65 - Should You Invest in ETFs With Little Money
Exchange-Traded funds (ETFs) are an easy way to begin investing. THey are simple to understand and can generate good returns without much effort or expense. Investors are able to buy stocks or bonds that may not be easily accessed otherwise. Why would Licensed Insolvency Trustee, Derek Chase be talking about ETFs? For the most part, because that is what is discussed in one of the mandatory counselling sessions after completing a Bankruptcy or Consumer Proposal. What can you do with your extra money when you don’t have massive debt to service?
Derek answers the following questions:
- What are the advantages of investing in ETFs?
- Is there a difference between an ETF and Mutual Funds?
- How do you know an ETF is the right choice for you?
- Have you identified what your risk tolerance is before investing?
- What are the tax benefits and how do you go about setting up an ETF?
Although Licensed Insolvency Trustees don’t give investment advice, they are knowledgeable about products such as ETFs, RRSPs, TFSAs. With accounting and finance backgrounds, LITs are well qualified to help you become debt free, giving you a fresh financial start.
About Derek Chase
Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted.