How to become an Educated Investor in 2022
Many people kicked off the new year with investment resolutions.
However, for those getting started with investing it can feel overwhelming and uncomfortable.
The British Columbia Securities Commission is an independent provincial government agency that provides unbiased investing information through its investor education website, InvestRight.org.
InvestRight has a vast array of online tools and information to help British Columbians make informed investment decisions.
Pamela McDonald, director of communications and education at the B.C. Securities Commission, joined CTV Morning Live to share the difference between robo-advising and self-directed investing.
McDonald shared that robo-advisors, also known as online investment advisors, use technology to lower costs and processes. They require minimal or no direct human contact.
Self-directed or DIY investing is where individual investors build and manage their own investment portfolios.
When DIY investing, McDonald emphasized that it is important to understand your financial goals, time horizon, risk tolerance and investment knowledge. InvestRight.org has new video resources available to help investors deepen their knowledge.
Check out the full video from CTV Morning Live to learn more about becoming an educated investor in 2022.
CTVNews.ca Top Stories
Young people 'tortured' if stolen vehicle operations fail, Montreal police tell MPs
One day after a Montreal police officer fired gunshots at a suspect in a stolen vehicle, senior officers were telling parliamentarians that organized crime groups are recruiting people as young as 15 in the city to steal cars so that they can be shipped overseas.
'It was joy': Trapped B.C. orca calf eats seal meat, putting rescue on hold
A rescue operation for an orca calf trapped in a remote tidal lagoon off Vancouver Island has been put on hold after it started eating seal meat thrown in the water for what is believed to be the first time.
Man sets self on fire outside New York court where Trump trial underway
A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic hush-money trial was taking place as jury selection wrapped up, but officials said he did not appear to have been targeting Trump.
Sask. father found guilty of withholding daughter to prevent her from getting COVID-19 vaccine
Michael Gordon Jackson, a Saskatchewan man accused of abducting his daughter to prevent her from getting a COVID-19 vaccine, has been found guilty for contravention of a custody order.
Mandisa, Grammy award-winning 'American Idol' alum, dead at 47
Soulful gospel artist Mandisa, a Grammy-winning singer who got her start as a contestant on 'American Idol' in 2006, has died, according to a statement on her verified social media. She was 47.
She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
Scottish comedian Samantha Hannah was working on a comedy show about finding a husband when Toby Hunter came into her life. What happened next surprised them both.
B.C. judge orders shared dog custody for exes who both 'clearly love Stella'
In a first-of-its-kind ruling, a B.C. judge has awarded a former couple joint custody of their dog.
Saskatoon police to search landfill for remains of woman missing since 2020
Saskatoon police say they will begin searching the city’s landfill for the remains of Mackenzie Lee Trottier, who has been missing for more than three years.
Shivering for health: The myths and truths of ice baths explained
In a climate of social media-endorsed wellness rituals, plunging into cold water has promised to aid muscle recovery, enhance mental health and support immune system function. But the evidence of such benefits sits on thin ice, according to researchers.