Welcome to BMG DIY Investor. This site is designed for Canadians who are already knowledgeable investors and also for those new to savings and investing as well as, those that want to learn more about investment options and establishing their own financial plan. It seeks to increase levels of financial literacy and demystify the jargon around investment products to help put you in full control of what you invest in and how you manage your investments. You are responsible for making your own investment plan, researching and placing trades, and monitoring and updating your portfolio without the help of an investment advisor.
This, however, requires careful planning and research. You must assume full responsibility for your choices and the outcomes of those decisions – may they be good or bad.
Ensure that you understand the time and skills needed to make the right decisions for you and your family. There are some habits and disciplines you can borrow from the pros that will improve your outcomes.
Things to keep in mind to see if self-directed investing is right for you:
1. What is my level of investment knowledge?
2. Do I understand my investing needs and goals?
3. Do I have the time to do my research?
4. What is my actual risk tolerance?
5. Am I just jumping on the latest investment trend?
