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We’ll Give You An Investing Tip Based On How Well You Do In This True Or False Quiz About Stocks

A [mutual fund](https://www.td.com/ca/en/investing/direct-investing/articles/how-to-invest-your-money/) is a single investment vehicle that invests in a bundle of other investments. But hey, maybe you can get your best friend onboard the investing train too!

A mutual fund has nothing to do with your pals.

A mutual fund is when you and your BFF buy stock in the same company.

You certainly can, and a lot of people certainly do. But you can [invest for any number of savings goals](https://www.td.com/ca/en/personal-banking/personal-investing/learn/investing-101-basics/). Buying a house, a car, saving for education, prepping for that big trip to Europe — these are all things you can work toward while investing.

Nope.

You should only invest in the stock market for your retirement.  


According to a 2021 survey conducted by Leger on behalf of TD Direct Investing, 30% of Canadians haven't traded or invested because they don’t think they have enough money to do so. Woah! But you can start investing with just about any amount! Brokerages like TD Direct Investing offer apps like [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/) which require no minimums to get started, making it easy to get off to the races.

False.

[Exchange Traded Funds](https://www.td.com/ca/en/investing/direct-investing/articles/how-to-invest-your-money/) are a grouping of securities that trade on a stock exchange like a stock does. They allow you to diversify across the market without buying individual stocks.

Absolutely.

According to a 2021 survey conducted by Leger on behalf of TD Direct Investing, 74% of Canadians surveyed believe they need experience before they start investing — which is why they created [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/) to get you started! An added bonus? With TD Easy Trade™, you can get 50 free stock trades a year too.

That sounds about right!

74% of Canadians don't think they have enough experience to start trading or investing.

A TFSA stands for Tax-Free Savings Account. With a TFSA, you can [save or invest](https://www.td.com/ca/en/personal-banking/personal-investing/learn/saving-vs-investing/) and your earnings are tax-free. Learn more about the benefits of a [TFSA here](https://www.td.com/ca/en/personal-banking/personal-investing/learn/what-is-tax-free-savings-account/).

Fiction.

'TFSA' stands for Taxed Fungible Savings Assistance

There are different ways to be an investor. And while actively investing may take some more research, different platforms like [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/) make it easy to invest on the go and on your own time.

Very false.

You need to invest a lot of time to be a successful investor.

The stock market isn't completely electronic in Canada. While there’s no shouting on the trading floor of the New York Stock Exchange for us, we still have things like over-the-counter (OTC) and certified transactions which can take place IRL. Plus, we also have multiple stock markets in Canada, [like the TSX](https://www.tsx.com/).

Beep Boop.

Canada’s stock market is completely electronic.

When you buy stocks or equities, you do in fact [own shares of that company.](https://www.td.com/ca/en/investing/direct-investing/investment-types/stocks/) Congrats!

This sounds amazing.

If you own stock in a company, you actually own some of the company.

You don't need a degree to invest! But you don't have to go at it alone either. With [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/) you can watch built-in educational videos like “How To Place A Trade,” tune into live master classes, and get access to webinars. A+ for that!

Wrong.

The only way to be good at investing is to have a degree in economics.

Hey, no one starts out as an expert! And while it may seem overwhelming, learning about investing doesn’t have to feel like information overload. Learn as you build your portfolio with [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/). You can watch helpful how-to videos like “How To Place A Trade,” tune into live master classes, and access webinars that are just a tap away. You got this.

Always keep learning.

Building an investment plan that aligns with your goals is always a good tip, but figuring out your goals is an even better one! Are you already prepping for your retirement? Looking to buy a home or car? Or maybe you’re just saving for a once-in-a-lifetime travel adventure? [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/) is designed to create goals-based investment planning, which will allow you to set financial goals and create a personalized portfolio. Get dreaming!

Invest in what matters to you by setting goals.

The goal? Invest money to make money. So make the most (literally!) of your experience by finding easy and affordable ways to invest. With [TD Easy Trade™](https://www.td.com/ca/en/investing/direct-investing/services/easytrade/), you can get 50 free stock trades a year, free trades on all 38 TD ETFs, and US dollar accounts that will help avoid currency conversion costs. Your wallet is already thanking you.

Find affordable ways to invest.

December 2021 online survey conducted by Leger on behalf of TD Direct Investing which polled 1503 Canadians aged 18+

All images by Getty Images unless otherwise stated.

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We’ll Give You An Investing Tip Based On How Well You Do In This True Or False Quiz About Stocks

You don't need to be an expert to start investing. TD Easy Trade™ makes it simple. Build your portfolio and keep tabs on your investments, all while building your investing knowledge on the go. Get started here.

View this video on YouTube

We’ll Give You An Investing Tip Based On How Well You Do In This True Or False Quiz About Stocks

You don't need to be an expert to start investing. TD Easy Trade™ makes it simple. Build your portfolio and keep tabs on your investments, all while building your investing knowledge on the go. Get started here.

View this video on YouTube

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