• I would recommend they invest in companies they already deal with and trust, like a bank, a telecom, and an energy utility, preferably companies they are already paying fees to. In this way, they know and may respect, like or trust the companies, but could also recoup some of their fees. For instance, BNS, BCE and FTS could be three dividend bearing companies to start with before moving into the other sectors. I would also recommend getting some impartial tax and investment advice from two independent and objective advisors, who don’t know each other, for their advice on how to invest efficiently and what to invest in.
    Put as much in as they can afford annually, or semi-annually, so that brokerage fees are a very small percent of the purchase.
    Drip the dividends and maximize Registered and Tax-Free accounts.

    Finally, don’t withdraw. If money is needed, stop investing to save what you need until you can begin investing a small, same or larger amount as soon as possible.

    Think of it as a hone purchase or pension.

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