Should we start putting money in GIC or Mutual Fund as US Ressession Starts
Friday, December 28th, 2007I had a lunch break with my good friend, Annon. We were talking about investing in Canadian Mutual fund. He mentioned to me that he had withdrawing all his money out from Mutual fund since many analysts have speculate that US Economy may have gone into ressession. I am considering putting money in GIC for while until this potential crisis is gone. I fund GIC rate comparsion site at http://www.globeinvestor.com/servlet/Page/document/v5/data/rates?pageType=gic_short&tax_indicator=R
This ICICI Bank gives 4.25% return with minimum balance of 1000 which I would recommend.