Today, we often hear and read on social media that investing on your own is very profitable. But is this really the case? The answer is nuanced: it depends.
This allows you to choose your own investments and decide which type of product to invest your money in. What’s more, it offers the opportunity to reduce management costs, as you pay less for consulting fees.
However, there are constraints to consider.
Do-it-yourself investing requires time and knowledge. It’s essential to know what you’re talking about. The question is, do you want to take that time? And do you have enough time to do it?
Don’t overlook risk tolerance.
Another important factor to consider is risk tolerance. It’s easy to invest on your own when markets are rising. On the other hand, when markets are in a period of volatility or turbulence, it can be useful to have the support of a professional to advise us properly.
It’s like when you’re renovating. If you know what you’re doing, you can save costs and time. But if you don’t know what you’re doing, costs and time can explode.
At Kaleido, we offer well-diversified, managed portfolios that allow you to weather different market periods and achieve your long-term goals. You’ll also benefit from the support of your advisor. This person will help you maximize your savings and grants, and assist you with withdrawals when it’s time for your beneficiary to start post-secondary education.
That’s why Kaleido is the RESP that does MORE.
