There’s more to investing in the city than real estate. There are plenty of ways to take advantage of Toronto’s booming economy and vibrant business life to grow your portfolio and keep your money close to home.
Whether you’re interested in investing in local companies or you want to take advantage of the many ways living in the city can make investing easier, these are three ways to get more out of investing in the city.
Investing in the TSX
Investing in equities is the backbone of most retirement savings portfolios. The TSX (Toronto Stock Exchange) and TSX-V (TSX Venture Exchange) are the largest exchanges in Canada and offer some unique opportunities compared to other capital markets.
The TSX is home to over 3,000 companies, and it’s notable for its high concentration of mining companies, oil and gas, clean technology, and renewable energy.
The TSXV lists smaller companies that don’t meet the minimum requirements of the TSX but are often high-growth stocks in innovative sectors.
Buying Gold Bullion in Toronto
For those who are more conservative with their investments or who are looking to add a defensive element to a high-growth investment strategy, Toronto gold bullion is both easy to buy and some of the easiest gold in the world to verify.
As the country’s financial center, Toronto investors have plenty of choices if they’re looking to invest in physical gold bullion. They don’t have to rely on pawnshops or pay high shipping fees to get gold delivered to their home.
The Royal Canadian Mint is also responsible for some of the most secure gold coins in the world. The RCM uses Bullion DNA security to provide an added layer of validation. Each coin can be authenticated because they’re registered with the mint. They can quickly be scanned and matched to the RCM’s database. It makes Canadian Gold Maple Leaf coins one of the safest coins to purchase if you have any concerns about counterfeits or fraud.
Micro-Investing in Tech
While much of the talk about the tech industry centers around the U.S., it turns out Toronto is one of the fastest-growing tech cities in the world. Major technology companies like home-grown success Shopify have moved in, while U.S.-based behemoths like Microsoft, Apple, and Amazon are also setting up in downtown Toronto.
These act as so-called “anchor companies” in the local technology ecosystem. They attract talented people who then leave to become entrepreneurs in their own right.
That creates more companies, more jobs, and for the savvy investor, more opportunities, especially if you’re interested in micro-investing.
Micro-investing is a way for everyday investors to get involved in a growing start-up and to reap the benefits when bold new ideas finally pay off. With the right micro-investing platform, you can find opportunities around the globe or focus your investments on local talent.