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Guaranteed Investment Certificates (GICs) were wonderful investments back in the day.
However, they now kind-of, sort-of suck for 𝙢𝙤𝙨𝙩 (not all) investors.  They are tied to interest rates, and – as you probably know if you have gotten a mortgage, bought a car, or taken out a home equity loan, rates are soooooo low right now!
I have clients tell me stories about getting GICs with a **guaranteed** rate of 7% return per year!  Nowadays, you’re lucky if you can lock in a 2% rate of return.
Unless you have more money than you could ever possibly need, or are paralyzed with fear regarding the markets, GICs probably are not for you!
Guaranteed means zero volatility, but 𝙢𝙤𝙨𝙩 (again, read 𝙈𝙊𝙎𝙏 – not all) investors are cool with a few little ‘bumps’ along the investment journey.
Curious about some alternatives? Shoot me an email, I’m happy to share my thoughts – dave@lanternwealth.ca
ɢᴜᴀʀᴀɴᴛᴇᴇᴅ ɪɴᴠᴇꜱᴛᴍᴇɴᴛ ᴄᴇʀᴛɪꜰɪᴄᴀᴛᴇꜱ (ɢɪᴄꜱ) ᴀʀᴇ ᴏꜰꜰᴇʀᴇᴅ ᴛʜʀᴏᴜɢʜ ɪɴᴠᴇꜱᴛɪᴀ ꜰɪɴᴀɴᴄɪᴀʟ ꜱᴇʀᴠɪᴄᴇꜱ ɪɴᴄ. ᴀɴᴅ/ᴏʀ ᴍᴜʟᴛɪᴘʟᴇ ᴄᴀʀʀɪᴇʀꜱ.

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