Diversifying your investments is a key component of any successful investment strategy, and it's especially important for those who are heavily concentrated in natural resources. This can be a problem in Canada. Some people are even concentrated in natural resources without knowing it by having, say, a few key holdings in multiple sectors that are…
There are many different types of investments, including stocks, bonds, mutual funds, ETFs, real estate, and more. Each type of investment has its own set of risks and rewards, so it's important to understand the basics before investing your money.
1. Stocks
Stocks are ownership interests in public companies. They typically offer high potential returns…