Skip to main content

Securities Regulator Reminds Investors To Consider If DIY Investing Is The Right Fit For Their Investing Needs | News and Media – Government of Saskatchewan

Released on September 22, 2022

In recent years, Do It Yourself (DIY) Investing has exploded in popularity, with more apps than ever offering accessible and affordable trading options. The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors to consider carefully if DIY investing is the right fit for their investment needs, by weighing factors such as their investment strategy, risk tolerance and goals, and ability to identify fraudulent opportunities.

“Before jumping into DIY investing, take the time to assess your risk comfort level and check to see if the platform you are using is registered,” Securities Executive Director Dean Murrison said. “Be careful of investment opportunities that offer too-good-to-be-true returns, even if they look legitimate. DIY investing can be successful for many people, but it requires discipline and financial knowledge. It should not be undertaken lightly.”

DIY investing is not suitable for everyone. It requires planning, research, and time. A DIY investment portfolio should be based on defined short to long-term goals and customized to fit financial and personal circumstances. Lack of understanding of investment products is one the biggest contributors to investment loss.

Investors are warned to pick their information sources carefully and be wary of investment advice from social media influencers, who may only have a layman’s knowledge or may promote products that benefit their own interests.

Investors should also be mindful of risk level when considering DIY investing opportunities and never invest more than they can afford to lose.

Investors should always remember to check before they invest and visit the FCAA website to confirm that any entity they are using to invest is registered in Saskatchewan. Registered status means that the entity has undergone a thorough vetting process. Unregistered dealers or platforms cannot legally sell investment opportunities in this province.

For more information about DIY investing, visit our website at https://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/investors/do-it-yourself-diy-investing.

-30-

For more information, contact:

Lana Guthrie
Financial and Consumer Affairs Authority
Regina
Phone: 306-787-5567
Email: lana.guthrie2@gov.sk.ca

Techyrack Website stock market day trading and youtube monetization and adsense Approval

Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog



from Investing – My Blog https://ift.tt/hbOuWpT
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

These money and investing tips can give you a smooth ride in a rough market – MarketWatch

Don’t miss these top money and investing features: Sign up here  to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How to approach rebalancing your portfolio for 2023 It’s not a good idea to rebalance your portfolio at preset intervals Read More Bonds aren’t more attractive than stocks even as yields register a 15-year high The S&P 500’s return is similar when the 10-year Treasury yield is high or low. Read More Here’s who’s been trading crypto, and how they’re doing A new study finds that most people who entered the cryptocurrency market have lost money — and that those people are young men. Read More BlackRock sees these thematic ETFs potentially outperforming in 2023 In this week’s ETF Wrap, MarketWatch spoke with BlackRock’s Jay Jacobs on investing themes he likes for 2023 as investors worry about a slowing economy and monetary tightening. Read More Three seasonal effects in the stock market begin around T...
Post a Comment
Read more

Four months until SACSCOC visits Auburn: Four things you might not know about SACSCOC – Office of Communications and Marketing

Notice body There’s less than four months remaining until Auburn University’s accrediting body, the Southern Association of Colleges and Schools Commission on Colleges, or SACSCOC, arrives for its on-site visit. As the Accreditation team prepares for the on-site phase of the reaffirmation process, we want to share four things you might not know about SACSCOC: 1. SACSCOC is self-governed by the accredited institutions SACSCOC’s Principles of Accreditation requires a model of shared governance of its member institutions and holds itself to the same standards. The Commission on Colleges is operated by the SACSCOC Board of Trustees. The 77 Board members are elected by the College Delegate Assembly, or CDA, which is comprised of one voting representative from each of the 780 SACSCOC-accredited institutions. Each representative is the president or other chief executive of their respective college or university. In other words, the election of SACSSCOC’s leadership is in the hands of its ...
Post a Comment
Read more

Coinbase Cuts Affiliate Marketing Commission Rates for Influencers - Business Insider

Some influencers earn revenue by driving sign ups for crypto apps using affiliate links. Crypto exchange  Coinbase recently lowered how much it pays some influencers per sign up. The company blamed the change on “market conditions” in emails to influencers leaked to Insider. Crypto exchange Coinbase has lowered how much it pays some social-media influencers who drive sign ups to the platform, according to emails sent to two creators and shared with Insider. “Due to market conditions, we are reducing payouts on the program to ensure we remaining profitable,” both emails said. The two personal-finance influencers were offered different terms by Coinbase, but both were substantially lower than previous payment schemes for its affiliate program. The influencers requested anonymity in order to speak freely, but their identities are known to Insider. Here’s what Coinbase offered, according to the emails: One creator was earning as much as $40 per sign up as ...
Post a Comment
Read more