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Originally posted by bc2on
Also checked on GIC yesterday the going rate was under 3% for 3 years which is way lower than my mortgage.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

with 4.25%, it is still better to pay it toward mortgage since it is no tax benefit and I save about 5% interest. This means I pretty much gain 5% with no tax when I sell.

So far so bad. I invested some and am still putting in the rest a little bit at a time in the market buying mutual funds. I am stocking up on small caps, Latin american funds, emerging market, precious metals and some oil. So far I am in the negative but am hoping in the long run I will make some good return. I will keep you all posted

Quote:

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Originally posted by bc2on
So far so bad. I invested some and am still putting in the rest a little bit at a time in the market buying mutual funds. I am stocking up on small caps, Latin american funds, emerging market, precious metals and some oil. So far I am in the negative but am hoping in the long run I will make some good return. I will keep you all posted

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

You are right I jumped into more aggressive and higher risk areas just because teh market went down. I am not sure about the bottom but it maybe a good time to buy. I bought some global equity funds as well. Oh, I am not paying any fees for purchasing these funds. There is expense ratio but the funds have no front end or back end load so it is fine to buy various funds just to diversify. I will keep you posted

This is a good post and lot of interesting suggestions.

I liked the idea of splitting 60/40 to minimise risk

Investin in 2nd mortgages is also a very good idea but you sure need some good contacts

By the way, if this investment is not in registered account, keep some money available as come January, one can invest in Tax Free Savings Accounts a max of $5000 per person. So for most families it is $10000 per year. This is my opinion is one of the best thing to happen. No matter how much retunrs you generate and in whatever way (interest/dividend/capital gains), it's all tax free. Invest for long term in equity mkts and get fantastic capital gains without having to pay tac on that

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