• 430 Posts
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Joined 1 year ago
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Cake day: June 27th, 2023

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  • Yeaaa if a true market disaster happens, GICs won’t really save you. That’s where gold may have a leg up, but at that point it’s all chaos anyways.

    It really comes down to what you are saving for. If it’s something more than 5-10 years away, index funds will be the recommended path. Just make sure to include some bonds so you can sleep at night when it goes low.

    If it’s short term savings less than 5 years, GICs ain’t bad! EQ bank has been my go to for that. Just try to get the best rate available for the time that works for you, don’t sweat ±.5%

    Highly recommend using the flowchart pinned to this community! Just follow those steps and you’ll be golden.