Are GICs a good substitute for bonds? - GIC Wealth Management

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For Your Information Are GICs a good substitute for bonds?

Are GICs a good substitute for bonds?

Laddered GICs can replace bonds in a balanced portfolio. Few investments are easier to understand than the humble guaranteed investment certificate: you invest a lump sum for one to five years and collect a fixed rate of interest until maturity. Many investors wonder if a five-year GIC ladder might replace bonds on the fixed-income side of a balanced portfolio. The answer is yes. In fact, GICs have several advantages over bond…

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