Investing

What to buy in TFSA ?

  • Last Updated:
  • Feb 23rd, 2018 12:01 am
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[OP]
Deal Fanatic
Jun 7, 2005
9015 posts
743 upvotes

What to buy in TFSA ?

If I want to park some cash in TFSA account that I might need to take it at any time, what should I buy in there other GIC without too much fluctuation ?

Thanks for any suggestion.
3 replies
Newbie
Feb 21, 2018
8 posts
1 upvote
To answer your first question, if you are looking at taking the money at any time, then a GIC is not for you because you are agreeing to lend the bank your money for a specific period (months or years), there are also redeemable GICs with a term of 1 year and they tend to offer Lower returns. Conservative ETFs are another option, they are lower in fees and do offer flexibility when it comes to redeeming them. It is better to talk to a financial advisor because they can look at your whole financial profile and create a portfolio for you (also pls make sure they don't put your in funds that charges you high fees). cheers!
Deal Addict
User avatar
Oct 14, 2015
1340 posts
1170 upvotes
XFR - iShares Floating Rate Index ETF
  • yields 1%
  • mer is 0.23%
  • probably not worth it, especially if you have to pay $10 commission to buy and sell
  • main advantage is that it can be sold at any time

Red line is Total Return which includes the distributions.
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