GICs help Canadians who want safer investments
(NC) With the recent economic downturn still fresh in the minds of many, and the resulting uncertainty that affects investors to this day, it is no surprise that significant numbers of Canadians are looking for safer investments.
In fact, a recent BMO survey showed that Canadians are twice as likely to have become safer, instead of riskier, investors compared to how they felt before the downturn. The trend has strengthened of late; compared to three years ago, 41 per cent of Canadians now describe themselves as safer investors, as opposed to 8 per cent who say they are taking on more investment risk.
Despite this shift in attitudes, only about a third of Canadians who prefer safer investments own Guaranteed Investment Certificates (GICs). GICs have long provided an ideal way to help investors grow and protect their investment funds, with flexible terms ranging up to 10 years. Investing in different types of GICs gives investors the opportunity to take advantage of a suite of different benefits GICs offer, while also providing diversification for their portfolio.
By choosing the right GICs, investors can:
• Protect 100% of their capital
• Generate steady, predictable income
• Diversify their overall investment portfolio and reduce risk
• Pay themselves monthly, quarterly, semi-annually or annually
As an example, those who wish to get all the benefits of a safe investment and competitive returns could consider the 3-Year BMO RateRiser Plus GIC. This GIC provides the best of savings accounts and investments combined, with guaranteed competitive returns that increase annually along with the flexibility for investors to access their money each year.
For more information on how to incorporate guaranteed investments into your portfolio, visit a local BMO Bank of Montreal branch and speak with a BMO investment professional.
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