Personal Finance Canada

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Wednesday: Stock Market & Investments (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

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[–] [email protected] 2 points 1 year ago (1 children)

I know that CASH.TO is terribly trendy, but I also want to remind you that there are alternatives!

HISA.NEO, NSAV.NE, PSA.TO, and CSAV.TO work exactly the same way and may even offer a slightly higher net rate after fees.

There's also HSAV.TO, which reinvests the interest rather than distributing it, effectively converting it into capital gains. However, due to a technical reason, it is currently valued significantly above its true value ($0.46 as of this morning). It could be a smart fiscal move in the medium to long term, but I don't recommend it unless you fully understand how it works and what you stand to gain or lose.

It would still be convenient to have a generic name to group these ETFs together...

PS: I included links to the issuers for each ETF for those who are curious.

[–] [email protected] 2 points 1 year ago (1 children)

They get called hisa ETFs usually.

[–] [email protected] 1 points 1 year ago

The name isn't used that much though, people mainly refer to them as CASH.TO...