Ep. 107: Practice Informed Investing To Protect Yourself

Guest: Pamela McDonald, BC Securities Commission

There are safeguards to protect investors and the British Columbia Securities Commission is charged with that responsibility.

Pamela McDonald, Director of Communications and Education for the Commission, says, “We take that responsibility very seriously and we do it in a number of ways. We license and oversee the people who deal in investments, we make and enforce the rules of conduct and we educate investors to empower them with the tools that allow them to make informed decisions.”

Knowing yourself and your investment style is vitally important and it informs your relationship with your investment advisor. McDonald says there are five distinct investment personalities. “They are: confident, diligent, reserved, impulsive, and tumultuous. Your personality matters.”