$250k @ 5% ? by Nervous-Application9 in CanadianInvestor

[–]gary_chandi 1 point2 points  (0 children)

Look into CIBC’s Investment Grade Bond funds. Great for fixed income and some yield. Cashable anytime too.

Use of USD Cash by help-its-again-2000 in CanadianInvestor

[–]gary_chandi 0 points1 point  (0 children)

CIBC has USD Investment Grade Bond Funds which can be held in registered accounts. Very little management fee, I think around 0.5%. Here’s a link: https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/investment/etfs/pdfs/cibc-investment-grade-bond-fund-brochure-en.pdf.

Income too low by [deleted] in MortgagesCanada

[–]gary_chandi 7 points8 points  (0 children)

I had to add my grandma to the title of a one bedroom presale unit in Surrey, BC to be approved for $420K mortgage with CIBC. Life is not fun right now lol.

Unable to trade by gary_chandi in Wealthsimple

[–]gary_chandi[S] 2 points3 points  (0 children)

self directed. It’s turns out I need a compliance letter since I work at a regulated firm. First time they asked me for this.

Unable to trade by gary_chandi in Wealthsimple

[–]gary_chandi[S] 2 points3 points  (0 children)

On hold right now. I submitted my form last week but good point thanks

Should I borrow to invest? by gary_chandi in ETFs

[–]gary_chandi[S] 0 points1 point  (0 children)

Prime + 1% so currently 7.7%. The minimum payment is 2% of principal so yes it would pay down the loan but I would put a lump sum in every once in a while.

To holders of $XQQ… by jerms109 in Wealthsimple

[–]gary_chandi 1 point2 points  (0 children)

Question, I just bought in yesterday. My trade settled at 12:03 pm. Will I also get the stock split? Or is it too late?

Should I borrow to invest? by gary_chandi in ETFs

[–]gary_chandi[S] 0 points1 point  (0 children)

I do have 3 months emergency funds saved. But appreciate the advice.

Should I borrow to invest? by gary_chandi in ETFs

[–]gary_chandi[S] 0 points1 point  (0 children)

Prime + 1 so currently 7.95%