Why Investment?
Investing is crucial in Canada due to its potential to build wealth, beat inflation, and secure financial futures. With diverse investment options and tax advantages like RRSPs and TFSAs, investing offers opportunities for long-term growth and stability, empowering Canadians to achieve their financial goals and retirement dreams.
Mutual Funds
Mutual funds pool money from multiple investors to invest in a diversified portfolio, managed by professionals. They offer accessibility, diversification, and professional management, making them an attractive investment option for various financial goals. Mutual funds provide a wide range of investment options, including stocks, bonds, and money market instruments, catering to diverse risk appetites. They offer convenience through automatic investment plans and systematic withdrawal options. With low initial investment requirements and the ability to reinvest dividends, mutual funds present a flexible and accessible way to grow wealth over time.
Segragated Funds
Segregated funds blend investment features with insurance protection, offering principal guarantees upon maturity or death. They provide potential for growth through diversified portfolios, akin to mutual funds. With creditor protection and tax advantages, they suit investors seeking both market exposure and downside risk management. However, they may incur higher fees due to the added insurance component.
Steps toward successful Investment with Nova
At Nova Advisory Services (NAS), prioritize understanding your unique financial goals and risk tolerance to create personalized investment strategies. With our experienced team, access to diverse investment options, and commitment to transparency, we empower you to navigate the markets effectively and achieve your long-term financial objectives.
Evaluation
We evaluate your current financial position, dreams & goals to cover all aspects of your personal life.
We can tailor our investment strategies to align with your unique goals and preferences effectively.
Risk Analysis
We evaluate your risk tolerance, investment horizon, and financial goals to determine the most suitable investment strategy
Creating Portfolio
creating a customized portfolio tailored to your risk tolerance, investment goals, and time horizon. We construct a well-balanced portfolio designed to maximize returns while managing risk effectively
Monitoring
We constantly tracks market trends, evaluates investment performance, and adjusts your portfolio as needed to ensure it remains aligned with your goals and risk tolerance.
​
Do you know what the Financial Independence Number (FIN) is?
The Financial Independence Number (FIN) is the amount of money you need saved or invested to sustain your desired lifestyle without having to work actively for an income. It represents the point where your investments or savings generate enough passive income to cover your expenses indefinitely, giving you the freedom to make choices about how you spend your time, whether that means retiring early, pursuing passion projects, or simply having more time to enjoy life with your loved ones.
