Hi, : S/ x, i2 E) `4 h' [+ ^6 k; D' l" }
It is time to buy RRSP. I am planning to buy some this year. 8 [; K0 F1 v/ c( V2 V% E! ]
# f0 l3 z& J: x4 f: L k) @Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it? V0 W5 c; k# I( `) \ ! ^" n7 ~' u8 Lthanks u; \" X4 {' |( d6 @
4 k6 ^: q& H- ?/ W& ^8 T" `6 G huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment9 ]( [+ e* C6 @' F9 f) C, j0 m
" s7 ?5 ^) J# E1 aIf you are happy with 2-4%, I suggest standard GIC from any bank. Manulife advantage account is offering 3.75% per year for very short term (10 days etc.)& f6 H4 n0 o5 b' K
$ b: s; k' ]) HFor longer term with inestment protection, I would suggest Seg fund where it guarantees up to 100% of your investment on 15years or longer term. The guarantee moves up accordingly to the daily market high for few years and you can sell at anytime with no obligation. 0 l" F' W4 [9 _4 L8 v7 I: R: f/ P- d; @9 C. D$ [: i
Or you can invest into Income funds that generates fixed income (slightly higher than GIC) or equities as accordingly to your risk. High risk, high return.+ m; H; w; C: N v% G