Quote:
Originally Posted by Cactus Jack
...I am looking at maximumizing my return on investment in the next 12 months but I do not want something too risky and risk losing my savings.
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This statement above scares me. No investment meets both of these objectives. High returns require higher risk. That's one of the fundamental principles of investing. You don't want higher risk; you don't invest. (GICs and HI accounts are technically not investments; they're savings vehicles - not the same thing.)
High-interest savings accounts and short-term GICs pay a pitiful rate right now, but an advisor who puts someone into a higher-risk vehicle or permits it risks a very disgruntled client, or worse. I lost a client once because I refused to allow something like this, but it was the right thing to do.
Do you want high returns or safety? You can't have both.