where do we invest 2000 for kids...

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dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 02-09-09 12:47:58

Here's some info right off the website.... http://www.tdcanadatrust.com/GICs/MktGrowth.jsp

Summary -

GIC interest is paid on the day of maturity. If the indices are doing good on that day, you get good rate, if not poor rates. No compounding of interest rate over 3 or 5 years or no averaging of rates, etc.

Deposit non-cashable until maturity date.

Principal is protected.

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Dimple2001

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 02-09-09 18:19:05

Quote:
Originally posted by dimple2001

Has anyone tried the Market Growth GIC (GIC Plus) from TD? They are offering a max of 10% to around 52% return with no negative effect on principal.

Comments? Thanks.

Please elaborate what you mean by

'a max of 10% to around 52% return'

maximum is 10% or 52%?

Or is it minimum 10%?

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Chandresh

Advice is free – lessons I charge for!!

santoshi
Member since: Jan 08

Posts: 191
Location: toronto
Post ID: #PID

Posted on: 02-09-09 19:07:33

Quote:
Originally posted by Blue_Peafowl

Hi Guys,

My wife has saved 2000 $ of kids money... she wants me to invest that into kids for long term..

Please advice us what is the best way to invest ?

we want to put it for long term and not touch it say 15 -20 years..

is there any good and sound investment ?

or we just put it in RESP ?

My kids are 4 months and 2 years ..

PM me and I w'll tellu all the options,u can pick the best one ------

Regards,

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sAnToShI

santoshi
Member since: Jan 08

Posts: 191
Location: toronto
Post ID: #PID

Posted on: 02-09-09 19:09:30

Hi Blue_Peafowl

send me PM ,I w'll tell u all the options ,and u can pick the best one for ur kid........

Regards,

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sAnToShI

Blue_Peafowl
Member since: Dec 08

Posts: 1351
Location: Brampton, Ont, Canada
Post ID: #PID

Posted on: 02-09-09 19:49:29

I am waitting for your response patrick

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 02-09-09 20:52:46

Quote:
Originally posted by chandresh

Quote:
Originally posted by dimple2001

Has anyone tried the Market Growth GIC (GIC Plus) from TD? They are offering a max of 10% to around 52% return with no negative effect on principal.

Comments? Thanks.

Please elaborate what you mean by

'a max of 10% to around 52% return'

maximum is 10% or 52%?

Or is it minimum 10%?

Chandresh,

Please see the TD link I posted one above your post. They have different GIC plus options, each of them pegged to different indices. Each of these offer different maximums - one is at 10%, other one at 24%, another at 52% and so on.

Look under market growth table - http://www.tdcanadatrust.com/GICs/GICTable.jsp

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Dimple2001

Contributors: Blue_Peafowl(5) dimple2001(4) chandresh(3) wall-E(2) rsbagwell(2) santoshi(2) Justin(1) RESP(1)

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where do we invest 2000 for kids...

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