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It is time to buy RRSP. I am planning to buy some this year. % I) d& S4 W" [$ s* k( ` . X" V1 X6 J1 L: w1 NDo you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it? # E" {( w$ G. z, [4 t" ?; J1 G $ q2 Z1 b9 J! D% N8 v5 Lthanks# @' R# M4 t! w9 K% k1 p9 \7 {- A
( m1 [& S, c# u% r huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment 8 b% X( _, f; ]% H I 3 _8 y2 U9 t! a+ h2 WIf 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.)/ ~! E5 O* Y) ^! W+ _2 ?- [
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For 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. - N5 \$ n; e: w r2 K8 U" \# M , U, S" v: Z% l3 a3 R1 A# dOr 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.% W* Y* @1 V, ?' C