There are effective ways to make your money work harder for you without you spending a lot of time managing it.
These fundamental strategies aren't difficult, don’t require budgeting or complicated schemes, and will work regardless of your level of income.
Use cost-saving automatic and electronic banking systems:
You should use the right borrowing solutions to tackle your specific borrowing needs.
There are several low-cost ways to borrow, and choosing the right solution for each borrowing need can lower your borrowing and credit costs.
Make sure you know what kind of investor you are and what goals you have before you begin making investment choices. You can find out what your investor profile is with the Scotia Investment Selector®.
Generally, the best strategy to follow is to make sure your investments are diversified. A diversified investment portfolio should consider a combination of cash, fixed income and equities. Diversifying your investments can lower your exposure to investment risk and can add the essential balance you should have when investing long-term.
A well-diversified investment portfolio should be be made up of a mixture of:
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