Why Do People Spend More Time Buying A New Car Or Planning A Vacation?

1650 WordsJun 13, 20167 Pages
Introduction Why do people spend more time buying a new car or planning a vacation than investing their life savings? Most people know they should play a more active role in their investments but they often do not know where to start. Investing simply means putting your money to work so it can make more money. The responsibility for retirement planning is shifting to the individual. According to Statistics Canada, the amount of paid workers covered by a registered pension plan dropped from 44.2 % in 1985 to 38.5% in 2005. Saving for retirement will likely be the biggest financial goal for most Canadians and investing is one of the few ways that can help achieve their goals. Investing is not a get-rich quick scheme nor is it gambling. Gambling is putting your money at risk by betting on a random outcome with the hope that you might win more money. Wise investors don’t leave it to chance. They have a plan and commit money only when they have a reasonable expectation of profit. Everyone has a different idea of what money means to them – personal freedom. A sense of security or the ability to afford the things they want in life. Having an investment plan can help you get where you want to be. An Investment funds is a pool of money collected from many investors that is used by the fund manager to purchase and sell stocks, bonds or other securities in accordance with the fund’s investment objective. The purpose of this paper is to discuss two investment funds –

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