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5.7% for 10 Yrs BMO
December 22, 2022
9:16 am
hayman
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October 30, 2022
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What say now brown cow? Where are all the 10 year GIC bulls at now? EQ offering 4.2% after offering 5% just a few weeks ago. Maybe I wasn’t so stupid after all! I still strongly believe credit will be more important then cash going forward! Banks are flush! Lend against GICs and get paid to wait! Is a no brainer!

December 22, 2022
9:53 am
The Rock
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December 22, 2022
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I put any money I may need in the next year in a HISA at 3%. Money I may need in 1-2 years in a 5% GIC, and the rest goes in an S&P 500 Index ETF. The timing of the ETF is excellent and will get even better in Q1.

This will crush your BMO 5.7% over 10 years by a country mile.

December 22, 2022
3:40 pm
hayman
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@Rock I think your S and P claim as of 7 weeks ago could be wrong as the biggest investment strategy of 2023 is to short the SP. History would surve you right but at some point I will be chasing 15% a year buying single family home repos as I will be able to lend against my GIC, where you will have to cash out of your Index fund to gain cash. I believe all the baby boomers retiring over the next 10 years will be a net drag on the S&P. I think you would be better served trading the Nasdaq next year with Automation making a ton of sense going forward

January 4, 2023
7:49 pm
butterflycharm
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hayman said
We owe 65k in taxes so I rounded to 1.3 million  

How do you owe that? from income in one year or many years of not paying and getting assesed?

What do they provide for payment in terms of payment plan?

Did you have to fight them in court?

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