MCS 2100 Chapter Notes - Chapter 10: Canada Deposit Insurance Corporation, Mutual Fund, Interest Rate Risk

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2100
• Professor: May Aung

Document Summary

Establishing investment goals: to be useful, investment goals must be specific and measurable, must be tailored to your particular financial needs. Investment goals can be stated in terms of money or in terms of the particular things they desire. Investment goals are always oriented towards the future short-term, intermediate or long-term. Obtain adequate insurance protection: essential that you consider insurance needs before beginning an investment program. Getting the money needed to start an investment program. The value of long-term investment programs: even small sums grow over a long period of time the rate of return and the length of time your money is invested do make a difference. If you are saving for a short-term goal should choose a less risky investment, need to guarantee the cash will be available when you need it. Investment income: the safest investments passbook savings accounts, gics, canada savings bonds,