Whether you are a seasoned investor or a newbie to investing, you need to
consistently equip yourself with ample investment knowledge.
Investing in the financial markets gives you access to various conventional financial assets such as stocks, bonds, exchange-traded funds, and mutual funds. Also, you may need to diversify your investments in alternative assets such as real estate, private equity, private debt, derivatives, or even cryptocurrency.
As an investor or aspiring investor, it is essential to understand how investing in these financial assets works, how market prices are determined, and how you can easily buy or sell financial assets.
If you are looking for the best places to get investment knowledge, these websites provide information to help you make the right investing decisions, buy the right assets, and understand how underlying economic factors impact your investments.
Get Smart About Money
The Get Smart About Money website provides a wide range of resources to help you get smart with financial planning, saving, investing, and retirement planning. If you are just starting out with investing, the site has a section that covers everything you need to know about how to set your investment goals, be a smart investor, understand investing risks, and track your investment progress.
The Get Smart About Money website helps you learn about different investment products, bank accounts, and registered accounts in Canada. On the site, you can find valuable information about the registered retirement savings plan (RRSP), tax free savings account (TFSA), registered education savings plan (RESP), and registered retirement income fund (RRIF).
The best part about the website is the free personal finance worksheets and calculators you can access. Get smart about money has calculators for cash flow, emergency funds, debt consolidation, mortgage payments, retirement planning, and general investing.
Government of Canada
The government of Canada provides resources and information to help you make the best financial and investing decisions through their website’s Money and Finance section.
On the website, you can learn about taxes on your investment income, budgeting for your money, and managing debt. The government of Canada also provides information about your rights as an investor in registered and unregistered investment accounts.
Risk management is an essential part of investing. The money and finance section of the government of Canada website explains the different risk levels of varying investment assets and the costs associated with investing.
The Bank of Canada website also provides insight on how economic factors such as interest rates, exchange rates, and inflation rates impact your investments.
The government of Canada website has up to date information on investing through your registered accounts such as the RESP, TFSA and RRSP.
If you have questions about which investment platforms to use, Advisor Savvy compares different investment accounts, online brokerages, and robo-advisors. Robo-advisors are automated digital platforms that allow you to invest in the financial markets with little human intervention.
The Advisor Savvy website explains how to buy stocks, invest in index funds, and choose a balanced investment portfolio. Real estate investors can also find a wealth of knowledge on buying a home, house insurance, and home renovation costs.
The Motley Fool
The Motley Fool Canada is a great site to learn about investing. The site offers numerous resources on stocks, investing, and personal finance in Canada. To stay abreast of investing news in Canada and globally, you can count on Motely Fool to provide current stock picks, stock market news, and industry coverage.
The site also provides detailed investment guides on stocks, exchange-traded funds, and mutual funds. If you want to expand your general knowledge on personal finance, taxes, mortgages, credit, and debt, the Motley Fool site is a one-stop platform to help you improve your finances.
Canadian Couch Potato
Canadian Couch potato was created to help Canadians learn more about investing using index mutual funds and exchange-traded funds. Investing in funds is a more passive approach for investors who do not want to carry out extensive and complex stock or financial market analyses.
The website provides model portfolios to help you build your investment portfolio through exchange-traded funds. Canadian Couch Potato is an excellent for learning and keeping up with various investing options if you are a self-directed investor.
You can also find finance and investing book recommendations on the site to help you on your investment journey.
Money sense is owned by the famous Rate hub website that provides information on mortgage and lending rates in Canada. The Money Sense website provides valuable financial content to help the average Canadian invest and plan financially. On the website, you can learn about saving and investing for retirement, building an investment portfolio, buying real estate, and personal finance.
Other useful websites for Canadians to gain investment knowledge are Young and Thrifty, for investing and personal finance, Canada Mortgage and Housing Corporation (CMHC), for home buying and mortgages, and CPA Canada for financial literacy.
Alternative investments help investors diversify their portfolios and earn returns from diverse asset types. You can learn more about investing in alternative assets such as private funds and real estate through the RealAlt investing resources.