Investing

Anyone use Tangerines TFIF

  • Last Updated:
  • Mar 27th, 2015 3:41 pm
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2 replies
Deal Fanatic
Mar 24, 2008
6278 posts
2753 upvotes
Toronto
These funds follow what's called an index investing approach. Take a look at this page (specifically option 1) to learn more about this approach. One thing you need to be aware of before investing in these products is that the returns are not guaranteed. You may lose up to 50% (or more) of what you invest. In my opinion, you shouldn't be investing in these funds unless you are in it for the long term (10+ years).

If I needed money in 5 years, I would personally just invest in high interest savings accounts like the one at People's Trust (currently paying 2.5% in TFSA) and call it a day.

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