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Old 12-10-2009, 11:57 PM
Sabretooth Sabretooth is offline
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Join Date: Dec 2009
Posts: 2
Default Advice on laddering GIC's please


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 !!!!
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