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Wealth tax increases risk of GICs
May 28, 2022
4:27 pm
savemoresaveoften
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AllanB said
Pension funds have been moving out of stock markets into private investing since 08. They saw a flawed system like everyone else but what some missed was the fed put which refers more to US equities which drive other markets. The fed put in Canada is real estate "you can't lose" unless you need a home more recently. Another thing a lot of investors missed was government involvement in big tech since 911 for security and to compete with China.  

Huh ! I hope u r just joking and not seriously believed in what u said and then preach it here.

If one can’t take the risk of investing in equities, that’s fine. But bashing equities and praise GIC ?! Seriously ??!!

May 29, 2022
5:02 am
Bill
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canadian.100, knowing myself I'd likely be pretty bitter if I'd been in gics instead of equities over the last few decades of my one life, probably best not to overly dwell on equities on this site as it IS a place dedicated to cash and near-cash. I've not encountered elsewhere antipathy by equity investors toward gic folks but I've learned here the reverse is not true, and I get it. Going forward I'm going to try to be better about sticking to HISA & gic-related comments only (lower-income tax planning and maximizing gov't benefits also seem to be acceptable related topics here), lots of other places to talk about equities. Though it's interesting to me how the site's name refers to HISAs whereas over time the talk has morphed to be pretty much about gics - maybe HISAs will have their day again.

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