CBIL is probably better than CASH. Same yield, but the chance of a bank like Canadian Western Bank failing is higher than the Canadian government defaulting on its bonds.
Quote:
Originally Posted by Calgary
What does CP braintrust think of $VSP.TO
Seems like a safe place to park some money?
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I mean, it's the S&P 500, so it's the same risk profile as that. Historically it grows quite well over time, but you can also be down 30-50% or more at points during crashes. So if you need the money within a shorter timeframe, it might not be ideal.
Also worth noting, VSP is currency hedged, which tends to have a cost. Not a massive one, but it will underperform the index which can add up over time. If you invested $100K in VSP 10 years ago you'd have $304K today. Whereas $100K invested into the S&P 500 would be worth about $340K. You can avoid that cost with an un-hedged version, but then you always run the risk of the Canadian dollar appreciating and reducing your gains.