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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