| Glossary of
Financial Terms | | |
| CI
Mutual Funds Inc. FULPAY PLUS™ review |
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| As an investor, one of your primary
objectives is to make investments that have solid growth potential
over the long term. But in today’s volatile markets, you may
be worried about losing some of your hard-earned capital. So how can
you invest to grow your savings without the risk of losing your capital?
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| High
Yield savings accounts offer great value |
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| When was the last time you found
savings accounts with rates of return higher than the many of the
GIC rates offered by the major banks? Most of the time conservative
investors have to make a decision as to how much of their capital
to keep liquid at low savings rates and how much to tie up in fixed
investments for the benefit of higher interest. The current low interest
rate environment however has revealed some startling differences among
institutions and their rate offerings, that make the savings account
option much more appealing. |
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| Savings
builds character |
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| Your savings, believe it or not,
affect the way you walk, the tone of your voice. In short, your physical
well-being and confidence. A person without savings is always running.
They must. They must take the first job offered, or nearly so. They
sit nervously on life's chairs because any small emergency throws
them into the hands of others. |
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| Saving
vs. investing (Women: Appreciating your worth) |
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| While women are coming to recognize
the need to save for their futures, many are still uncomfortable with
the idea of investing. As a result, most women hold their RSP money
in guaranteed investment certificates GICs and savings accounts. According
to Decima Research, 43 per cent of Canadian women held GICs and term
deposits in their RRSPs in 1995, while only 32 per cent held mutual
funds. |
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| GIC savers
in a dilemma |
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| If you have GICs maturing now
should you park the money in a savings account and wait for rates
to rise or should you invest now because rates could still go lower?
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