You're not going to get rich quickly in the utilities business, although you will get
fairly safe returns.
Not exact matches
It may be
fairly large by that time (although I would argue it makes little sense to contribute more than $ 36,000, at which point the government grant is maxed out), but by that time virtually all of it should be in cash, GICs, or other
safe, low -
return instruments.
After reading your article and comments above, it seems like a muni bond is a
fairly safe fund and the
return is decent.
It is
fairly easy to get a pretty high
return on that type of money but to be
safe let us assume an interest rate of 5 %.
So even assuming a
fairly healthy
return on today's market (find me a «
safe» investment paying 4 %!)