Hi, / F; Z0 t7 P' k( K4 a ' Q( \5 U; E/ ^- O8 |+ CIt is time to buy RRSP. I am planning to buy some this year. ; z# k+ q. s8 ~. {" D4 s
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Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it? ) \5 a- h5 `. s @% }3 P4 a' q2 n! R% O$ y" T% q% m
thanks) V2 x) }2 t4 C
Too many choices. depends on your risk tolerance and duration of investment ( m" T! R& h: x+ A3 p/ U % V( ~& Z* J5 A$ V. W& M* kIf 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.) 3 ~! P7 t( h& ~: z' T+ R0 w/ `5 r R; @$ t
For 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. 5 T8 s1 Z5 {; F( K $ l. J" X& g# j# k5 }$ ]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.7 }6 B+ L/ |8 A+ f& U2 h3 B3 y r* O