The Idiot has spoken about GICs, I am assuming that would be similar to our fixed annuities. For the risk adverse, Index Annuities would be an option. Here the investors upside and downside are capped, but with participation above the fixed interest rate if the market recovers.
The Idiot has spoken about GICs, I am assuming that would be similar to our fixed annuities.
I think this is a cultural difference, and what I call a GIC is what y'all would call a CD.
OK. In the past, some American retirement plans used Guaranteed Insurance Contracts (GICs) to fix rates on money market type assets. The manager would use a mix of of conservative Investments, but not as safe as CDs. As rates bottomed many have disappeared.
Skuj, you retired by now? Last I saw you (long time ago), I think maybe you were in the reserves, and I've no idea what else you did, but I also recall vaguely that you were about my age or maybe slightly older.
Nearing Bear territory for the S+P 500 (down 19.5% YTD).
Wondering if I should dump my stocks and just ride the ETFS I have betting against the market..for now keeping as a hedge (Tsla and Twitter -- twitter up today and Tsla down far less than the market -- oil and bitcoin stocks getting smoked.
One of eight indexes on our world watch list posted gains through September 19, 2022. The top performer is India's BSE SENSEX with a YTD gain of 2.2%. London's FTSE 100 is in second with a loss of 1.36% and Tokyo's Nikkei 225 is in third with a loss of 2.43%. Coming in last is Germany's DAXK with a loss of 21.74% YTD.