One of the worst guarantees that come along with investing inside GIC's is that they are certain to lose money to inflation.
Investors need to better understand the relationship they have with their banks with respect to these types of investments. The advantages certainly are not tipped in their favour.
In this video, we discuss why you should always have the mindset of being an "owner" rather than a "lender" when it comes to term deposits and GIC's...
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“Any views or opinions expressed in this video are solely those of the Representative and do not necessarily represent those of Harbourfront Wealth Management Inc. The information contained herein was obtained from sources believed to be reliable, however, the accuracy is not guaranteed. This information transmitted is intended to provide general guidance on matters of interest for the personal use of the viewer who accepts full responsibility for its use and is not to be considered a definitive analysis of the law and factual situation of any particular individual or entity. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or professional advisors. Prior to making any decision or taking any action, you should consult with a professional advisor.”
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