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Is there anything better than GIC for a 10 year SAFE investment?

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  • Jan 26th, 2017 8:35 pm
[OP]
Deal Addict
Mar 11, 2007
3645 posts
1010 upvotes
QC

Is there anything better than GIC for a 10 year SAFE investment?

So my mom has a few RESP that are going to expire very soon and I want her to get the most out of her RESP since she has about 10 year max before retiring. She doesn't have a lot, so risky investment is out of question. I was browsing for GICs but most of them don't go over 2% which is pretty low.

Is there anything bette for late investor?
1 reply
Deal Addict
Dec 22, 2008
2169 posts
966 upvotes
Victoria
jfmartel wrote: So my mom has a few RESP that are going to expire very soon and I want her to get the most out of her RESP since she has about 10 year max before retiring. She doesn't have a lot, so risky investment is out of question. I was browsing for GICs but most of them don't go over 2% which is pretty low.

Is there anything bette for late investor?
I'd suggest she visit a financial planner because getting set up for retirement is so important if she's risk-averse as you say.

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