同咩公司買 RRSP 最好? 公司, interest, saving, 最好

athenac

又係買 RRSP 既時候
請問你地會唔會同 BANK 買呢?
因為 BANK 個 interest rate 太低喇...一般只有 3~5 %
同平時放係 saving 都無乜分別
真係唔知應該係邊到買好, 請大家俾d意見...

shutterbug

I use TD's mutual funds.  I like them because I can do everything online and take control.

Some of their funds are pretty good.  If you want the very best, then you should search around independant managers.  Big banks are safer imo, very very large capital.

lerico

I use everything TD. Their online system is so good! Just purchased RRSP last week, quick and easy! So far the performance of their mutual funds is doing quite well compare to others.

athenac

TD RRSP 既 interest rate 有冇 4% 以上呀?

athenac

http://www.redflagdeals.com/deals/main.php/financial/rrsprates/

found this compairson rate!!

pkphilip

I am not financial advisor, but how I see RRSP is ways to defer taxes and obtain the largest amount of tax rebate for the current tax year.

Since it's RRSP, you won't be taking it out any time (based on your age.. haha). That means stability to me is not an issue because the money will be there for long term. This year, I am converting my RRSP to medium-high risk mutual funds with ING because I lost quite a bit of money on medium risks since 7 years ago.

The best is still to talk to a financial advisor, or go to INGDirect.ca and use their "Street Wise" mutual fund calculator.

Philip

athenac

thanks philip

INGDirect.ca is a online bank just like President's Choice in superstore, right?

shutterbug

Why put your money in GIC or whatever when the interest rate is only 4% or less???

There are many funds with better performance and they're quite safe if you're looking at a longer term.  It's not hard to do 10% each year!

Right now, look for funds with large amount of bank content, their price is beaten down right now by the subprime worry but in a 3 yrs they will do just fine with good profit.  Very safe too!

athenac

咁呢d funds 係咪都可以用黎報稅架?

快樂牛郎

It may be too early for you but watch out for "overcontributing".
Not over your RRSP limit but having too much money in RRSP by the time you become 65 can also be a liability.