I’m probably preaching against the choir here, but I’ve become quite disillusioned with the stock market. It seems to no longer have any correlation to reality (assuming it ever did). Other than real estate, what are other good avenues to explore?
I’m probably preaching against the choir here, but I’ve become quite disillusioned with the stock market. It seems to no longer have any correlation to reality (assuming it ever did). Other than real estate, what are other good avenues to explore?
The stock markets goes up and it goes down, it just do that sometimes.
In a high interest environment such as now, Guaranteed Investment Certificates are a solid choice. Over the long term it is typical to expect a 4% growth rate in investments. Right now even the big banks are offering 100 to 500ish day GICs for around 4% interest, and some other banks are offering north of 5%. It’s worth looking into.
GICs are probably the safest way to go right now. 5% beats inflation, at least now (and it helps if the GIC is in a tax-free savings account). The bank where I’m at offers these high rates for 1-year (5.25%) and even long term (5% for 5 years and 4.25% for up to 10 years) but I’m not brave enough to lock money for that long.