Do you invest your money in stocks or mutual funds? or GICs? or RRSPs?
2007-06-01 13:59:29 · 13 answers · asked by drunken_monkey1988 4 in Business & Finance ➔ Investing
RRSP is a registered pension plan, its not an investment vehicle. You can have stocks/mutual funds/gics in an RRSP or outside it (RSP/Non Registered). RRSPs are exempt from accural tax, and RSPs are not.
As for what to use, it all depends on you and you risk tolerance and minimum acceptable return. Speak to a Financial Advisor.
2007-06-02 08:28:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Always go with a no-load index mutual fund. I have found Vanguard to be the best and the best index fund they have is the Total Stock Market Index Fund. Good luck.
2007-06-01 14:11:10 · answer #2 · answered by Irish 7 · 0⤊ 0⤋
Stocks and mutual funds are the best way to put money away to combat inflation and supplement retirement funds.
2007-06-01 15:51:38 · answer #3 · answered by wha? 5 · 0⤊ 0⤋
I started with certificate of deposit (CD's) and now I'm also into Mutual Funds & Stocks. The bank CD's are FDIC insured so you will not lose your monies. Mutual Funds & Stocks are not insured.
2007-06-03 13:47:40 · answer #4 · answered by njm 2 · 0⤊ 0⤋
Invest the easy and affordable ways:
www.sharebuilder.com
And Direct Stock Purchase Plans.
Try these ideas..
Plus: www.simpleplanning.net
GOOD LUCK! :-)
2007-06-01 14:02:26 · answer #5 · answered by JEDI MASTER YODA 4 · 0⤊ 0⤋
you may now make investments income 3 uncomplicated steps: a million) open a Demat Account with financial company or broking provider (Reliance money, Karvy, Indiabulls and so on) 2) Deposit you cash in Demat account. 3) purchase shares on your demat account via a utility or via telephone call to broking provider.
2016-11-03 08:59:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No... But, I came into a good amount of money a few years ago, which I ended up pissing away within a couple of years. Now I'm wishing I would have invested some of it.... Live and learn.....
2007-06-01 14:02:36 · answer #7 · answered by nfogey_1981 3 · 0⤊ 0⤋
No load mutual funds!
2007-06-01 14:07:00 · answer #8 · answered by Kiwi bird 3 · 0⤊ 0⤋
Yes.
Stocks and mutual funds in 401k, Roth IRA, and brokerage.
2007-06-01 14:12:20 · answer #9 · answered by HL 5 · 0⤊ 0⤋
you have to invest your money in these area and many other things like real estate, gold, oil, forex, tech., life insurance, .........and this is to make your portfolio more and well-diversified
2007-06-02 05:37:47 · answer #10 · answered by Actuary 2 · 0⤊ 0⤋