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Email this8:31 pm
March 10, 2023
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Hi,
I was doing my own research on best savings accounts and GICs, starting from wikipedia "banking in canada" , then the list of banks and credit unions,
and then somehow found this site.
It's going to be my time saver in the future 🙂
So thank you for existing
I'm also interested in investments like mutual funds and beyond, gradually starting out...
5:30 am
December 20, 2016
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Welcome to the Forum! Hope you find the info you need, and offer your own feedback and insights.
Stephen
5:57 am
March 30, 2017
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Welcome Vic !
9:56 am
January 12, 2019
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vic said
Hi,
. . .
Welcome to the club, Vic ❗
Stick around, participate, and take notes.
You've come to a Great Place ... there's a 'Lot' to be learned here. 
- Dean
" Live Long, Healthy ... And Prosper! "
12:29 pm
August 17, 2010
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thats how i found this site 15 years ago too, its been my bible ever since.
Welcome Vic!
12:44 pm
October 21, 2013
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Welcome, Vic.. I have literally saved at least tens of thousands of dollars extra based on info here, quite possibly more.
1:51 pm
March 10, 2023
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thanks all for welcoming 🙂
Dean said
You've come to a Great Place ... there's a 'Lot' to be learned here.
Dean
I guess that would be in the forums of this site
2:19 pm
January 12, 2019
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.
True that ⬆, Vic.
There's a lot to be learned in the forums here, as we have a fairly good collection knowledgeable people here.
But then of course (like most interweb forums), we do have the odd member who's Full O' Poop. 
Stick around for a while, and you'll soon figure out who's who.
Cheers,
- Dean
" Live Long, Healthy ... And Prosper! "
3:17 am
June 28, 2022
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vic said
Hi,
I was doing my own research on best savings accounts and GICs, starting from wikipedia "banking in canada" , then the list of banks and credit unions,
and then somehow found this site.
It's going to be my time saver in the future 🙂
So thank you for existingI'm also interested in investments like mutual funds and beyond, gradually starting out...
Welcome, Vic! I also began my investing by starting in mutual funds, but if I could do it all over again I definitely would have skipped that step and saved myself money on management expense ratios (i.e., fees) by doing self-directed investing. If you would like to know more, I would be happy to provide more information. A great site for beginner investors is http://www.canadiancouchpotato.com. Having said that, I am 100% out of the stock market as of May 2022, and I would not recommend getting into it for AT LEAST the next few months.
But, I digress. Once again, welcome!
7:21 pm
January 12, 2019
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.
What Nirvana7734 said ⬆ (Post #9), Vic.
I also dabbled in Mutual Funds a Long time ago, before I woke-up and educated myself about Stock Investing & GIC's.
It's a rather long & steep learning curve ('especially' with stocks), but it's Well Worth the time & effort ... and it can pay off in Spades ❗
No offence meant to anyone here, but IMHO Mutual Funds are for Couch Potatoes, with low expectations.
My Two Centavos,
- Dean
" Live Long, Healthy ... And Prosper! "
5:21 am
March 30, 2017
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Dean said
No offence meant to anyone here, but IMHO Mutual Funds are for Couch Potatoes, with low expectations.My Two Centavos,
Dean
Mutual funds make people rich, namely the fund managers and the firm that offers it, the list stops there.
>90% of mutual funds lag market performance in the long run, that tells u something.
I got rid of all my mutual holdings when ETF became a thing, 20years ago or a little longer. The money saved on just the annual MER and fees over the years is just a very very very big number.
One type of mutual fund worth looking at right now are the money market mutual funds, most are yielding mid 4-low 5% yield at the moment. Thats a good alternative to logging into GIC for liquidity / flexibility purpose. Be mindful some discount brokers like RBC charge u a hefty transaction fee on any mutual funds, and potential min. hold period too.
The ultimate couch potato is the one that uses a financial advisor, who in turn put the money into a mutual fund and call it professional investment advice
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