Investment In Uncertain Economic Times

There seems to be a lot of varying information out there regarding investment during uncertain economic times.  One train of thought advocates buying stocks when the value is lower so that when the economy eventually rebounds, the value of the stock you bought at a depressed rate will rise and result in a decent profit.  Another train of thought advocates reconsidering your current investment mix to attempt to reduce risk.  One thing that is clear is that in any case, maintaining diversity in the types of investment and different industry you are investing in when you buy stocks is key.

Ing Direct Canada offers 3 different mutual fund investments with different levels of risk.  The mutual funds are broken up into categories based on the level of risk inherent in investing in them.  So there are low, moderate and higher risk.  The general idea is that the higher the risk, the greater the potential for profit.  What is important to remember is to always use common sense.  If it is going to keep you up at night worrying because of your investment choice, then just don't do it!!  If you are okay with the potential for a lower rate of return, but less chance that you will lose money, then go with a mutual fund that is weighted more towards bonds.  If you are more of a risk taker and plan to keep your money invested for a longer period of time, then go with a mutual fund that has more stocks.  ING Direct Canada offers a great set of tools and information that will allow you to assess the amount of risk you want to take.

For more information:

http://www.ingdirect.ca/en/mutualfunds/learningcentre/index.html#

And remember if you decide to open an account with a minimum $100 investment to use Orange Key 35638912S1 to get your FREE $25 for just opening the account!!    

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RSP Guaranteed Investment

Get the guaranteed benefits of an ING DIRECT GIC, combined with all the tax savings of an ING DIRECT RSP.  It has one of the best rates going, no fees, no service charges and an early redemption interest rate of 0.5% just in case you need it sooner...and all safe and secure while you save for your retirement. Your interest is compounded annually and paid at maturity.

Current Interest Rates

1 Year	1.75%
1 ½ Year	2.25%
2 Year	2.30%
3 Year	2.75%
4 Year	3.00%
5 Year	3.25%

Remember to use Orange Key 35638912S1 with a minimum $100 deposit to get your free $25!

A Good Old Fashioned Savings Account

As part of my savings plan, I keep a contingency fund that equals three months wages in case something happens where i can't work.  Its a good practice that everyone should try their hardest to accomplish since you never know what will happen in life.  For this, I have an investment savings account with ING Direct Canada

http://www.ingdirect.ca/en/save-invest/savingsaccounts/index.html

While you will not make as much interest as on a GIC or other savings vehicle that requires your money be locked in, a savings account will let you make a little and still have the ability to access your money at a moments notice should you need it.  ING Direct Canada offers a very competitive 1.5% interest rate on their Investment Savings Account.  And with ING Direct, the entire 1.5% interest rate goes into your pocket, not eaten away be fees as with other banks

Use Orange Key 35638912S1 when opening an account, deposit a minimum $100 and get an additional $25 FREE to get a jump start on your savings. 

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A Couple of People Like Free Money!

I had a couple of people take advantage of the great deal offered by ING Direct and we all benefitted by getting $25 for each new account opened with a minimum $100 deposit.  Now they too will have the opportunity to make additional money through the referral system.  Congratulations!


Head on over to www.ingdirect.ca and enter Orange Key 35638912S1 today!!

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