You’ve got some additional cash on hand and want to put it to work. The problem is, you’re not sure where to start.
“Begin by deciding how much you want to invest and how much risk you’re willing to take on,” says Anish Chopra, a Chartered Accountant and Managing Director of TD Asset Management. Some investments promise to pay a guaranteed amount. Other types of investments may offer to pay higher amounts, but they usually involve greater risk, including the chance that you may lose some or all of what you’ve invested.