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Investment options


I have about CAD 260K cash sitting in saving accounts. Pls suggest some good options for fixed monthly income. My risk appetite is zero. I was looking at RBC monthly payout solution.. Is it a good investment? Or are there any other options available?



Senior Desi
Member since: Jan 07
Posts: 167
Location: Calgary

Post ID: 181153 29-03-11 10:21:56
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Senior Desi
Member since: Jun 10

Posts: 2153
Location: GTA

If you risk appetite is zero. than my friend, Your choices are very limited.
Even savings account (where the money is right now) has currency risk. It will loose value if Canadian dollar falls.. (there is nominal value & real value..

You are looking at the RBC monthly payout option.. but you still have the underlying investment risk, that does not go away with the monthly payout..

Whatever you decide, I suggest, do not put all eggs in 1 basket..

You can easily diversify a certain % in different allocations & choose the best for each allocation. There are specialized products available for each asset class.. There is no such thing as a best for all products, & you can choose to deal with the best in each asset class, using a Nominee Account.

Post ID: 181155 29-03-11 10:38:43
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Senior Desi
Member since: Apr 07

Posts: 163
Location: NB

Try TD Bank GICs
TD bank recently offered me 2.18% on 2-year GICs. You can split the amount such that all of it stays within CDIC limits (explore this option with TD folks; they have ways of accommodating upto 400k to stay within CDIC limits). In two years, it is more than likely that the rates go up and you get to earn more. Be careful when you take advice from these fellers who might be gung-ho about stocks, mutual funds and forex crap. Before you heed their advice, ask them to show you real proof of success in their own investment activities. often times, you find that ppl talk wise but may not have any real substance.

Mutual funds may be attractive if they are linked to index funds but the problem is the banks, while blowing their toot loud to get your monies into their mutual funds, often do not show you exactly how they performed during last year or before. They are likely to show graphs about market trends but these are not enough to invest. I know some of my friends lost heavy thru mutual funds. Scotia Bank took huge hit during recent years but they still brag about their mutual funds.

SBI gave good rates on my GICs until recently but now I moved to TD because of their 0.18% higher rate (which adds up if you are rolling in 100s of thousands). I also bought about 80k US but you may have to wait before the US pulls ahead, pulling their green back ahead and yielding you the profits!).

Last edited by: GlobalIndian on 29-03-11 10:51:18
Post ID: 181157 29-03-11 10:48:56
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