I am currently putting some cash aside for a future down payment (probably in 3 or 4 years). I don't want to take high risk with this money but still I can't stand having it in a saving account (with a miserable 1% interest) or even a GIC (with max 3% for 5 years locked)....
Would it make sense to invest all the down payment money in a couch potato non registered portfolio (probably TD e-funds) with an allocation heavy on bonds ? Wouldn't I get a better return than saving interest rates or GICs ? and wouldn't it better tax wise ?
Thanks for your advice. Fab
Would it make sense to invest all the down payment money in a couch potato non registered portfolio (probably TD e-funds) with an allocation heavy on bonds ? Wouldn't I get a better return than saving interest rates or GICs ? and wouldn't it better tax wise ?
Thanks for your advice. Fab