Member of the Month

KilaTsunami
October, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

I Need Investment Advice

profile picture
StealthSteez
Posts: 3183 - Karma: 11
First of all, I need canadian advice here, it works way different with banks in the US.

Since every bank I'm going to go to is biased as hell, what should I do with about 4 - 5 grand to keep it safe until about march? I just want it secure and with a good interest rate, and I want to be able to take it all out if I absolutely need to (even though I doubt I would)

I thought about like ING or PC banking, but the whole like no branch thing is kind of odd, but my mind is still open to it.


So go for it. Any advice would be great.
Aug 23 2007 7:27PM
0 0
profile picture
Fish_Sandwich.
Posts: 9108 - Karma: 16
Can't you go to different banks and ask around about what options they have. 
Aug 23 2007 7:30PM
0 0
profile picture
wang_bong
Posts: 766 - Karma: 13
dude just stick it in a savings account.. doesn't really matter where.. or you could go with some six month CDs (certificate of deposit). either way expect around 3-4% interest
Aug 23 2007 7:47PM
0 0
profile picture
UNREAL
Posts: 3989 - Karma: 23
ING direct, save your money
Aug 23 2007 7:48PM
0 0
profile picture
toominator
Posts: 4792 - Karma: 120
3-4% sounds pretty low, I'm getting 7% in an online savings account. Its through my normal bank but you only access the ac online, so you can't like go to an atm or into a bank and withdraw money from it, you have to transfer it into your normal account first
Aug 23 2007 8:15PM
0 0
profile picture
ax_murderer
Posts: 3322 - Karma: 30
t rowe price stock growth fund.
i put 5000$ in one and and they invest it. ive made 752.00$ in less than a year. booyah
Aug 23 2007 8:39PM
0 0
profile picture
Luc.
Posts: 7540 - Karma: 59
you said the two choices i would do. ING or PC. both legit and both have decent retrun rates. what is this branching shit?
Aug 23 2007 9:34PM
0 0
profile picture
ax_murderer
Posts: 3322 - Karma: 30
im tellin u invest that shit in stocks if u want some dough
Aug 23 2007 9:47PM
0 0
profile picture
cjgncjgn
Posts: 3023 - Karma: 21
PC longterm interest account sounds perfect for you. thats what im opening in a few days. it allows access at a CIBC if you transfer the funds. Allows you to get it if absolutely necessary, its you best bet. If you find something better let me know!
Aug 23 2007 11:24PM
0 0
profile picture
mark.p
Posts: 1422 - Karma: 10
You could open an account with ameritrade online and invest in some ETF's or some mutual funds. You can even just stick your money into a money market fund if you really want to. It might be a little riskier than a savings account where you are basically guaranteed the interest, but with an etf or a mutual fund you have a greater chance of getting a much higher return.
Aug 24 2007 12:05AM
0 0
All times are Eastern (-5)