REVscene Automotive Forum - Beginning investment journey

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Beginning investment journey

Hi RS

I'm a beginner in investing with my accounting diploma. I am going to take the investment funds in Canada course (IFC) to increase my knowledge in investing.
I want to be financially free and that is what brings me here. As a beginner, it is very difficult and confusing to start off. I've been reading more articles from the globe and mail, and also investopedia. However, reading online resources only can help me so much. There is still a lot i do not completely understand and im hoping to find ways to manevore around such obstacles. I was wondering what did you guys do to make your investment journey successful or at least a lot easier? Any mentors online, etc? I would like to go to financial advisor when I'm a lot more prepared so I can put my money into good bonds and eventually the stock market.

Thank you for advice and tips!

-set some SMART(specific, measurable, achievable, realistic, timely) goals
-exercised self control
-invested $500 in stock market - got burned a few times but learned some lessons that a practice account would never teach.
-read about options/bonds/short selling - compared to risk tolerance and stayed away.

Quote:

Originally Posted by t_sack (Post 7924713)

Hi RS

I'm a beginner in investing with my accounting diploma. I am going to take the investment funds in Canada course (IFC) to increase my knowledge in investing.
I want to be financially free and that is what brings me here. As a beginner, it is very difficult and confusing to start off. I've been reading more articles from the globe and mail, and also investopedia. However, reading online resources only can help me so much. There is still a lot i do not completely understand and im hoping to find ways to manevore around such obstacles. I was wondering what did you guys do to make your investment journey successful or at least a lot easier? Any mentors online, etc? I would like to go to financial advisor when I'm a lot more prepared so I can put my money into good bonds and eventually the stock market.

Thank you for advice and tips!

I have one of those 2.... so can someone tell me how I use that to invest? I always thought you needed money to invest...

You never got a basic investing class while doing your diploma? That is odd... I wonder where you went to school...

Don't be scared to lose a few hundred or few thousand. Think of it as a learning experience. If you're really scared just invest in Government Bonds and Mutual Funds. You can easily got 3% on your money from those 2 alone.

If you have a lot of cash CIBC Imperial Service advisors are very good investing your money. You just tell them how much risk you want Very High, High, Medium, Low, Very Low. They send you monthly reports as well.

I went to Langara for my accounting diploma. I learned a lot but I'm having troubles applying it I suppose. Having a mentor or friends that are in the field are helpful. Unfortunately, I don't have many friends that are in the same field or on the same page as I am about being financially free, etc. I guess I'm currently just trying to build up confidence with my decision making and I'm asking for helpful tips and using RS members as my mentor.
Thanks again guys

Im also reluctant in going to a financial adviser at this moment because of the fear of being taken as a fool and getting set up with a useless investment that pays the adviser a higher commission.