Who offers best GIC or Term Deposit?

[Xtrema]

Originally posted by Feruk

Assuming 2%/year inflation, if your savings account yields under 2%, you automatically have lost money. So it's zero risk, but guaranteed -ve return.

2% is sometimes better than -2%, then you are even further behind.

Originally posted by sputnik


Are you retired?

Your mix looks like one that I would recommend to someone who is in their 70s.

With half of your porfolio in either cash (savings) or GICs (zero-risk) you are shrinking half of your portfolio from inflation.

Real estate is a decent investment if you are renting out a place you own, but not really much for building a portfolio just based on property value growth.

The fact that your high-risk (or even moderate risk) portions of your portfolio are under 10% makes me think that you should find a new financial advisor... unless of course you a retired pensioner in your 70s.

Looks like he wants to have enough saving to cover the real estate (I assume orange = mortgage) in the event of loans getting too expensive.

But yeah, I think that distribution is for someone close to retiring but it not too far from my distribution as I don't like to risk much either.

[Sugarphreak]

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[max_boost]

Why not just pay off house.

[Sugarphreak]

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[max_boost]

That's where I'm heading towards. Isn't that safe? Or no? Lol

[Sugarphreak]

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[TheCheff]

Eligible investments within an rrsp.

http://www.investopedia.com/university/rrsp/rrsp5.asp

Fixed-income investments(bonds, etc) just don't invest in Detroit lol.

http://www.investopedia.com/terms/b/bond.asp

[Sugarphreak]

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[Sugarphreak]

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[dezmarez]

Originally posted by Sugarphreak
Timeline for these funds are 25 years or so, maybe even 5 to 10 years longer

Actually I wouldn't mind getting bonds, can you use RSP cash to do that?

Originally posted by Sugarphreak


Well... this is the stupidest fucking thing I've ever done financially

In the time I've been invested with Portfolio IQ they have lost 6.5% of my total savings. I knew I should have tossed it into a high interest savings account. Fuck

Breathe!!
According to you, your time frame is 25 years or longer.
Even with the recent market volatility, you are more than likely to come out ahead over that span.

[Sugarphreak]

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[sabad66]

To be fair, almost any investment since May until now would have lost you money. It's just been a bad few months in the equities markets overall. It actually could've been a lot worse (imagine you dumped it into O&G ETFs which in May seemed like there was a recovery)

[s2k_boi]

25 + Years is a very long time. As mentioned by dezmarez, you will most likely come ahead after that time horizon.

see above chart, you're probably at the fear stage. Then you will panic and sell out at the worst possible time ever. Then buy back when the market is fairly hot... therefore eliminating any potential in the long term. Soooo..... if you're going to do that; you would be better of in GIC's if you don't have the balls to stomach risk. So probably get f out before you blow yourself up multiple times. If you're in for long term gain and want to make money... you should probably stay put as I don't believe there has been any balanced mutual funds with a time horizon of 25 + yrs that has lost money ever.

[dezmarez]

Originally posted by Sugarphreak


Not going to come ahead losing 2% a month, that is for sure

Jesus, I'd be very happy making 3% a year on this amount... never mind losing 6.5% right off the bat.

This is what I get for trying to use products like this, I have to stop getting suckered into these things. When ING lost 4% of in 2 months with their "Street Cred" or whatever the fuck they call it fund, I swore them off. Yet here I am again thinking that financial products will ease the burden of investing long term.

So stupid...

What were you looking to achieve though when you purchased the investment?

If GIC rates aren't paying enough to meet your goal, and ETF's/Mutual Funds are to risky, you may want to look at a PPN (Principal Protected Note). Similar to the Market Growth GIC's but typically with a higher upside.

[24gtis2]

Take a look at MAW104.

http://www.mawer.com/our-funds/fund-...balanced-fund/

less than 1% management fee and returns in the ~6-10% range, minimum buy in of 5K (maybe 2K?) and 6 months min hold.
I'm getting pretty good returns with these guys and they have a proven history going back to 25+ years (google only shows the info from 2007-8, I contacted one of their reps and they gave me the performance since 1988).

Read the Art of Boring blog and you get a good idea of their investment strategy and what to expect.
Be boring, making money!

[JudasJimmy]

Originally posted by max_boost
Why not just pay off house.

This is the best investment you can do. I never did any investments until I was %100 debt free. Then you don't get too excited when your stocks go down.

And just so you don't feel bad, my investments have gone down 15k in the last couple weeks. I'm 5k loss on my principle.

[Sugarphreak]

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