Investment Club..

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Network: Investment Club

regar
Member since: Aug 06

Posts: 135
Location:
Post ID: #PID

Posted on: 07-01-07 01:50:51

Pramod is right you need to take into consideration your goals,risk tolerance,expectations from your retirement investments so on....so just sit down with a financial planner and have a detailed heart to heart talk and he will provide you with the solutions and then if you need any second opinion we are all here to help out or to clear any doubts..if any
Happy investing

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 07-01-07 19:06:56

Quote:
Originally posted by jayaram

Anybody getting 10-12% on their RRSP. I can get them. It secured on mortgages. Please let me know if anyone want 10-12% on their RRSP.

Thanks
Jay

Guaranteed year after year as long as I have money in the RRSP? Or does it go up and down depending on the market climate?

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 07-01-07 19:16:15

Quote:
Originally posted by nancool

Does any one know what is good for investment in Canada for RRSP

To answer your question to the point. The are several good investments in Canada for RRSP. Here are a few.

1. Guaranteed Investment Certificates ( GIC)
2. Savings a/c
3. Canada Savings Bonds
4. Mutual Funds
5. Segregated Funds
6. Stock Market Shares.
7. Principal Protected Notes (PPN)

What is good for you depends on your risk profile as explained by Pramod and regar

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 07-01-07 19:20:53

Quote:
Originally posted by pramesh

Has anyone got more information about different 10-12% avenues?

American and Canadian equity mutual funds in the long run based on info from 1950 have returned approx 10%.

Not guaranteed going forward though, but monitorable everyday.

regar
Member since: Aug 06

Posts: 135
Location:
Post ID: #PID

Posted on: 07-01-07 23:52:12

Only thing i can add is that in savings account you hardly get anything ..if you are looking for returns (3-4%)look at Non redeemable/Redeemable GIC.With secure principal a chance to get higher returns is with prime linked Gic or canadian/Global Market linked GIC.Mutual funds investing needs more investment knowledge and risk taking ..so you can start with GIC and then move to other options of investment (as listed out by investpro) within RRSP .

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 08-01-07 17:25:21

Hi Regar,

Savings accounts at certain banks are currently giving 4% (President's choice- I have money there) and I believe so is ING- maybe higher there as well 4.5%

Links

http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount

http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page

Also I am unsure if you on another thread stated that TD was giving a equity linked GIC that could possibly give upto 60%.

I went to TD and they said that at the end of the period I could end up with zero growth as well but the maximum at the end of 5 years was 60% or an a simple growth graph 10% per annum.

Is that correct? The banking officer didn't seem to know his elbow from his knee.

I still have to go to RBC to check their story out.

regar
Member since: Aug 06

Posts: 135
Location:
Post ID: #PID

Posted on: 08-01-07 19:36:50

Hi,
Well majoriy of the banks are not giving that sort of interest or rather interest is negligible i am sure you will agre to that.
I have never said 60% returns in any thread .
I am a firm beliver that if the returns are high risk is higher ..and thats what i try to put across.

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