Hi, ( n9 K8 J5 T. W- f' |. s# X4 S; D' W7 ]
It is time to buy RRSP. I am planning to buy some this year. % w# {* y* S7 R7 L# {
' Q1 W; ]7 J @1 h0 u, K* [Do you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?2 M% p' i% L+ V# d( x+ N
Too many choices. depends on your risk tolerance and duration of investment 5 }" p6 M4 q* I* j8 l+ }" n8 |$ T z
If you are happy with 2-4%, I suggest standard GIC from any bank. Manulife advantage account is offering 3.75% per year for very short term (10 days etc.)9 x: X' E. N" V, x
x6 x2 Q) E |# K+ b% m( Q9 EFor longer term with inestment protection, I would suggest Seg fund where it guarantees up to 100% of your investment on 15years or longer term. The guarantee moves up accordingly to the daily market high for few years and you can sell at anytime with no obligation. $ s4 W8 M/ ]& l' p( M' m0 X; L) @- d8 V6 y; x2 o1 s5 B- Q9 b
Or you can invest into Income funds that generates fixed income (slightly higher than GIC) or equities as accordingly to your risk. High risk, high return.' }) P. D s/ l; a& o. p5 E