Sentences with phrase «gic is a safe investment»

If after evaluating how much risk you're comfortable taking with your hard - earned cash you decide that you just can not handle the roller - coaster ups and downs of the stock market, a GIC is a safe investment.

Not exact matches

To start, the $ 10,000 that will be needed over the next year should go into an investment that's very safe, such as a GIC or other deposit that has a certainty of maturity value.

So, the catch with a GIC is that although it is a very safe and low - risk investment, one that guarantees a rate of return throughout the term, it is not as liquid as some other investments or a savings account.

Since I wouldn't need the entire amount immediately (just one month's expenses per month), a slight improvement would be to have this money in a safe, liquid investment (perhaps a cashable GIC, money market account or high - yield savings account).

Guaranteed Investment Certificates (GICs) and Term Deposits are a safe way to save money because your initial investment (principal) is Investment Certificates (GICs) and Term Deposits are a safe way to save money because your initial investment (principal) is investment (principal) is protected.

And because GICs are covered by CDIC up to $ 100,000 they're as safe an investment as you are going to make.

If you're the ultraconservative type of sticks to GICs and other safe investments, you may have to save a quarter of your net income to retire a millionaire.

By their very nature stocks are risky, so they should almost always be mixed with safer investments like bonds and GICs.

In 2011, the five big banks in Canada paid out less than 2 % on their RESP's Group providers are fewer and some of these are non-profit foundations — this will explain the higher rate of interest earned (4.7 to 7.4 % in 2011) Students also benefit from additional monies from attrition and enhancement, and group plan fees are up front, yes, but some providers refund some or all of your fees at maturity — you will never see a bank return your fees (or any mutual based investment) Investing in bonds or GIC's is certainly safe, but you won't collect any government grant unless you're in a registered RESP — this can mean 20 - 40 % more money for your child.

This is why short term investments (< 5 — 10 years) should be in very safe investments like bonds / GICs, potentially lower returns (depending on market conditions), but much much safer than stocks.

Fixed income investments are things that are safe, so think bonds, GICs, and treasury bills.

Your TFSA is used as a vehicle to invest in safe investments (GICs, bonds) or more risky ones (equities).