This article originally appeared on cbc.ca. To read the full article click here.
We all have a money story that we often don’t think about. Whether it’s a parent who helped you start a TFSA before you understood what that acronym meant or a grandparent who took half of your allowance and invested it instead of letting you spend it all frivolously on candy.
No matter how you first wrapped your head around the concept of investing, there was likely that one person who helped you first understand it – a “secret helper” if you will. Many people put off investing for years because they are afraid to sit down with someone and tell them their plan. The truth is not everyone knows where life is taking them, and it can be intimidating sitting down with a financial advisor and being asked questions you don’t know the answers to. We sat down with a number of entrepreneurs to break the stigmas around investing and the results were astonishing. We also had the opportunity to learn about an investment platform, which we have now deemed the grown-up version of our “secret helper.”
RBC® InvestEase™ is a smart, easy to use online investing service to help you make your own investment decisions. It is built with intelligence and provides you with personalized portfolio suggestions based on your income, time horizon and goals. A huge benefit RBC InvestEase offers is the ability to help identify your personal risk level based on answering a few simple questions around the level of risk you are willing to take with your investments, which isn’t always an easy conversation when you’re investing with an advisor. RBC InvestEase can become your secret helper allowing you a gateway to investing while remaining user-friendly and keeping management fees low.
Here are 5 Reasons why we love it:
1) Instant portfolio recommendation
You can find out your recommended portfolios prior to even signing up. Many people invest in specific portfolios because a friend or family member does. In reality, what works for one person might not be the best option for someone else. When you sign up for RBC InvestEase you are able to see what is recommended for you based on the questions you have answered about your income and risk tolerance.
RBC InvestEase Inc. provides online discretionary investment management services. Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.
The services provided by RBC InvestEase are only available in Canada. If you are not currently a resident in Canada, you should not access the information available through this digital service.
To read the other four money-saving tips from RBC, click for the full article here.