quote:Originally posted by amral:
I always make sure to contribute to my RRSP every year and I buy saving bonds each year. I started my kids from a young age also to start buying bonds. It all adds up, even if you only buy 300.00 a year and you keep reinvesting and topping it up by a few hundred bucks every time they mature you will be amazed at what you have in 40 years time.
amen to dat..
it is funny how unqualified and inexperienced "investment advisors" always tell people and GIC/CD and Government bonds are a waste because they do not return as much as the stock market...what they do not tell them is that whether the investors mamke money or not ..the "advisor/broker makers his commision ..the banks make theri commission etc...
I know an old man who became a multi-millionaire from investing in just GIC's and Govt bonds. At least with these types of investments you will not be out of your money ala many stock investors...it takes many stock investors to lose money for one to make....