tripixel

原帖由 pkphilip 於 2008-11-20 00:36 發表
ING Direct has the Tax Free Savings accounts a few months already. They are running a promo now that you get twice the interests, and the account will convert to the Tax Free account next year.

I alr ...

"Open an ING DIRECT promotional tax-free Investment Savings Account today and on December 31st we will double your interest payment. This should be enough to cover any tax you’ll need to pay on interest earned"

so they only will double the interest for this short period of time, not DOUBLE INTEREST for the whole time frame of your investment. correct me if i am wrong. so you maxed out $5,000, and they double your interest which is going to be 2.7% X 2 = 5.4%. let's say you opened the account in early october, so they will pay you $5,000 X 5.4% divided by 12 (months)X 2 (two months oct to dec), which you will end up with $22.50. is that truth?  thanks.

tripixel

This is the Canada Revenue Agency web site:

http://www.cra-arc.gc.ca/gncy/bdgt/2008/txfr-eng.html

a bit off topic here, so how many LYK will invest the money in mutual funds these days? (under this tax free saving account), let's say 5 years time frame.

tripixel

http://www.globeinvestor.com/ser ... icator=R&page=1

Rates of GIC of Financial Institutions. This page is for, "Short-Term Registered". You can click on other three if you want to find out the rate.

tripixel

i will put money in some canadian base mutual funds. TSX from 15,000 point to yesterday's 7,700 points. that's almost a 50% discount. i think is a good buy.

not saying that we are at the "lowest" point right now. but i know my risk level and my time frame. that's why i said is a good buy.

tripixel

I invested $2000 into a canadian equity fund. And set up a monthly plan for $250.

tripixel

Fidelity Canadian

tripixel

well. like i said in #14  "i will put money in some canadian base mutual funds. TSX from 15,000 point to yesterday's 7,700 points. that's almost a 50% discount. i think is a good buy.

not saying that we are at the "lowest" point right now. but i know my risk level and my time frame. that's why i said is a good buy."

i did not invest all in the market at once, put $2000 in there and set up a monthly investment plan to use dollar cost average to lower my risk. make sense?? or i could invest all the $5000 into money market fund first, then switch it slowly into the market as well.