• 318 Posts
  • 86 Comments
Joined 1 year ago
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Cake day: June 27th, 2023

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  • Encapsulated in that “etc.” in my first response is “going out of business”. This type of response would be way too difficult to get actual numbers for, but it has worked countless times. Just look at all the businesses that are no longer in business at all, they went out of business because they were no longer earning enough to stay viable.

    It doesn’t matter if the company connects the loss to a specific action (although it would be nice) since the end result is the same, after enough time.

    Lastly, I just don’t like the idea of my dollars being used by a company to further an agenda that I don’t want to support.






  • Yeaaa if a true market disaster happens, GICs won’t really save you. That’s where gold may have a leg up, but at that point it’s all chaos anyways.

    It really comes down to what you are saving for. If it’s something more than 5-10 years away, index funds will be the recommended path. Just make sure to include some bonds so you can sleep at night when it goes low.

    If it’s short term savings less than 5 years, GICs ain’t bad! EQ bank has been my go to for that. Just try to get the best rate available for the time that works for you, don’t sweat ±.5%

    Highly recommend using the flowchart pinned to this community! Just follow those steps and you’ll be golden.