The Value of Setting Great Investment Habits

Setting great habits into your daily are always a great start to your day. You know, drink more water, exercise more, meditate. Good habits bring piece of mind that keeps us grounded. The same applies to your financial well being.


Investing is not about “getting rich” or “playing the market”. Its about meeting the needs of those who depend on you as well as being able to set and achieve goals that go beyond paying your bills and managing debts. Get a plan and stick to it. Be a saver not a spender. The best advice I could have given my boys was to pay yourself first with automatic monthly investing. Investing shouldn’t happen just once. When you make it a habit, you may be able to grow your wealth more quickly and smooth out market fluctuations.


Monthly contributions help prepare you for the future. The strategy is simple, set aside a fixed amount of your income every month that goes directly towards your investments.


There are two potential benefits:


1. Your investments could grow though compounding. When you invest every month, you’re constantly putting more money away to work for you while giving your deposit more time to grow.


2. You can benefit from dollar cost averaging. We can’t predict the timing of markets price fluctuations. However, when you invest monthly, you pay a little more when markets are up and a little less when they’re down. Using this approach, the average price you’ll pay is typically in the middle, helping you level out the cost of your investments.


Boosting your monthly contributions helps you prepare for future cost of living increases. Here are three potential ways to invest $1,200 per year for five years, assuming a 6% annual return. In this example, investing monthly and increasing your contribution by 3% each year to make up for the rising cost of living can provide a better outcome over time. *


$1200.00 1 per year, ANNUAL = $6765.00

$100.00 2 per month, MONTHLY = $6977.00

$100.00 3 per month, MONTHLY INDEXED = $7382.00


*Additional return is calculated after accounting for personal contributions made at the end of each period. Based on total contribution amounts of: 1 $6,000 over five years at $1,200 per year; 2 $6,000 over 60 monthly contributions of $100 per month; and 3 $6,370.96 over 60 months at $100 per month indexed at 3% annually. For illustrative purposes only. $7,382 $100 per month indexed at 3% annually $100 per month $6,977 2 $1,200 per year $6,765 1 Annual Monthly



As I mentioned earlier, I am super happy to be working with McLeod Mooney Financial Planning. They are an experienced and locally owned financial services firm specialized in managing Group RRSPs, Pension Plans as well as full-service Family Financial Planning. Serving British Columbia, Alberta and Ontario, we are honored to provide direction and guidance to plan sponsors removing the CAP Guidelines liability from their organization. As well as third party, nonpartisan, certified financial planning, and advice to all our valued clients.

During my career I have loved working with all my clients, I miss you all and I would love to hear from you! I can be reached in multiple always.


- The office 604-428-5192

- Directly on my cell 604-340-4352

- Physically in the office which is at #101 – 11950 80th Ave Delta BC V4C 1Y2

- Or via email tammy@mcleodmooney.com



Disclaimer: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as investment, financial, legal, accounting or tax advice. Please obtain independent professional advice, in the context of your particular circumstances. This article was written, designed and produced by Tammy Dorais for the benefit of Tammy Dorais who is a Investment Funds Advisor at McLeod Mooney Financial Planning a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.

Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. Investia is not liable and/or responsible for any non mutual fund related business and/or services.

Life Insurance related services and products are provided through McLeod Mooney Financial Planning Inc. via IDC Worldsource (MGA).




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