Location: Western Hemisphere
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
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!!
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
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
Location: Brampton, Ont, Canada
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)
Location: Western Hemisphere
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
