Invest regularly

Diversification: A method of managing your risk that mixes a wide variety of investments within your portfolio. The rationale behind this technique argues that a portfolio made up of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio since any volatility is spread out across a number of securities

Investing small amounts on a regular basis keeps you moving steadily toward your goals.

“Pay yourself first” is a common rule of saving and investing. The idea is that you make small, regular payments to yourself for investment purposes. If you do this for small, practical things like your bills, why not do it for yourself—to achieve the things that matter most? Getting in to the habit of making these regular instalments helps you budget your day-to-day life around your investing, while still being comfortable in the knowledge you are setting aside money for your future.

Investing success is more about steadiness and commitment than fancy manoeuvres.

Most people know that it’s good to buy investments at a low price and sell at a high price. But trying to guess which way the markets will go and time your decisions is often a losing game—even for the experts. The most reliable way of making your money grow is to stay diversified and keep investing steadily. If you invest a set amount every month, you will automatically take advantage of low prices when markets dip and stay calm when markets heat up. The slow and steady approach tends to yield more growth—and less stress—than trying to guess the future.

Invest automatically

Now, it’s easier than ever to save and invest regularly, thanks to the Pre-authorized Contribution (PAC) program. Using PAC lets you transfer money automatically from your Scotiabank account to your portfolio at no cost. You set the frequency and the amount of your contribution, then sit back and let your money go to work for you. Speak to a Scotiabank representative to find out more.