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RRSP Allocation Help

4K views 9 replies 6 participants last post by  Belguy 
#1 ·
I want to put 20% in a ETF Fund and the other 80% in something safer. I was thinking of putting it in a bond ETF but since the interest rates are so low on them right now, do you think it would be better to put that 80% in a GIC until the prices of bonds fall and the yields increase.

Any help would be appreciated.
 
#3 ·
Yes to waiting for bond prices to lower a bit (they are starting to go down already) and no for the GIC. I Just put the money in a high interest savings account or money money market fund. More liquid. The money is ready when you're ready. Not the other way around.
 
#8 ·
To be more specific, I will make my first withdrawal in 7 years and successive one into the future (most likely 10 -15 years)

So would it make more sense to put 50% in equity and 50% in bonds now and then change the composition as I near the end (say in 10 years).
 
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