GICs vs equities | Page 4 | General financial discussion | Discussion forum

cgouimet said

Data based analysis and decision making! Novel ...

Figures don't lie. But, llars can certainly figure!

Apparently, he is one of those dimwits who like to make their false case by ignoring the dividends that stock investors receive. He was also an incompetent investor, loading up on those junk Labour-Sponsored Investment Funds:

Chuck it All and Buy GICs?
June 23, 2010
…
Dividends
Trahair compares historical GIC returns to historical increases in the S&P TSX Composite Index of Canadian stocks, but the problem is that this index does not include the dividends from the companies making up the index. This error alone casts doubt on the author’s competence to advise people about investing.

Personal Investing Experience
The book contains a detailed account of the author's own experience investing in equities, which was dominated by Labour-Sponsored Investment Funds (LSIFs). LSIFs are known to be very risky. Governments have had to entice investors with tax breaks to generate interest in LSIFs. Investing in low-cost equity index funds is a very different game.

Don't forget your house as an investment. The average house in Toronto is selling for almost $1mm.

Oh, GIC vs equities. If you are under age 45, go with equities.