Quote:
Originally Posted by I-Hate-Hulse
Was doing some prowling on Globefund and found these MM funds that seems to be returning some decent returns:
RBC Canadian Money Market GIF: 4.29%
Manulife ML Elite Money Market: 3.79
These are just the bigger bank funds. About 12 or so at 3.50% or above. Pretty good for the practically zero risk involved. Would I take a 4.29% return for the next 12 months? Definately for the risk involved.
Now to take the $25,000 @ 0% for 15 months I got from a credit card and plow it into one of these (Non TFSA of course)...easy money.
EDIT: the Manulife fund seems to be a no load fund, not sure about RBC, nor can I find their fund to buy on TD WebBroker. I'm thinking it can only be bought through RBC?
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I'd also look at the minimum that you can invest. Some can be very high.