FL10.8

Explore various investment options.

Indicators for this outcome
(a) Investigate the purpose of investing.
(b)

Differentiate between various types of investments including:

  • Guaranteed Investment Certificate (GIC);
  • stocks;
  • bonds;
  • mutual funds and Exchange Traded Funds (ETF); and,
  • alternative investments (e.g., real estate, cryptocurrency, precious metals, collectible items).
(c) Explore types of tax-saving investment accounts (e.g., Tax Free Savings Account [TFSA], Registered Education Savings Plan [RESP], Registered Retirement Savings Plan [RRSP]).
(d) Explore the advantages of investing at an early age and the impact of growth over time.
(e) Explain the reasons for diversification of investments.
(f) Explain the concept of risk tolerance including risk versus reward.
(g) Compare the advantages, disadvantages and ethical implications of various types of investment options.
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