Hi im looking at investing approximately 5000 cdn$. I dont know where to start or even where to purchase stocks. I dont even know if i should be purchasing stocks. What are my options for investing this money?
I have been looking into GIC'S and while i do like the security aspect of it, the return of 2.25% just seems ridiculous to tie up for 5 years. Market linked Gic seem pretty stupid because the return of the investment is only at the end of the 5 years. Yes 25% return seems good but its not guaranteed. What is guaranteed is the 2.50% return. however, again its only at the end of the term and not annually which means im better off just getting the guaranteed gic at 2.25% per year. So i have pretty much eliminated market linked gic as an investment. The potential seems good but i wouldnt expect to earn the 25% advertised. I would expect a return of 10% which means (on 5000$) only 500$ at the end of the term(5 years). The guaranteed 2.25% annual gic guarantees me 588$ over 5 years.
I want to make money. In 10 or 20 years from now i want this stock to have boomed. Now i know im being stupid and not every stock turns into amazon or google at 1000$ a share but please some advice if you have any would be great! Thanksssss so much
Submitted October 14, 2017 at 10:37AM by rkalloo2 http://ift.tt/2ibxNck
