Oh my God, I almost hate to ask because I see these threads all the time about Internet entrepreneurs asking other people to tell them what to do with their money, but I would just like some ideas and experiences from anyone who's invested that level of money, how they invested it, and how much of a return they made/lost from the endeavour. I have about $70,000 of spare money that I just had appreciating in a savings account at 3% annual interest. Now I'm heavily considering investing that money in a GIC (A Canadian time deposit, http://en.wikipedia.org/wiki/Guaranteed_Investment_Certificate) at around 15%-18% annual interest. My only circumstance is that I don't want to start or invest in a private business with it, because I wouldn't have the time to be involved in it as I would want to be, and the risk is obviously greater than buying a GIC. Has anyone made a good return on GIC's, bonds, or even the stock market? Any information, experiences, or input would be great, thanks.
buy expiring domains using ipalert.com pending delete domain watcher to find them, and also buy names via HuntingMoon.com
I'm pretty sure a GIC won't return you more then 4% in Canada. I'm also from Toronto and was looking at some investment options but decided to invest in some new online ventures instead. My online ventures give me a better return. How about waiting until 2009 and purchasing some real estate when the prices come down? One area that caught my attention was housing that can be rented to University students.
Um if you have $70,000 I would advise going to see someone who is a professional in investing money. DP might not be the place to go to ask about investing that kind of cash.
I live in Canada as well and I don't think anyone is offering those kinds of rates on a GIC. If someone is offering you those rates and say that it is guaranteed get a second opinion. The best rate that I know of is 5.3% for 10 years. Anything shorter is less.
Same here, I live in Canada and there's no why a GIC would give you 15-18%!! If they did, I could easily go to the bank and borrow <insert amount here> at around 8-10% and then invest it in that GIC and make a nice profit without any risk.
Mate that 10% annual is too low Even the inflation rate is higher than that amount now. I would suggest you to take the money and trade forex. Last time i start trade forex using €50k and now my capital is increase to €200k++ It become my full time job now for trading forex
You could buy forclosed American real estate and wait for the market to pick up again. It's not like Canadians don't own half of Florida anyways. lol
During this recession times, dont take unprecended risks with the liquid cash you have. Keep it safe in a vault. If you want to start or enter new business (offline or online) only use a small seed money and see how it goes. In my opinion if you have necessary skills with you can earn money online with just $100. I started with $100 and i learnt lot of lessons as well.
I should've mentioned, the GIC is being offered by a capital company, and not a bank. It's not technically a GIC, but it's the same premise: a time deposit. The risk is of course greater going with a private company, which is why I thought I should give it a shot on DP getting opinions on investment from members like yourself. Thanks for your input! This is a rather good idea Activeweb. I actually do have a background in real estate myself and am in the process of getting a real estate license. I looked into buying/selling real estate, but I put it off until '10 until my real estate training is done and I'm more knowledgeable about the market and which certain areas in Toronto will appreciate moreso over the next ten years. Until then, I was looking at the GIC option for the money to appreciate over the next year. Thanks for your input!
nows not the time to buy, things are about to really crash so buying now could still see huge losses. Wait a year before deciding if you want to buy a bunch of houses or not.