Before using your registered funds to invest in private equity or private lending, Keyspire recommends the following steps:
1. Determine your Investor Profile including which of the 3 Investing Streams you plan to invest in. We covered this in
Week 34.
2. If private lending and/or private equity align with your Investor Profile, determine how much of your available capital will come from registered funds for each Investing Stream.
3. Determine if your registered funds are currently in a self-directed account, which allows direction to real estate investments.
A limited number of financial institutions in Canada and the US provide self-directed accounts. Many major banks and investment providers focus RSP investing on stocks, bonds, mutual funds, and GICs; thus, they do not allow self-direction to real estate investments.
4. Once your registered funds are in a compatible self-directed account, you can take action and begin reviewing available investment opportunities.