Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Investnow: A Canadian's Guide to Investing
    Investnow: A Canadian's Guide to Investing
    Investnow: A Canadian's Guide to Investing
    Ebook122 pages1 hour

    Investnow: A Canadian's Guide to Investing

    By A. Dawn

    ()

    Read preview

    About this ebook

    Whether you're just beginning to think about putting away a little something for a rainy day, or you're looking for ways to protect your hard-earned nest egg from scams and poor investments, Invest Now provides a realistic, doable plan to put you on the road to financial security. Jam-packed with timely information and timeless advice for the beginning Canadian investor, Invest Now delivers a convincing case for avoiding daily spending temptations and then shows you the secrets to smart investing. With as little as $25, you can become a successful investor by following A. Dawn's three simple and practical steps. Dawn carefully explains the ins and outs of mutual funds and financial markets and reveals why it's so wasteful to leave money in bank savings accounts.

    You don't have to be a financial guru to develop a consistent savings plan and accumulate wealth. Invest Now offers all the tools and motivation you need to start building a safe and secure financial future now for you and your family.

    LanguageEnglish
    PublisheriUniverse
    Release dateFeb 11, 2008
    ISBN9780595904334
    Investnow: A Canadian's Guide to Investing
    Author

    A. Dawn

    A. Dawn works as a data integrity analyst for a major Canadian wealth management corporation and is the creator of Canada's personal finance website. A Toronto resident, Dawn has an economics degree from City University of New York.

    Related to Investnow

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Financial Wellbeing

      Apr 19, 2021

      Financial Wellbeing
      2 min read

    • Article

      Should You Do Your Own Taxes or Hire a Professional?

      Jan 30, 2020

      For some people, tax season poses little worry, and the process occurs painlessly. Simply populate the requisite fields on your 1040 with info from your W-2, claim the standard deduction, sign on the dotted line and e-file. After that, the check is

      4 min read

    • Article

      Build The Perfect Portfolio

      Mar 31, 2021

      Build The Perfect Portfolio
      5 min read

    • Article

      Cheat THE Tax Man (LEGALLY)

      Dec 27, 2019

      Cheat THE Tax Man (LEGALLY)
      3 min read

    • Article

      Think Twice About Applying for Credit

      Aug 27, 2021

      Americans paid down billions in credit card debt during the pandemic, with balances declining 17% in the first quarter of 2021 compared with a year earlier, according to the Federal Reserve Bank of New York. But now that the economy is recovering, cr

      2 min read

    • Article

      MONEY Talks

      Jan 20, 2020

      MONEY Talks
      3 min read

    • Article

      How Credit Cards Work

      Feb 4, 2022

      How Credit Cards Work
      1 min read

    • Article

      The Best Online Brokers, 2021

      Aug 27, 2021

      Online brokers are enjoying explosive growth as investors beat a path to their virtual doors. In fact, 2020 was a record year: More than 10 million new brokerage accounts were opened, many by first-time investors, according to market research firm J.

      11 min read

    • Article

      New Strategies for Smart Borrowing

      Nov 30, 2018

      A lot of financially savvy people make a distinction between good debt and bad debt. Good debt is used to finance goals that will improve your net worth--such as a home purchase, a college education or a small business. Good debt is even better if it

      13 min read

    • Article

      Baby Boomers Have Financial Superpowers

      May 8, 2018

      Albert Einstein is credited with saying that compound interest is "the most powerful force in the universe." I would add that education, combined with the miracle of compounding, may be the real power we are seeking. Who can have this superpower?

      3 min read

    • Article

      Automated Wealth

      Oct 18, 2019

      After 17 years of “working for the man” in Corporate America, it was time for a change. I tried several home business opportunities, but I was never satisfied. I made thousands of cold calls, begged friends and family to join my downline and approach

      3 min read

    • Article

      Forming A Limited Company

      Feb 6, 2020

      Forming A Limited Company
      3 min read

    • Article

      Find Your Hidden Dollars

      Sep 2, 2020

      Find Your Hidden Dollars
      18 min read

    • Article

      How to Build a Credit History

      Oct 3, 2019

      Most lenders expect you to have a decent credit record to qualify for a loan or credit card. But if you've never had a credit card or taken out a loan, you don't have much of a credit history. It's a conundrum that young people face as they begin the

      4 min read

    • Article

      Before You Invest in ‘Crowdfunded’ Real Estate, Consider the Tax Implications

      Jul 7, 2020

      The rise in online real estate investing in recent years has been remarkable. As the global consulting firm EY estimates, the online real estate investing market worldwide is expected to be $8.3 billion in 2020, with no sign of slowing. For all the

      2 min read

    • Article

      How Much Should Go into Your Special Needs Trust?

      Jun 10, 2019

      One of the most difficult challenges in planning for a child with special needs is figuring out how much money it is going to cost to provide for the child, both while the parents are alive, and after the parents pass someday. All too often, it seem

      4 min read

    • Article

      Equifax Data Breach Settlement: What You Need to Know

      Jul 24, 2019

      If you're one of the roughly 147 million people whose sensitive personal information was exposed in the 2017 Equifax data breach, get ready to claim your share of the relief. The credit bureau has agreed to a settlement of up to $700 million with the

      4 min read

    • Article

      The Best Online Brokers and Trading Platforms, 2022

      Aug 26, 2022

      It is understandable if you are paying less attention to your brokerage account these days, given the current market malaise. But the recent slide in stock and bond prices may rep-resent a “generational investment opportunity,” Ron Baron, a manager o

      11 min read

    • Article

      PERSONAL FINANCIAL ratios YOU NEED TO KNOW

      Jul 5, 2020

      There are many tools to help you navigate the road to financial success. These include a budget and using apps to track your spending. But what other tools are there to help you evaluate your financial position? Personal financial ratios are tools or

      3 min read

    • Article

      Building a Credit Score

      Dec 31, 2019

      Building a Credit Score
      4 min read

    • Article

      It’s A Scam

      Apr 21, 2022

      It’s A Scam
      3 min read

    • Article

      Can Your 401(k) Withstand Market Volatility?

      Apr 23, 2019

      It's no secret that volatility has returned to the stock market. From October 2018 through January 2019, the S&P 500 monthly returns were -6.84%, +2.04%, -9.03% and + 8.01%. Given that most savers have 401(k)s as the main source of their retirement

      3 min read

    • Article

      The First Home Super Saver Scheme

      Jan 27, 2021

      The federal government’s first home super saver scheme allows first timers to use their super to save for a deposit. Its potential tax benefits and investment earnings may help you enter the property market sooner. If you haven’t previously owned a h

      1 min read

    • Article

      Don’t Bank On A Lender Letting Your Debt Prescribe

      Apr 17, 2021

      LAST week we zoomed in on the effects of compound interest and how great earning compound interest is. Paying it is where the real pain is. Most credit lines are compounding debt, and if you default and eventually stop paying altogether, you may find

      3 min read

    Related categories

    Reviews for Investnow

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Investnow - A. Dawn

      Copyright © 2008 by A. Dawn

      All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

      iUniverse books may be ordered through booksellers or by contacting:

      iUniverse

      2021 Pine Lake Road, Suite 100

      Lincoln, NE 68512

      www.iuniverse.com

      1-800-Authors (1-800-288-4677)

      Because of the dynamic nature of the Internet, any Web addresses or links contained in this book may have changed since publication and may no longer be valid.

      The information, ideas, and suggestions in this book are not intended to render professional advice. Before following any suggestions contained in this book, you should consult your personal accountant or other financial advisor. Neither the author nor the publisher shall be liable or responsible for any loss or damage allegedly arising as a consequence of your use or application of any information or suggestions in this book.

      ISBN: 978-0-595-46132-5 (pbk)

      ISBN: 978-0-595-70286-2 (cloth)

      ISBN: 978-0-595-90433-4 (ebk)

      Contents

      Preface

      Introduction

      Chapter 1

      Chapter 2

      Chapter 3

      Chapter 4

      Chapter 5

      Chapter 6

      Chapter 7

      Chapter 8

      Chapter 9

      Chapter 10

      Chapter 11

      Chapter 12

      Chapter 13

      Chapter 14

      Chapter 15

      Chapter 16

      Chapter 17

      Chapter 18

      Chapter 19

      Chapter 20

      Chapter 21

      Chapter 22

      Afterword

      Conclusion

      Resources

      This book is dedicated to the Canadian soldiers deployed in

      Afghanistan and other countries abroad. Your courage and hard

      work are an inspiration to all of us.

      Money is like a sixth sense—and you can’t make use of the

      other five without it.

      —William Somerset Maugham

      Preface

      Every day, we face tempting opportunities to spend money. A sea of indulgences can distract you from investing for your future. Buy now! Pay after one year! Don’t pay interest for six months! Everyone everywhere is urging you to spend, spend, spend. I’ve even seen a Vacation now, pay later! advertisement on the subway. But every dollar you spend now is a dollar in lost investment opportunities that could have grown a lot more in the long run.

      Most Canadians were never taught any personal-finance lessons in school and in university; it is no wonder our savings rate is one of the lowest among industrialized nations. To make things worse, Statistics Canada reports that our average savings rate went below zero for the first time in 2006. This is scary—why is it happening?

      Our main problem is a lack of information. Also, we have this idea that in order to invest, we need a lot of money, a PhD, and status as an investment guru. In this book, I will show you how you can start investing with very little money—and even less expertise. Investing can be as simple as walking into a bank or picking up your phone.

      Start investing today toward a better future. No one else will do it for you; this is your future, and your investment decisions will have enormous impact. Don’t wait until tomorrow, or next month, or next year. Do it now. This is the time.

      Introduction

      Why This Book?

      If you walk down the personal-finance aisle in a bookstore like Chapters, you will find thousands of finance books covering a wide range of topics. These books will promise to share the secrets of millionaires: how to make millions working on the weekends, how to retire as a millionaire, how to make millions in real estate, how to be rich within a few months „.it goes on and on. If you’ve never invested before, you will leave the bookstore even more confused than when you started.

      All of those books have something in common: they aren’t for amateurs. Hardly any books on that shelf will stick to the basics, much less provide a step-by-step starter guide. What kind of account should you open? Where should you go to do that? What research is required? What investments are ideal for those of modest means? You may not find the answers to those questions on the bookstore shelves, but you will find them here. I have answered those questions and more in a very simple way. Read, do your research, and start investing.

      Why We Never Invest

      Ten years ago, I earned my degree in economics, and I have worked in the financial industry ever since. Such a career has many advantages; I really enjoy being able to help friends and family with questions they hesitate to ask anyone else. No one wants to be the person peppering a complete stranger with questions that may seem stupid, so they come to me.

      It’s just not my friends and family. Most Canadians are in the same situation. They work hard, earn their money, and content themselves with the minimal to nonexistent interest they are getting from their bank accounts. This has to change. You don’t have to be a loaded financial genius to invest. All you need is the right information, and that is why I created my first Web site, www.adawn.net: to make the world of personal finance accessible to Canadians. This book will teach you all the basics you need to become a successful investor, and www.adawn.net, Canada’s Personal Finance Web Site, can give you that extra push toward success.

      A Failure in Education

      Our education system does not teach how to handle our own money. Usually, we learn it from our friends, our families and from our own mistakes. And the results are obvious: most of us enter the workforce without knowing anything about managing money and investments. If, like many others, you never thought of investing, the simple language of this book will help you invest successfully on your own.

      This Book Is Not for You If…

      If you want to become a millionaire overnight or are praying for some other financial miracle, this book is not for you. As I will mention repeatedly, investment is an art. As such, it requires

      discipline, hard work and consistency. I don’t believe in making quick bucks without hard work, and I don’t enjoy anything that comes easy. In my book or on my Web site, I will not recommend or review any risky products promising to make you a millionaire (such as penny stocks). In fact, I will ask you to stay away from such products.

      This Book Is for You If…

      If you have always wondered whether is it possible to invest without being rich, this book is for you. If you have always wanted to invest but are not sure how to start, this book is for you. If you have just finished school and entered the workforce, this book is for you. If you are a hard-working Canadian and want more value for your money, this book is for you. If you want a better future tomorrow by working hard today, this book is for you.

      Frequently Asked Questions

      I have tried to answer some of the most common questions you may have regarding this book. Introductions do not usually feature an FAQ section, but I thought, why not give it a try?

      • Who are you?

      I come from a strong financial background. My extensive education, training and experience have enabled me to develop the knowledge and skills required to write this book and run two popular personal-finance Web sites.

      • Why is this book so thin?

      Are fat books better than thin ones? I don’t think so. I have eliminated chitchat, small talk and stories of John and Jane, organizing this book with only the stuff you need to

      Enjoying the preview?
      Page 1 of 1