Hi, / Q/ g6 Z7 A* ] \+ T) ^
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It is time to buy RRSP. I am planning to buy some this year. + ]! g6 w; j# L% Q$ l1 h2 c
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Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?* V( ^: I( z6 d; T9 ]1 N4 v
5 P& R& q$ ]+ T7 s. wthanks ! {/ ?2 `9 F( {& m( E Q3 X# R$ o( d8 V( i A( V8 G huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment1 \8 H) {6 { k0 ?# f. L- F; |
4 E% {4 W- x' J' l" @! E2 |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.)6 ? }$ ?- E4 D3 m
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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.9 O: H0 v2 V2 Y8 D! O: @
1 D; n( D& H. e( x5 i bOr 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.9 W( w: Z$ V0 Y' e9 I