this post was submitted on 02 Aug 2023
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Personal Finance Canada

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

Yeah, I'm learning that. I'm understanding more why some folks use GICs since they are guaranteed and I have more control of when I want to use the money

[–] [email protected] 2 points 1 year ago

Just be careful with GIC, as some of them may lock your money for their complete length, which may not be convenient if you may need the money quickly, for example to buy a house.