{"id":25920,"date":"2022-01-14T08:56:44","date_gmt":"2022-01-14T13:56:44","guid":{"rendered":"https:\/\/www.moneysense.ca\/?p=254742"},"modified":"2022-01-14T08:56:44","modified_gmt":"2022-01-14T13:56:44","slug":"how-to-create-a-diy-investing-strategy","status":"publish","type":"post","link":"https:\/\/www.moneysense.ca\/save\/investing\/how-to-create-a-diy-investing-strategy\/","title":{"rendered":"How to create a DIY investing strategy"},"content":{"rendered":"
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Keeping your risk tolerance in mind can help you steer clear of riskier strategies, like buying \u201con margin\u201d (with borrowed money) or trading options, where you can lose more than your initial investment. Designed to amplify potential returns, these strategies also magnify risk.<\/p>\n

3. Consider your investing time horizon<\/h2>\n

When planning your investment strategy, consider your age and life circumstances. Younger investors are often comfortable taking on more risk because they have plenty of time to recover from market downturns without losses affecting their assets, like real estate or retirement savings. As people get closer to retiring, they often shift their portfolio towards more conservative investments\u2014for example, fewer stocks and more bonds. If you need help with determining your asset allocation, consider consulting a financial planner<\/a>.<\/p>\n

No matter your stage of life, if you decide to pursue higher-risk investments\u2014such as cryptocurrencies<\/a> or shares in startup companies\u2014it\u2019s smart to limit your exposure to an amount you can afford to lose.<\/p>\n

4. Find credible investment research<\/h2>\n

Many people are getting investing ideas from Facebook, Instagram, TikTok and other social media platforms. Often, however, online investing information is superficial, incorrect, misleading or biased\u2014meaning that investors still need to do their research.<\/p>\n

Where should you look for investing guidance? In the past, only the most affluent Canadians had access to high-quality investment research. Now, however, affordable help is at hand, regardless of the size of your portfolio.<\/p>\n

One example is Motley Fool Stock Advisor Canada<\/a>. Motley Fool is a private financial and investing advice company, and Stock Advisor Canada is one of its premium members-only services. More than 70,000 members visit the site for investment ideas, independent analysis and educational materials.<\/p>\n

Stock Advisor Canada does the research for you, so you can consider the pros and cons of each stock. \u201cStarter Stocks\u201d are Motley Fool\u2019s foundational picks, which may be suitable for the core of your portfolio. \u201cBest Buys Now\u201d are timely trading opportunities chosen from a universe of more than 150 stocks.<\/p>\n

New members can join for an introductory price of $99 (after the first year, the fee is $299). Each month, you\u2019ll receive two fresh investment ideas, one Canadian and one American. You\u2019ll get access to an extensive library of research\u2014including reports, videos and podcasts\u2014and a members-only forum where investors discuss ideas, ask questions and gather market intelligence. It\u2019s like social media for investors, but without the scammers.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Keeping your risk tolerance in mind can help you steer clear of riskier strategies, like buying \u201con margin\u201d (with borrowed money) or trading options, where you can lose more than your initial investment. Designed...<\/p>\n","protected":false},"author":1,"featured_media":25922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[7,10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25920"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=25920"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=25920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=25920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=25920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}