Personal Finance

Advice for student?

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  • Feb 17th, 2014 2:36 am
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Deal Addict
Aug 7, 2011
1170 posts
1016 upvotes

Advice for student?

Hey guys,

I'm a student. Can anyone recommend how to best utilize some extra cash?

I would like to start investing but I'm not sure how to start? Should I just walk into my TD and ask for an adviser?

Currently I'm thinking of opening up a TFSA and buying mutual funds, as someone has advised this to me, but I don't know a whole lot about this. Anyone know how much in transaction/start-up fees I can expect from TD? How do I select which mutual funds I'd like to buy? Also, what's a balanced mutual fund profile with medium (or low risk) going to get me typically in interest rates? Will this be compounded?

Sorry for all the questions. Should I just go see someone from my bank?


Thanks!
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