View Single Post
  #2  
Old 12-11-2009, 05:20 AM
Rickson9 Rickson9 is offline
Member
 
Join Date: Sep 2009
Location: Mississauga, Ontario
Posts: 83
Default

Quote:
Originally Posted by Sabretooth View Post
Hi,

I have laddered all my GIC investments to have one maturing every year. I have bought 5 year GIC's upon each one's maturation date to get the highest interest rate. I have one coming due this January. The current best 5 year rate is 3.3%. Should I abandon my 5 year reinvestment stategy with this GIC given predictions that rates will likely increase after the summer of 2010.....and if so, how long should I reinvest this GIC for? One year rates are currently 1.4 % Two year rates are 2.05 % Three year rates are 2.55 % and four your rates are 2.92 %

Thanks !!!!
Reinvesting into a 2 year GIC doesn't seem like a bad compromise.
__________________
Visit my website at http://www.ticonline.com
Reply With Quote