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Old 12-04-2020, 07:48 PM   #5
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

As I said, I can’t really give specific advice in this thread, but I sent you a PM. In general:

- investing in equities for money you need in a year is asking for trouble. Like I tell my clients; if you invested $50k today and need that in a year, I don’t want to have to tell you it’s only worth $40k! Sure...we all hope and think it will be worth more, but it’s not always.

- there are cheaper options than a mutual fund, if you were intent on going that route.

- you can use liquid “high interest” ETFs or funds in the TFSA. This could negate the need to hold a bunch of cash in the checking account that basically pays zero.

Those are just general thoughts of course and might apply differently to your situation.
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