FHSA investments

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I’ve opened a FHSA account, I’m planning to buy a house in a year or two maximum, what kind of investments do you suggest. I’m thinking to going with GICs, are there better options? considering the time frame I’m looking at to purchase a house.

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Asked on June 18, 2023 12:09 am
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Hey,

Considering the short time frame and how attractive yields are today, you'll want to be conservative. So with that in mind, GICs are a great option and you could also look at ETFs like CASH and HSAV which are considered high-interest savings accounts ETFs. THese are excellent options for investors wanting to preserve capital but also remain liquid with their money.

If you want to learn more about these products - check out this article from our main site:
https://www.stocktrades.ca/top-hisa-etfs-in-canada/

Let us know if you have any questions.

Mat

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Posted by Mathieu Litalien
Answered on June 18, 2023 6:59 am
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