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referral code anyone?
June 8, 2019
11:37 am
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AltaRed
BC Interior
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October 27, 2013
OfflineJune 9, 2019
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3oakwest
Ontario, Canada
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OfflineJune 9, 2019
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AltaRed
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OfflineJune 12, 2019
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3oakwest
Ontario, Canada
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OfflineJune 12, 2019
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AltaRed
BC Interior
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October 27, 2013
OfflineFair enough. I get that based on the view of most who frequent this forum. However, beauty is in the eyes of the beholder and it depends on one's strategy......
I buy all* my GICs via discount brokerages, so in my case Equitable Bank (as compared to EQ Bank) compete with the highest 5 year offerings, currently about 2.47%, at my 2 discount brokerages. My 5 year GIC ladder provides me with portfolio stability. IOW, return OF capital versus return ON capital. I don't expect a 'real' after tax return on such capital.
* about 5-7% of my portfolio
P.S. I only bring this up in this specific post to provide an alternative perspective on reasons to have GICs in their portfolio.
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