RE:RE:RE:The other side of the pandemicGIC's are raising eyebrows, but even at 5.5% you are not beating inflation, plus the income is fully taxed at 100% unlike capital gains and stock dividends. And, of course your 1 mil is illiquid. If the market recovers on the heels of declining inflation or a pause by the FED, which is very likely, you will miss the rebound.
As for real estate, this Spring will not bring the hope that many are praying for. Housing will continue to decline, albeit slowly, for the next few years since rates are not going back down anytime soon.
givemeabreak1 wrote: Map
You are correct! I just parked 1 million for 1 year at 5.5%! I used 6 different accounts so most is insured. That said, I am not sure that intererest rates will come back to the record lows we have seen. I suspect the 5-7% mortgage will become a norm. So there will be alot of ugly for years to come in the housing sector. These rates are not high but rather the historical norms...........