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In the old days a man who saved money was a miser; nowadays he’s a wonder. ~ Author Unknown Update: This article is featured in the Carnival of Personal Finance #261 posted at Pop Economics. Thank you Pop! Apparently the May stock market swoon spooked Canadian investors as they withdrew more than $1 billion from mutual funds in May. Investors seeking the safety of cash might normally move [...] Continue reading Are Money Market Funds a Good Place to Park Your Cash? If you don’t like something, change it; if you can’t change it, change the way you think about it. ~ Mary Engelbreit Update: This post is featured in the Money Hackers Carnival #111 posted at Deliver Away Debt. Thank you! I recently wrote about How to Ladder GICs. That post lead to number of general questions about GICs, so I thought I would provide some information for you [...] Continue reading GIC Primer: Frequently Asked Questions You’ve got a lot of choices. If getting out of bed in the morning is a chore and you’re not smiling on a regular basis, try another choice. ~Steven D. Woodhull Update: This article is featured in the Money Hackers Carnival #110 at Planting Dollars. Thanks! I recently wrote about how CDIC protection makes GICs one of the safest investments. Whether you decide to devote a substantial chunk [...] Continue reading How to Ladder GICs Know safety, no injury. No safety, know injury. ~ Author Unknown This is another question that’s come up quite a bit lately and it’s pretty easy to answer. The safest place for your money is in a government guaranteed account. If you are Canadian, this means an insured account at a CDIC member institution. OK, so it’s not quite that simple. There’s quite a bit that you should [...] Continue reading What Is the Safest Investment? |
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