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What to do with cash.

Ceiling Cat

Well-known member
Feb 25, 2009
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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?
 

kastoric

Erect member
May 22, 2019
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You should consider REITS. Relatively safe with modest growth potential, but the beauty is in monthly dividend payouts.
 

George The Curious

Active member
Nov 28, 2011
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Invest in emerging market, VEE, XID. US China trade war means, these other countries will benefit or at least suffer less damage.
 

yomero5

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Jan 12, 2017
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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).
 
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Carvher

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Apr 13, 2010
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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
 

Barca

Active member
Sep 8, 2008
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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%.
 

Ceiling Cat

Well-known member
Feb 25, 2009
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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).

Already got some Canadian Energy stocks.........................I want to use the cash to buy cheap (er ) stocks when the recession pushes prices down.


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
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.
 

whiteshaft

Been Around
Mar 15, 2014
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Room 38DD
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%.
This sounds like a good one worth investigating!
 

danmand

Well-known member
Nov 28, 2003
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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%.
What is the symbol for that one?
 

Mr Bret

Well-known member
Aug 13, 2012
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Private lending mortgage, short term, 6 months to 2 years, 10%-15% return annualized.
 

ActionJ

Active member
Jan 17, 2004
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Is your pending investment opportunity to have cash on hand to buy low when the market tanks?
 
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