LeCanadian

Top Menu

  • Login
  • Archives
  • Les Actualités
  • Advertising
  • Sexy Pages
  • Contact Us

Main Menu

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Login
  • Archives
  • Les Actualités
  • Advertising
  • Sexy Pages
  • Contact Us

logo

Header Banner

LeCanadian

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating
  • 7 reasons why online casinos are so popular in Ontario

  • La Commission indépendante soutient le recours de la Cour suprême contre le déni des droits des non-francophones par le Québec

  • Independent Commission endorses Supreme Court of Canada challenge against Quebec’s denial of rights to non-francophones

  • Ottawa International Crafts & Book Expo 2023: An assembly of literary brilliance

  • Diane Descôteaux – Une haïkiste passionnée: Le Salon d’Ottawa

Business
Home›Business›Do you have what it takes to manage your own investments?

Do you have what it takes to manage your own investments?

By admin
December 21, 2018
1628
0
Share:

(NC) You might be thinking about taking the reins of your investment portfolio. To help you with your decision, RBC Direct Investing has identified four qualities that DIY investors share. How many do you have?

1. You like the idea of financial control. No one cares about your financial success more than you do. By doing it yourself, you’re in control of your money and you might save on fees, which means there’s potential for larger returns on your investments.

2. You can handle ups and downs. You’re likely aware of the technical aspects of investing – choosing investment products and strategies, and reading annual reports and financial statements – but emotions can also impact investment outcomes. How would you respond to a big market uptick or downturn, or to a hot stock tip from a friend?

As a DIY investor, you’ll be navigating these situations without input from a professional advisor. If you’re unsure of your emotional and behavioural tendencies, treat yourself as a test subject. Start a risk-free practice account or open a small investing account so you can observe your reactions to market and business cycles. Understanding your tolerance for volatility can help you avoid common investing mistakes.

3. You’re a lifelong learner. Are you naturally curious? Do you enjoy reading and doing research? As a DIY investor, you’ll need to stay on top of market and business news. Lifelong learning is key to successful investing. Self-directed investors with a personal interest in a particular sector or cause, for example, often like to explore how this could fit with their investment goals.

4. You have a plan. Most people wouldn’t go on a road trip without a map, yet self-directed investors sometimes jump in without a plan to guide their decisions. Your financial goals, budget, life stage and tolerance for risk are just some of the factors to consider. Don’t skip this step – having an investment plan will also help you stay the course during any market turbulence.

Find more investing inspiration at rbcdirectinvesting.com.

Post Views: 1,685
Previous Article

Tips on how to give back to ...

Next Article

3 ways to keep emotions in check ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Business

    Staples Appoints its Canadian President as Head of North American Retail

    July 12, 2016
    By admin
  • Business

    Nestlé Aims to Cut Sugar in Candy Products by 40%

    December 2, 2016
    By admin
  • Business

    Canada Post names board chair Jessica McDonald as interim CEO

    March 14, 2018
    By admin
  • Business

    Facebook Banned Gun Sales, But is it Working?

    July 22, 2016
    By admin
  • Business

    McDonald’s Offers up Four Hour sandwich-making Video

    September 24, 2016
    By admin
  • Business

    Subaru Goes Big in Home of the Brave with Supersized SUV

    November 27, 2016
    By admin


AWeber Smart Designer




Popupar Articles

  • Week
  • Month

Week

Sorry. No data so far.

Month

  • 7 reasons why online casi... In the ever-evolving landscape of entertainment and lei...

Popular on The Le Canadian

  1. The Independent Canadian Commission on Civil and Human Rights
  2. Ottawa Winter Fest
  3. Ottawa Market
  4. Salon du Livre d'Ottawa
  5. Ottawa Book Expo
  6. AgoraCosmopolitan
  7. Agora Publishing Consortium
  8. Le Journal Canadien
  9. Dominion: Food News
  10. LeCanadian.com
  11. The Ottawa Star
  12. Capitalistocracy.com
  13. Agora Books Author House
  14. First Nations Press
  15. Toronto Digital Flog Newspaper
  16. The Etiquette Show
  17. Ontario People's Front
  18. COVID-19 unvaccinated singles

Recent Posts

  • 7 reasons why online casinos are so popular in Ontario
  • La Commission indépendante soutient le recours de la Cour suprême contre le déni des droits des non-francophones par le Québec
  • Independent Commission endorses Supreme Court of Canada challenge against Quebec’s denial of rights to non-francophones
  • Ottawa International Crafts & Book Expo 2023: An assembly of literary brilliance
  • Diane Descôteaux – Une haïkiste passionnée: Le Salon d’Ottawa
  • Diane Descôteaux – Une haïkiste passionnée: Le Salon d’Ottawa
  • How Canadians can access online casinos through mobile phones
  • Comment gérer un retard de vol ?
  • 5 ways sudoku boosts brain health
  • 10 tips to successfully market your law firm

Most Viewed Posts

  • Automated China –Mass-Producing the Future (61,386)
  • Health: Shampoo Helps Hair Loss Sufferers (57,953)
  • Citizens of Italy unleash mass protests against mandatory vaccination law (39,213)
  • Why Investors are Putting Their Money on High-End Real Estate (37,248)
  • Montréal : le cœur battant de la génération Y (37,092)
  • Une Autre Facette de Richard Lipman : Le Soutien d’un Psychologue à la Fondation Fauna (32,515)
  • Introduction To How And Where You Can Trade CFDs (30,171)
  • Canada’s Property Values Rise, In Spite of Signs of Market Slowdown (21,170)
  • “Not Gonna Write Poems” A Poetry Book by Dr. Michael Lee: Could He Be The Next Shel Silverstein? (17,367)
  • Smoking is Still a Problem in Society – But it’s a Problem That’s Being Addressed (16,166)

Visitors

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating