I Need Investment Advice

StealthSteez

StealthSteez

Active member
First of all, I need canadian advice here, it works way different with banks in the US.

Since every bank I'm going to go to is biased as hell, what should I do with about 4 - 5 grand to keep it safe until about march? I just want it secure and with a good interest rate, and I want to be able to take it all out if I absolutely need to (even though I doubt I would)

I thought about like ING or PC banking, but the whole like no branch thing is kind of odd, but my mind is still open to it.

So go for it. Any advice would be great.
 
dude just stick it in a savings account.. doesn't really matter where.. or you could go with some six month CDs (certificate of deposit). either way expect around 3-4% interest
 
3-4% sounds pretty low, I'm getting 7% in an online savings account. Its through my normal bank but you only access the ac online, so you can't like go to an atm or into a bank and withdraw money from it, you have to transfer it into your normal account first
 
t rowe price stock growth fund.

i put 5000$ in one and and they invest it. ive made 752.00$ in less than a year. booyah
 
you said the two choices i would do. ING or PC. both legit and both have decent retrun rates. what is this branching shit?
 
PC longterm interest account sounds perfect for you. thats what im opening in a few days. it allows access at a CIBC if you transfer the funds. Allows you to get it if absolutely necessary, its you best bet. If you find something better let me know!
 
You could open an account with ameritrade online and invest in some ETF's or some mutual funds. You can even just stick your money into a money market fund if you really want to. It might be a little riskier than a savings account where you are basically guaranteed the interest, but with an etf or a mutual fund you have a greater chance of getting a much higher return.
 
You must log in or register to reply here.
Back
Top