1 `* S. C8 r/ k/ [2 Z9 c. ?9 NIt is time to buy RRSP. I am planning to buy some this year. 8 q/ ^/ f) Z& T1 i. H- J
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Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?2 B* b: _; D" O7 {2 D! u+ ]
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9 i2 b0 D- y! [1 Z huthome@hotmail.com
Too many choices. depends on your risk tolerance and duration of investment: w' F1 M i6 t# L, v
1 ?9 D c( p" x. C7 dIf 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.) 4 {. I4 H6 k9 ?' Y 4 V; ^+ @1 A4 bFor 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. " \. F0 S& y% o8 x+ ^* y8 Z3 k' D0 U5 [2 B R" V! Y" U4 U
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 u0 g5 _6 ]# R* `+ @$ o- d