RE:RE:RE:FROM JANUARY 27THThere are high interest savings account ETF's. The one I use most is the Purpose High Interest Savings ETF (PSA) it was paying 2%, now it's lower. It pays interest each month.The other one is CI First Asset High Ineterest Savings ETF (CSAV) paying about the same interest.
Your broker, it it's a bank, will also have a high interest account. I'm with BMO and they have BMO High Ineterest Savings Account (HISA) Investorline (AAT770).
Starsearcher80 wrote: Nothing wrong with GIC's. I put my mother in law in GIC's, and a friend who's spouse died all too young. It's a stage of life thing. I told them that I thought the market was overheated (and this was a year ago!), and that I didn't want them even thinking about the market. Take the modest steady gain, and enjoy life as best as possible. Well I can't say that was easy advice over the past year with the rise in the market, but they're pretty happy right now, and certainly are enjoying worry free.
Pointmanner wrote: Starsearcher80 wrote: THIS is the voice of experience from a month and a half ago, on JANUARY 27th. Next time LISTEN clowns! But of course you won't. Not to worry. The market just handed your head to you and then some. It's ALWAYS the case that the market teaches the toughest lessons CLICK HERE TO READ
It's probably too late to listen. Atthe same time, longs will hold long, especially if they bought @ $7. It's the lemmings who are paying the price - and finding out the stock market is a cruel cold-blooded killer. BTW, I went with GICs, thinking about gold, too.