Where to invest $1,000 NOW: from MoneySense magazine

Whether you have $1,000, $10,000 or more, we show you where to best invest. Some of our tips may surprise you


  • Canada's best credit cards: which one is right for you?
  • Is it wise to downsize?

TORONTO, Sept. 12, 2011 /CNW/ - As we Canadians continue to face economically uncertain times, who couldn't use sound advice on investing in this crazy market? In its latest issue, MoneySense magazine offers tips on where you should invest, whether you have $1,000, $10,000, $100,000 or $500,000 to spare. We present both general investment strategies and also a list of recommended funds, stocks or services to assist you in investing in the market right now. But not all our tips are about traditional investing.

For example, if you have $1,000, we suggest: Pay off your debt; set up an emergency fund; or maybe, take the Canadian Securities Course. If you have $10,000: Stash your cash in one of these great funds; learn about the magic of compound interest—and compound fees; or, get an MBA; If you have $100,000, maybe you should: buy a franchise; take a sabbatical; or invest in collectibles.

MoneySense also profiles real investors who are at different stages in their lives and are investing their money to ensure a comfortable future.

We know the Canadian credit card marketplace can be overwhelming, with dozens of issuers offering hundreds of cards, each promising cash back rewards, free flights or low rates. But which ones are the best? And which is right for you? Our sophisticated ranking system rates 100 of the most popular credit cards in Canada, based on card types. So if you are looking for travel rewards cards or the best business cards, MoneySense has the solution to suit your lifestyle.

With typical Canadian home values having more than doubled since 2001, those getting ready to retire are tapping into that wealth by downsizing to smaller homes. The truth is, most downsizers walk away with much less than they anticipated, and many run into unexpected snags. We show you how to do it right. MoneySense talked to three families in the process of downsizing to find out how to avoid the pitfalls and reap the benefits.

About MoneySense:
MoneySense is Canada's personal finance and lifestyle magazine. Packed with smart features, practical advice and easy-to-follow financial tips on everything from home improvement to mutual funds, MoneySense attracts Canadians nationwide on the lookout for new ways to save, invest and spend. MoneySense.ca is Canada's best all-around personal finance website.

SOURCE MoneySense

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Louise Leger

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