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Alternatives to the stock market? (self.personalfinancecanada)

submitted 2 years ago by cygnus to c/personalfinancecanada

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I'm probably preaching against the choir here, but I've become quite disillusioned with the stock market. It seems to no longer have any correlation to reality (assuming it ever did). Other than real estate, what are other good avenues to explore?

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[–] observantTrapezium 2 points 2 years ago

GICs are probably the safest way to go right now. 5% beats inflation, at least now (and it helps if the GIC is in a tax-free savings account). The bank where I'm at offers these high rates for 1-year (5.25%) and even long term (5% for 5 years and 4.25% for up to 10 years) but I'm not brave enough to lock money for that long.