Hi, - C& u! [* f* V
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It is time to buy RRSP. I am planning to buy some this year. 9 ]2 k' k5 A1 A1 R1 s
/ f# N" }3 K' F+ }$ J% vDo you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it? 8 F. X0 J8 M6 A( t : a9 M9 E0 ~/ z, C) ^* S- U3 Ythanks & N2 C5 V1 w( y. t3 k" N( i' N1 y$ g7 g& {* f huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment- M' G8 i% N$ d M0 s
- I+ k5 a5 Z) p3 q! X* g) Y# DIf 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.)' K) F0 e( f8 D9 F/ f& d
1 Q8 b( |1 I2 d) j3 X5 jFor 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.1 ]3 q/ i0 P. u/ d9 \
: o, N5 F" Y* n$ j) i+ U! yOr 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.# I9 L- {0 o/ \1 J- ~& }! {