Questions About Starting Your Investment Journey?
We understand that beginning to invest can feel overwhelming. That's why we've gathered the most common questions from people in your position and provided straightforward answers based on what actually works in the Canadian market.
Getting Started
Everything you need to know about taking your first steps into investing, from opening accounts to understanding basic terminology.
Account Types
Learn about TFSAs, RRSPs, and regular investment accounts. We break down which might work better for your situation.
Investment Options
Questions about ETFs, index funds, stocks, and bonds. Real information about what these actually mean for your money.
Risk Management
Understanding how to approach risk thoughtfully. Not all risk is bad, and we'll help you figure out what makes sense.
How much money do I actually need to start investing?
You can start with whatever amount makes sense for your budget. Many Canadian brokers let you begin with $100 or even less. What matters more than the starting amount is developing consistent habits.
Some people begin with $50 monthly contributions. Others wait until they have $1,000 saved. Both approaches can work. The key is starting when you're financially ready and can commit to learning along the way.
Should I pay off debt before I start investing?
This depends on your interest rates. High-interest debt like credit cards (usually 19-29%) should typically be addressed first. The math is straightforward: paying off 20% interest debt is better than hoping for 7% investment returns.
For lower-interest debt like mortgages or student loans, you might consider doing both. Contributing to a company RRSP match while paying down your mortgage can make sense. Everyone's situation differs, which is why we spend time understanding your complete financial picture.
What's the difference between a TFSA and RRSP?
TFSAs let you invest after-tax money, and your gains grow tax-free. You can withdraw anytime without penalties. RRSPs reduce your taxable income now, but you'll pay tax when you withdraw in retirement.
Which one works better? It depends on your current income, expected retirement income, and when you'll need the money. There's no universal answer, but we can walk through scenarios based on your actual numbers.
How do I know if I'm taking too much risk?
If market drops keep you awake at night or make you want to sell everything, your portfolio probably doesn't match your comfort level. Risk tolerance isn't just about numbers. It's about how you actually respond when your account balance decreases.
A good test: imagine your investments dropped 20% next month. Would you stay calm, buy more, or panic sell? Your honest answer reveals more than any questionnaire. We help you build portfolios that let you sleep well regardless of market movements.
What happens if I need my money before retirement?
This is exactly why account type selection matters. TFSA money can be withdrawn anytime for any reason without penalties. RRSP withdrawals (except for first home or education) will be taxed as income and reduce your contribution room permanently.
Smart planning means matching your account types to your timeline. Money you might need in five years shouldn't be locked in an RRSP. Money for retirement in 30 years might benefit from RRSP tax advantages. We map this out based on your actual plans and goals.
Can I manage my own investments or do I need help?
Some people successfully manage their own portfolios. They enjoy research, can stick to a plan during market volatility, and have time to stay informed. Others prefer working with someone who does this full-time.
The question isn't really about capability. It's about interest, time, and emotional discipline. Even experienced investors sometimes benefit from having someone to discuss decisions with before acting on them. Our role is helping you make informed choices rather than emotional reactions.
What Our Clients Say
Real experiences from Canadians who started their investment journeys with us
"I spent three years being intimidated by investing before I finally reached out. Within two months of working with Yuvoxer, I had a clear plan and actually understood what I was investing in. No jargon, no pressure to invest in things that didn't make sense for my situation."
"What I appreciated most was the honesty. When I asked about a trendy investment I'd heard about, they explained why it didn't fit my timeline and risk tolerance instead of just selling it to me. That built trust. Now, 18 months in, my portfolio reflects my actual goals rather than someone else's sales targets."
Still Have Questions?
Every financial situation is different. If you didn't find your specific question here, or if you'd like to discuss your particular circumstances, we're here to help. No obligation, no pressure. Just honest conversation about your options.