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  5. MISC: Hi Team, I am holding some cash that I intend to hold for 12 -15 months at which time I will be closing on some real estate and will need the money. [Miscellaneous]
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Investment Q&A

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Q: Hi Team,

I am holding some cash that I intend to hold for 12 -15 months at which time I will be closing on some real estate and will need the money. Do you have any recommendations for a safe 12-15 month hold for these funds where there is still some opportunity for a modest return?

Asked by Ian on January 14, 2022
5i Research Answer:

For 12-15 months we would not suggest any equities or even bonds as they carry some risk. We would suggest PSA (savings account ETF) or a GIC for a fixed term.