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Public Storage (PSA $286.94)
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Global X Cash Maximizer Corporate Class ETF (HSAV $116.58)
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Global X High Interest Savings ETF (CASH $50.06)
Q: I have $500,000 from sale of house that I need to park until January when I can contribute it back to my TFSA. Given the recent strong markets and the fact we are going I to seasonally weak months I don’t want to be exposed to market risk. Once back in my TFSA I will put the money to work in the markets.
I was thinking of using HSAV as the returns are by way of unit price appreciation which would be taxed more favourably than interest paid out in CASH or PSA. The unit price growth in HSAV is somewhat erratic which is a bit concerning.
Your thoughts or other suggestions.
I was thinking of using HSAV as the returns are by way of unit price appreciation which would be taxed more favourably than interest paid out in CASH or PSA. The unit price growth in HSAV is somewhat erratic which is a bit concerning.
Your thoughts or other suggestions.
5i Research Answer:
With a defined purpose and a short time frame, staying conservative is likely a good move. A...