Dow’s soared 550 points…
- Thread starter poker
- Start date
Right now the banks are giving me more returns than the markets. With another interest rate hike, more people will park their money at the banks. Also, businesses will stop borrowing thus hindering business expansion and growth.
One mans ceiling is another mans floor, one mans left overs is another mans feast. I can get from the markets daily what the banks will pay me annually.
or would you rather just buy stuff at discount cause it'll inevitably go back up ?
you make money in bull markets, get rich in bear markets.
I don't buy individual stocks, I hold ETFs, my ETFs are in the tank but eventually over a long period of time they will provide a return. That said I am putting more money into bank GICs that offer %4.70 interest.
It doesn't matter whether you hold individual stocks or ETFs. But, if you have liquidity needs in a year and thus require capital preservation, then, yes, putting your money into a GIC makes sense.
