Investing gives your money the opportunity to grow in value over time, helping you meet financial goals or get out of a jam. The key is to plan, research and diversify your investments to avoid unnecessary risk.

Investing can seem intimidating, but once you take the first step and make your savings “work for you,” it’s The Investors Centre to see how your effort will pay off in the long run. For many people, the first step in investing is contributing to a retirement account at work. If your employer offers a matching contribution, that’s a great way to increase the impact of your contributions.

The next step is to consider how much risk you’re willing to accept and your investment time frame. For example, if you’re saving for retirement in 30 years or more, you might be willing to take more risks since you have plenty of time to recoup losses if your investment declines in value.

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Then it’s time to decide whether you’re a Do-It-Yourself (DIY) investor or would prefer to have your investments managed by an investment professional. If you choose to go the DIY route, you can look into a range of options, including discount brokerages, online platforms and mutual funds or exchange-traded products. These vehicles typically offer low commissions and make it easy to buy and sell stocks, bonds and other assets.