We have crashing stock markets and resilient interest rates. Do we also have rising enthusiasm for GICs?
Those who are investing in GICs are committing larger amounts, Mr. Brot said. Just recently, he handled investments of $300,000 for one client and $600,000 for another. GICs have a flaw that has to be addressed in the context of the economic uncertainty ahead and the potential for people to need cash suddenly. While stocks and bonds can be sold on any business day, GICs are locked in. The exception is cashable GICs, where you accept a lower interest rate to get liquidity.
globeinvestor The problem is you can't use them to rebalance. Cash in the bank at 1% interest is better IMO.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut: