GICs come in all shapes and sizes: Long- and short-term, cashable and non-redeemable, and even equity-linked GICs.
Read articleAndrew Hepburn
More competition in any industry tends to help consumers. And in the case of GICs, it may mean slightly higher interest rates in the months ahead.
Read articleThere’s a lot of talk in the business press about the possibility that the Federal Reserve (the American central bank) will raise rates in the coming months. If it does raise rates, how will this affect … Read More
Read articleBonds or fixed-income investments have some good attributes. They’re often safer than stocks—which can be very volatile—and they provide a steady stream of interest payments.
Read articleThere’s a definite upside to having a high-interest savings account. Compared to a regular savings account, the interest you earn is simply much greater. In fact, while regular savings accounts typically pay anywhere between 0.05% and … Read More
Read articleMost people have heard the phrase “Don’t put all your eggs in one basket.” When it comes to investing, the meaning is clear: Don’t concentrate your portfolio in a few stocks, sectors, or countries.
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