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Old 12-11-2020, 07:01 AM   #7
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by bizaro86 View Post
Yeah, I think any equities for money you are going to need in a year to buy a house is probably a bad idea.

Probably just pick the highest high interest savings account rates you can get, and use any extra TFSA room you have to shelter the interest from taxes if possible.

There is a decent comparison here: https://www.ratehub.ca/savings-accou.../high-interest
I think this is just hard for people to accept because itís easy to look and see decent gains over time. So it can lull people into feeling like itís so common to make that return, that they should invest this money, make easy money for a year and just have more next year! Next thing you know, itís March 23,2020 and you need the cash that day to close on a deal.
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