Money Sitting in RRSP for over 2 years as Cash and some other small amount
I had plan to invest in my own mortgage (self directed non-arm's length mortgage) and use the interest to grown my RRSP.
However all the banks made me go in circle despite promises etc and I end up renewing my mortgage with them.
Now here I am with no plans for my RRSP investment
I had put in about 40k in rrsp which are in cash form (not invested in anything) and I have about another 30k which I will be using to buy RRSP this year.
I am not sure what to do with the RRSP. Ideally I would like to invest RRSP and use the interest earned to learn/invest in stocks.
What is the best way to start investing for retirement? I am looking at Tangerine and CIBC/Simplii GIC etc and not sure what to do. I have to buy the RRSP on 1'st of March. so got about a month and half before I will need that 30k.