Many people considering Upvesting for the first time often ask their financial advisor “can I afford this?”…Considering the assets you will require to meet your wealth creation objectives and retirement needs, a better question might be… can you afford not to?
Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The purchase of mutual funds using borrowed money (i.e. leverage) magnifies the gain or loss on the cash invested. Investors considering a leveraged purchase of mutual funds should be aware that a leveraged purchase involves greater risk than a purchase using personal cash resources only. The extent of that risk will vary depending on the circumstances of the investor and the type of mutual fund purchased. If you borrow money to purchase mutual funds, your responsibility to repay the loan and pay interest as required by the loan's terms remains the same even if the value of the mutual funds purchased declines. Before investing, read the prospectus and speak to a financial advisor.
Many people considering an Upvest strategy for the first time often ask their financial advisor “can I afford this?” Learn more