08-28-2007, 08:32 AM
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#1
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Scoring Winger
Join Date: Aug 2004
Location: Houston, TX
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Short term investments
I have some money that I want to put away for the next 8 - 10 months...
Anyone know of any short term investments (GIC, etc.) that pay good interest? I am going to be needing the money for the down payment on my home next spring so I am looking for something stable with no risk...
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08-28-2007, 09:04 AM
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#2
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Franchise Player
Join Date: Jul 2003
Location: Sector 7-G
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Manulife Bank is offering 4% on any balance, with minimal fees. I have our condo accounts set up there and it's been good so far.
With the meltdown in markets lately, these high interest accounts are seen as less risky than money market funds.
Last edited by I-Hate-Hulse; 08-28-2007 at 09:07 AM.
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08-28-2007, 09:29 AM
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#3
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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You really only have a couple of choices for 8-10 month money; GIC's or High Interest Accounts. Basically anything else is built for the longer term or some more risk.
I would do the high interest account though...better interest and totally liquid.
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08-28-2007, 01:21 PM
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#4
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Franchise Player
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the Asset-Backed Commercial Paper market is short term (usually 30,60,90 day notes) however these have recently taken a beating and aren't as secured as a high interest account.
RBC has a high interest account as well with no minimum balance.
__________________
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08-28-2007, 01:33 PM
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#5
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#1 Goaltender
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Arbitrage.
__________________
Quote:
Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
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08-28-2007, 01:42 PM
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#6
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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Put it on Banker in Baccarat at the elbow. Quick and painless and tax free.
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08-28-2007, 01:43 PM
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#7
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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Quote:
Originally Posted by SeeGeeWhy
Arbitrage.
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Someone is doing their CSC test soon. hehe
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08-28-2007, 01:59 PM
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#8
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Franchise Player
Join Date: Jul 2003
Location: Section 218
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HSBC (I think?) was offering a 5%+ savings rate on a promotion this week, i saw it somewhere...
Claeren.
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08-28-2007, 03:31 PM
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#9
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Scoring Winger
Join Date: Apr 2006
Location: Edmonton
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TD Waterhouse offered 4.56% on a 6 month GIC if you are interested in something like that.
However as someone noted it is "locked in" so you can't touch it till that 6 months is up.
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08-28-2007, 03:32 PM
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#10
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Claeren
HSBC (I think?) was offering a 5%+ savings rate on a promotion this week, i saw it somewhere...
Claeren.
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Yeah, this is the highest interest that I know of, but I think that its a limited time offer (not sure).
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08-28-2007, 03:34 PM
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#11
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Franchise Player
Join Date: Jul 2003
Location: Section 218
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Quote:
Originally Posted by Slava
Yeah, this is the highest interest that I know of, but I think that its a limited time offer (not sure).
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Yeah, i think until like Sept 5th or something, and it was 5.75% or something....
Claeren.
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08-28-2007, 04:19 PM
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#12
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Scoring Winger
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ok say you have $10,000. Invest it in a GIC for 6 months and make $500. or you could go out and buy $10,000 worth of Pot (maybe 5lbs) turn around and sell it in 6 months by the ounce. You've doubled your money  .
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08-28-2007, 04:25 PM
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#13
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#1 Goaltender
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Quote:
Originally Posted by Salt Water Cowboy #10
ok say you have $10,000. Invest it in a GIC for 6 months and make $500. or you could go out and buy $10,000 worth of Pot (maybe 5lbs) turn around and sell it in 6 months by the ounce. You've doubled your money . |
Seamless!
__________________
Quote:
Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
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08-28-2007, 04:31 PM
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#14
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#1 Goaltender
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Quote:
Originally Posted by Kobatuzzied
Someone is doing their CSC test soon. hehe
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Nope. I got my learnins on the streets, yo.
__________________
Quote:
Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
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