top of page

Investing 101: A Guide for Investment Planning for Millennials and Gen Z

Key Takeaways:



📚 Understand the Basics

Learn key investing concepts like risk vs. return and diversification

📊 Explore Investment Types

Familiarize yourself with stocks, bonds, mutual funds, ETFs, and real estate

🎯 Set Goals and Strategies

Determine your risk tolerance, create a diversified portfolio, and invest regularly

💻 Choose a Platform

Consider online brokers, robo-advisors, or traditional financial advisors

💼 Manage Your Investments

Monitor your portfolio, rebalance as needed, and avoid common mistakes

🤝 Seek Professional Advice

Understand how investing fits into your overall financial plan


Hey there, it's Rolf from ProsperWise Advisors.

As a Millennial or Gen Z, you may be wondering how to start investing and building wealth for your future. In this article, I'll introduce you to the basics of investing, different types of investments, and strategies to help you get started on your investing journey.

Understanding the Basics of Investment Planning

Before diving into investing, it's important to understand some key concepts:

  • Investing involves putting your money into assets with the expectation of generating income or profits over time.

  • Risk vs. return: Generally, investments with higher potential returns also carry higher risks.

  • Diversification: Spreading your money across different types of investments can help manage risk.

Learn more about these and other fundamental concepts in our Financial Essentials blog series.

Types of Investments

There are several common types of investments you should know about:

  1. Stocks: Ownership shares in a company

  2. Bonds: Debt securities issued by companies or governments

  3. Mutual Funds: Professionally managed portfolios of stocks, bonds, or other assets

  4. Exchange-Traded Funds (ETFs): Similar to mutual funds but traded on stock exchanges

  5. Real Estate: Property ownership or investment through vehicles like REITs

Types of investments for millenials and gen z

Investing Strategies for Millennials and Gen Z

To start investing, consider the following strategies:

  1. Set clear investment goals: Determine what you're saving for and when you'll need the money.

  2. Determine your risk tolerance: Understand how much risk you're comfortable with and invest accordingly.

  3. Create a diversified portfolio: Spread your investments across different asset classes and sectors.

  4. Invest regularly and consistently: Take advantage of dollar-cost averaging by investing a fixed amount at regular intervals.

Check out our case study about a tech-savvy engineer who got control of his finances and started investing wisely.

Choosing an Investment Platform

There are several options for where to invest your money:

  • Online brokers: Platforms that allow you to buy and sell investments yourself

  • Robo-advisors: Automated investment management services

  • Traditional financial advisors: Professionals who provide personalized investment advice and management

Consider factors like fees, minimum investment requirements, and the level of support you need when choosing a platform.

Managing Your Investments

Once you've started investing, it's important to:

  • Monitor your portfolio regularly

  • Rebalance your investments as needed to maintain your desired asset allocation

  • Adjust your strategy as your goals or circumstances change

  • Avoid common mistakes like trying to time the market or letting emotions guide your decisions

financial investing for millennials canada

The Role of Financial Planning in Investing

Investing is just one piece of your overall financial plan. It's important to balance investing with other priorities like paying off debt, saving for emergencies, and planning for retirement. Working with a financial planner can help you create a comprehensive strategy that takes into account all aspects of your financial life.

Learn how an entrepreneur outsourced their CFO role and gained clarity and confidence for growth with the help of a financial planner.

Start Investing Today

The earlier you start investing, the more time your money has to grow through the power of compound interest. As a Millennial or Gen Z, you have a unique opportunity to begin building wealth for your future.

At ProsperWise Advisors, we're here to provide the guidance and support you need to start investing with confidence. If you're ready to take control of your financial future, contact us today to schedule a consultation and learn how we can help you reach your goals.

Best, Rolf

7 views0 comments


bottom of page