I am cashing out on a long term investment. I want to hold on to cash for a year or two to wait for investment opportunities. What can I do with cash other than a 2.5% GIC?
You need patience to be a good investor.A few years is a long time.
Canadian Energy stocks, which are a bargain, right now, if you are bullish on oil and have patience (willing to wait for a few years).
I have some of those too ( dividend paying stocks ).............I will keep my holdings and buy more when the prices of quality stocks are depressed after an economic downturn.I agree with kastoric. Reits is where I would put some of it. DRG.UN is a good one right now. Spread some of your money out on a few and buy a gic with the rest. Atleast you will be making something. Unfortunately alot of good dividend paying stocks are a little pricey now
This sounds like a good one worth investigating!Is it me or are the suggestions in here contrary to the goals of the OP?
If you're bullish on REITs, great, but he specifically says he wants to hold "cash for a year or two". These recommendations are not "cash" or its equivalent.
For me, a nice replacement for cash has been the IA Clarington Floating Rate Fund. It's a short-term fixed income fund that has short duration and low volatility. Return targets are around 4%.
What is the symbol for that one?I
For me, a nice replacement for cash has been the IA Clarington Floating Rate Fund. It's a short-term fixed income fund that has short duration and low volatility. Return targets are around 4%.
This sounds like a good one worth investigating!
Right now they're mutual funds (A and F class) that are available on all platforms. But my understanding is that like most fund companies, they will be coming out with an ETF version soon, if not already.What is the symbol for that one?
If you like this particular portfolio, how else would you get the same exposure?Why in this day and age would anyone consider buying mutual funds?