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!
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!