REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 04-04-2012, 08:52 AM   #1
RS.net, where our google ads make absolutely no sense!
 
i-VTEC's Avatar
 
Join Date: Sep 2011
Location: Vancouver
Posts: 911
Thanked 297 Times in 116 Posts
Manage your Money

say I have extra 5K

is it better to put in GIC TFSA?

OR TFSA with Mutual Fund investment?

Is it the right time for doing Mutual Fund?
Advertisement
i-VTEC is offline   Reply With Quote
Old 04-04-2012, 03:03 PM   #2
My AFC gave me an ABS CEL code of LOL while at WOT!
 
Sky_High's Avatar
 
Join Date: Sep 2011
Location: RevScene.net
Posts: 1,889
Thanked 1,283 Times in 419 Posts
Casino

/thread
Sky_High is offline   Reply With Quote
Old 04-04-2012, 03:51 PM   #3
RS.net, where our google ads make absolutely no sense!
 
i-VTEC's Avatar
 
Join Date: Sep 2011
Location: Vancouver
Posts: 911
Thanked 297 Times in 116 Posts
Quote:
Originally Posted by Sky_High View Post
Casino

/thread
hehe

Richmond Review - Murder/suicide came after man lost $200,000 at casinos

Some people do win in Casino, but very rare. Casino is pretty much just having fun, but not to invest your money with it
i-VTEC is offline   Reply With Quote
Old 04-04-2012, 04:03 PM   #4
14 dolla balla aint got nothing on me!
 
Join Date: Mar 2012
Posts: 602
Thanked 354 Times in 167 Posts
hmm I would go half and half but for 5k, I would just keep it in my savings account
GGnoRE is offline   Reply With Quote
Old 04-04-2012, 04:07 PM   #5
Wunder? Wonder?? Wander???
 
Wild_Penguin's Avatar
 
Join Date: Sep 2006
Location: .
Posts: 227
Thanked 219 Times in 63 Posts
It sounds like you want safe investment. I hate GIC's because your money is locked in. You can look into a TFSA at a high interest savings account. One of my fav. Is Hubert financial (happysavings.ca) there current rate is 2%.
Wild_Penguin is offline   Reply With Quote
This post thanked by:
Old 04-04-2012, 04:36 PM   #6
Revscene.net has a homepage?!
 
Speed2K's Avatar
 
Join Date: Oct 2007
Location: yvr
Posts: 1,245
Thanked 596 Times in 233 Posts
Depends on a number of factors, one being, when you need to use the money.
__________________
www.instagram.com/alex.soo/
Speed2K is offline   Reply With Quote
Old 04-04-2012, 04:37 PM   #7
PJ
My name is PJ and I like dogs.
 
PJ's Avatar
 
Join Date: Aug 2010
Location: Vancity/Toronto
Posts: 3,181
Thanked 1,683 Times in 532 Posts
Quote:
Originally Posted by cougar_boy View Post
It sounds like you want safe investment. I hate GIC's because your money is locked in. You can look into a TFSA at a high interest savings account. One of my fav. Is Hubert financial (happysavings.ca) there current rate is 2%.
This.

Maxing out your TFSA every year should be a no brainer. Then the rest in mutual funds, high interest savings, stocks, whatever. That all corresponds to your risk tolerance.

Everyone will tell you a different story, but it depends on your situation. Money going straight into RRSP's doesn't seem worth it to me, personally. Depending on your bracket, for every ~$9000 you lock away, you only delay around ~$1000 in taxes. How much more could you be making with that $8000? RRSP's should be a last resort.

Unless you are absolutely terrible with saving/managing money, I think there are better investment options than RRSP's.. but that's just how I see it.
__________________
Studies show 100% of people die.. Might as well have some fun.

Hello my name is PJ.


Buy/Sell Feedback 1-0-0
PJ is offline   Reply With Quote
This post thanked by:
Old 04-10-2012, 06:02 AM   #8
Rs has made me the man i am today!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 3,051
Thanked 60 Times in 42 Posts
What's you time horizon
I'd buy BMO and won't touch it for years...
collect dividends and sell covered calls
waddy41 is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 07:03 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net