Until you invest, your money doesn’t grow and for your hard-earned money to multiply, investing in GICs in Victoria is a good and safe option. Markets
are subject to risk and not all the investors in the market have high risk-taking capacity. There are people of different age groups spread across,
who want fixed returns on the money they park and it is for such category of investors that parking funds in GICs in Victoria becomes a safe bet.
What are GICs?
Guaranteed Investment Certificates are the financial instruments issued by Canadian financial institutions in which the funds are parked for a specific time and the lender gets a guaranteed return on the investment made. GICs are like a contract between the borrower and lender in which the interest amount increases with the length of the investment. For maximum return on the investment made, it is suggested to keep the funds parked for the stated time.
What are the different kinds of GICs?
Choosing the right kind of GIC will help you in creating a portfolio that best meets your financial requirements. Thus, the different categories of GICs are:
Fixed-rate GICs As the name suggests, fixed-rate GICs are fixed-rate financial instruments. A fixed-rate of interest is paid on the amount invested for the specific time. For instance, if you invest $10000 for 1 year at 3%, then you will get $10300 after one year.
Variable-rate GIC: If you are willing to take the risk, then variable rate GIC might work well with you. In this case, the interest rate is determined by the prime rate of the financial institution and can change at any given time. If the market sentiment is high, you get paid more and if it is otherwise, you get nothing. The good part about variable rate GIC is that your principal amount remains safe and you are guaranteed the same upon the end of the contract. The difference lies in the payment of interest.
Market linked GIC: Stock markets are volatile and thus not all investors are willing to take the plunge of investing in the markets. By investing in market-linked GICs, you can get good returns when the markets outperform. But if it happens otherwise, you need not worry because your principal anyway remains safe.
Registered GIC: These kinds of GICs are registered with Canadian Federal Government and you are not required to pay any taxes on the interest you earn on such GICs.
Non-registered GIC: Unlike registered GIC, non-registered GIC doesn’t offer a tax-free return. But you can continue to invest as much as you like with no age limit and amount.
Contact the team at GIC Direct by calling 18775517283 and choose the GIC that is best suited for you.
John Smith is the author of this article. To know more about gic's victoria please visit our website.
Teams are made of people, and people perform the activities, tasks and steps required to achieve the desired results.
People are so important to successful project completion that a savvy project manager’s most crucial job is building an effective and efficient team for the entire duration of the project.
The team building process consists of a comprehensive set of measures designed to bring together people with different knowledge, skills and personalities into a collaborative team.
Keep in mind that diversity can be as much an asset as a liability – and the team building process results in diversity becoming a valuable intangible asset for the group.
Think about positive face-to-face interactions in the office and project site during normal working days as well as during special team building activities (i.e., trainings, workshops and seminars).
Think about using technology to foster team building, such as emails, video conferencing, and group chats, all of which are of special importance to teams in different locations.
Allah established the importance of knowledge from the very beginning of man’s creation.
When the Angels had questioned a ‘blood-thirsty’ man’s creation, God taught Adam (Alayhi Salam) knowledge, to impress upon them, their ignorance.
“And He taught Adam the names of all things; then He placed them before the angels, and said: Tell me the names of these if you are right.” (Quran 2:31)In more recent times, almost 1500 years ago, Angel Jibrail (A.S) revealed the very first word of the Quran to Muhammed (PBUH).
What could it have possibly been?
It had been the command to “Read!” that had echoed in the Cave of Hira.
“Read in the name of your Lord Who created.” (Quran 96:1)
