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Investing for Retirement in Canada


 

For you who are 20 to 65 of age and you have started to think about how retirement will look like. Because, as you know – most of us will live well into our 80s.

If you don’t care what retirement will look like – this might not be information you want to hear. All I wish to do is to share some knowledge gathered during the past 25 years or so. More information at www.investingforretirement.ca

First things first…. Investing vs Trading

They are, in my mind two different things.

Investing, in the traditional sense of the term implies long-term growth of capital preferably in a tax free account. So it can compound. For example, a RSSP. If, as a young person you set one up, pick a mutual fund or something and it grows by say 5%/year and the profits are re-invested you will be amazed at how fast it will grow.

Trading implies taking a very active role in the market. You can, for example have a self-directed RSSP and make the trades yourself. Two things: You have to be interested enough to do the research and learn what to do and what NOT to do.