 AGF Investor Survey largely perceived saving as something safer and accessible for immediate or short-term expenditure and investing as something longer term and fraught with more risks. While investing is seen as an action – investing in something, investment planning is more strategic – mapping out how to achieve goals.
Even among those that saw a nuance between saving vs. investing, vs. investment planning, it would appear that many were doing the first two without the third. Having a TFSA and RRSP doesn’t necessarily mean you have a plan.
As with many of the survey’s take-aways, it is evident Canadian investors know what they should be doing – but are failing to make it happen.
Get the facts to be an informed and active participant in your investment success. Seek the advice of a professional financial advisor and work with them to develop a financial plan that suits your individual needs and goals.
To learn more about building a plan, visit AGF.com/GettingStarted
The 2016 AGF Investor Survey was conducted online among a sample of 1,210 Canadian household financial decision makers, ages 18 and older. Data findings are weighted by age, gender and region where necessary to bring them in line with their actual proportions in the Canadian adult population. The survey was administered from July 29 to August 10, 2016 by Harris Poll. Because the sample is based on those who agreed to participate in the Harris Poll panel, no estimates of theoretical sampling error can be calculated.
The information contained in this material is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions.
This is not intended to provide tax advice. AGF Investments Inc. strongly urges investors to consult with a tax advisor to discuss their particular circumstances.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated.
Publication date: 12 September 2016