Quote:
Originally Posted by Cactus Jack
So you guys are just saying that unless I really want to be risky I should put in GIC/High Interest E - Savings accounts and the like which pay 1-1.5%?
What if I put 25% of the money in a Tax free savings account, 65% in safer things like short term bonds and maybe use the final 10% on something a little riskier for rewards. I use 10% because it's the absolute most I could stand to lose and feel that perhaps I could make up any potential loss with the rest of my investment.
|
You don't know what a TFSA is, do you? You can put $5,000 into a TFSA and can purchase almost anything you want within the TFSA. Talk to Slava.
Quote:
Originally Posted by Cactus Jack
I'm not looking for a shoter term, low risk, high return investment. I want a short term, low risk investment that does slightly better than a GIC. Instead of 1%, I mean 3%, not 10%. If not, I'll just give up and put it in a GIC, "High interest e savings" account thay pay under 2% and that's it. I'm not looking to get rich here by doing this. I realize the risk involved, which is why I would only put 10% of money at most into those types of investments.
|
Right now, even 2% is hard to get risk-free.