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Q: We want to start investing our money. Can you give us any tips?

Diana says...
Bar none, the automatic PAC (pre-authorized contribution) is the best route to successful investing. Pack away just 5%, ideally 10%, off the top of your paycheque to reap the magic compound interest. I keep a handy investment calculator on my desk to remind me about the power of steady investing: Based on a 9% interest rate, a monthly con­tribution of just $50 translates into $3,737 in 5 years, $9,486 in 10 years and a whopping $52,884 in 25 years.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.