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GIC Chit-Chat @ BNN
June 15, 2023
9:12 am
Dean
Valhalla Mountains, British Columbia
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.
Just something I thought I'd share.

Some interesting points are made, both in the vid and article . . .

.
Ciao For Now,

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

June 15, 2023
9:22 am
kesa
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February 14, 2023
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Karl long way from his days trading $/CAD

June 15, 2023
9:28 am
Rail Baron
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No surprises that an investment advisor is cool toward GICs!

One thing that money managers never mention is the net returns on their investments, after management and custodial fees are subtracted. GICs have no such clawbacks, what you see is what you get.

Full disclosure, the majority of my assets are in equities and bonds, but a substantial (and growing) share are going into GICs. I tell my money manager the same thing when we talk every quarter: when his return on investments again becomes greater than my average interest rate on GICs, I'll consider rebalancing my assets in his direction. Since 2021, I've been earning more from GICs than he has with stocks and bonds - much more, since 2022 saw a 10% decline in the value of my assets under management!

June 16, 2023
4:42 am
Tommy Tutalidge
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Rail Baron said
No surprises that an investment advisor is cool toward GICs!

One thing that money managers never mention is the net returns on their investments, after management and custodial fees are subtracted. GICs have no such clawbacks, what you see is what you get.

Full disclosure, the majority of my assets are in equities and bonds, but a substantial (and growing) share are going into GICs. I tell my money manager the same thing when we talk every quarter: when his return on investments again becomes greater than my average interest rate on GICs, I'll consider rebalancing my assets in his direction. Since 2021, I've been earning more from GICs than he has with stocks and bonds - much more, since 2022 saw a 10% decline in the value of my assets under management!  

Today the U.S. stock market is just based on the greater fool theory. There are zero fundamentals for valuations today. That could continue for a long time as the U.S. dollar could collapse but that only benefits Americans in stocks not Canadians. I invest by valuations and look at the upside and downside.

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