Where to invest money that I need in short/medium term?
At first I thought about just putting the money into a savings account but those generally don't give much interest. Then I thought about GICs, such as 1 year GICs (e.g. Tangerine is currently at 1.75%). I would wait until I've saved up a certain amount (such as 1k) and then buy a 1 year GIC, then wait until I save up another 1k and buy another 1 year GIC and repeat.
I'm sure there are even better ways of doing this though so I'm hoping to hear some suggestions or what other people here are doing!
Btw I've got my long term investments (for retirement) in low cost index funds but I don't think I would want my short/medium term money tied up in the market.