by Salman Ahmed
Are you considering investing in GICs or bonds but aren’t sure which option is right for you? In our latest video, we explore the benefits and drawbacks of each to help you determine which might be a better fit for your investment goals and horizon.
GICs offer advantages such as a guaranteed return, CDIC insurance, and a low minimum investment requirement. They also have negatives, however, including limited liquidity and fixed returns. Bond funds, on the other hand, fluctuate in value but can provide diversification from stock market volatility, greater liquidity, and potential for higher returns over a longer investment horizon. Tune in below to learn more!