There are only two ways to make high profit with low investment in Canada. As a beginner in investment market you cannot hope to enter and make your prospect easily. If you are advised that the investment market operates in that way, then beware of the trap. If you follow the right track, start operating slowly and get up the way, you will definitely make good profits and you will also understand the profit potentials in the market. There are two best choices for investment for Canadian people, one is stock and the other is mutual fund.
Some starter investors are found unwilling to make investment in stocks. They do not want to pay the fees to the brokers. A good portion of your investment is eaten up by commissions. Again if you don’t have enough money to invest at the start, it can result in a breakup of the deal. But you can avoid all these kind of fees if you plan to buy stocks directly in Canada.
If you want to buy stocks directly, you can simply buy individual shares of a company directly from its transfer agent. No broker will be involved in the process. Transfer agents may charge a small fee per business. Some of them even don’t charge any fee!
As an investor you should inquire about the options offered by the companies since they do not advertise in case of direct purchase plans. Check out the websites of the companies selling stocks directly to investors. You will get information in their sites.
If you think that trading through brokers will help you, then go for brokers who work online. Their charges are less than the offline brokers. Whatever you choose, try to trade with companies having good reputation and operating for a long time. This will help you to minimize the risk factors while trading through brokers in Canada.
2. Mutual Funds
It is a kind of investment which incorporates bonds, multiple stocks and other type of securities. It involves different levels of risk, mix investments and is administered by a professional. Mutual Fund is a great option to diversify your status without spoiling your image.
You can invest in mutual funds according to your choice. But you will also get the advantage of a well-experienced fund manager who will choose investments on your part. You can also diversify your prospect without investing a huge amount of money if you live in Canada.
You will get various other options of investment. But as a beginner these two options are the best and easiest. Once you have learned the trick of the trade, you can opt for other options of investment and boost your prospect in the market.
These were the two methods to make huge profits with low investments in Canada, if you got any better ideas then please share it via comments.