In the event of a Canada Post service interruption, visit our latest updates or our FAQ.

  • Personal
    • Products
    • Services
    • Branches
    • Search
    • Contact us
    • Become a member
    • Login
    • Allia
  • Business
    • Products
    • Services
    • Branches
    • Contact us
    • Search
    • Become a member
    • Login
    • Allia
  • My Caisse
    • Who we are
    • Social Involvement
    • Branches
    • Contact us
    • Become a member
    • Search
    • Login
    • Allia
  • Français
Caisse Alliance
Online services
Allia
Login
Payment Stream
Login
Credit Card - Personal
Collabria
Login
Credit Card - Business
Login
Caisse Alliance
Search Login
Online services
Allia
Login
Payment Stream
Login
Credit Card - Personal
Collabria
Login
Credit Card - Business
Login
Online services
Allia
Login
Payment Stream
Login
Credit Card - Personal
Login
Credit Card - Business
Login
  • Personal
    • Products
    • Services
    • Branches
    • Search
    • Contact us
    • Become a member
    • Login
    • Allia
  • Business
    • Products
    • Services
    • Branches
    • Contact us
    • Search
    • Become a member
    • Login
    • Allia
  • My Caisse
    • Who we are
    • Social Involvement
    • Branches
    • Contact us
    • Become a member
    • Search
    • Login
    • Allia
  • Personal
    • Products
    • Services
    • Branches
    • Search
    • Contact us
    • Become a member
    • Login
    • Allia
  • Business
    • Products
    • Services
    • Branches
    • Contact us
    • Search
    • Become a member
    • Login
    • Allia
  • My Caisse
    • Who we are
    • Social Involvement
    • Branches
    • Contact us
    • Become a member
    • Search
    • Login
    • Allia
  • Blog
  • Career
  • Interest Rates
  • FAQ
  • Students
  • Communications
  • Solutions
  • Market Conduct Code
  • Deposit Insurance
  • 888 404-2246
  • Book an appointment
  • Interest Rates
  • Français
Fermer
Search
Blog

Invest according to your needs

You know where you stand financially, you’ve made a budget and you’ve determined how much you want to save weekly or monthly for future projects. Is your project to buy a house, retire comfortably or pay for your children’s post-graduate education? Whatever it is, the way to make it happen is to invest for the long term.

The difference between saving and investing

Savings are the amount you are able to put aside, on a regular basis or occasionally, in a savings account. The money set aside is secure, but earns little. In fact, returns on savings accounts may not be high enough to allow you meet your long-term investment objectives. But in the short term, putting money aside in a savings account is an effective way to establish an emergency fund so you can be prepared to meet the unexpected.

For long-term projects, it might therefore be better to consider investing. Even though each investment has its share of risk, investments will generally yield higher returns than savings.

Not sure where to start?

Before making hasty decisions, follow this 4-step investment approach.

Step 1 – Define your investment goals: Which project do you have in mind? Are there more than one? Are they long-term or short-term projects?

Step 2 – Determine your investor profile: Are you a cautious or risk-tolerant investor? Before choosing your investments, it’s essential you determine your investor profile.

Step 3 – Learn about the various types of investments: Get an overview of the various types of investments available to you.

Step 4 – Select the investments that are right for you: Determine which investments meet the needs of your investment objectives and investor profile.

If you need help

The terminology used in the investment world can sometimes be challenging for new investors. See our Glossary of investment terms to make sure you thoroughly understand the contents of this section.

Money–saving idea

If you’re under the impression that you’re not earning enough to be able to put money aside, take a closer look at your day-to-day spending. Do you stop and get a $1.50 coffee every day? If you were to put this amount aside, you’d save $375 a year! When it comes to saving and investing, even the smallest gesture can make a difference. You could even, for example, consider having a garage sale to rid yourself of everything you no longer use. The possibilities are endless!

Back
Share this post
Read This Next
Read our blog
Choosing a financial planner Read article
Your Canadian Pension: at age 60, 65, or 70? Read article
Market-linked guaranteed investments Read article
Read our blog
Newsletter: Receive the latest news from your Caisse
We are available
Book an appointment onlineBook an appointment online
View demos
Find a branchFind a branch
© Caisse Alliance. All rights reserved 2025.
  • Security
  • Privacy
  • Terms of Use and Legal Notes
  • Copyrights
  • DNCL
Réalisation : Absolu
  • Blog
  • Career
  • Interest Rates
  • FAQ
  • Students
  • Communications
  • Solutions
  • Market Conduct Code
  • Deposit Insurance
  • 888 404-2246
  • Book an appointment
  • Interest Rates
Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Reset Reset
  • HelpHelp