There’s a new way to manage the money you have left when you leave home.
In Canada, it’s called selective wealth-management.
It’s essentially the same as a 401(k), but it’s more like a portfolio of assets that you can choose to invest in.
Instead of saving for a specific retirement account, you can allocate that money to assets that are safe and diversified, says David Ducharme, founder and CEO of Ducharship Solutions.
It’s like having a safe haven to store your money, he says.
You can put it in an IRA or in an individual retirement account.
And it’s easier to invest that money than with traditional investments.
Ducharmes group has helped tens of thousands of people in Canada and around the world get started by investing their money in their retirement accounts.
He’s been working with people for years to make it easier for them to do so.
“The challenge for us was, we needed to build an infrastructure, which would be really simple and affordable for people,” he says, adding that a lot of people didn’t have the time to build their own portfolios.
“There are a lot more people that have been doing this, a lot less people who are starting up their own investments.”
Ducharsing is an online platform where you can see what’s available to you in the market and you can decide whether to invest your money in a traditional retirement account or in a Ducharrs scheme.
In the past, Duchartes has also worked with people to help them save for a down payment on a home.
That’s usually a downpayment on a new home.
Now, Durchars is looking at investing in a home equity line of credit or a HELOC for people who want to save for their first home.
Durchars also says it’s important to remember that the funds you invest in will be invested in an investment company.
It doesn’t necessarily have to be a bank.
The fund is typically made up of an ETF, which is an index of securities.
Durcharks says there are a number of different types of ETFs out there, including the SPDR S&P 500 ETF, and some ETFs have been launched to hedge against inflation, like the SPDRs U.S. Treasurys ETF.
Dursons group has also helped people manage their retirement assets in a number-crunching way.
It comes down to a simple idea: How much money do you have?
How much are you willing to lose if things don’t go according to plan?
“You need to be able to say, ‘I need this amount of money for a year or two, but I don’t have enough money for this one,'” he says of his company.
It also comes down not only to how much money you need, but how much you can afford to lose.
That’s why he recommends starting with low-risk investments and adding more risk-adjusted, high-yield assets as your investment portfolio gets larger.
For example, he recommends a small-cap index fund like the BlackRock GoldShares Select Gold Trust (GTSG).
“The GTSG will give you an asset allocation that will be very diversified,” Durchards says.
That will give your money the maximum return.
In addition to that, you need to diversify your portfolio so that you get a return that is equal to or better than the S&s target rate.
That means diversifying your assets in low-cost stocks, small-caps and emerging markets.
Duryak Kothari, a certified financial planner in Toronto, says Durchas fund is a great way to build up your portfolio.
“It’s not a huge amount of funds, but it will give the person who’s starting out a great starting point,” he said.
“That will help them build their portfolio.”
For some people, it can be hard to decide whether they should go with a traditional investment fund or a Durchs fund.
That may be because the fund’s value may be limited, but the rewards of being a Dursons customer are worth it.
“We think that’s a fantastic service,” said Duryak.
“It gives you the best opportunity to diversified portfolios.”
Durcharks website offers some great advice for anyone looking to diversize their portfolio.
Here are a few of the more popular recommendations:You can get advice from a wealth-building expert, a financial planner or a registered dietitian.
“I think you can go with whatever you want,” Duryaks says.