August 26, 2022
I've been a lurker for a while and decided to sign up.
I wanted to post and say thank you for this site, and for all that I've learned from the posts from other people, and from watching the trends in rates over time.
I'm currently laddering 1 year GIC's by buying 1 certificate per month, and have been doing since May. I'm thinking of maybe pushing out to the 2 year as well, but I'll cross that bridge when I get to to it.
Thanks again, everyone, for this great resource.
October 21, 2013
February 1, 2016
CH Good to hear from you. Welcome!
I like your plan. Very similar to one I have used successfully in the past and about to embark on another run starting in September. Plan is to buy a 1 and 2-yr GIC each month for 12 months. When the 1-yr GICs mature they will be re-invested in 2-yr GICs. I believe we are in for rising/stable interest rates for some time to come. This plan is well suited to that. Current rates are even better than the same strategy I began in 2016 which was successful. I wish you good success with your plan too. Let us know how it goes.
Of course, if it all blows up and interest rates go back down again the plan can be suspended or abandoned with little adverse affect. It is reassuring to have that control.
December 20, 2016
August 17, 2010