should i move my money from GIC 5% to anywhere else?
should i move my money from GIC 5% to anywhere else? Where to put 100K USD now? – i have been keeping it at GIC ~5% for past 2 years. As title says, i have 100K USD sitting in a fix rate account with 5% /anum. I have maxed out tfsa already and rrsp accounts already. (i live in Canada) Should i keep it at the GIC knowing its getting lower return as infl. goes down. should i buy SCHX or lets say XL…