Hi,
I am new to investment .
I have made RRPS contribution for 2013 (mutual funds, biweekly, suggested by bank financial advisors) but still have room, around 10,000.
So as a lump sum what could be best possible for that before March 1, 2014 (to lower the tax)?
I read a thread a few weeks ago where a poster asked a similar question (about investing 10,000 lump sum not good) but can't find that thread anymore.
I have mutual funds accounts with BMO and TD, also some GICs. For 2014 if I know how to invest better I will change, otherwise I will increase my biweekly amount to avoid this lump sum situation.
Thanks
I am new to investment .
I have made RRPS contribution for 2013 (mutual funds, biweekly, suggested by bank financial advisors) but still have room, around 10,000.
So as a lump sum what could be best possible for that before March 1, 2014 (to lower the tax)?
I read a thread a few weeks ago where a poster asked a similar question (about investing 10,000 lump sum not good) but can't find that thread anymore.
I have mutual funds accounts with BMO and TD, also some GICs. For 2014 if I know how to invest better I will change, otherwise I will increase my biweekly amount to avoid this lump sum situation.
Thanks