Money Money Money...

[cmartyn 0]

Hmph, when I negotiated my salary and moving bonus the Canadian dollar was at about 81 cents. Now it is 86.5. This sux.. but I was looking at 25 year mortgage rates in Canada today they are at 8.25% YIPES! whats going on up there??

Also, the house I sold when I left for 425K has sold again for 395K!!! Well, prices seem to be topping here too but I had 4 offers when I sold it.

Also, I used to roll cash over in TBILLS in Canada. These things paid about 3% interest and were fully taxable. Here I can roll over 28 day notes at ~4.5% and pay no state tax on them! Thats like 5% in my state.

If anybody has savings to invest here forget ING.. Use Treasury Direct, or Fidelity for the faint of heart. Thats where the best returns are right now.

I also like EmigrantDirect Savings bank if you want the same simplicity as ING. Actually, Emigrant Direct and Treasury Direct in combination will give the best yield for accounts > 30K. If you are < 30 K I think there might be better banks to use.

Anyone else have any input? There is a maze of options thats for sure. One thing I don't like about Treasury direct or Fidelity is that you buy the TBILLS at auction, usually on Tuesdays. Then they mature and you reinvest them on the next Tuesday after you get the money. It sure beats buying them on the secondary market with CIBC grabbing a point off the top for the privilege though.

Edited February 20, 2006 by cmartyn

[john_and_marlene 162]

exept for the few dollars stuffed in my mattress, I keep all of my money buried in mason jars in the back yard.

[cmartyn 0]

Been there, done that :-) I remember burning through my wifes RRSP when we went cash flow negative after buying our first condo. Things have turned around though. (for the moment).

[nazrox 0]

I think ING IS THE BEST! They also currently started offering short term GICs.. !!

And I'm not just saying this because i work there!!

"Save your money" folks

[cmartyn 0]

Well, true, we are actualy talking 10ths of points in interest rates.

GO ING!

[Jasman0717 9]

exept for the few dollars stuffed in my mattress, I keep all of my money buried in mason jars in the back yard.

great return i bet

[Texanadian 10]

Where are you getting 25 year mortgage rates in Canada? Longest I've seen is 10 years.