Term Deposits

Mutual funds are really easy to purchase, either on your own or through an advisor at Journey Wealth, and are an easy way to diversify an investment portfolio. Additionally, a well-balanced portfolio of stocks and bonds has historically outperformed term deposits as an investment strategy. 

As mentioned above, mutual funds offer built-in diversification. They also offer professional asset management, they're easy to buy and sell and come in a wide range of options, from lower-risk investments to high growth potential. 

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Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio. A diversified portfolio contains a mix of distinct asset types and investment vehicles in an attempt at limiting exposure to any single asset or risk. The rationale behind this technique is that a portfolio constructed of different kinds of assets will, on average, yield higher long-term returns and lower the risk of any individual holding or security.

Each type of asset (stocks, bonds, etc.) performs differently at various points in time. A portfolio with a mix of various assets can balance out the risk associated with each type and provide steadier results over the long term. 

Speak with a financial planning expert from Journey Wealth to learn more.