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10-20-2016, 06:32 PM
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#1 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
| Canada Savings Bonds
My employer offers a payroll deduction Canada Savings Bond program and the deadline to sign up is November 1. Looking for advice on whether it's worthwhile to invest into this program.
Interest rates don't seem particularly impressive, but maybe I'm missing something.
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10-20-2016, 09:51 PM
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#2 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
Thanked 2,066 Times in 865 Posts
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you aren't missing anything. CSB's are only better than hiding cash under your mattress.
don't do it.
/thread
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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10-20-2016, 09:55 PM
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#3 | | My homepage has been set to RS
Join Date: Oct 2007 Location: Vancouver
Posts: 2,362
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the reason being, its probably less than a percent. there are some savings accounts which pay ~2% right now
bond index funds also have a APY of ~4-5%
__________________ Quote:
[23-07, 02:03] shawn79 i find that at vietnamese place they cut ur hair like they cut grass
[23-07, 02:03] shawn79 do u go to vietnamese places for haircuts
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10-21-2016, 06:04 AM
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#4 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,555
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Do they offer to match a portion of your deduction? Many employees do and often the extra value from their contribution outweighs most of the slight deficiencies of a sub optimal product.
Mark
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I'm old now - boring street cars and sweet race cars. | 
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10-21-2016, 01:10 PM
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#5 | | My homepage has been set to RS
Join Date: Oct 2007 Location: Vancouver
Posts: 2,362
Thanked 743 Times in 363 Posts
| Quote:
Originally Posted by lowside67  Do they offer to match a portion of your deduction? Many employees do and often the extra value from their contribution outweighs most of the slight deficiencies of a sub optimal product.
Mark | Very true. My previous employer would match 10%.
So that is basically as if my investment returned 10% instantly 
I would look at the duration of these savings bonds as well and take that into consideration.
__________________ Quote:
[23-07, 02:03] shawn79 i find that at vietnamese place they cut ur hair like they cut grass
[23-07, 02:03] shawn79 do u go to vietnamese places for haircuts
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10-23-2016, 10:29 AM
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#6 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
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Reading through the literature, I don't see any mention of my employer matching, so I assume that means they don't.
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