How to Start Investing

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The best way to start investing is by developing a family budget and investing in a base line of mutual funds, equities and stocks. Be aware of the risk involved with making investments with help from a registered financial consultant in this free video on money management and financial advice.

Part of the Video Series: Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about how to start investing. Investing is an activity that will secure your future and it's important to start small and build momentum as you go forward. The best way to start investing is to develop a budget for your family. Make sure that you live within your budget and then essentially what you will do is you'll start to place money in to investments that are first off forming an emergency fund, in other words cash for you. As your age permits you'll want to get in to a base line of mutual funds and equities and stocks and things of that nature that will pay dividends to you going forward. But always be mindful that these investments carry a certain propensity of risk. Past performance is no indication of future value. It may lose value, not insured by any federal government agency, things like that. So make sure you know your risk tolerance and always pay yourself first and develop a budget. This is Patrick Munro, financial adviser talking about how to start investing.


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