I am wondering if there is anyone out there to provide ideas for investment. I am looking for ideas where investment is safe amd sound and generate over 7% on average or more. By safe and sound, I do not mean like a fixed deposit accounts but less risk relatively is acceptable.
Thanks
Quote:
Originally posted by bc2on
I am wondering if there is anyone out there to provide ideas for investment. I am looking for ideas where investment is safe amd sound and generate over 7% on average or more. By safe and sound, I do not mean like a fixed deposit accounts but less risk relatively is acceptable.
Thanks
Can we get more specific for those who are just starting like myself. Here are my questions:
1) What bank provide more access for example do I open account wiht TD or is htere a better bank?
2) What are teh exact mutual fund you would recommend.
I am personally leaning toward mutual funds but am not sure which ones exactly. Lets say I need about 10 names which could bepurchased from TD bank or the bank of your choice.
Some high risk-with mor epotential to lower risk and low potential.
Hi, I think you should contact TD team or an investment representative from their office. TD has wonderful retirement, school, and many other programs for starters like us. My hubby and I took a retirement plan from ABN AMRO India made especially for NRI's, it is actually a mix of Mutual funds and insurance. The minimum investment is $12000 a year. I've seen similar plans with TD too. I'll advise speak to them and see what they offer you (according to your needs and investment capacity) may be then on hearing their options you can check from CD's if anyone else has also gone with similar options.
Hope this helps.
Jona
Many thanks
jonav--if you dont mind ---can you please give some details abt this $12000 scheme with ABN AMRO Bank. It appears to be very interesting scheme. Thanks in advance
Quote:No one can guarantee any % of return, other than CDIC insured GICs, Federal or Provincial bonds and similar safe investments.
Originally posted by rsbagwell
Because you want security, why don't you look into seg funds. High MER, but funds can assure you gaurantee for 75 or 100 % of you investments.
Returns of 7% can be achieved with aggresive portfolio.
Mutual fund definately have low MER's.
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