Holding Your Financial Future in Your Hands: The Basics of Investing
Loading...
Date
2022
Authors
Spotton Visano, Brenda
Hao, Jian
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Description
With the increasing prevalence of financial technology, there is an unprecedented ease of access to a wide variety of investment products. Though it can be an important part of long-term financial planning for those who do have some savings, investing carries both potential risks and benefits. Despite it being now easier than ever to start investing, most people remain relatively uninformed about the basic principles of investing. Understanding these principles is important for making sound financial decisions and avoiding certain financial pitfalls. As such, the objective of this workshop is to introduce participants to basic concepts in investing and equip them with the tools and information needed to evaluate the risks associated with various financial products. Through a series of interactive and engaging activities, participants will gain an understanding of the key concepts in investing, how interest works, the risks associated with investing and the importance of knowing one’s own risk-tolerance level. Students will apply their math and research skills to several case studies.
NOTE: For individuals and dependents of families receiving social assistance or student aid and living on a very low income, saving to invest will be difficult and any investment gains may affect entitlements to income supports and related benefits.
Keywords
financial literacy, financial planning, investing, finance, stocks, continuing education, glendon