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…
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?…
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…
