The Simple Steps To Purchase Your First Investment | Episode 2
Ever wanted to start investing but don't know how ? Don’t have the slightest clue where to even start ? We’ll I’m here to help !!!
In today’s episode, I walk you through the simple steps on how to open an investment account and purchase your first investment.
The topics we cover in this episode are:
Set money aside for investing [2:00]
Opening your brokerage account [2:25]
Funding your account [8:38]
Purchasing your first investment [10:15]
Resources and tools in this episode:
Tax Free Savings Account (TFSA) explained in detail: https://www.youtube.com/watch?v=fcQVmZp0G-Y
Registered Retirement Savings Plan (RRSP) explained in detail: https://www.youtube.com/watch?v=mR2jA0sd3cE&t=2s
Breakfast club interview with Earn Your Leisure: https://www.youtube.com/watch?v=EjoHGt6sZPc&t=2846s
Black Wealth Renaissance podcast with Our Rich Journey: https://www.youtube.com/watch?v=r70pBMeOs5Q
Recommend ETF’s to purchase talked about in this episode:
https://www.bmogam.com/ca-en/advisors/zsp-bmo-sp-500-index-etf/
https://www.vanguardcanada.ca/en/investor/products/products-group/etfs/VFV
https://www.blackrock.com/ca/investors/en/products/272104/ishares-core-sp-us-total-market-index-etf
Canadian brokerage accounts providers you can use to start investing:
Questrade: https://www.questrade.com?refid=5fa051c8dc6a2
Wealthsimple Trade: https://my.wealthsimple.com/app/public/trade-referral-signup?code=2KALKG
Hope you guys enjoy this episode and be sure to follow me on instagram.
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