Do Not Invest In GICs In 2021...Use This Alternative
Parallel Wealth Parallel Wealth
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 Published On Jun 18, 2021

EQ Bank referral: https://join.eqbank.ca?code=ADAM8851
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Interest rates are so low that it doesn't make much sense to lock your money in a GIC. Using a high interest savings account like the one offered by EQ Bank is a much more flexible option, and while you're still losing to inflation at 1.25%, we think that it is the best option to preserve your money for the short term.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning

OUTLINE:
0:00 - Introduction
1:11 - Potential Investment Options
3:50 - High Interest Savings Account (EQ Bank)
8:52 - Summary
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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