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Lifecycle Investing is not for everyone, but understanding the concept can change your entire approach to managing your money.To understand Lifecycle Investing, first you need to understand what is wrong with the traditional method of “bit-by-bit” saving. When it comes to their investments, most people follow a pretty conventional formula called “bit by bit” saving, making an annual contribution to their RRSP or their TFSA and watching their contributions add up over the course of the years.
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