Investing is like dieting. No one really wants to get on that scale and see the actual numbers. Most people find that financial statements from financial advisors are confusing. If you are like I was, you will open your monthly statement and if the number is up, you are happy. If the number is down, you are disappointed.
This process doesn’t really tell you if you are doing well or not. How much have you invested in total? How much have you made in total? How does your portfolio performance compare to the TSX or other investment alternatives? Will you be able to reach your investment and retirement goals?
It is possible to take charge of your financial future and track your portfolio performance with some new software that has recently become available to the public: CRM2plus. Developed by Financial Advisors, CRM2plus track your investments, withdrawals, and performance. At the press of a button, you can compare the amount that you invested to the market value of your investments. Press another button and compare your performance with the TSX and other indices, to understand how well you are actually doing.
Using the estimator, you can extrapolate your numbers to retirement. Envisage where you will be at retirement, what your monthly income at that time will be, and what your assets may be.
Educate yourself and put financial freedom into your own hands with CRM2Plus.
CRM2Plus blog 