What's Your Investment Readiness Score?

Discover where you stand on your investment journey. In just 4 quick questions, we'll evaluate your goal-setting clarity, risk understanding, diversification strategy, and investment discipline. Get an honest assessment of your readiness level and receive a personalized action plan to accelerate your path to financial success in Canada.

When it comes to your investment goals, where are you right now?

I haven't really thought about specific goals yet—I just want to make money. I have a general idea (like 'retire comfortably'), but no clear numbers or timeline. I have specific goals with dollar amounts and timelines, but I'm still refining them. I have detailed SMART goals written down with specific amounts and deadlines.

How comfortable are you with market ups and downs?

A 20% portfolio drop would panic me into selling immediately. I'd be nervous during downturns but would likely hold on. I can handle volatility reasonably well and understand market cycles. I'm comfortable with significant volatility and see downturns as buying opportunities.

How is your investment portfolio currently structured?

I don't have a portfolio yet or it's concentrated in one or two investments. I have some diversification but mostly in one asset class (mostly stocks or bonds). I have a reasonably diversified portfolio across stocks, bonds, and other assets. I have a well-balanced, diversified portfolio with domestic and international exposure.

What's your approach to fees and investment costs?

I'm not sure what fees I'm paying or how much they matter. I know I pay fees, but I haven't calculated the total impact on my returns. I'm aware of my fees and trying to reduce them, but I could optimize further. I actively minimize fees by using low-cost index funds or ETFs under 0.20%.

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