$ W3 u( z* `2 c5 s* j+ h8 T- fIt is time to buy RRSP. I am planning to buy some this year. 0 s; l7 F" }% M+ f' |
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Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?" \# t% e+ U' M
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* \! r' O5 z2 d: T6 I8 \; h& x2 ^; k huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment ( b4 Q( z: K- E$ ?6 }3 g" _ * i% O/ k4 C! p1 J! ~) j7 ~If you are happy with 2-4%, I suggest standard GIC from any bank. Manulife advantage account is offering 3.75% per year for very short term (10 days etc.)) Z# ~& _: L5 g8 s
$ j7 y& ~7 f; b; y5 M2 b% \* KFor longer term with inestment protection, I would suggest Seg fund where it guarantees up to 100% of your investment on 15years or longer term. The guarantee moves up accordingly to the daily market high for few years and you can sell at anytime with no obligation.# y4 w4 b1 w6 i* U
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Or you can invest into Income funds that generates fixed income (slightly higher than GIC) or equities as accordingly to your risk. High risk, high return.6 g- O; R0 D% M4 n+ y7 f! q