Thankfully most of my investments are in GICs (Guaranteed Investment Certificates) which are Canadian investments with a guaranteed return. Interest rates were jacked up recently and these were giving guaranteed returns of 5%+ which I thought was good enough. They’ve dropped to about 2.5% and I was thinking of moving more money into mutual funds. Good thing I didn’t.
The only mutual fund I bought into is mostly based around US stocks. I bought in at $13.20 per unit and its now worth $12.40 per unit so a loss of $0.80 per unit. I have 800 units so that’s currently a total loss of $640. At its height it was about $14.50 per unit which would have meant a total gain of $1,000. Even if the value dropped to $0 I’d still have plenty of savings so I’m not worried!
Thankfully most of my investments are in GICs (Guaranteed Investment Certificates) which are Canadian investments with a guaranteed return. Interest rates were jacked up recently and these were giving guaranteed returns of 5%+ which I thought was good enough. They’ve dropped to about 2.5% and I was thinking of moving more money into mutual funds. Good thing I didn’t.
The only mutual fund I bought into is mostly based around US stocks. I bought in at $13.20 per unit and its now worth $12.40 per unit so a loss of $0.80 per unit. I have 800 units so that’s currently a total loss of $640. At its height it was about $14.50 per unit which would have meant a total gain of $1,000. Even if the value dropped to $0 I’d still have plenty of savings so I’m not worried!