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A registered financial advisor can provide advice on the types of investments that are a good fit to your financial goals based on your specific financial circumstances, investment needs, objectives and risk tolerance.
Investments generally fall into three categories: equities, fixed income and cash or equivalent investments. Equity investments are another word for investments in the stock market. Fixed income investments aim to pay regular income while protecting your principal, for example, different types of bonds and some GICs. Cash or equivalent investments include savings accounts, fixed-term deposits and highly liquid investments like money market funds.