{"id":166,"date":"2023-08-09T16:50:29","date_gmt":"2023-08-09T20:50:29","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/?post_type=part&#038;p=166"},"modified":"2023-09-03T19:22:57","modified_gmt":"2023-09-03T23:22:57","slug":"viii-investment-basics","status":"publish","type":"part","link":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/part\/viii-investment-basics\/","title":{"raw":"Investment Basics","rendered":"Investment Basics"},"content":{"raw":"<div class=\"textbox textbox--learning-objectives\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Learning Objectives<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n\r\nAfter studying this section, students should be able to:\r\n<ul>\r\n \t<li>Recognize how compound interest is calculated and increases exponentially<\/li>\r\n \t<li>Describe various types of investments<\/li>\r\n \t<li>Understand the similarities and differences between mutual funds, index funds, and exchange-traded funds (ETFs)<\/li>\r\n \t<li>Identify the administrative costs included in a fund\u2019s management expense ratio<\/li>\r\n \t<li>Obtain a high overview of how investment income is taxed in Canada<\/li>\r\n \t<li>Create a reasonable simple plan to an individual\u2019s investment strategy<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>\r\n&nbsp;\r\n<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Disclaimer<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n\r\nThe content relating to Investments is for informational purposes only, and does not constitute any legal, tax, investment, financial, or other advice.\u00a0 Any investments listed would only be referenced as examples.\u00a0 All content in this resource handbook is information of a general nature and does not address the circumstances and risk levels of any particular individual or entity.\u00a0 There is no recommendation of any investments based on your specific situation.\u00a0 You alone assume the sole responsibility of evaluating the merits and risks associated with any investment prior to making any such decisions.\r\n\r\n<\/div>\r\n<\/div>\r\n&nbsp;","rendered":"<div class=\"textbox textbox--learning-objectives\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Learning Objectives<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<p>After studying this section, students should be able to:<\/p>\n<ul>\n<li>Recognize how compound interest is calculated and increases exponentially<\/li>\n<li>Describe various types of investments<\/li>\n<li>Understand the similarities and differences between mutual funds, index funds, and exchange-traded funds (ETFs)<\/li>\n<li>Identify the administrative costs included in a fund\u2019s management expense ratio<\/li>\n<li>Obtain a high overview of how investment income is taxed in Canada<\/li>\n<li>Create a reasonable simple plan to an individual\u2019s investment strategy<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Disclaimer<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<p>The content relating to Investments is for informational purposes only, and does not constitute any legal, tax, investment, financial, or other advice.\u00a0 Any investments listed would only be referenced as examples.\u00a0 All content in this resource handbook is information of a general nature and does not address the circumstances and risk levels of any particular individual or entity.\u00a0 There is no recommendation of any investments based on your specific situation.\u00a0 You alone assume the sole responsibility of evaluating the merits and risks associated with any investment prior to making any such decisions.<\/p>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"parent":0,"menu_order":8,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-166","part","type-part","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/pressbooks\/v2\/parts\/166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":4,"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/pressbooks\/v2\/parts\/166\/revisions"}],"predecessor-version":[{"id":578,"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/pressbooks\/v2\/parts\/166\/revisions\/578"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/wp\/v2\/media?parent=166"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/wp\/v2\/contributor?post=166"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialfreedomfortrades\/wp-json\/wp\/v2\/license?post=166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}