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[Singel]

I got a bunch of money maturing from investments I made at TD a few years ago, and am wondering where I should put it back in. TD's rates don't seem that great since I looked at ATB's comproble investments.

I'm mostly intersested in GIC's cuz I want it guaranteed while I'm so young, but if anyone has other good options they know i've i'd be interested too.

Also does anybody know if ATB GIC's are coumpounded interest, or just pay yearly interest (into your account). Also, probly a noobish bank question, but am I able to invest in an ATB GIC if I don't have a savings account their?


5-Year Stepper GIC TD
1st Year 2.10%
2nd Year 2.60%
3rd Year 2.80%
4th Year 3.20%
5th Year 5.70%

$1174 Compound interest
The bad part is minimum investment is $5000, and I can't lock that much up

Triple Value TD
Year 1 2.10%
Year 2 2.70%
Year 3 3.50%

$1085 Compound


ATB:

5yr Century 4.1% (I think it's unretrievable within 5 yrs unlike the others, which are redeemable each year on the anniversary)

$1205 No Compund, $1222 Compound


Springboard

3yr
Year 1:
2.50%
Year 2:
3.00%
Year 3:
4.25%

$1097/$1100

5yr

Year 1:
2.50%
Year 2:
3.00%
Year 3:
3.50%
Year 4:
4.50%
Year 5:
6.50%


$1200/$1216


This last one is what I'm considering right now, because minimum investment is only $1000, and the rates are still higher, even without compund interest than TD.


Any input/suggestions is greatly appreciated

[flipfinesse]

what about RBC or CIBC and such, what do they have to offer???,.. I also have investments maturing from TD, I'd like to know better options for my money,......

[flipfinesse]

What do you think of these rates from Bank of Motreal???


BMO RRSP Premium Rate Savings Account

Under $5,000 2.000%
$5,000 and over 2.000%


BMO Guaranteed Investment Certificate (GIC)
(minimum investment $1,000)

Annual Compound / Annual Pay
Interest Payment Options

6 - 8 months 1.000%
9 - 12 months 1.000%
12 - under 16 months 1.350%
16 - under 18 months 1.350%
18 - under 19 months 1.650%
19 - under 24 months 1.350%
24 - under 30 months 2.000%
30 - under 36 months 2.000%
36 - under 42 months 2.350%
42 - under 48 months 2.350%
48 - under 51 months 2.650%
51 - under 60 months 2.650%
60 - under 72 months 3.000%
72 - under 84 months 3.000%
84 months exactly 3.400%

Annual Pay Interest Payment Option is NOT available with terms less than 12
months.

BMO Cashable RateRiser® GIC
(minimum investment $1,000)

Years of Investment 3 Year
1 2.050%
2 2.250%
3 2.850%


BMO RateRiser® Plus GIC
(minimum investment $1,000)

Years of Investment 2 Year 3 Year 5 Year
1 2.100% 2.100% 2.100%
2 2.650% 2.400% 2.500%
3 3.500% 2.750%
4 3.000%
5 5.750%


BMO RateRiser® Max GIC
(minimum investment $1,000)

Years of Investment 3 Year 5 Year
1 2.000% 2.000%
2 2.500% 2.350%
3 4.750% 3.000%
4 4.000%
5 7.500%


BMO RateOptimizer® GIC
(minimum investment $2,500)

Annual Compound and Annual Pay
Interest Payment Options

1 year 1.850%

2 years 2.500%

3 years 2.850%

4 years 3.150%

5 years 3.500%



BMO Term Deposit Receipt
(minimum investment $1,000)

Annual Compound
Interest Payment Options

12 - under 15 months 1.100%
15 - under 18 months 1.100%
18 - under 24 months 1.100%
24 - under 30 months 1.750%
30 - under 36 months 1.750%
36 - under 39 months 2.100%
39 - under 48 months 2.100%
48 - under 51 months 2.400%
51 - under 60 months 2.400%
60 months exactly 2.750%
Redemptions permitted anytime with interest paid after 30 days at
predetermined rates.

[1badPT]

GIC's are usually for when you are old instead of young. When you're young you have time to make up any short term losses so you'd be better off going into a more agressive investment vehicle like equities or equity based mutual funds. If you're really worried about your initial investment being safe, you can go with a seg fund which is like a mutual fund issued by an insurance company - they usually guarantee the initial investment (or a portion of it).

With equities you can expect returns closer or above 10% rather than a measly 2-4 %

Only other investment vehicle that I would suggest is buy a house - the growth is not taxable and growth in your investment is highly likely.

[Ed the SOHC]

if inflation is averaging 3.5%... aren't u losing money? you're young. you got a big time frame ahead of you. you can be more aggressive imo.

[joseph]

^^^:werd:

[Singel]

Ya, I think maybe I'll throw half my money into something safer, and get aggressive with the other half. What's the best bet, just go into my bank and see an investment guy?

[1badPT]

There are no shortage of investment professionals you could refer to. I don't know how young you are but if you're living with your parents, ask them who handles their financial affairs. Personally, I think your best bet is to deal through a financial advisor because they can deal with all things financial, as opposed to just investments. Also most financial advisors will have access to both mutual funds and seg funds where a bank's investment specialist will usually only offer mutual funds.

I work in the insurance industry and I can refer you to some really good financial advisors if you don't have anywhere else to go - pm me and I can give you the details.

[TrevorK]

Check out pooled mortgage investments - reasonably secure, 9-12% interest.

[kanjus_paki]

is that where a few ppl get together and give someone a mortgage cuz the bank wont?

and charge huge interest?

[TrevorK]

Originally posted by kanjus_paki
is that where a few ppl get together and give someone a mortgage cuz the bank wont?

and charge huge interest?

When you are building property, such as high rise apartments, where you have little collateral to put up the bank won't always finance you because of the risk involved.

That's where independant companies come in - who finance the mortgage at a somewhat reasonable (12-13%) rate. They also provide 2nd mortgages as well.

If you need anymore details let me know, as I do invest in this.