The list of investments for your money is endless. You could invest in real estate, comic books, baseball cards, or even an emu farm. We’ll be staying away from the collectables and animals today though. The common investments we’ll be examining are the products you might commonly find offered at your local bank, or by a financial adviser or broker.
NSSC Blog: Before You Invest
The simple answer to this question is: Yes, every investment has some amount of risk. Period. When it comes to investing, the higher the potential return, the higher the risk. Maybe the most important thing to remember when it comes to risk and investing is –
There is no such thing as a high return, no risk investment.
Unfortunately, there is no one blue print to follow to get started with investing or a one-size-fits-all plan. There is no magic formula or steps you can follow to ensure you’ll become a successful investor. Remember, the adage, if it sounds too good to be true – it probably is? That rings true for investing as well.
That all being said there are initial steps you can take when you start investing to make sure you invest wisely and safely.
The Ontario Securities Commission (OSC) issued a new investor alert this week, concerning a new binary options advertisement scam using Conservative leader candidate and business man Kevin O’Leary.
Several binary options companies have been using O’Leary’s face and acknowledgement in advertisements for their investments and platforms without permission.
In your life, there are only two ways to make money. You can work for your money or you can make your money work for you through investing. The best way to reach your financial goals is to do both. You’re going to work, but you need to invest too.
The dictionary definition of investing is… “expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.” That’s quite a mouthful. No one talks like that though, so let’s make things a little simpler.
As their name suggests the Enforcement Branch's mandate is to enforce securities laws. Any complaint the commission receives from the public is handled by Enforcement. We investigate these complaints and allegations of misconduct in the capital markets. If the allegations are found to be true we can initiate proceedings against the accused. These allegations could include unlicensed trading or advising in securities, non-disclosure, or targeting investors with scams or fraud.
As we start off a new year, the Before You Invest blog is getting a new start as well. We’ll still be doing periodic posts on new legislation, scams and investment news that Nova Scotians need to know about. We’ll also be getting back to the basics for those new to investing and securities with our new Question of the Week. Every Wednesday we’ll post a new question with the answer from our experts at NSSC. We’ve got the first few questions ready to roll out this month, but we also want to hear from you. What do you want to know more about?
The Nova Scotia Securities Commission has noticed an increase in solicitations and marketing for investment in binary options (also called “fixed-return options”).
At this time, no binary options trading companies are registered in Canada. These platforms may be engaging in illegal activity.