Commonwealth Financial offers a wide variety of investment products designed to meet your needs and help you reach your financial goals.
What are investments?
An investment is an asset or item that is purchased with the expectation that it will generate income or appreciate in value over time. There are many different types of investments, including stocks, bonds, real estate, and commodities. Each type of investment carries its own risks and rewards. For example, stocks are considered to be relatively risky but have the potential to generate high returns. Bonds, on the other hand, are less volatile but typically provide lower returns. Understanding the risks and rewards of different investments is essential for making sound decisions about where to put your money. We can help create a plan for your specific goal.
Why do I need to invest?
There are many reasons to start investing sooner than later. The two most common reasons are time and compounding. When it comes to investing, time is money. The earlier you start investing, the more time your investments have to grow. This is due to the power of compounding. Compounding is the ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings (a process also known as "earning on your earnings"). In other words, it's earning money on top of your original investment. Another reason to invest sooner than later is that it's easier to take on more risk when you're young. Young adults have plenty of time to recover from temporary setbacks, such as a stock market crash or global pandemic. Investing is an important part of anyone's financial plan. It's a way to grow your money while taking on less risk than gambling or picking individual stocks. It’s never too late to start — why not get started today? Give us a call.
Segregated funds are only offered by life insurance companies. They combine the growth of traditional mutual funds with the safety of death guarantees and maturity guarantees. Segregated funds are a favourite investment vehicle of estate planners.
If you want no risk, you should consider a Guaranteed Investment Certificate. Insurance companies typically pay the highest GIC rates.
Are a way to earn a competitive interest rate for money that you don’t want to lock away in a GIC.