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Opinions Brett Girard, CPA, CA, CFA
Guaranteed Investment CertificateGIC.TOPARTIAL BUYNov 13, 2023
Brett Girard, CPA, CA, CFAUnknown
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It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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(A Top Pick Dec 20/22, Up 4.75%)1-year annual.
Though equities did end up outperforming, he's not unhappy. This was a great anchor in a very tumultuous year. Let clients sleep at night. Chances of a recession were very high, and it was time to be defensive.
An investor could do the same thing today. Still really juicy. It's a bird in the hand.
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We're not going into a bear market, but you want to stay on your asset allocation. When you get yields as high as they are right now (5.5-5.8%), that's something to hang your hat on. You're being paid really well to be safe and take some risk off your portfolio.
Greg NewmanOwned
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Yes. In a balanced portfolio, having some component of GICs does make sense. But you lose liquidity, there's reinvestment risk at lower rates upon maturity, and there's an opportunity cost by not being in the market.
Something with smart flexibility, like a money market fund, lets you get your money out whenever you want. Because we don't know what the world's going to look like in 1 month, 6 months, or a year from now.