Because you can't sell them before maturity (unless you're using cashable GICs), they're not helpful if you want to rebalance
your portfolio after a downturn in the equity markets.
Not exact matches
It's important to protect your retirement
portfolio against the possibility of a market
downturn in the years immediately before and
after your retirement.
An even larger gain is required to restore account values
after a
downturn when people are also making withdrawals from their investment
portfolios.
Portfolio managers would have like to have a similar option in constructing
portfolios: if,
after the fact, you pick stocks that went up, it would be trivially easy to «circumvent» market
downturns.