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donoreo
Premium
join:2002-05-30
North York, ON
reply to Keepinitpriv

Re: [Serious] Fell into some money

Of course the bank people are going to offer something that makes them money. In fact, that is all anyone is going to offer you.

You could split it, though it is not that much money, into several things. Max out your RSP for this year and previous years. Whatever is left you could then do your own investing, pick a discount brokerage like e-trade and go do some of your own research. I think retirement planning is the best option for this small amount.

Overall, this is NOT a lot of money. Do not think of it as being much and it will be easier to decide what to do with it. My father in law is a stock broker and he would not consider taking you on, you do not have enough to invest. Most of the experienced good guys are going to be the same.
--
The irony of common sense, it is not that common.
I cannot deny anything I did not say.
A kitten dies every time someone uses "then" and "than" incorrectly.
I mock people who give their children odd spelling of names.



ChuckcZar

@teksavvy.com

Putting $25,500.00 into a TFSA this coming January would be a far better idea.