Pam Mundell, Financial Planner at Assante Financial Management Ltd.
Suite 101-1479 John Counter Blvd, Kingston K7M J73 Kingston, ON, Canada

Investing tip: Markets move in cycles Up markets are followed by down markets and down markets are followed by up markets. Stay invested! ... Some of the best days in the markets are followed by some of the worst days. Don’t try and time the markets. Stay invested for the long term. Successful investing takes time. Don't forget to like and share this post and consider following me for more financial literacy tips!

INVESTING TIP - INVESTING LONG TERM FOR YOUR RETIREMENT If you do not belong to an employer sponsored pension plan than you will need to take responsibility for investing for yourself. Open a Registered Retirement Savings Plan (RRSP) and set aside a fixed percent of your income and ‘pay yourself first’. ... Divide this annual savings goal by the number of pay periods and every time you get paid make a contribution into your RRSP. Be sure to like and follow me for more financial tips!

SAVINGS TIP - SAVE FOR AN EMERGENCY FUND Allocate a fixed percent of your income and ‘pay yourself first’ Divide this annual savings goal by the number of pay periods and every time you get paid, make a contribution to your emergency fund. ... If you earn $60,000 per year and want to save 5% each year and you are paid every two weeks you need to set aside $115 every time you are paid to save $3,000 a year. Be sure to like and follow me for more financial tips!

INVESTING TIPS INVESTING FOR THE LONG TERM What is long term investing? A 35-year-old investing in an RRSP to fund a retirement to support themselves for a lifetime. And then retiring at 65 and living until 95 is long term!! ... That’s investing for 60 years!! That’s long term. Don’t let short term market volatility upset your long term goals. Successfully investing requires investing for the long term.