Canadians: best guaranteed rate of return investment available? - Page 2 - GoFuckYourself.com

NaughtyINC · 10-17-2004, 02:24 PM

wiredguy.. contact AIC our family is close to the owner (mike leechan) etc... I know quiet a few people who have delt with their services and you would be amazed with what he can do bud...

plus they are close to ya as well

Dcat · 10-17-2004, 02:37 PM

Quote:

Originally posted by EscortBiz
how long you usally wait for pay back?

It varies, sometimes as quick as 2-3 months .. other times up to 18-24 months. It's really up to you. You show up with cash to invest, and you can "shop" the terms..

Very few people know about this, and it's a shame. Errr ..I mean ... it's wonderfull!!!

grumpy · 10-17-2004, 02:39 PM

invest in real estate and rent it out.

AndrewKanuck · 10-17-2004, 02:39 PM

Quote:

Originally posted by yys
FYI, the best rates are never posted; whats posted is for your average joe investor. When I was working at Nesbitt we could get our clients 50-100 basis points more then the posted rates on GIC's and B.A's. Same thing goes for mortgages. We partnered up with a real estate finance company outside the bank who would beat any quote for one of our clients if we aked them too.

You've got lots of coin I gather so just ask your banker/advisor what they can do for you. They should be able to beat anything available to the general public if they know what their doing and consider you a 'valuable' client.

BMO Nesbitt Burns makes me good coin, I love my guy - he handles all my families financials and hasn't let us down yet. Good solid company

Myst · 10-17-2004, 02:48 PM

Quote:

Originally posted by yys
Pick yourself up a weekend Globe and Mail. They list the highest rates in the country for GIC's every week.

Peoples Trust has the highest 30 day(2.35%/$5,000; 2.45%/$50,000) and 1 year rates(3.1%/$5,000)

Achieva Financial has the highest 5 year rates(4.55%/$1,000)

GIC's are a money loser outside of an RRSP or RIFF though; there was a paper that came out of York U last March about it. You can check it out here The Erosion Effects of Income Taxes and Inflation on GIC Investment Returns

if the rate is 3%, and i invest 20,000, does that mean i earn $600 a year??
Keep the $50 if these are the highest rates anyone finds.

Dcat · 10-17-2004, 02:54 PM

Quote:

Originally posted by grumpy
invest in real estate and rent it out.

Yes, ..if you have NO experience in real estate investing, please do! In no time you will become a "motivated seller."

Seriously though, I don't recommend just going out and purchasing an investment property. Invest in some knowledge first.

Dcat · 10-17-2004, 02:56 PM

Quote:

Originally posted by Myst

Pick yourself up a weekend Globe and Mail. They list the highest rates in the country for GIC's every week.

Peoples Trust has the highest 30 day(2.35%/$5,000; 2.45%/$50,000) and 1 year rates(3.1%/$5,000)

Achieva Financial has the highest 5 year rates(4.55%/$1,000)

GIC's are a money loser outside of an RRSP or RIFF though; there was a paper that came out of York U last March about it. You can check it out here The Erosion Effects of Income Taxes and Inflation on GIC Investment Returns

if the rate is 3%, and i invest 20,000, does that mean i earn $600 a year??
Keep the $50 if these are the highest rates anyone finds.

Sorry, but this makes me laugh. Are you really satisfied with 2-5% returns?

Sami · 10-17-2004, 03:00 PM

CIBC mutal funds...

CIB 512 is the symbol.

For every 350,000 they pay you $1800 /month.

WiredGuy · 10-17-2004, 03:28 PM

Quote:

Originally posted by Sami
CIBC mutal funds...

CIB 512 is the symbol.

For every 350,000 they pay you $1800 /month.

Is this a guaranteed mutual fund or is there risk behind it? Got a link to more info about this fund?

WG

Myst · 10-17-2004, 03:49 PM

if you invested $20000, and the rate was 3%, would that earn you $600 a year?

is that how it works?

Webby · 10-17-2004, 04:34 PM

FlyingIguana:

Quote:

--------------------------------------------------------------------------------
Originally posted by Steen2
Talk to a good lawyer and accountant
--------------------------------------------------------------------------------

what the fuck would they know about investing?

Gotta agree with ya on that!

It's "assumed" they know stuff - but know *very* little.

Same with "financial advisors" - dangerous people!

Quiet.. I'd have to think about spreading money, not just within one country but elsewhere (I don't "trust" one country!*s*) and also looking at real estate if you want higher returns.

There are several places where real estate has increased 30 fold over five years and no signs that this is levelling - it's only upwards :-)

Myst · 10-17-2004, 11:39 PM

Quote:

Originally posted by Myst
if you invested $20000, and the rate was 3%, would that earn you $600 a year?

is that how it works?

Steen2 · 10-17-2004, 11:46 PM

Quote:

Originally posted by Myst
if you invested $20000, and the rate was 3%, would that earn you $600 a year?

is that how it works?

detoxed · 10-18-2004, 12:44 AM

I'd offer you 14% on $500,000. Total interest and pricipal due in one payment in 5 years.

Interest payments paid twice-yearly and total balance due paid in 5 years.

detoxed · 10-18-2004, 12:44 AM

Quote:

Originally posted by detoxed
I'd offer you 14% on $500,000. Total interest and pricipal due in one payment in 5 years.

Interest payments paid twice-yearly and total balance due paid in 5 years.

plus the $50 for the best rate

10-17-2004, 02:24 PM	#51
NaughtyINC Confirmed User Join Date: Jul 2004 Location: Toronto Posts: 1,288	wiredguy.. contact AIC our family is close to the owner (mike leechan) etc... I know quiet a few people who have delt with their services and you would be amazed with what he can do bud... plus they are close to ya as well __________________ meh

10-17-2004, 02:39 PM	#53
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	invest in real estate and rent it out. __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

10-17-2004, 03:00 PM	#58
Sami Confirmed User Join Date: Mar 2004 Posts: 2,047	CIBC mutal funds... CIB 512 is the symbol. For every 350,000 they pay you $1800 /month. __________________ ServerProvider.com ICQ#: 311-848-143

10-17-2004, 03:49 PM	#60
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,707	if you invested $20000, and the rate was 3%, would that earn you $600 a year? is that how it works? __________________ ICQ: 298-523-037

10-18-2004, 12:44 AM	#64
detoxed vip member Join Date: Jan 2003 Posts: 17,798	I'd offer you 14% on $500,000. Total interest and pricipal due in one payment in 5 years. Interest payments paid twice-yearly and total balance due paid in 5 years.