You may recall that I wrote about a brand new online service for Canadians called Finizi a few months ago. I thought I would post an update today to let you know how they’re doing. In just a few months, they’ve completed over $40 million in GIC auctions. Finizi offers a new, easier way for…
I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put cash into a 5-year GIC when some savings accounts are paying almost as much while offering the same safety and…
Starting today, there’s a new financial resource for Canadians out there. It’s called Finizi. Basically, Finizi is a free online service that allows financial institutions to compete for your business. At this time they are only offering GICs, but there are plans in the works to offer competitive bidding on rates for car loans and…
The conventional view serves to protect us from the painful job of thinking. ~J.K. Galbraith A recent article in the Globe and Mail delivered the following advice to investors: Don’t Let a Fear of Bonds Infect Your Healthy Portfolio. The implications are clear: 1. Concerns about ultra-low interest rates eventually turning higher are overblown. 2….
At high tide the fish eat ants; at low tide the ants eat fish. ~Thai Proverb Stocks, bonds and cash are the three asset classes that most people consider to be the foundation of an investment portfolio, with stocks representing the most risky choice and cash, the least. Where do GICs fit into the mix?…
To decide is to walk facing forward with nary a crick in your neck from looking back at the crossroads. ~ Betsy Cañas Garmon Update: This article was included in the 279th Carnival of Personal Finance – 80s Music Edition posted at Dough Roller. Thanks! I’ve received a couple of questions from readers on how…
This is just a short post to let you know that discount brokerage Questrade is now offering commission-free GIC and bond trades. This issue came up during a discussion in the comments section of my 2010 Financial Plan Update for the third quarter. I’ve updated the comments with some of this information, but I just…
Success is getting what you want; happiness is wanting what you get. ~Author Unknown If you’re new to Balance Junkie, I outlined our annual financial plan for 2010 back in January. I update the plan each quarter so that readers can have an idea of how one family handles their finances. I don’t claim that…
