An index fund is a passively managed investment that tracks an underlying financial market index and builds a portfolio based on the same stocks, bonds and other securities.
A registered education savings plan (RESP) is an account that helps Canadians save, invest and earn government grants for their child’s post-secondary schooling.
Buying stocks lets you purchase a share of ownership in individual companies. While there are risks, investing in the stock market is a way to build wealth over time. Here’s how to do it.