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Canada 02 · 08-28-2006, 01:15 AM

Don't take anything I say as a recommendation - just throwing out a few different ideas off the top of my head.

First, an ING savings account pays 3.35%, with no risk. An ING GIC currently pays 4.1%, but your money is locked in for at least a year. I only mention these since they match your current risk profile.

Riskier investments would be stocks or stock mutual funds. Consider dividend paying equities (or funds that focus on these) to lower the risk. As an example, shares in any of the 5 big banks currently pay a dividend of 2.7-3.7% depending on the bank. That would be in addition to the capital gain (or loss).

Many other possibilities. Read the Globe or National Post, or a book like The Wealthy Barber as a starting point. Tons of resources on the net as well.

Also, depending on how much time you want to devote to this, you don't necessarily have to have a financial advisor. Like I said, read, a lot!

08-28-2006, 01:15 AM	#5
Canada 02 Franchise Player Join Date: Feb 2004 Exp:	Don't take anything I say as a recommendation - just throwing out a few different ideas off the top of my head. First, an ING savings account pays 3.35%, with no risk. An ING GIC currently pays 4.1%, but your money is locked in for at least a year. I only mention these since they match your current risk profile. Riskier investments would be stocks or stock mutual funds. Consider dividend paying equities (or funds that focus on these) to lower the risk. As an example, shares in any of the 5 big banks currently pay a dividend of 2.7-3.7% depending on the bank. That would be in addition to the capital gain (or loss). Many other possibilities. Read the Globe or National Post, or a book like The Wealthy Barber as a starting point. Tons of resources on the net as well. Also, depending on how much time you want to devote to this, you don't necessarily have to have a financial advisor. Like I said, read, a lot!