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Timon
Member since: Mar 04

Posts: 297
Location: Greater Toronto Area
Post ID: #PID

Posted on: 27-05-05 07:32:23

Hi Members,

Which is the best place to invest RRSP funds? I am looking for a fund/Company which provides a good return as well as one with less expense ratio. I think most of the big bank have huge expense ratio which in turn reduces the return on investments.

Any advice would be greatly appreciated

Timon

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"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"

Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 27-05-05 10:15:47

Quote:
Orginally posted by Timon

Hi Members,

Which is the best place to invest RRSP funds? I am looking for a fund/Company which provides a good return as well as one with less expense ratio. I think most of the big bank have huge expense ratio which in turn reduces the return on investments.

Any advice would be greatly appreciated

Timon

Honestly, there can not be a definite answer to this question.

Returns in any investment (registered or non registered) would depend on a number of factors such as the time horizon, the purpose of investment, the risk profile / tolerance of the investor and type of investment chosen to attain these objectives.

One should discuss all these and other factors with ones 'financial advisor', clarify all the related issues and then should take decision about serious investing as RRSP investments are for retirements and due consideration should be given while investing and one should remain focussed and not guided by casual advice by any one over the net.

my 2 cents.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Wham
Member since: May 05

Posts: 28
Location: Toronto
Post ID: #PID

Posted on: 27-05-05 10:20:16

Please put it in ICICI bank of canada. it offers 2.75% returns which is the best as far as i can see.

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Wham!
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Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 27-05-05 10:23:43

Quote:
Orginally posted by Wham

Please put it in ICICI bank of canada. it offers 2.75% returns which is the best as far as i can see.

Do you think that this return of 2.75% would beat the inflation in the long run and you would have sufficient funds for your retirement?

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Wham
Member since: May 05

Posts: 28
Location: Toronto
Post ID: #PID

Posted on: 27-05-05 10:32:15

This is the best option available (with RRSP Funds) with the stock markets going down due to a slowing economy.

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Wham!
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me2canada
Member since: Jun 04

Posts: 178
Location: Toronto, Canada
Post ID: #PID

Posted on: 27-05-05 10:50:45

Question: Is investment in ICICI Bank protected by the Canadian Insurance Agency the one that each deposit of upto C$100,000 is assured?

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Pray as if everything depended on GOD
Then work, as if everything depends on you!!!

Wham
Member since: May 05

Posts: 28
Location: Toronto
Post ID: #PID

Posted on: 27-05-05 10:52:56

ICICI is a member of CIDC. i think that the limit is $50K. I just opened a savings account yesterday and i looked at their RRSP section. I am soon going to transfer my RRSP from ING bank to ICICI since the % is attractive

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Wham!
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Contributors: Wham(4) me2canada(2) Pramod Chopra(2) Timon(1) reachash(1)

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The best RRSP

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