this post was submitted on 02 Aug 2023
6 points (100.0% liked)
Personal Finance Canada
1197 readers
33 users here now
Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, I'm learning that. I'm understanding more why some folks use GICs since they are guaranteed and I have more control of when I want to use the money
Just be careful with GIC, as some of them may lock your money for their complete length, which may not be convenient if you may need the money quickly, for example to buy a house.